Press release
Robust Growth Expected in Commuter Rail and Public Bus Services Market, Projected to Reach $689.35 Billion by 2029
Commuter Rail And Public Bus Services Market Size
Driven by increase of urbanization and demand for sustainable transit solutions, the global market for commuter rail and public bus services continues to exhibit a steadfast trajectory of growth, set to achieve a noteworthy CAGR of 8.9%.
What Is The Projected Market Size Of The Global Commuter Rail And Public Bus Services Market And Its Growth Rate?
•The market size was worth $445.34 billion in 2024.
•Expected to reach $489.87 billion in 2025, marking a compound annual growth rate (CAGR) of 10.0%.
•A forecasted robust growth to reach $689.35 billion in 2029 at a CAGR of 8.9%.
What Is Driving The Growth In The Commuter Rail And Public Bus Services Market?
The commuter rail and public bus service market's growth is significantly bolstered by the stable economic growth recorded in numerous developed and developing economies worldwide. The International Monetary Fund (IMF) predicts global GDP growth will stand at 3.3% and 3.4% in 2020 and 2021 respectively. In addition, the Bureau of Economic Analysis (BEA), a US-based agency, reveals a price index increase for gross domestic purchases at 6.8% in 2022 vis-à-vis a 4.2% increase in 2021. Recovering commodity prices, following a marked decline in previous periods, are further projected to boost market growth. Stable economic growth is set to heighten investments in end-user markets and hence drive the market in the forecast period.
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Who Are the Key Players Driving Commuter Rail And Public Bus Services Market Growth?
•Deutsche Bahn AG
•Metropolitan Transportation Authority Corporation
•The East Japan Railway Company
•Guangzhou Public Transport Group
•The West Japan Railway Company
•The Central Japan Railway Company
•Transport for London (TFL)
•Keolis Group
•Transdev SA
•Nanjing Public Transport Group
•RATP Group
•Transport International Holdings Limited
•FirstGroup PLC
•MTR Corp.Ltd.
•Go-Ahead Group
•Arriva plc
•ComfortDelGro Corporation
•National Express Group
•Kyushu Railway Company
•Stagecoach Group plc
•SBS Transit Ltd.
•SMRT Corporation
•Shanghai Shentong Metro Group
•Wuhan Metro Group
•The Kowloon Motor Bus Company Limited
•Beijing Public Transport Holdings Co.Ltd.
•Shenzhen Bus Group
•Hangzhou Public Transport Group
•Suzhou Public Transport Group
•Chengdu Public Transport Group
•Xi'an Public Transport Group
What Are The Key Trends In The Commuter Rail And Public Bus Services Market?
•Integration of contactless payment systems
•Implementation of real-time passenger information systems
•Adoption of mobility as a service (MAAS) integration
•Introduction of bus lane priority systems
•Enhanced accessibility features
What Are The Segments Of The Global Commuter Rail And Public Bus Services Market?
•By Type: Commuter Rail Services (Metro And MMTS), Public Bus Services
•By Distance: Long-Distance, Short-Distance
•By Application: Adults, Children
Which Region Leads The Commuter Rail And Public Bus Services Market?
Western Europe led the commuter rail and public bus services market in 2024, followed closely by Asia-Pacific. The regions covered in the report span Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, & Africa.
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What Is Covered In The Commuter Rail And Public Bus Services Market Global Market Report?
- Market Size Analysis: Analyze the Commuter Rail And Public Bus Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Commuter Rail And Public Bus Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Commuter Rail And Public Bus Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commuter Rail And Public Bus Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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