The global transit and ground passenger transport market is expected to grow from $412.7 billion in 2020 to $460.8 billion in 2021 at a compound annual growth rate (CAGR) of 11.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $634.9 billion in 2025 at a CAGR of 8%.
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The transit and ground passenger transport market consists of sales of transit and ground passenger transportation services and related goods by entities (organizations, sole traders and partnerships) that provide a variety of passenger transportation services, such as urban transit systems, chartered buses, school buses, and interurban bus transportation.The transit and ground passenger transport market is segmented into commuter rail and public bus services; taxi and limousine services; school and employee bus services; charter bus services and other transit and ground passenger transportation.
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The transit and ground passenger transport market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the transit and ground passenger transport market are Transport For London; Metropolitan Transportation Authority; MTR Corporation; Guangzhou Metro; Madrid Metro.
The global transit and ground passenger transport market is segmented –
1) By Type: Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services, Charter Bus Services, Other Transit And Ground Passenger Transport
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The transit and ground passenger transport market report describes and explains the global transit and ground passenger transport market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The transit and ground passenger transport report evaluates the market across each region and for the major economies within each region.
The countries covered in the global transit and ground passenger transport market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global transit and ground passenger transport market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Transit And Ground Passenger Transport Market Characteristics
- Transit And Ground Passenger Transport Market Product Analysis
- Transit And Ground Passenger Transport Market Supply Chain
- Key Mergers And Acquisitions In The Transit And Ground Passenger Transport Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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