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Transit and Ground Passenger Transportation - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141097
Global Transit and Ground Passenger Transportation Market to Reach $908.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Transit and Ground Passenger Transportation estimated at US$545.1 Billion in the year 2020, is projected to reach a revised size of US$908.8 Billion by 2027, growing at a CAGR of 7.6% over the analysis period 2020-2027. Commuter Rail and Public Bus Services, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$305.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Taxi and Limousine Services segment is readjusted to a revised 7.9% CAGR for the next 7-year period.





The U.S. Market is Estimated at $157.3 Billion, While China is Forecast to Grow at 11.7% CAGR

The Transit and Ground Passenger Transportation market in the U.S. is estimated at US$157.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$176.6 Billion by the year 2027 trailing a CAGR of 11.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

School and Employee Bus Services Segment to Record 7% CAGR

In the global School and Employee Bus Services segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$81.9 Billion in the year 2020 will reach a projected size of US$126.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$128 Billion by the year 2027, while Latin America will expand at a 8.3% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Bay Area Rapid Transit
  • Chicago Transit Authority
  • Guangzhou Metro Group Co., Ltd.
  • Madrid Metro
  • Metropolitan Transportation Authority
  • MTR Corporation Limited
  • The Masachussets Bay Transit Authority
  • Transport For London
  • Washington Metropoliton Transit Aithority
Frequently Asked Questions about the Global Market for Transit and Ground Passenger Transportation

What is the estimated value of the Global Market for Transit and Ground Passenger Transportation?

The Global Market for Transit and Ground Passenger Transportation was estimated to be valued at $545.1 Billion in 2020.

What is the growth rate of the Global Market for Transit and Ground Passenger Transportation?

The growth rate of the Global Market for Transit and Ground Passenger Transportation is 7.6%, with an estimated value of $908.8 Billion by 2027.

What is the forecasted size of the Global Market for Transit and Ground Passenger Transportation?

The Global Market for Transit and Ground Passenger Transportation is estimated to be worth $908.8 Billion by 2027.

Who are the key companies in the Global Market for Transit and Ground Passenger Transportation?

Key companies in the Global Market for Transit and Ground Passenger Transportation include Bay Area Rapid Transit, Chicago Transit Authority, Guangzhou Metro Group Co. Ltd., Madrid Metro, Metropolitan Transportation Authority, MTR Corporation Limited, The Masachussets Bay Transit Authority and Washington Metropoliton Transit Aithority.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 46

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Bay Area Rapid Transit
  • Chicago Transit Authority
  • Guangzhou Metro Group Co. Ltd.
  • Madrid Metro
  • Metropolitan Transportation Authority
  • MTR Corporation Limited
  • The Masachussets Bay Transit Authority
  • Transport For London
  • Washington Metropoliton Transit Aithority