FEATURED COMPANIES
- Guangzhou Metro
- Madrid Metro
- MTR Corporation
- Transport For London
Transit and Ground Passenger Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global transit and ground passenger transport market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for transit and ground passenger transport? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Transit and Ground Passenger Transport market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider transit and ground passenger transport market, and compares it with other markets.
Scope
Markets Covered:
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
Subsegments Covered: Commuter Rail Services (Metro and MMTS); Public Bus Services; Online Taxi Services; Tele and Offline Taxi Services; Limousine Services; Students Bus Services; Employee Bus Services
Companies Mentioned: Transport For London; Metropolitan Transport Authority; MTR Corporation; Guangzhou Metro; Madrid Metro
Metrics Covered: Number of Enterprises; Number of Employees
Countries: 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
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, transit and ground passenger transport indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for transit and ground passenger transport? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Transit and Ground Passenger Transport market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider transit and ground passenger transport market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The transit and ground passenger transport market section of the report gives context. It compares the transit and ground passenger transport market with other segments of the transport services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, transit and ground passenger transport indicators comparison.
Scope
Markets Covered:
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
Subsegments Covered: Commuter Rail Services (Metro and MMTS); Public Bus Services; Online Taxi Services; Tele and Offline Taxi Services; Limousine Services; Students Bus Services; Employee Bus Services
Companies Mentioned: Transport For London; Metropolitan Transport Authority; MTR Corporation; Guangzhou Metro; Madrid Metro
Metrics Covered: Number of Enterprises; Number of Employees
Countries: 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
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, transit and ground passenger transport indicators comparison.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Transit and Ground Passenger Transport Market
What is the estimated value of the Global Transit and Ground Passenger Transport Market?
What is the growth rate of the Global Transit and Ground Passenger Transport Market?
What is the forecasted size of the Global Transit and Ground Passenger Transport Market?
Who are the key companies in the Global Transit and Ground Passenger Transport Market?
FEATURED COMPANIES
- Guangzhou Metro
- Madrid Metro
- MTR Corporation
- Transport For London
1. Executive Summary2. Report Structure7. Transit And Ground Passenger Transport Market Trends And Strategies8. Impact Of COVID-19 On Transit And Ground Passenger Transport22. Key Mergers And Acquisitions In The Transit And Ground Passenger Transport Market26. Copyright And Disclaimer
3. Transit And Ground Passenger Transport Market Characteristics
4. Transit And Ground Passenger Transport Market Product Analysis
5. Transit And Ground Passenger Transport Market Supply Chain
6. Transit And Ground Passenger Transport Market Customer Information
9. Transit And Ground Passenger Transport Market Size And Growth
10. Transit And Ground Passenger Transport Market Regional Analysis
11. Transit And Ground Passenger Transport Market Segmentation
12. Transit And Ground Passenger Transport Market Segments
13. Transit And Ground Passenger Transport Market Metrics
14. Asia-Pacific Transit And Ground Passenger Transport Market
15. Western Europe Transit And Ground Passenger Transport Market
16. Eastern Europe Transit And Ground Passenger Transport Market
17. North America Transit And Ground Passenger Transport Market
18. South America Transit And Ground Passenger Transport Market
19. Middle East Transit And Ground Passenger Transport Market
20. Africa Transit And Ground Passenger Transport Market
21. Transit And Ground Passenger Transport Market Competitive Landscape
23. Market Background: Transportation Services Market
24. Recommendations
25. Appendix
FEATURED COMPANIES
- Guangzhou Metro
- Madrid Metro
- MTR Corporation
- Transport For London
Major companies in the transit and ground passenger transport market include Transport For London; Metropolitan Transportation Authority; MTR Corporation; Guangzhou Metro and Madrid Metro.
The global transit and ground passenger transport market is expected to grow from $412. 97 billion in 2020 to $460. 48 billion in 2021 at a compound annual growth rate (CAGR) of 11. 5%. 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. 99 billion in 2025 at a CAGR of 8%.
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.
Western Europe was the largest region in the global transit and ground passenger transport market, accounting for 39% of the market in 2020. Asia Pacific was the second largest region accounting for 29% of the global transit and ground passenger transport market. Africa was the smallest region in the global transit and ground passenger transport market.
Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries which in some cases are also charged by solar panels installed on the roof of the bus. This improves fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low maintenance components allowing the companies to save cost. For instance, Shenzhen in China converted its entire fleet of 16,000 buses to run entirely on electricity. This was made possible by making bus parking roofed with solar panels to enable charging facilities. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar Longhua New Energy Automobile Co. , Ltd. , Bauer's Intelligent Transportation, Yutong, and Volvo buses.
Coronavirus Pandemic - The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the transit and ground passenger transportation services market in 2020 as governments-imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the transit and ground passenger transportation services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Faster Economic Growth -The transit and ground passenger transportation market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3. 3% in 2020 and 3. 4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period.
The global transit and ground passenger transport market is expected to grow from $412. 97 billion in 2020 to $460. 48 billion in 2021 at a compound annual growth rate (CAGR) of 11. 5%. 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. 99 billion in 2025 at a CAGR of 8%.
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.
Western Europe was the largest region in the global transit and ground passenger transport market, accounting for 39% of the market in 2020. Asia Pacific was the second largest region accounting for 29% of the global transit and ground passenger transport market. Africa was the smallest region in the global transit and ground passenger transport market.
Companies are actively pursuing electricity to power buses to reduce carbon emissions and cut costs. Solar buses run on electric batteries which in some cases are also charged by solar panels installed on the roof of the bus. This improves fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low maintenance components allowing the companies to save cost. For instance, Shenzhen in China converted its entire fleet of 16,000 buses to run entirely on electricity. This was made possible by making bus parking roofed with solar panels to enable charging facilities. Major companies involved in manufacturing electric buses include Kiira Motors, BYD Company, Heilongjiang Qiqiar Longhua New Energy Automobile Co. , Ltd. , Bauer's Intelligent Transportation, Yutong, and Volvo buses.
Coronavirus Pandemic - The outbreak of coronavirus disease (COVID-19) has acted as a massive restraint on the transit and ground passenger transportation services market in 2020 as governments-imposed lockdowns and restricted the movement of people and goods to contain the transmission. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the transit and ground passenger transportation services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Faster Economic Growth -The transit and ground passenger transportation market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3. 3% in 2020 and 3. 4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period.
A selection of companies mentioned in this report includes:
- Transport For London
- Metropolitan Transportation Authority
- MTR Corporation
- Guangzhou Metro
- Madrid Metro
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