Transit and Ground Passenger Transport Market Report 2026

The transit and ground passenger transport market size has grown strongly in recent years. It will grow from $704.31 billion in 2025 to $763.43 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to expansion of urban population density, growth of city public transport networks, rising fuel cost pressures, increased government investment in mass transit, higher demand for daily commuter mobility.

The transit and ground passenger transport market size is expected to see strong growth in the next few years. It will grow to $1.07 trillion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing investments in smart city transit infrastructure, rising demand for low-emission public transport, expansion of multimodal mobility services, growing adoption of data-driven route optimization, increasing focus on inclusive and accessible transport systems. Major trends in the forecast period include increasing adoption of electric public transit fleets, rising deployment of integrated urban mobility platforms, growing expansion of high-capacity rapid transit systems, enhanced focus on passenger safety and comfort, increasing integration of real-time transit analytics.

The rising demand for ride-sharing services is anticipated to drive growth in the transit and ground passenger transportation markets. Ride-sharing services are platforms that link individuals seeking rides with drivers using their personal vehicles for transportation. Transit and ground passenger transportation support ride-sharing services by offering essential first- and last-mile connectivity, making it easier for passengers to access and utilize ride-sharing options, thereby improving overall mobility and transportation efficiency. For example, in February 2024, according to Uber Technologies Inc., a US-based ride-hailing and mobility technology company, the platform reported approximately 2.6 billion trips in the fourth quarter of 2023, marking a 24 percent year-on-year increase and averaging about 28 million trips per day. Thus, growing demand for ride-sharing services is fueling the transit and ground passenger transportation markets.

Major companies operating in the transit and ground passenger transport market are prioritizing the integration of digital connectivity solutions, such as high-speed digital bus connectivity platforms, to improve passenger experience, real-time monitoring, and operational efficiency. High-speed digital bus connectivity platforms are communication systems that combine satellite and cellular technologies to provide continuous onboard internet access while linking vehicles to cloud-based management systems. These platforms enable functions such as real-time passenger information, fleet telemetry, and remote system management. For example, in May 2025, Viasat, a US-based satellite communications company, introduced the Viasat Digital Bus platform, a digital connectivity solution aimed at delivering uninterrupted onboard Wi-Fi and optimizing fleet operations. It offers high-speed passenger internet access, remote fleet monitoring and telemetry, and automated over-the-air software updates. The Viasat Digital Bus platform enhances service quality and operational efficiency by providing reliable connectivity, data-driven fleet management, and improved passenger convenience.

In June 2023, National Express Group PLC, a UK-based public transport operator, collaborated with Liftango to introduce Trio, an innovative passenger transport technology poised to revolutionize the landscape of shared mobility solutions. This solution amalgamates the extensive transport management expertise of National Express Transport Solutions with Liftango's data-driven technology platform encompassing demand-responsive transport (DRT) technology, passenger applications, and management information. Trio employs advanced modeling techniques to analyze travel patterns and address transportation inequalities, delivering a customized solution with sustainability as its core focus. Liftango Pty Ltd. is an Australia-based provider of sustainable, shared, and convenient transport, offering on-demand shared transport systems globally.

Major companies operating in the transit and ground passenger transport market are Uber Technologies Inc., Didi Chuxing Technology Co, Keolis, FirstGroup Plc, Metropolitan Transportation Authority, Nihon Kotsu, Madrid Metro, MAILCAR S.R. L, Prague Taxis, Grupo CHAPÍN, Oga taxi, Gett, Stabus, Yandex., Chauffeur Privé, Bolt, Ashflex School Bus Services Limited, Golden Arrow Bus Services, The Coach People, Taxify, National Express Group, Intercape, EL CONDOR EMPRESA DE TRANSPORTE E.T. S. A, Santa Clara Valley Transportation Authority, Dresdner Verkehrsbetriebe, First Travel Solutions, Transdev North America Inc., Münchner Verkehrsgesellschaft, Hamburger Hochbahn, Budapesti Közlekedési Központ (BKK), PUTCO, tefano’s RomeCabs, Yellow Bus Ghana, Cabify, Africa Ride, GSP Belgrade, Transport For London, Guangzhou Metro, Domenico’s Airport Transfers, Transportation Charter Services, The Free Enterprise System, First Student, Royal Coach Tours, StorerCoachways, Transportes Del Tejar S. A, DATTCO Inc, The Port Authority of New York & New Jersey, Northfield Lines, Arrow Stage Lines, Rohrer Bus, All Board School Transportation, Student Transportation of Canada, TransLink wins, Zagrebački električni tramvaj, Metro-North Commuter Railroad Co Inc, School Transport Services, Charter House, BATaxi, MK Chauffeur Drive, Washington Metropolitan Area Transit Authority, Velocity Buses Transportation, Emirates Transport Center, Columbia Transit Corp, Chicago Transit Authority (CTA), Xiaoche001, Energos Services India Pvt. Ltd., Employee Transport Services (ETS) LLC, Dubai Taxi Corporation, Yookoo rid, Beijing¬-tianjin, Grab Holdings Inc., Rome Chauffeur, Rainbow Coaches, LeCab, MyTaxi, Rea Vaya, Stagecoach Group, Arriva, Ola Cabs, Lyft Inc.

Asia-Pacific was the largest region in the transit and ground passenger transport market in 2025. Western Europe was the second largest region in the transit and ground passenger transport market. The regions covered in the transit and ground passenger transport market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the transit and ground passenger transport market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The transit and ground passenger transport market includes revenues earned by entities by reducing congestion appearing during travel, increasing land value, reducing costs, and reducing carbon emissions emitted by vehicles. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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