The transit and ground passenger transportation industry includes companies offering passenger transportation services, such as urban transit systems, taxis, and chartered bus, school bus, and interurban bus transportation. This industry includes both government and private operated transportation systems.
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The global transit and ground passenger transportation market has shown little growth in the past years with a CAGR of just over 3.5%. The year 2017 recorded highest ever growth in this market with a net value of above $500 billion as per TBRC’s in-house consultants.
TBRC’s latest report show the trends in the market for each year.
The report also shows the transit and ground passenger transportation market to grow at double the CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Double growth in this sector is expected after considering a number of reasons and upcoming changes globally, which include lower fuel prices in coming years, strong economic growth in countries such as China and India during the forecast period, government investments in urban transit systems, and strategic partnerships of private transit service providers with government, especially in Asia.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
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The top 5 companies included in the report are Transport For London, Metropolitan Transportation Authority, MTR Corporation, Washington Metropoliton Transit, and Madrid Metro.
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