Learn about the global transit and ground passenger transport market through The Business Research Company, which provides information on transit and ground passenger transport market size, transit and ground passenger transport market drivers and restraints, transit and ground passenger transport market players, the COVID-19 impact on the transit and ground passenger transport market, and more.

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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%.

The transit and ground passenger transportation market growth is aided by stable economic growth forecasted in many developed and developing countries.

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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.

Global Transit And Ground Passenger Transport Market Segments Include:

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

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the global transit and ground passenger transport market, accounting for 39% of the market in 2020.

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.

TBRC’s transit and ground passenger transport market report covers:

Major Market Players: Transport For London, Metropolitan Transportation Authority, MTR Corporation, Guangzhou Metro, Madrid Metro.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Transit And Ground Passenger Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides transit and ground passenger transport market overviews, analyses and forecasts market size, share, transit and ground passenger transport market players, transit and ground passenger transport market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s transit and ground passenger transport market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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