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.

The global transit and ground passenger transport market size is expected to grow from $578.44 billion in 2021 to $638.28 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The transit and ground passenger transport market is then expected to grow to $911.78 billion in 2026 at a CAGR of 9.3%.

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, Others

By Distance: Long-Distance, Short-Distance

By Destination: Domestic, International

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, Asia Pacific was the largest region in the transit and ground passenger transport market in 2021.

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 the fuel efficiency of the vehicle and increases the life of lithium batteries. Further, the technology has low maintenance components allowing the companies to save costs.

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

Major Market Players: Uber, Daimler AG, Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL), Duetsche Bahn AG, FirstGroup PLC, National Express Group PLC, Lyft, and MTR Corp ltd.

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 (2016-21) and ten years forecast (2022-2026-2031)

The Transit And Ground Passenger Transport Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides transit and ground passenger transport market overviews, analyzes 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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