Global Commuter Rail And Public Bus Services Market Size, Drivers, Trends, Opportunities And Strategies – Includes Commuter Rail And Public Bus Services Market Analysis
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The stable economic growth forecasted in many developed and developing countries are expected to drive innovation in commuter rail and public bus services manufacturing, thus driving the market during the forecast period.
The global commuter rail and public bus services market is expected to grow from $361.18 billion in 2022 to $397.18 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The commuter rail and public bus services market is expected to grow to $562.62 billion in 2027 at a CAGR of 9.1%.
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Global commuter rail and public bus services Market Segments Include:
- By Type: Commuter Rail Services (Metro And MMTS), Public Bus Services
- By Distance: Long-Distance, Short-Distance
- By Application: Adults, Children
- 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 is the largest region in the global commuter rail and public bus services market in 2021.
Major Market Players in the commuter rail and public bus services market include Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL), Duetsche Bahn AG.
Many bus service providers are introducing hybrid buses to reduce carbon emissions. Buses are generally powered by diesel, which releases CO2 emissions into the environment. On the contrary, hybrid buses utilise alternate fuel and do not require heavy investment like electric buses. A hybrid bus is powered by two alternate fuels or fuel combined with electricity, diesel-natural gas, or diesel-electric. In addition to that, these buses offer a quieter experience and lower maintenance costs. According to research by the Environmental and Energy Study Institute, hybrid buses offer about 40% improvement in fuel economy in comparison to standard diesel coaches and nearly 90% improvement over compressed natural gas buses. Major companies involved in the manufacturing of hybrid buses are Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, and Jinlong.
The Commuter Rail And Public Bus Services Global Market Report 2023 provides a commuter rail and public bus services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The commuter rail and public bus services market forecast analyzes commuter rail and public bus services market size, commuter rail and public bus services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Commuter rail and public bus services refer to a mode of transportation that operates local and suburban ground passenger transit systems using more than one mode of transport over regular routes and on regular schedules within a metropolitan area and its adjacent nonurban areas and is usually characterized by reduced fares, multiple rides, and commuter tickets and is mostly used by passengers during the morning and evening peak periods.
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