5 Major Insights Into The Transit And Ground Passenger Transport Market Report 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Transit And Ground Passenger Transport Global Market Report 2023 offers crucial insights into the transit and ground passenger transport market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global transit and ground passenger transport market size is expected to grow from $640.25 billion in 2022 to $698.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The transit and ground passenger transport market is expected to grow to $962.69 billion in 2027 at a CAGR of 8.3%.
The growth of the transit and ground passenger transportation markets is aided by the expected consistent economic growth in many developed and emerging countries.
- Key Trend – Companies are actively seeking the use of electricity to power buses in order to reduce carbon emissions and expenses. Solar buses run on electric batteries, which are often charged by solar panels put on the bus’s roof. This increases the vehicle’s fuel efficiency and the life of the lithium batteries. Furthermore, the system offers low-maintenance components, allowing businesses to save money.
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- Largest Region – Asia-Pacific was the largest region in the transit and ground passenger transport market in 2022.
- Major Players – Major players in the transit and ground passenger transport market are Uber, Daimler AG, Metropolitan Transportation Authority, Transport International Holdings Limited, Transport for London (TFL).
- Top Market Segments –
- 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
- 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 is the largest region in the global transit and ground passenger transport market in 2021.
Read The Full Transit And Ground Passenger Transport Market Report Here:
The Transit And Ground Passenger Transport Global Market Report 2023 provides a comprehensive outlook of the transit and ground passenger transport market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The transit and ground passenger transport market forecast offers a thorough analysis on transit and ground passenger transport market size, transit and ground passenger transport market share, prominent players and their strategies.
Transit and ground passenger transport refers to a type of transportation that involves a large number of passengers travelling and offers a variety of passenger transportation services, such as urban transit systems, high-speed rail systems, chartered buses, school buses and interurban bus transportation.
The Table Of Content For The Transit And Ground Passenger Transport Market Include:
1. Transit And Ground Passenger Transport Market Executive Summary
2. Transit And Ground Passenger Transport Market Segments
3. Transit And Ground Passenger Transport Market Size And Transit And Ground Passenger Transport Market Growth Rate
4. Key Transit And Ground Passenger Transport Market Trends
5. Major Transit And Ground Passenger Transport Market Drivers
……
25. Key Mergers And Acquisitions In The Transit And Ground Passenger Transport Market
26. Top Transit And Ground Passenger Transport Companies
27. Transit And Ground Passenger Transport Market Opportunities And Strategies
28. Transit And Ground Passenger Transport Market, Conclusions And Recommendations
29. Appendix
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