Transit And Ground Passenger Transportation Market Insights As Per TBRC’s Latest Report

The Business Research Company’s global transit and ground passenger transportation market analysis covers the year-on-year growth of the transit and ground passenger transportation global market historic and forecast growth. It also includes chapters on the transit and ground passenger transportation market trends, geographical analysis, and competitive landscape.
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The global transit and ground passenger market is forecast to grow at a CAGR (compound annual growth rate) of around 6.5% by 2020.
Transit And Ground Passenger Transportation Market Segmentation
According to TBRC’s transit and ground passenger transportation global market research, the market is split by segments into Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services and Charter Bus Services.
Commuter Rail And Public Bus Services was the largest segment in the transit and ground passenger transportation market accounting more than 65% of the market. This includes organizations involved in operating local and suburban mass passenger transit systems over fixed routes and schedules, using one or more modes of transport such as light rail, subways and streetcars, and buses
Taxi And Limousine Services was the second largest segment in the transit and ground passenger transportation market. This includes organizations offer passenger transportation services via taxi and limousine.
School And Employee Bus Services was the third largest segment in the transit and ground passenger transportation market This includes include companies mainly involved in providing buses and other motor vehicles to students to and from their school or employees to and from their work.
Charter Bus Services was the smallest segment in the transit and ground passenger transportation. This includes establishments are mainly involved in offering charter bus services not operating over fixed routes and schedules. Customers are required to rent the entire vehicle, rather than individual seats.
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Taxi And Limousine Services had the highest CAGR (compound annual growth rate) of 7.0% during 2013-2017; this segment is expected to grow at a CAGR of around 9% during 2017-2021. This is mainly due to increasing disposable income and increase in the number of corporate travelers in countries such as China and India. It can also be attributed to growing popularity of online taxi hailing services.
The transit and ground passenger transportation global market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The Commuter Rail And Public Bus Services, Taxi And Limousine Services, School And Employee Bus Services and Charter Bus Services global market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are Transport For London, Metropolitan Transportation Authority, MTR Corporation, Washington Metropoliton Transit Authority, and Madrid Metro.
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