The Global Public Transportation Market will Hit $285.7 Billion by 2028, at a CAGR of 5.4%

Public Transportation Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Public Transportation Market size is expected to reach $285.7 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.

The Rail segment is showcasing a CAGR of 5.8% during (2022 - 2028). Increasing expenditures and investments to create the infrastructure for rail transport, particularly the metro system and light rail transit, drive the segment's expansion. In India, for example, several metro projects are now under development, including the Pune Metro, Patna Metro, and Gujarat Metro.

The Offline segment acquired maximum revenue share in the Global Public Transportation Market by Ticket Distribution Channel in 2021 thereby, achieving a market value of $210.3 billion by 2028. It is because offline is a well-established route that operators and customers have utilized for years. Numerous players and customers utilize the offline distribution channel for public transportation tickets, particularly in developing nations.

The Asia Pacific segment dominated the Global Public Transportation Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $111.3 billion by 2028. The Europe market is exhibiting a CAGR of 4.9% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.7% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/public-transportation-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BC Transit Corporation, Transport International Holdings Limited, Brussels Intercommunal Transport Company, Metrolink, Transdev Group SA (Caisse des Dépôts et Consignations), Tobu Railway Co., Ltd., and Trenitalia c2c Limited.

Global Public Transportation Market Segmentation

By Mode Type

• Road
• Rail
• Others

By Ticket Distribution Channel

• Offline
• Online

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• BC Transit Corporation
• Transport International Holdings Limited
• Brussels Intercommunal Transport Company
• Metrolink
• Transdev Group SA (Caisse des Dépôts et Consignations)
• Tobu Railway Co., Ltd.
• Trenitalia c2c Limited

Related Reports:

North America Public Transportation Market Size & Share, 2028

• October-2022
• 50 Pages

LAMEA Public Transportation Market Size, Growth by 2022-2028

• October-2022
• 57 Pages

Europe Public Transportation Market Size & Projection 2028

• October-2022
• 57 Pages

Asia Pacific Public Transportation Market Size & Share by 2028

• October-2022
• 58 Pages