USD 228.1 billion
Report ID:
SQMIG25C2119 |
Region:
Global |
Published Date: March, 2025
Pages:
223
|Tables:
62
|Figures:
75
Public Transportation Market size was valued at USD 228.1 billion in 2023 and is poised to grow from USD 244.75 billion in 2024 to USD 430.05 billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
Increasing congestion in urban areas is the prime factor boosting demand for public transportation all over the world. Growing focus on reducing emissions and improving the overall mobility of people are also estimated to favor public transportation market growth over the coming years. Public transportation includes buses, trams, subways, trains, etc. that provide affordable transport for people.
Sustainable urban development plans and efforts to reduce traffic congestion in populated parts of the world are also slated to boost the public transportation demand outlook. Prioritization of public transportation by governments around the world will also play a crucial role in the future public transportation market development. Efforts to reduce reliance on private vehicles will also uplift public transportation demand.
The development of advanced electric buses and trains, the integration of smart ticketing systems, and the high availability of convenient public transport solutions are other factors that could create new opportunities for public transportation providers. Reduced public transportation costs could also attract commuters toward public transportation.
Contrastingly, budgetary constraints and maintenance issues act as major restraints for the overall market growth in the long term. Moreover, unforeseen and unpredicted events such as the COVID-19 pandemic also hinder public transportation market potential. The evolving needs of public transportation in urban as well as rural settings coupled with increased focus on sustainability is estimated to boost public transportation demand in the future.
Market snapshot - 2025-2032
Global Market Size
USD 228.1 billion
Largest Segment
Offline distribution channels
Fastest Growth
Offline distribution channels
Growth Rate
7.3% CAGR
To get more reports on the above market click here to Buy The Report
Global Public Transportation Market is segmented by Propulsion, Mode Type, Mobility, Distribution channel, Application, End User and region. Based on Propulsion, the market is segmented into Diesel, Gasoline, Electric and Others. Based on Mode Type, the market is segmented into Road, Rail and Others. Based on Mobility, the market is segmented into Bus, Tram, Train, Car Sharing and Others. Based on Distribution channel, the market is segmented into Online and Offline. Based on Application, the market is segmented into Rural and Urban. Based on End User, the market is segmented into Intracity, Intercity and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Offline distribution of tickets and passes to access public transportation has been around for several years and is still a preferred way in modern times, which allows it to account for a dominant market share. Passengers and commuters usually buy tickets at the bus or train station before their journey or through ticket agents. While this is a popular way to obtain access to public transportation it is not very convenient and this is why demand for online channels is slated to grow in the future.
Online distribution of tickets through websites, mobile apps, and third-party platforms is projected to emerge as the fastest-growing segment all over the world. Growing digitization and rising smartphone proliferation are predicted to be key prospects that boost demand for online distribution of tickets going forward. People who prefer contactless transactions are more inclined to opt for online distribution. The growing availability of online booking platforms is slated to boost growth in this segment.
Road public transportation accounts for the largest share of the global public transportation marketplace. Wide availability of different public transportation options through roads such as buses and trams allows this segment to account for a prominent share of the global market. High use of road transportation in urban as well as rural settings also adds up to the benefit of this segment. Extensive road networks and growing investments in the development of new means of road public transportation are slated to offer attractive growth opportunities.
Rail public transportation is forecasted to emerge as the fastest-growing segment in the public transportation market. Rail-based transit systems, include subways, light rail, and commuter trains. High efficiency of rail-based systems and their ability to eliminate traffic congestion in densely populated urban areas. Moreover, the increasing availability of new high-speed rail is also slated to benefit growth in this segment.
To get detailed analysis on other segments, Request For Free Sample Report
The Asia Pacific region accounts for a prominent share of the global public transportation marketplace with China leading the growth in this region. The presence of an expansive public transportation network in China is what makes it the foremost market for public transportation providers in this region. Buses, high-speed trains, subways, and trams account for a prominent share of the public transportation market in the Asia Pacific region. Growing urbanization in Asian economies and a rapidly expanding population base are also slated to boost demand for public transportation over the coming years. Japan, India, and South Korea are also slated to be attractive markets in this region.
Europe accounts for the second-biggest share of the global public transportation market and this can be attributed to the robust public transportation infrastructure of European countries. People in Europe are more inclined to use public transport facilities owing to the expansive network of the same. From buses, subways, trams, to trains, the region is rife with all kinds of public transport that is affordable as well as comfortable for all types of commuters. A high focus on sustainability and increased consumer awareness regarding the environmental benefits of public transportation use also allow this region to account for a notable market share and expand at a rapid pace in the long run.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Urbanization and Population Growth
Environmental Concerns
Funding Constraints
Maintenance Challenges
Request Free Customization of this report to help us to meet your business objectives.
The global public transportation market is highly competitive owing to the presence of established as well as innovative new companies. Increasing investments in infrastructure development in developing countries are offering attractive growth scope for public transportation providers. Public transportation market players can leverage growing industrialization and urbanization to their advantage to boost their revenue generation in the long run. Market players can also focus on obtaining government contracts to improve their business potential on a global level. New companies can leverage ride-sharing and mobility-as-a-service (MaaS) trends to create new public transportation solutions and stand out in the global marketplace. Sustainability and digitization are projected to influence the future of the public transportation market and create a multitude of new opportunities for companies.
SkyQuest's ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type's team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, the global public transportation market is forecasted to be driven by the growing availability of sustainable mobility solutions and increasing traffic congestion in urban cities around the world. High investments of governments in the development of advanced public transportation infrastructure and a rising emphasis on sustainable urban planning are also contributing to public transportation market growth. Evolving consumer preferences and expanding public transportation networks around the world are also creating new opportunities for public transportation providers going forward. However, high costs of development and maintenance of public transportation are projected to impede market growth in the long run. The rapidly expanding population base and growing urbanization are slated to catalyze demand for public transportation in the Asia Pacific region and allow it to hold a dominant share of the global marketplace. Integration of digital technologies and sustainable approaches are key trends that offer new opportunities for public transportation market players.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 228.1 billion |
Market size value in 2032 | USD 430.05 billion |
Growth Rate | 7.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Public Transportation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Public Transportation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Public Transportation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Public Transportation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Public Transportation Market size was valued at USD 247.14 Billion in 2023 and is poised to grow from USD 279.02 Billion in 2024 to USD 736.53 Billion by 2032, growing at a CAGR of 12.90% during the forecast period (2025-2032).
The global public transportation market is highly competitive owing to the presence of established as well as innovative new companies. Increasing investments in infrastructure development in developing countries are offering attractive growth scope for public transportation providers. Public transportation market players can leverage growing industrialization and urbanization to their advantage to boost their revenue generation in the long run. Market players can also focus on obtaining government contracts to improve their business potential on a global level. New companies can leverage ride-sharing and mobility-as-a-service (MaaS) trends to create new public transportation solutions and stand out in the global marketplace. Sustainability and digitization are projected to influence the future of the public transportation market and create a multitude of new opportunities for companies. 'Beijing Subway', 'Transport for London (TfL)', 'Hong Kong Mass Transit Railway (MTR)', 'Metropolitan Transportation Authority (MTA)', 'Tokyo Metro', 'São Paulo Metrô (Metrô)', 'Paris Métro', 'Chicago Transit Authority (CTA)', 'Metro de Madrid', 'New York City Transit', 'Delhi Metro Rail Corporation (DMRC)', 'Shanghai Metro', 'Singapore Mass Rapid Transit (SMRT)', 'Transport Corporation of India (TCI)', 'Guangzhou Metro', 'Seoul Metropolitan Subway', 'New Jersey Transit (NJ Transit)', 'Moscow Metro', 'MTR Corporation', 'Los Angeles County Metropolitan Transportation Authority (Metro)'
The boom in global population growth and rising urbanization across the world are estimated to bolster the demand for affordable and efficient public transportation over the coming years to resolve mobility issues and reduce traffic.
Sustainable Mobility Solutions: The looming threat of climate change is here and it has bolstered the demand for sustainable means of transportation. Integration of green technologies in public transportation is opening up new avenues of opportunities for public transportation market growth as governments around the world invest in electric trains and buses.
The Asia Pacific region accounts for a prominent share of the global public transportation marketplace with China leading the growth in this region. The presence of an expansive public transportation network in China is what makes it the foremost market for public transportation providers in this region. Buses, high-speed trains, subways, and trams account for a prominent share of the public transportation market in the Asia Pacific region. Growing urbanization in Asian economies and a rapidly expanding population base are also slated to boost demand for public transportation over the coming years. Japan, India, and South Korea are also slated to be attractive markets in this region.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG25C2119
[email protected]
USA +1 351-333-4748