The Business Research Company adds a report “Transit And Ground Passenger Transportation Global Market Report 2019” under its transportation services category. The report covers market characteristics, key players, market size and trends from 2013 to 2021.
The transit and ground passenger transportation market consist of sales of transit and ground passenger transportation services by entities (organizations, sole traders and partnerships) that provide a variety of passenger transportation services, such as urban transit systems, chartered buses, school buses, and interurban bus transportation.
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The transit and ground passenger transportation market expected to reach a value of nearly $684.68 billion by 2022, significantly growing at a CAGR of 10.1% during the forecast period. The growth in the transit and ground passenger transportation market is expected due to government investments in urban transit systems and interurban and rural bus transportation systems, strategic partnerships of private transit service providers with government, lower fuel prices, strong economic growth in countries such as China and India during the forecast period.
However, the market for transit and ground passenger transportation is expected to face certain restraints from several factors such as people are purchasing their own vehicles and rising disposable income which leads to the same.
Shared transportation system is growing in transit and ground passenger transportation industry owing to cost benefits this system offers to citizens. Shared transportation combines passenger transportation services such as drivers, taxis, bikes, and buses under a single platform. Its members can avail services of a transportation system by paying a subscription fee or a one-time fare, as well as can earn money by sharing their own vehicles. For instance, in 2013, US-based startup Downtown Project launched the Project 100 transportation system for Las Vegas. It is a complete transportation system that allows users to borrow bikes, shuttles, and small electric cars, and gets a driver by paying a subscription fee. Other examples include ride sharing companies such as BlaBlaCar and Drivezy, which allow users to rent vehicles of their choice by paying a membership fee or fare. Uber, on demand cab transportation service provider is also offering shared ride service known as uberPOOL.
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Few Points from Table of Contents:
3. Transit And Ground Passenger Transportation Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Transit And Ground Passenger Transportation Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Transit And Ground Passenger Transportation Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Transit And Ground Passenger Transportation Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Transit And Ground Passenger Transportation Market Trends And Strategies
8. Transit And Ground Passenger Transportation Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Transit And Ground Passenger Transportation Market Regional Analysis
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