The Transit And Ground Passenger Transportation Market To Grow At A Higher Rate
Posted by ananth on January 22nd, 2019
The Business Research Company’s transit and ground passenger transportation global market report, covers the year-on-year growth of the global transit and ground passenger transportation market historic and forecast growth. It also includes chapters on the transit and ground passenger transportation market trends, geographical analysis, and competitive landscape.
The global transit and ground passenger transportation market size is expected to reach more than 0 billion by 2022, significantly growing at a CAGR of around 6.5% during the forecast period
Transit And Ground Passenger Transportation Market Trends
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.
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.
Download a sample of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=1961&type=smp
The global transit and ground passenger transportation 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.
With economic growth, rapid urbanization and rise in disposable income in countries such as India and China and increased investments in metro systems globally, the global transit and ground passenger transportation market is expected to increase in potential and scope. TBRC’s report also covers the transit and ground passenger transportation drivers and restraints in the market.
The global transit and ground passenger transportation 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 global transit and ground passenger transportation market report are Transport For London, Metropolitan Transportation Authority, MTR Corporation, Guangzhou Metro, Madrid Metro
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About the Authorananth
Joined: June 11th, 2018
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