Growth Opportunities in the Evolving Public Transport Landscape, 2030

Growth Opportunities in the Evolving Public Transport Landscape, 2030

Digitization, Integrated Mobility, and Equity to Ensure Future Growth Potential of $542.2B by 2030

RELEASE DATE
14-Aug-2023
REGION
North America
Deliverable Type
Market Research
Research Code: MH02-01-00-00-00
SKU: TEMP_2023_81
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Description

Public transportation plays a crucial role in addressing the challenges of urban mobility, sustainability, and connectivity. Across the world, various emerging trends are shaping the future of public transportation systems. This study explores some of these key trends, highlighting their potential impact on transportation networks and the overall passenger experience.

One prominent trend is the integration of technology and data-driven solutions. Intelligent transportation systems are being adopted to optimize operations, improve service reliability, and enhance the overall efficiency of public transportation. Real-time passenger information systems, mobile apps, and smart ticketing solutions enable travelers to access up-to-date information, plan their journeys, and seamlessly pay for fares. Cutting-edge technologies, such as artificial intelligence, data analytics, and the Internet of Things (IoT), are revolutionizing the transportation landscape by optimizing it and enabling a more connected and efficient mobility ecosystem.

Another important trend is the focus on sustainability and electrification. With increasing concerns about climate change and air pollution, public transportation systems are transitioning towards greener and more sustainable options. Electrification of buses and trains, along with the integration of shared mobility services, such as micromobility sharing and DRT, provides additional eco-friendly transportation options.

Mobility-as-a-Service (MaaS) is also gaining traction. Through a single app or platform, travelers can plan, book, and pay for their entire journey, combining multiple modes such as public transport, ride sharing, bike sharing, and even micromobility options. MaaS holds the potential to enhance the overall travel experience, increase ridership, and reduce private car usage by offering personalized, on-demand transportation solutions. Consumer preferences are shifting towards mobility options that offer flexibility and personalized experiences.

Research Scope

This study is focused on analyzing the key trends shaping the public transport landscape across North America, Europe, APAC, and Rest of World which includes UAE, South Africa, and LATAM. The public transport market is estimated to exceed $540 billion by 2030, driven by advancements in technology, sustainability goals, passenger-centric approaches, and collaborative efforts. The integration of technology, sustainable practices, and MaaS platforms are reshaping the way people travel, making public transportation more efficient, accessible, and environment friendly.


Research Highlights

  • Strategic imperatives and growth environment
  • Key industry drivers and challenges
  • Competitive benchmarking of the public transport operators in each region

Key Issues Addressed

  • What are the key trends that will drive the public transport landscape?
  • The size of the public transport market at a global and a regional level
  • What strategies can make public transport successful?
  • Key elements of an evolving public transport landscape?

Author: Chanchal Jetha

 

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Public Transport Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Where Does Public Transportation Fit In?

Definition and Segmentation

Regions

Why is Public Transport Important in Cities?

Major Stakeholders

Key Definitions

Key Competitors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Forecast Assumptions (continued)

Gross Market Revenue (GMR) Forecast

Gross Market Revenue (GMR) Forecast by Region

GMR Forecast Analysis

Pricing Trends and Forecast Analysis

Public Transport Maturity Index

Zero-carbon Deadlines Driving Government Focus on Public Transport

Pressure to Meet the Zero-carbon Deadlines

Competitive Environment

Key Elements of the Evolving Public Transport Landscape

Key Trends Defining the Public Transport Market

Digitization of Public Transport Ticketing

DRT Technology and Public Transport—A Promising Duo

Global Transport Electrification Projects

Evolving Toward Urban Mobility Operating Systems

Integrated Mobility and Public Transport

Accessibility and Inclusivity of Public Transport

Growth Metrics

Gross Market Revenue (GMR) Forecast

Forecast Analysis

European Strategies for Encouraging Public Transportation

Competitive Benchmarking

Competitive Benchmarking (continued)

Case Study—TfL: Increasing Modal Share

Growth Metrics

Gross Market Revenue (GMR) Forecast

Forecast Analysis

North American Strategies for Encouraging Public Transportation

Competitive Benchmarking

Competitive Benchmarking (continued)

Case StudyNew York

Growth Metrics

Gross Market Revenue (GMR) Forecast

Forecast Analysis

APAC Strategies for Encouraging Public Transportation

Competitive Benchmarking

Competitive Benchmarking (continued)

Case Study—TfNSW Australia: Integrated Mobility

Growth Metrics

Gross Market Revenue Forecast

Forecast Analysis

Key Strategies for Encouraging Public Transportation

Competitive Benchmarking

Case Study—TransMilenio, Bogota: Modern Bus System

Growth Opportunity 1—Investment in Infrastructure

Growth Opportunity 1—Investment in Infrastructure (continued)

Growth Opportunity 2—Push for Electric and Alternative Fuel Vehicles

Growth Opportunity 2—Push for Electric and Alternative Fuel Vehicles (continued)

Growth Opportunity 3—Technology Convergence and Stakeholder Collaboration

Growth Opportunity 3—Technology Convergence and Stakeholder Collaboration (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Public transportation plays a crucial role in addressing the challenges of urban mobility, sustainability, and connectivity. Across the world, various emerging trends are shaping the future of public transportation systems. This study explores some of these key trends, highlighting their potential impact on transportation networks and the overall passenger experience. One prominent trend is the integration of technology and data-driven solutions. Intelligent transportation systems are being adopted to optimize operations, improve service reliability, and enhance the overall efficiency of public transportation. Real-time passenger information systems, mobile apps, and smart ticketing solutions enable travelers to access up-to-date information, plan their journeys, and seamlessly pay for fares. Cutting-edge technologies, such as artificial intelligence, data analytics, and the Internet of Things (IoT), are revolutionizing the transportation landscape by optimizing it and enabling a more connected and efficient mobility ecosystem. Another important trend is the focus on sustainability and electrification. With increasing concerns about climate change and air pollution, public transportation systems are transitioning towards greener and more sustainable options. Electrification of buses and trains, along with the integration of shared mobility services, such as micromobility sharing and DRT, provides additional eco-friendly transportation options. Mobility-as-a-Service (MaaS) is also gaining traction. Through a single app or platform, travelers can plan, book, and pay for their entire journey, combining multiple modes such as public transport, ride sharing, bike sharing, and even micromobility options. MaaS holds the potential to enhance the overall travel experience, increase ridership, and reduce private car usage by offering personalized, on-demand transportation solutions. Consumer preferences are shifting towards mobility options that offer flexibility and personalized experiences.--BEGIN PROMO--

Research Scope

This study is focused on analyzing the key trends shaping the public transport landscape across North America, Europe, APAC, and Rest of World which includes UAE, South Africa, and LATAM. The public transport market is estimated to exceed $540 billion by 2030, driven by advancements in technology, sustainability goals, passenger-centric approaches, and collaborative efforts. The integration of technology, sustainable practices, and MaaS platforms are reshaping the way people travel, making public transportation more efficient, accessible, and environment friendly.

Research Highlights

  • Strategic imperatives and growth environment
  • Key industry drivers and challenges
  • Competitive benchmarking of the public transport operators in each region

Key Issues Addressed

  • What are the key trends that will drive the public transport landscape?
  • The size of the public transport market at a global and a regional level
  • What strategies can make public transport successful?
  • Key elements of an evolving public transport landscape?

Author: Chanchal Jetha

 

More Information
Deliverable Type Market Research
Author Chanchal Jetha
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Transit Industry Growth
Keyword 2 Public Transport Market Research
Keyword 3 Mobility As A Service (Maas)
Podcast No
WIP Number MH02-01-00-00-00