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Growth Opportunities in the Evolving Public Transport Landscape, 2030
Digitization, Integrated Mobility, and Equity to Ensure Future Growth Potential of $542.2B by 2030
14-Aug-2023
North America
Market Research
MH02-01-00-00-00
TEMP_2023_81
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
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
List of Figures
- Public Transport: Growth Metrics, Global, 2022
- Public Transport: Growth Drivers, Global, 2023-2030
- Public Transport: Growth Restraints, Global, 2023-2030
- Public Transport: Gross Market Revenue (GMR) Forecast, Global, 2022-2030
- Public Transport: Gross Market Revenue (GMR) Forecast by Region, Global, 2022-2030
- Public Transport: Maturity Index, Global, 2022-2030
- Public Transport: City Goals, Global, 2022
- Public Transport: Growth Metrics, Europe, 2022
- Public Transport: Gross Market Revenue (GMR) Forecast, Europe, 2022-2030
- Public Transport: Competitive Benchmarking, Europe, 2022
- Public Transport: Growth Metrics, North America, 2022
- Public Transport: Gross Market Revenue (GMR) Forecast, North America, 2022-2030
- Public Transport: Competitive Benchmarking, North America, 2022
- Public Transport: Growth Metrics, APAC, 2022
- Public Transport: Gross Market Revenue (GMR) Forecast, APAC, 2022-2030
- Public Transport: Competitive Benchmarking, APAC, 2022
- Public Transport: TfNSW, Australia, 2022
- Public Transport: Growth Metrics, RoW, 2022
- Public Transport: Gross Market Revenue (GMR) Forecast, RoW, 2022-2030
- Public Transport Network: Key Strategies, RoW, 2022
- Public Transport: Competitive Benchmarking, RoW, 2022
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