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Public Transportation in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Public Transportation Market Research Report | NAICS 48511 | Feb 2015

In transit: Falling unemployment rates and continued government support will benefit industry operators

IBISWorld’s Public Transportation market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$64bn
Annual Growth 10-15
1.3%
Annual Growth 15-20
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Profit
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Employment
397,580
Businesses
4,811
Industry Analysis & Industry Trends

In the past five years, demand for public transportation has been driven by rising fuel costs and more Americans moving away from rural areas into urban centers, forcing many people to switch from commuting with their cars to cheaper public transportation. Additionally, higher government funding has allowed for the expansion of energy-efficient transportation services. Over the next five years, industry growth will be driven by a couple factors, including continued increases in government funding for transportation and a rise in domestic trips taken by US residents. These trends will ultimately lead to a rise in ridership, helping to increase fare-generated revenue for industry operators... purchase to read more

Industry Report - Starting a New Business Chapter

The Public Transportation industry has a high level of barriers to entry. State and local governments are responsible for the provision of public transportation systems. Nearly all systems within the industry are government owned, although in some instances governments may tender out services to the private sector (although outsourcing is currently minimal). On average, fare revenue earned by the major urban transportation systems makes up about a third of spending needs, so the majority of costs are met by public sector subsidies. Local, state and Federal governments all contribute to meet current and all capital spending needs.

There are severe resource constraints for public transportation systems which are reliant upon fixed guide ways such as rail lines... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Public Transportation Industry?

Public transportation agencies primarily operate regional passenger transportation systems with regular routes and fixed schedules. The industry does not include taxis and limousines (IBISWorld report 48533), charter buses (48522), ferry boats (48311) or school and employee buses (48541).

Industry Products
BusCommuter RailHeavy RailLight RailTrolley Cars
 
Industry Activities
Operating heavy rail systems (e.g. metro, subway, rapid transit or rapid rail)Operating light rail systems (e.g. streetcar, tramway or trolley)Operating cable car systemsOperating monorail transit systems Operating tramway systemsOperating commuter transit systemsOperating suburban and urban bus servicesOperating commuter and local bus operationsOperating suburban and urban transit systemsOperating mixed mode transit systems (e.g. bus, commuter rail and subway combinations)


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