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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 | Jul 2014

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

IBISWorld’s Public Transportation market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$63bn
Annual Growth 09-14
1.3%
Annual Growth 14-19
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Profit
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Employment
424,006
Businesses
4,973
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 - Industry Investment Chapter

The Public Transportation industry has a moderate level of capital intensity. Companies in the industry must invest in trains, buses, railways and power supplies, among other things. Industry operators typically allocate $0.24 cents of capital for every dollar of labor. Over the past five years, capital intensity has decreased slightly as revenue has increased at a faster rate than industry participants have spent on capital investment. Industry operators are continually updating and replacing fleets to keep operations running smoothly. Wages also remain an important cost as employees are needed to help operate vehicles for public transportation.

Labor expenses include wages, salaries and benefits paid to drivers, mechanics, cleaners and administrative staff... 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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