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 Key Buyers Chapter
The Public Transportation industry is heavily subsidized by federal, state and local agencies, so industry revenue is not a strong statistic for determining market share concentration. Instead, it is more appropriate to look at ridership rates, as this properly highlights public transit use. The top three public transit systems in the US based on unlinked passenger trips are MTA New York City Transit (NYCT), Chicago Transit Authority (CTA) and Los Angeles Country Metropolitan Transit Authority (LACMTA). Together these three authorities account for about 41.5% of US unlinked passenger trips, according to the American Public Transportation Association.
At the same time, the majority of public transit systems are mainly located in densely populated urban areas... purchase to read more