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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

The Public Transportation market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 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

 


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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