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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry Analysis Chapter

The Public Transportation industry benefited from volatile fuel costs and an increase in federal funding for transportation over the five years to 2015. Industry demand is heavily dependent on commuter activity, which has been growing as the unemployment rate decreases. Under these conditions, the industry is expected to experience annualized revenue growth of 1.3% to $64.2 billion in the five years to 2015. During this period, industry growth has been driven by an increase in ridership coupled with a rise in federal funding for transportation. Uncertain fuel costs, coupled with a falling unemployment rate, are forecast to spur commuters to use public transportation; as a result, revenue is estimated to increase 0.8% in 2015... 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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