Overview

On schedule: 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 Threats & Opportunities

  • Government subsidies and rising commuter activity will lead to stable revenue growth
  • Government subsidies and funding for transportation remained strong
  • Public transportation is a driver of economic growth

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    Industry Analysis & Industry Trends

    The Public Transportation industry performed well over the five years to 2017. Fare increases across major lines have helped spur an increase in fare-generated revenue. However, ridership slightly decreased since 2012 as cheap gas prices, a strong economy and new alternatives have made private transportation more affordable. Over the next five years, the industry is anticipated to perform admirably. Positive trends that benefited industry operators over the previous five years are projected to continue helping public transportation operators. Continued government support, indicated by increasing federal funds for transportation, will help keep revenue growth stable...

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    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 2017. Under these conditions, industry revenue is expected to grow an annualized 2.6% during the period, including a 5.0% rise in 2017 to $71.6 billion, largely due to an expected 8.4% increase in federal government funding. Over the past five years, industry growth has been driven by fare increases and increases in federal funding for transportation.

    Federal funding

    Unlike traditional private industries, profit margins are not strong indicators of industry performance since the majority of public transportation systems are heavily subsidized by federal, state and local governments. Con..

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    Additional Insights for the Public Transportation Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Public Transportation Industry are

  • Maintenance of excellent customer relations
  • Must comply with government regulations
  • Ability to take advantage of government subsidies and other grants
  • IBISWorld analysts also discuss how external factors such as Federal funding for transportation and Urban population in the Public Transportation industry impact industry performance..

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    Industry Products

    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
    Bus
    Commuter Rail
    Heavy Rail
    Light-rail
    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 systems
    Operating monorail transit systems
    Operating tramway systems
    Operating commuter transit systems
    Operating suburban and urban bus services
    Operating commuter and local bus operations
    Operating suburban and urban transit systems
    Operating mixed mode transit systems (e.g. bus, commuter rail and subway combinations)

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for transportation
  • Urban population
  • National unemployment rate
  • World price of crude oil
  • Domestic trips by US residents

  • Current Performance
  • Federal funding
  • Ridership trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Broad economic impact
  • Urban growth
  • Green technology
  • Travel time
  • Table: Public Transportation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Public Transportation Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Fuel Dealers
  • Rail Maintenance Services
  • Train, Subway & Transit Car Manufacturing
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Bus
  • Heavy Rail
  • Commuter Rail
  • Light-rail
  • Other
  • Chart: Public Transportation Industry Products and Services Segmentation

  • Demand Determinants
  • Population change
  • Income distribution and economic growth
  • Consumer preferences
  • Federal funding

  • Major Markets
  • Passengers aged 25 to 34
  • Passengers aged 35 to 44
  • Passengers aged under 25
  • Passengers aged 45 to 54
  • Passengers aged 55 to 64
  • Passengers aged 65 and older
  • Chart: Major Market Segmentation for the Public Transportation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Public Transportation

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Public Transportation Industry

  • Industry Globalization
    Major Companies
    New York City Transit AuthorityLos Angeles County Metropolitan Transportation Authority
  • Table: New York City Transit Authority - financial performance
  • Table: Los Angeles County Metropolitan Transportation Authority - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Public Transportation Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Public Transportation Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Federal Funding for Transportation (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Heavy Rail
  • A mode of transit service often referred to as a metro, subway, rapid transit or rapid rail system.
  • Light-Rail
  • A streetcar, tramway or trolley that travels on fixed rails and is often separated from other traffic for part or much of the way.
  • Trolley Bus
  • A mode of transit service that uses vehicles propelled by a motor that is powered by overhead electrical wires.
  • Unlinked Passenger Trips
  • The number of times passengers board public transit vehicles. Passengers are counted each time they board a vehicle, regardless of the number of vehicles that are used for each trip.
  • Vanpool
  • A prearranged ridesharing program that uses vans and small buses to provide round trip transportation service between prearranged boarding points and a common destination.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Public Transportation:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Public Transportation market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Public Transportation, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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