Public transport and Railways Market Trends and Market Analysis forecasted for period 2024-2031

The "Public transport and Railways Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Public transport and Railways market is expected to grow annually by 8.3% (CAGR 2024 - 2031).

This entire report is of 142 pages.

Public transport and Railways Introduction and its Market Analysis

Public transport and Railways market research reports indicate a growing market driven by increasing urbanization, population growth, and environmental concerns. The target market includes commuters, tourists, and freight transportation. Major factors driving revenue growth include government investments in infrastructure, technological advancements, and increasing demand for sustainable transportation options. Companies like SMRT, Prasarana Malaysia Berhad, SBS Transit, Keretapi Tanah Melayu Berhad (KTMB), and MRT are actively operating in the market. The report's main findings suggest a positive outlook for the industry with recommendations for increased collaboration between public and private sectors, improved customer service, and investment in modernization and expansion of infrastructure.

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The public transport and railways market is a vital part of our daily lives, providing efficient and convenient transportation options for individuals and businesses. The market is segmented into various types such as buses, heavy rail, light rail, and trolley cars, catering to personal and company transportation needs. Regulatory and legal factors play a significant role in shaping market conditions, ensuring safety, fair competition, and adherence to standards. Governments set regulations for route networks, fares, service quality, and environmental standards to ensure the smooth operation of public transport services. Companies in the market must comply with these regulations to operate and compete effectively in the industry. Overall, the public transport and railways market is a crucial component of urban infrastructure, facilitating the movement of people and goods while contributing to economic development and sustainability.

Top Featured Companies Dominating the Global Public transport and Railways Market

The public transport and railways market is highly competitive with several key players operating in the space. Some of the major companies in this market include SMRT Corporation Ltd, Prasarana Malaysia Berhad, SBS Transit Ltd, Keretapi Tanah Melayu Berhad (KTMB), and Mass Rapid Transit Corporation Sdn Bhd (MRT Corp).

SMRT Corporation Ltd is a leading multi-modal public transport operator in Singapore, offering a wide range of services including bus, rail, and taxi. Prasarana Malaysia Berhad operates public transportation services in Malaysia, including buses, light rail transit, and monorail systems. SBS Transit Ltd is another prominent player in the public transport market in Singapore, providing bus and rail services.

KTMB is the main railway operator in Malaysia, offering intercity and commuter rail services. MRT Corp is responsible for the planning, construction, and operation of mass rapid transit systems in Malaysia, including the Kuala Lumpur Mass Rapid Transit (KLMRT) project.

These companies play a crucial role in growing the public transport and railways market by providing safe, reliable, and efficient transportation services to commuters. They invest in the upgrading of infrastructure, technology, and service offerings to enhance the overall travel experience for passengers. By continuously improving their operations and expanding their network coverage, these companies contribute to the overall growth and development of the public transport and railways market.

In terms of sales revenue, SMRT Corporation Ltd reported a total revenue of S$ billion in 2020, while SBS Transit Ltd reported revenue of S$1.2 billion in the same year. Prasarana Malaysia Berhad reported revenue of RM2.3 billion in 2020.

• SMRT
• Prasarana Malaysia Berhad
• SBS Transit
• Keretapi Tanah Melayu Berhad (KTMB)
• MRT

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Public transport and Railways Market Analysis, by Type:

• Bus
• Heavy Rail
• Light Rail
• Trolley Cars

Public transport and railways include various modes such as buses, heavy rail, light rail, and trolley cars. Buses are affordable and flexible, catering to a wide range of passengers. Heavy rail provides high-speed services in urban areas. Light rail offers quick, efficient transportation within cities. Trolley cars provide historic charm and environmentally-friendly options. These modes help boost demand in the public transport and railway market by providing efficient, cost-effective, and environmentally friendly options for commuters. They also reduce traffic congestion and pollution, making them an attractive choice for both individuals and governments looking to improve transportation systems.

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Public transport and Railways Market Analysis, by Application:

• Perconal
• Company

Public transport and railways are widely used by individuals for commuting to work, school, or leisure activities. Companies also use public transport and railways for employee transportation and transporting goods. Public transport and railways provide a cost-effective and efficient means of transportation, reducing traffic congestion and pollution. One of the fastest growing application segments in terms of revenue is the use of public transport and railways for freight transportation, as businesses increasingly rely on these modes of transportation for the delivery of goods. This segment is expected to continue growing due to the increasing demand for reliable and sustainable freight transportation solutions.

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Public transport and Railways Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The public transport and railways market is experiencing significant growth in various regions. In North America, the United States and Canada are witnessing a rise in investments in public transportation infrastructure. In Europe, countries such as Germany, France, ., Italy, and Russia are focusing on expanding their railway networks. Asia-Pacific countries like China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are also investing heavily in the development of efficient public transport systems. Latin American countries such as Mexico, Brazil, Argentina, and Colombia are expected to see substantial growth in the coming years. In the Middle East & Africa, countries like Turkey, Saudi Arabia, UAE, and Korea are also making significant investments in public transport and railways.

Among these regions, Asia-Pacific is expected to dominate the market with a market share of around 40%, driven by rapid urbanization and increasing government investments in infrastructure projects. Europe is also expected to witness substantial growth, capturing a market share of approximately 25%. North America is forecasted to hold a market share of around 20%, while Latin America and the Middle East & Africa are expected to have market shares of 10% and 5%, respectively. The overall global market share of the public transport and railways market is expected to reach $300 billion by 2025.

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