Companies in this industry operate buses, trains, and other local and suburban passenger transit systems within cities and adjacent nonurban areas. Major companies include Beijing Subway, East Japan Railway (Tokyo), Metropolitan Transportation Authority (New York), Mexico City Metro, Moscow Metro, MTR Corporation (Hong Kong), Paris Metro, and Seoul Metro.
Demand is driven by population growth in metropolitan areas. The profitability of individual companies depends on efficient operations. Large companies have advantages in absorbing large operational and capital costs. Small companies can compete effectively by entering new markets. The US industry is highly concentrated: the 50 largest companies generate about 90% of the industry's revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
The urban transit system industry includes companies that provide commuter rail, urban and suburban bus, and mixed mode transportation services. It includes operators of light rail, subway, streetcars, cable cars, tramways, trollies, and monorails. Services are offered over regular routes and on regular schedules within a metropolitan area and adjacent nonurban areas.