Public Transportation

Global Public Transportation Market to Reach US$339.4 Billion by 2030

The global market for Public Transportation estimated at US$241.0 Billion in the year 2024, is expected to reach US$339.4 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Online, one of the segments analyzed in the report, is expected to record a 4.7% CAGR and reach US$194.5 Billion by the end of the analysis period. Growth in the Offline segment is estimated at 7.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$65.7 Billion While China is Forecast to Grow at 9.1% CAGR

The Public Transportation market in the U.S. is estimated at US$65.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$68.1 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Public Transportation Market – Key Trends & Drivers Summarized

Why Is Public Transportation More Relevant Than Ever?

Public transportation systems play a critical role in urban mobility, reducing congestion, lowering emissions, and improving economic accessibility. As cities continue to grow, the need for efficient, affordable, and sustainable transit solutions has never been greater. The expansion of metro systems, bus rapid transit (BRT), and high-speed rail networks is helping to accommodate increasing urban populations, while technological innovations are making public transit more accessible and user-friendly. Additionally, concerns over climate change have intensified efforts to promote public transportation as a key component of sustainable urban development. Governments worldwide are implementing policies to encourage transit use, including investments in electric and hydrogen-powered buses, smart ticketing systems, and integrated multi-modal transport networks.

How Is Technology Transforming Public Transportation Systems?

Advancements in digital technology have significantly improved the efficiency and reliability of public transportation. The adoption of real-time GPS tracking, contactless payment systems, and AI-powered predictive analytics has enhanced passenger convenience and operational efficiency. The rise of Mobility-as-a-Service (MaaS) platforms, which integrate multiple transportation modes into a single digital interface, is making transit more seamless and flexible. Additionally, the deployment of autonomous buses and driverless metro trains is being explored in several cities to reduce operational costs and increase safety. Electric and hydrogen-powered public transport vehicles are also gaining traction, aligning with global sustainability goals. These technological innovations are not only improving service quality but also attracting a broader user base to public transit systems.

What Factors Are Influencing Consumer Behavior in Public Transport?

Consumer preferences for public transportation are shaped by convenience, affordability, safety, and environmental consciousness. The COVID-19 pandemic temporarily reduced ridership due to health concerns, but as cities recover, transit authorities are focusing on regaining public trust through enhanced hygiene measures and digital safety initiatives. The rising cost of fuel and urban congestion are also pushing commuters to opt for public transit over personal vehicles. Additionally, an increasing number of young urban dwellers are choosing shared mobility options over car ownership, further driving demand for well-connected and efficient public transportation networks. The integration of last-mile solutions, such as e-scooters and bike-sharing services, is making public transit more accessible and appealing to a wider demographic.

What Are the Key Drivers of Growth in the Public Transportation Market?

The growth in the global public transportation market is driven by urbanization, technological advancements, and government initiatives to reduce carbon footprints. The expansion of metro and rapid transit networks in major cities, coupled with investments in smart mobility infrastructure, is boosting market growth. The increasing adoption of electric and hydrogen-powered buses, along with AI-driven fleet management solutions, is enhancing service efficiency and sustainability. Additionally, the rise of MaaS platforms is making public transit more integrated and user-friendly. As climate change concerns intensify, governments are implementing policies to discourage private vehicle use and incentivize public transit adoption. With continued innovation in transit technology and infrastructure, the public transportation market is poised for significant expansion in the coming years.

SCOPE OF STUDY:

The report analyzes the Public Transportation market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Distribution Channel (Online, Offline); Mode Type (Road, Rail, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 43 Featured) -

• Alstom
• Arriva
• Chicago Transit Authority
• China Railway Corporation
• Deutsche Bahn AG
• Didi Chuxing
• FirstGroup
• Go-Ahead Group
• Keolis
• Lyft
• Massachusetts Bay Transportation Authority (MBTA)
• MTR Corporation
• National Express Group (Mobico Group)
• Ola Cabs
• RATP Group
• Renfe Operadora
• SBS Transit
• SMRT Corporation
• Stagecoach Group
• Transdev

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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