Public Transport in Australia - Industry Market Research Report
Description
Public Transport in Australia - Industry Market Research Report
Public Transport in Australia
Public transport services offer a cost-effective, convenient, safe and mostly environmentally friendly travel option to the general public. Prior to the pandemic passenger numbers were growing strongly as the population increased, particularly in Sydney and Melbourne, while public transport fares also expanded. However, travel patterns changed drastically during the pandemic in response to social distancing and lockdown measures, which greatly limited passenger numbers, negatively affecting demand for public transport. Nevertheless, this has had a minor effect on revenue, as a substantial portion of revenue is received from government funding. Overall, revenue for public transport providers is expected to rise at an average of 1.4% per year over the five years through 2022-23, reaching $32.1 billion. This includes an anticipated increase of 2.1% in 2022-23, partly due to the recovery in passenger numbers as COVID-19 related restrictions have been eased.
Industry firms provide scheduled train, tram, ferry and bus services to and from predetermined locations to the general public. Industry operators are overseen by, and receive significant funding from, state or territory governments. The industry excludes sightseeing services, ride-sharing services and taxis.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Public Transport in Australia
Public transport services offer a cost-effective, convenient, safe and mostly environmentally friendly travel option to the general public. Prior to the pandemic passenger numbers were growing strongly as the population increased, particularly in Sydney and Melbourne, while public transport fares also expanded. However, travel patterns changed drastically during the pandemic in response to social distancing and lockdown measures, which greatly limited passenger numbers, negatively affecting demand for public transport. Nevertheless, this has had a minor effect on revenue, as a substantial portion of revenue is received from government funding. Overall, revenue for public transport providers is expected to rise at an average of 1.4% per year over the five years through 2022-23, reaching $32.1 billion. This includes an anticipated increase of 2.1% in 2022-23, partly due to the recovery in passenger numbers as COVID-19 related restrictions have been eased.
Industry firms provide scheduled train, tram, ferry and bus services to and from predetermined locations to the general public. Industry operators are overseen by, and receive significant funding from, state or territory governments. The industry excludes sightseeing services, ride-sharing services and taxis.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
37 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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