Public Transportation in Canada
Participants in the Public Transportation industry in Canada operate passenger transit systems over fixed routes and regular schedules within a metropolitan area. Transportation systems involve multiple modes of transportation, including subways, streetcars and buses. Most routes transport individuals over short distances for relatively inexpensive fares. Due to the high capital costs associated with running a large public transportation system, most industry operators rely on government subsidies. As a result, government funding is a key driver of industry revenue. In addition to government funding, ridership rates fuel industry revenue. Over the five years to 2024, IBISWorld expects government funding and ridership rates to continue increasing, positively affecting industry revenue.
This industry operates local and suburban passenger transit systems. This includes light rail, subways, streetcars and buses. These establishments operate with fixed routes and schedules and enable passengers to pay on a per-trip basis, whether or not they also accept payment methods such as monthly passes.
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.
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