Public Transportation in the US
The Public Transportation industry performed well over the five years to 2018. Fare increases across major lines have helped spur an increase in fare-generated revenue. However, ridership slightly decreased since 2013 as gas has become more affordable, the economy has strengthened and new alternatives have made private transportation more affordable. Over the next five years, the industry is expected to continue growing, albeit at a slower rate. Positive trends that benefited industry operators over the previous five years are projected to continue helping public transportation operators.
Public transportation agencies primarily operate regional passenger transportation systems with regular routes and fixed schedules. The industry does not include taxis and limousines (IBISWorld report 48533), charter buses (48522), ferry boats (48311) or school and employee buses (48541).
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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