Urban Bus and Tramway Transport in Australia - Industry Market Research Report
Description
Urban Bus and Tramway Transport in Australia
Firms in the Urban Bus and Tramway Transport industry operate buses and trams for passenger transport along regular routes on set schedules. These services tend to be concentrated in metropolitan areas. Trading conditions have varied over the past few years; the COVID-19 outbreak sparked work-from-home restrictions and lockdowns, which limited the industry's performance. Passenger numbers fell in response, but public transport's necessity as an essential service kept many urban bus and tram routes operating throughout the lockdown periods, which limited their influence on revenue. The total number of employees in the workforce has been climbing, broadening demand for buses and trams. While the number of motor vehicles has also risen, fuel prices have lifted in response to sharp rises in the world price of crude oil over the past two years. This factor has made it more expensive for people to drive private motor vehicles, causing many people to opt for public transport instead of driving. Revenue is expected to climb at an annualised 3.1% over the five years through 2022-23, to reach $6.8 billion. This trend includes a fall of 1.3% in the current year – demand has grown in favour of trains in some regions, and trains are not included in the industry.
Industry firms primarily operate urban buses and tramways for passenger transport over regular routes on set schedules, mainly in metropolitan areas.
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.
Firms in the Urban Bus and Tramway Transport industry operate buses and trams for passenger transport along regular routes on set schedules. These services tend to be concentrated in metropolitan areas. Trading conditions have varied over the past few years; the COVID-19 outbreak sparked work-from-home restrictions and lockdowns, which limited the industry's performance. Passenger numbers fell in response, but public transport's necessity as an essential service kept many urban bus and tram routes operating throughout the lockdown periods, which limited their influence on revenue. The total number of employees in the workforce has been climbing, broadening demand for buses and trams. While the number of motor vehicles has also risen, fuel prices have lifted in response to sharp rises in the world price of crude oil over the past two years. This factor has made it more expensive for people to drive private motor vehicles, causing many people to opt for public transport instead of driving. Revenue is expected to climb at an annualised 3.1% over the five years through 2022-23, to reach $6.8 billion. This trend includes a fall of 1.3% in the current year – demand has grown in favour of trains in some regions, and trains are not included in the industry.
Industry firms primarily operate urban buses and tramways for passenger transport over regular routes on set schedules, mainly in metropolitan areas.
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
46 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
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
