Public Transportation in the US - Industry Market Research Report
- May 2017
- 35 pages
On schedule: Falling unemployment rates and continued government support will benefit industry operators
Public Transportation in the US
The Public Transportation industry performed well over the five years to 2017. Fare increases across major lines have helped spur an increase in fare-generated revenue. However, ridership slightly decreased since 2012 as cheap gas prices, a strong economy and new alternatives have made private transportation more affordable. Over the next five years, the industry is anticipated to perform admirably. Positive trends that benefited industry operators over the previous five years are projected to continue helping public transportation operators. Continued government support, indicated by increasing federal funds for transportation, will help keep revenue growth stable.
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.