Global Transit And Ground Passenger Transport Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Commuter Rail & Public Bus Services, Taxi & Limousine Services, School & Employee Bus Services, Charter Bus Services, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn584772094 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Transit And Ground Passenger Transport Market (USD Million), 2021 - 2031

In the year 2024, the Global Transit And Ground Passenger Transport Market was valued at USD 769,752.95 million. The size of this market is expected to increase to USD 1,500,030.73 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.0%.

The global transit and ground passenger transport market is a vital component of the transportation sector, facilitating the movement of people within and between urban centers, rural areas, and across borders. This market encompasses various modes of passenger transport, including buses, coaches, trains, trams, and other ground-based transit systems, serving commuters, tourists, and travelers for both short and long-distance journeys. Transit and ground passenger transport play a crucial role in providing accessible, affordable, and efficient mobility solutions, contributing to economic development, social connectivity, and environmental sustainability in communities worldwide.

The global transit and ground passenger transport market have witnessed significant evolution and innovation driven by technological advancements, changing consumer preferences, and environmental concerns. Transit operators and transportation authorities are increasingly embracing digitalization, electrification, and automation to enhance service quality, reliability, and sustainability. This includes the adoption of electric buses and trains, the integration of real-time passenger information systems, the implementation of contactless payment solutions, and the deployment of intelligent transportation systems (ITS) to optimize route planning and fleet management.

COVID-19 pandemic has accelerated shifts in the transit and ground passenger transport market, prompting operators to prioritize passenger safety, hygiene, and social distancing measures. This has led to the adoption of enhanced cleaning protocols, capacity limitations, and the development of flexible scheduling and on-demand transit services to adapt to changing passenger demand and travel patterns. As the world emerges from the pandemic, the transit and ground passenger transport market is expected to continue evolving, with a renewed focus on resilience, sustainability, and the integration of innovative technologies to meet the evolving needs of passengers and communities.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Region
  4. Global Transit And Ground Passenger Transport Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Population Growth
        2. Increasing Traffic Congestion
        3. Government Investment in Public Transportation
        4. Environmental Concerns
      2. Restraints
        1. Infrastructure Limitations
        2. High Operating Costs
        3. Competition from Ride-Sharing Services
        4. Public Perception and Trust Issues
      3. Opportunities
        1. Integration of Mobility-as-a-Service (MaaS) Solutions
        2. Expansion into Emerging Markets
        3. Technological Innovations in Autonomous Vehicles
        4. Sustainable Transport Initiatives
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Transit And Ground Passenger Transport Market, By Type, 2021 - 2031 (USD Million)
      1. Commuter Rail & Public Bus Services
      2. Taxi & Limousine Services
      3. School & Employee Bus Services
      4. Charter Bus Services
      5. Others
    2. Global Transit And Ground Passenger Transport Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Transport For London
      2. Metropolitan Transportation Authority
      3. MTR Corporation
      4. Guangzhou Metro
      5. Madrid Metro
  7. Analyst Views
  8. Future Outlook of the Market