PUBLISHER: The Business Research Company | PRODUCT CODE: 1680397
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680397
Commuter rail and public bus services are modes of transportation that operate local and suburban ground passenger transit systems using multiple modes of transport over regular routes and schedules within a metropolitan area and its adjacent nonurban areas. These services are often characterized by reduced fares, multiple rides, and commuter tickets, and are commonly utilized by passengers during the morning and evening peak periods.
The main types of services within the commuter rail and public bus services market include commuter rail services (such as metro and MMTS) and public bus services. Commuter rail services typically involve reduced fares, multiple rides, and commuter tickets, catering to passengers during peak morning and evening periods. The market is further segmented by distance into long-distance and short-distance, and by application into adults and children.
The commuter rail and public bus services market research report is one of a series of new reports from The Business Research Company that provides commuter rail and public bus services market statistics, including commuter rail and public bus services industry global market size, regional shares, competitors with a commuter rail and public bus services market share, detailed commuter rail and public bus services market segments, market trends and opportunities, and any further data you may need to thrive in the commuter rail and public bus services industry. This commuter rail and public bus services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The commuter rail and public bus services market size has grown strongly in recent years. It will grow from $445.34 billion in 2024 to $489.87 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to increased urbanization, traffic congestion, environmental concerns, economic development, fuel price fluctuations, population density.
The commuter rail and public bus services market size is expected to see strong growth in the next few years. It will grow to $689.35 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to growing urban mobility solutions, electric and sustainable public transit, smart cities initiatives, flexible transit services, fare integration. Major trends in the forecast period include integration of contactless payment systems, real-time passenger information systems, mobility as a service (MAAS) integration, bus lane priority systems, enhanced accessibility features.
The growth of the commuter rail and public bus service markets is supported by the stable economic growth anticipated in many developed and developing nations. The International Monetary Fund (IMF) forecasts global GDP growth of 3.3% in 2020 and 3.4% in 2021. Furthermore, in January 2023, the Bureau of Economic Analysis (BEA), a U.S.-based government agency, reported that the price index for gross domestic purchases rose by 6.8% in 2022, compared to a 4.2% increase in 2021. Recovering commodity prices, following a significant drop in the prior period, are expected to further support market growth. Developed economies are also projected to show stable growth throughout the forecast period, while emerging markets are expected to grow slightly faster than developed markets. This stable economic growth is likely to boost investments in end-user markets, thereby driving the market forward during the forecast period.
The rising demand for transportation is anticipated to drive the growth of the commuter rail and public bus services market in the future. Transportation involves the movement of individuals and goods between various locations using different modes of conveyance. Commuter rail and public bus services cater to millions of individuals, helping them reach their destinations while also promoting a more environmentally friendly ecosystem. For instance, in November 2022, the Bureau of Transportation, a U.S. department of transportation, reported a 9.2% increase in transportation demand in the United States, marking the largest year-over-year rise. Therefore, the growing demand for transport is fueling the expansion of the commuter rail and public bus services market.
Many bus service providers are introducing hybrid buses. Traditional diesel-powered buses release CO2 emissions, while hybrid buses utilize alternative fuels or a combination of fuel and electricity, offering a more environmentally friendly option without the heavy investment required for electric buses. Hybrid buses contribute to fuel economy improvements, with approximately 40% better fuel efficiency compared to standard diesel coaches and nearly 90% better than compressed natural gas buses. Key players in hybrid bus manufacturing include Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, and Jinlong.
Innovation remains a focal point for major companies in the commuter rail and public bus services market, with the introduction of new products such as SunRunner aimed at enhancing profitability. The SunRunner, a bus rapid transit route with 16 stops connecting Downtown and St. Pete Beach, was launched by the Tampa Bay Area Regional Transit Authority in July 2023. Notably, the service will offer free rides for the initial six months, showcasing a commitment to innovation and service expansion in the market.
Major companies operating in the commuter rail and public bus services market include Deutsche Bahn AG, Metropolitan Transportation Authority Corporation, The East Japan Railway Company, Guangzhou Public Transport Group, The West Japan Railway Company, The Central Japan Railway Company, Transport for London (TFL), Keolis Group, Transdev SA, Nanjing Public Transport Group, RATP Group, Transport International Holdings Limited, FirstGroup PLC, MTR Corp.Ltd., Go-Ahead Group, Arriva plc, ComfortDelGro Corporation, National Express Group, Kyushu Railway Company, Stagecoach Group plc, SBS Transit Ltd., SMRT Corporation, Shanghai Shentong Metro Group, Wuhan Metro Group, The Kowloon Motor Bus Company Limited, Beijing Public Transport Holdings Co.Ltd., Shenzhen Bus Group, Hangzhou Public Transport Group, Suzhou Public Transport Group, Chengdu Public Transport Group, Xi'an Public Transport Group
Western Europe was the largest region in the commuter rail and public bus services market in 2024. Asia-Pacific was the second largest region in the commuter rail and public bus services market. The regions covered in the commuter rail and public bus services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the commuter rail and public bus services market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The commuter rail and public bus services market includes revenues earned by entities by transporting goods and people with less traffic congestion to enhance productivity and reduce operational costs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Commuter Rail And Public Bus Services Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on commuter rail and public bus services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for commuter rail and public bus services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The commuter rail and public bus services market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.