The Europe Public Transportation Market would witness market growth of 4.9% CAGR during the forecast period (2022-2028).
Several-use tickets permit one to travel on multiple occasions. In addition to return tickets, this includes period cards enabling travel within a set region (such as month cards) or a specified number of trips or days that can be selected within a longer period (called carnet tickets). Typically, tourist passes that provide free or cheap access to several tourist attractions also include free public transportation inside the city.
Period tickets can be purchased for a specific route (in both directions) or the whole network. Particular social segments, such as students, the elderly, children, employees (job tickets), and the physically disabled, are occasionally awarded a free transit pass that permits unrestricted travel inside a system for free. Zero-fare public transportation systems are supported entirely by methods other than passenger fares, typically through substantial subsidies or corporate sponsorship.
Several mid-sized European cities and numerous smaller communities throughout the globe have switched their entire bus networks to free service. Tallinn is the only European capital city with free public transportation. Local free shuttles and inner-city loops are far more prevalent than citywide networks. There are also free airport circulators and transit networks at universities.
In Germany, the proportion of commuters using public transportation increased the most, from roughly 13% in 1993 to 16% in 2008. In Canada and Australia, the mode share of public transport has increased somewhat over the past two decades, whereas it has decreased in Ireland. The percentage of American employees who commute by public transportation has remained virtually unchanged at around 5%, a third as high as the percentage in Germany.
The Germany market dominated the Europe Public Transportation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $17,638.2 million by 2028. The UK market is anticipated to grow at a CAGR of 4.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.7% during (2022 - 2028).
Based on Mode Type, the market is segmented into Road, Rail and Others. Based on Ticket Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Public Transportation Market will Hit $285.7 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BC Transit Corporation, Transport International Holdings Limited, Brussels Intercommunal Transport Company, Metrolink, Transdev Group SA (Caisse des Dépôts et Consignations), Tobu Railway Co., Ltd., and Trenitalia c2c Limited.
By Mode Type
By Ticket Distribution Channel
By Country
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