China Public Transportation Market Size & Outlook, 2023-2030
China Public Transportation Market, 2018-2030 (US$M)
Global Market
Related Markets
China public transportation market highlights
- The China public transportation market generated a revenue of USD 41,618.6 million in 2023 and is expected to reach USD 73,665.6 million by 2030.
- The China market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2023.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Public transportation market data book summary
| Market revenue in 2023 | USD 41,618.6 million |
| Market revenue in 2030 | USD 73,665.6 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
| Key market players worldwide | Deutsche Bank AG, MTR Corp Ltd, Southern California Institute of Technology, Tobu Railway Co Ltd, Greater London Authority, East Japan Railway Co, Metropolitan Transportation Authority, STIB-MIVB, c2c Ltd, Rethmann AG & Co. KG |
Other key industry trends
- In terms of revenue, China accounted for 18.6% of the global public transportation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China public transportation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 43,389.2 million by 2030.
The local and state governments of China are actively promoting public transportation for commuting purposes. In over 30 cities in China, including Shaanxi, Guangzhou Hangzhou, Foshan, Zhongshan, Zhuhai, and Dongguan, in the Pearl River Delta, the local governments have planned for 100% electrification of public transit services.
For instance, in May 2019, the Chinese government introduced the Green Travel Action Plan to promote large-scale applications of green vehicles, accelerate the development of charging infrastructure, and enhance public transportation facilities.
This initiative also aimed to build a better public transportation service network across the country, enhance the integration of intercity passenger services, and optimize urban road networks.
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Public Transportation Market Scope
Public Transportation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Southern California Institute of Technology | View profile | 11-50 | Anaheim, California, United States, North America | www.scitech.edu/ |
| Deutsche Bank AG | View profile | 90,130 | Taunusanlage 12, Frankfurt am Main, HE, Germany, 60325 | www.db.com |
| MTR Corp Ltd | View profile | 33,405 | 33 Wai Yip Street, MTR Headquarters Building, GPO Box 9916, Telford Plaza, Kowloon Bay, Kowloon, Hong Kong, Hong Kong | www.mtr.com.hk |
| Tobu Railway Co Ltd | View profile | 30,055 | 1-2 1-2 Oshiage, Sumida-ku, Tokyo, Japan, 131-8522 | www.tobu.co.jp |
| Greater London Authority | View profile | 1001-5000 | London, England, United Kingdom, Europe | www.london.gov.uk/ |
| East Japan Railway Co | View profile | 93,425 | 2-2, Yoyogi 2-chome, Shibuya-ku, Tokyo, Japan, 151-8578 | www.jreast.co.jp |
| Metropolitan Transportation Authority | View profile | 10001+ | New York, New York, United States, North America | mta.info |
| STIB-MIVB | View profile | 5001-10000 | Brussels, Brussels Hoofdstedelijk Gewest, Belgium, Europe | www.stib-mivb.be |
| c2c Ltd | View profile | 501-1000 | London, England, United Kingdom, Europe | www.c2c-online.co.uk/ |
| Rethmann AG & Co. KG | View profile | 251-500 | Selm, Nordrhein-Westfalen, Germany, Europe | www.rethmann-gruppe.de |
China Public Transportation Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Public Transportation Market Outlook will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 82.21% in 2023.
Horizon Databook has segmented the China public transportation market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
The local and state governments of China are actively promoting public transportation for commuting purposes. In over 30 cities in China, including Shaanxi, Guangzhou Hangzhou, Foshan, Zhongshan, Zhuhai, and Dongguan, in the Pearl River Delta, the local governments have planned for 100% electrification of public transit services.
For instance, in May 2019, the Chinese government introduced the Green Travel Action Plan to promote large-scale applications of green vehicles, accelerate the development of charging infrastructure, and enhance public transportation facilities.
This initiative also aimed to build a better public transportation service network across the country, enhance the integration of intercity passenger services, and optimize urban road networks.
- China Public Transportation Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Online
- Offline
- China Public Transportation Market Mode Type Outlook (Revenue, USD Million , 2018-2030)
- Road
- Rail
- Other (Water, Cable car, etc)
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Horizon Databook provides a detailed overview of country-level data and insights on the China Public Transportation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Public Transportation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Public Transportation Market, 2018-2030 (US$M)
China public transportation market statistics, by distribution channel, 2018-2030 (US$M)
