India Public Transportation Market Size & Outlook, 2023-2030
India Public Transportation Market, 2018-2030 (US$M)
Global Market
Related Markets
India public transportation market highlights
- The India public transportation market generated a revenue of USD 22,504.5 million in 2023 and is expected to reach USD 43,389.2 million by 2030.
- The India market is expected to grow at a CAGR of 9.8% 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 22,504.5 million |
| Market revenue in 2030 | USD 43,389.2 million |
| Growth rate | 9.8% (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, India accounted for 10.1% 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.
India is one of the most populated countries in the world. Moreover, the increasing urbanization, traffic congestion, consumer preference toward buying their own vehicles, and the growing number of dual-income families have increased the burden of roads and private transportation in India.
The concerns related to the higher cost of hiring private cabs and taxis, long waiting hours, and traffic situations in cities such as Delhi, Mumbai, and Bangalore are prompting the need for better public transportation in India.
Thus, the government in the country is taking initiatives to develop sustainable, fast, reliable, and affordable public transport mediums, which are propelling the growth of the public transportation market in India.
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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 |
India 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 82.26% in 2023.
Horizon Databook has segmented the India public transportation market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
India is one of the most populated countries in the world. Moreover, the increasing urbanization, traffic congestion, consumer preference toward buying their own vehicles, and the growing number of dual-income families have increased the burden of roads and private transportation in India.
The concerns related to the higher cost of hiring private cabs and taxis, long waiting hours, and traffic situations in cities such as Delhi, Mumbai, and Bangalore are prompting the need for better public transportation in India.
Thus, the government in the country is taking initiatives to develop sustainable, fast, reliable, and affordable public transport mediums, which are propelling the growth of the public transportation market in India.
- India Public Transportation Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Online
- Offline
- India 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 India Public Transportation Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Public Transportation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Public Transportation Market, 2018-2030 (US$M)
India public transportation market statistics, by distribution channel, 2018-2030 (US$M)
