North America Public Transportation Market Size & Outlook
The public transportation market in North America is expected to reach a projected revenue of US$ 47,592.4 million by 2030. A compound annual growth rate of 7% is expected of North America public transportation market from 2024 to 2030.
North America public transportation market highlights
The North America public transportation market generated a revenue of USD 29,650.9 million in 2023.
The market is expected to grow at a CAGR of 7% 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.
Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
Market revenue in 2023
USD 29,650.9 million
Market revenue in 2030
USD 47,592.4 million
Growth rate
7% (CAGR from 2023 to 2030)
Largest segment
Offline
Fastest growing segment
Online
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
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, North America region accounted for 13.2% of the global public transportation market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 173,438.5 million by 2030.
Public Transportation plays a vital role in the everyday activities of people across North America, providing access to schools, jobs, markets, healthcare, and others. There is an increased demand for affordable public transportation owing to the lesser accessibility and high cost of transportation in the region.
In recent years, the present government has planned a series of investments to provide access to affordable and accessible transportation facilities.
North America 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 82.41% in 2023.
Horizon Databook has segmented the North America public transportation market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
Public Transportation plays a vital role in the everyday activities of people across North America, providing access to schools, jobs, markets, healthcare, and others. There is an increased demand for affordable public transportation owing to the lesser accessibility and high cost of transportation in the region.
In recent years, the present government has planned a series of investments to provide access to affordable and accessible transportation facilities.
North America Public Transportation Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
Online
Offline
North America 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 continent-level data and insights on the North America Public Transportation Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Public Transportation Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Public Transportation Market, 2018-2030 (US$M)