Public Transport and Railways Market Outlook

The global public transport and railways market size was valued at approximately USD 250 billion in 2023 and is projected to reach around USD 370 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5%. The increasing urbanization, rise in environmental consciousness, and significant investments in infrastructure development are pivotal factors driving the market growth.

One of the primary growth drivers for the public transport and railways market is the rapid urbanization witnessed globally. As more individuals move to urban areas, the demand for efficient and reliable public transportation systems escalates. This urban migration necessitates the development of robust transportation networks to reduce traffic congestion and provide sustainable mobility solutions. Governments worldwide are also focusing on enhancing public transportation infrastructure to address the environmental concerns associated with private vehicle usage and to support economic growth.

Environmental sustainability is another critical factor propelling the market forward. With increasing awareness about climate change and the adverse environmental impacts of fossil fuel consumption, there is a growing preference for eco-friendly transportation options. Public transport systems, especially electric and automated modes, are considered more sustainable and are being heavily promoted by both governmental and non-governmental organizations. This shift towards green transportation is expected to significantly contribute to the market's expansion over the forecast period.

Technological advancements also play a crucial role in the market's growth trajectory. Innovations in transportation technologies, such as the development of automated and electric vehicles, are revolutionizing the public transport and railways sector. These technological improvements are enhancing operational efficiency, reducing costs, and improving passenger experiences. Moreover, the integration of information technology solutions for route optimization, real-time tracking, and passenger information systems is further boosting the market's attractiveness.

The role of Railways in the public transport sector is particularly significant due to their ability to handle large volumes of passengers and freight efficiently. Railways offer a reliable and sustainable mode of transportation that is crucial for both urban and intercity travel. With advancements in railway technology, such as high-speed trains and automated systems, the efficiency and appeal of rail transport have been greatly enhanced. These innovations not only improve passenger comfort and safety but also contribute to reducing the environmental impact of transportation. As governments and organizations prioritize sustainable development, investments in railway infrastructure are expected to rise, further boosting the market's growth.

The regional outlook for the public transport and railways market indicates significant variations across different areas. Asia Pacific is expected to dominate the market due to rapid urbanization, increasing government investments in infrastructure, and a growing population. North America and Europe are also anticipated to experience substantial growth due to advancements in transportation technologies and a strong focus on sustainable development. Meanwhile, regions like Latin America and the Middle East & Africa are expected to witness moderate growth, driven by ongoing infrastructure projects and efforts to improve public transportation networks.

Mode of Transport Analysis

The public transport and railways market can be segmented by mode of transport into buses, trains, trams, ferries, and others. Buses account for a significant portion of the market due to their flexibility, cost-effectiveness, and widespread availability. They are crucial in urban areas where they serve as the main mode of transportation for millions of commuters daily. Technological upgrades like electric buses and real-time tracking systems are further enhancing their efficiency and appeal. Additionally, governments are investing in expanding bus networks and improving existing services to meet the growing demand.

Trains represent another substantial segment within the market. They are fundamental to both urban and intercity transit systems, providing a reliable and efficient means of transportation. High-speed trains and metro syste

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Public Transportation Market Size 2025-2029

The public transportation market size is forecast to increase by USD 110.9 billion at a CAGR of 6.4% between 2024 and 2029.

Increasing domestic trips for public transportation is the key driver of the public transportation market, as more people rely on efficient and affordable transport options for their daily commutes. The upcoming trend is the development of hyperloop transportation systems. With the potential to revolutionize travel, these high-speed, energy-efficient systems promise to significantly reduce travel times, offering a futuristic solution to meet growing transportation demands and contribute to sustainable urban mobility.
The market is witnessing significant growth due to several key factors. One major trend is the increasing demand for domestic trips, which is driving the need for efficient and affordable public transportation solutions. Another trend is the development of advanced transportation systems, such as hyperloop, that offer faster and more sustainable options for travel. Additionally, the availability of alternatives, such as ride-hailing services and car sharing, is pushing public transportation providers to adapt and innovate to remain competitive. 

What will be the Size of the Public Transportation Market During the Forecast Period?

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The market is experiencing significant growth due to urbanization and increasing population density. Mass transportation systems, including public buses, subways, taxis, auto rickshaws, and rail transportation, are essential in mitigating traffic congestion and reducing greenhouse gas emissions. Environmental concerns and air quality issues have led to the adoption of green technologies such as electric buses, hybrid vehicles, and high-speed trains.
Moreover, the rise of smart cities and digitization has transformed the industry, with mobility apps, third-party platforms, and ride-sharing services becoming increasingly popular. The road transportation system continues to face challenges in terms of traffic congestion and environmental impact, making public transportation an attractive alternative for commuters. The market is expected to continue growing as the need for sustainable and efficient mobility solutions becomes more pressing.

How is this Public Transportation Industry segmented and which is the largest segment?

The public transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Bus
  Metro
  Suburban rail
  Light rail transit


Distribution Channel

  Offline
  Online


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    US


  Europe

    Germany
    UK
    France


  South America

    Brazil


  Middle East and Africa

By Type Insights

The bus segment is estimated to witness significant growth during the forecast period. Public transportation, specifically bus systems, plays a crucial role in urban areas by providing an efficient, cost-effective, and flexible solution for moving people and goods. Bus transportation systems encompass various designs, services, and integration levels with other modes of transportation. The demand for fast and convenient transportation in cities, with their high volume of educational institutions and businesses, necessitates the use of high-capacity solutions like buses. Effective bus transportation is essential to the functioning of urban areas.

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The bus segment was valued at USD 168.60 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is projected to lead the global industry due to increasing urbanization, population growth, and the need for efficient transportation systems to reduce traffic and emissions from private vehicles. This region's market expansion is driven by significant investments in public transport infrastructure, rising disposable income, and the growing number of tourists. Furthermore, environmental concerns have led countries such as Japan, China, South Korea, India, and others to adopt electric buses for their public transportation systems. The increasing use of smartphones and internet connectivity also contribute to the market's growth in APAC.

Public Transportation Market Dynamics

Our public transportation m

Public Transport Market Outlook

The global public transport market size was estimated at USD 200 billion in 2023 and is projected to reach USD 350 billion by 2032, growing at a CAGR of 6.5% from 2024 to 2032. The increasing urbanization and the growing demand for efficient and sustainable transportation solutions are primary growth factors driving the market. As more people move towards urban centers, the need for reliable and extensive public transport systems becomes vital, promoting investments and developments in this sector.

One of the primary growth drivers of the public transport market is the increasing awareness and governmental policies emphasizing environmental sustainability. As emissions from personal vehicles continue to contribute significantly to urban pollution, public transport emerges as a green alternative. Governments worldwide are adopting policies and providing subsidies to promote the use of public transportation, thereby reducing the carbon footprint. Furthermore, advancements in technology, such as the integration of IoT, AI, and big data analytics, are enhancing operational efficiencies and passenger experiences, further encouraging public transport adoption.

The rising fuel prices and the economic feasibility of public transport over private vehicles also play a crucial role in the market's expansion. As fuel costs soar, maintaining private automobiles becomes financially burdensome for the average consumer. Public transport offers a cost-effective alternative, minimizing travel expenditure. Moreover, many urban areas are experiencing increased congestion, and public transport systems present a more viable solution for reducing traffic, thus saving time and improving quality of life for commuters. This economic advantage is further supported by the rising trend of shared mobility services, which integrate seamlessly with existing public transport modes.

Demographic shifts, particularly the aging population and the increasing number of working professionals, also fuel market demand. Older individuals often rely on public transport for accessibility reasons, while the working populace seeks convenient and time-saving travel options. Urban planners are increasingly considering these demographic factors in transport planning, leading to enhanced and expanded transit networks. Additionally, the shift towards smart cities is pushing the development of integrated public transport systems that are crucial for the seamless flow of urban life.

Regionally, the Asia Pacific is expected to dominate the public transport market due to rapid urbanization and economic growth in countries such as China and India. These nations are heavily investing in public transport infrastructure to support their burgeoning urban populations. Meanwhile, Europe and North America are witnessing significant technological advancements and policy initiatives aimed at modernizing existing public transport systems to make them more environment-friendly and efficient. Latin America and the Middle East & Africa are also expected to see substantial growth, driven by infrastructure development and increased investments in public transport.

Mode of Transport Analysis

The mode of transport segment in the public transport market is crucial as it encompasses the various means through which passengers are transported, including buses, trains, trams, metros, and others. Buses, being the most accessible and prevalent form, dominate the market due to their flexibility and coverage. Buses are extensively used in both urban and rural areas, offering extensive routes and frequency. The affordability and government initiatives promoting bus usage for reducing urban congestion contribute significantly to this segment's growth. Moreover, technological advancements in bus systems, such as electric and hybrid models, further enhance their appeal.

Trains and metros are central to the public transport market, especially in densely populated urban areas. These modes provide fast, reliable, and high-capacity transit solutions, making them indispensable for daily commuters in metropolitan regions. Governments are investing heavily in expanding rail networks and modernizing existing infrastructure with state-of-the-art technologies to boost efficiency and safety. The development of high-speed rail networks, particularly in Asia and Europe, highlights the segment's importance in reducing travel times and enhancing regional connectivity.

Trams are gaining popularity in urban areas due to their environmental benefits and ability to integrate w

The global public transport and railways market, valued at $68,260 million in 2025, is projected to experience robust growth, driven by increasing urbanization, rising fuel prices, and government initiatives promoting sustainable transportation. The market's Compound Annual Growth Rate (CAGR) of 14.5% from 2025 to 2033 signifies significant expansion opportunities. Key market segments include personal and company applications across bus, heavy rail, light rail, and trolley car types. Leading players like SMRT, Prasarana Malaysia Berhad, SBS Transit, Keretapi Tanah Melayu Berhad (KTMB), and MRT are shaping the market landscape through technological advancements, infrastructure development, and service improvements. Growth is particularly strong in Asia-Pacific regions like China and India, fueled by rapid economic development and substantial investments in public transportation infrastructure. However, challenges remain, including high initial infrastructure costs, operational complexities, and the need for continuous maintenance and upgrades to ensure efficient service delivery. The market will continue to evolve, with a focus on integrating smart technologies such as real-time tracking, predictive maintenance, and contactless payment systems to enhance passenger experience and optimize operational efficiency. The market segmentation reveals that the bus segment currently dominates, accounting for a larger share compared to other rail-based systems. However, the light rail and heavy rail segments are expected to witness substantial growth driven by increased demand in metropolitan areas. Technological advancements, such as the development of autonomous vehicles and the integration of smart ticketing systems, are key trends that are expected to influence future market growth. Government regulations concerning emission standards and safety protocols are also important factors to consider. The continued focus on improving infrastructure, including the construction of new lines and stations, and incorporating green initiatives to reduce the environmental footprint of public transport, will influence the market trajectory. The strategic partnerships and collaborations between public transport authorities and private sector companies will play a crucial role in driving innovation and market expansion.

The global public transport and railways market is experiencing robust growth, projected to reach $198,690 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 14.2% from 2019 to 2033. This significant expansion is driven by several key factors. Increasing urbanization globally necessitates efficient and sustainable mass transit solutions, leading to substantial investments in expanding and modernizing railway and public transport infrastructure. Government initiatives promoting sustainable transportation, coupled with growing environmental concerns, are further fueling market growth. The rising adoption of intelligent transportation systems (ITS), including advanced ticketing systems and real-time passenger information, enhances operational efficiency and improves passenger experience, thereby contributing to market expansion. Furthermore, technological advancements in rolling stock, such as the introduction of lightweight and energy-efficient vehicles, contribute to cost reduction and improved sustainability. The market segmentation reveals strong demand across various applications, including personal transport and diverse public transport modes (buses, heavy rail, light rail, and trolley cars). Key players such as SMRT, Prasarana Malaysia Berhad, SBS Transit, Keretapi Tanah Melayu Berhad (KTMB), and MRT are actively shaping the market landscape through strategic expansions and technological innovations. Regional analysis suggests that North America, Europe, and Asia Pacific represent significant market shares, driven by dense urban populations and robust economic growth. However, growth opportunities also exist in emerging markets across the Middle East & Africa and South America, fueled by increasing infrastructure development and government support for public transportation projects. While challenges such as fluctuating fuel prices and maintenance costs exist, the long-term outlook remains positive, driven by consistent government investments and the growing need for sustainable and efficient urban mobility solutions. Continued technological advancements, coupled with the increasing awareness of the environmental benefits of public transport, will likely drive further market expansion in the forecast period.

Explore the growth potential of Market Research Intellect's Public Transport And Railways Market Report, valued at USD 200 billion in 2024, with a forecasted market size of USD 300 billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.

Over the past five years, public transportation services have faced significant fluctuations. The COVID-19 pandemic brought unprecedented challenges, severely reducing ridership as lockdowns and business closures curtailed daily commuting. Government intervention played a critical role in maintaining and revitalizing public transit. The Biden administration's Infrastructure Investment and Jobs Act, signed in 2021, earmarked $1.0 trillion for infrastructure and transportation initiatives over the next decade. Increased federal funding in 2023 helped offset previous declines in economic performance, which cut state budgets and pressured public transport. As the economy recovered, higher disposable income led some commuters to choose premium transport options like Uber and Lyft, particularly in cities with ride-sharing restrictions. Revenue has been declining by a CAGR of 2.5% over the past five years, and is expected to decrease by 2.0%, reaching $83.3 billion in 2024. In 2024, public transportation is poised to stabilize. Federal and state initiatives to overhaul safety and environmental standards will stay center stage. Notably, New York City's congestion pricing tax aims to alleviate city congestion by charging drivers fees ranging from $15 to $36, depending on vehicle size. The tax will direct approximately 80% of the generated revenue towards enhancing the NYC subway and bus network. Government investments in hybrid and all-electric buses gain momentum, aligning with broader goals to reduce carbon footprints and improve urban livability. Elevated crime levels in major cities like New York and Philadelphia remain a concern, prompting increased security measures to protect commuters and enhance public confidence in public transit. Consequently, profit for public transportation is expected to remain stagnant. Looking ahead, the public transportation sector will navigate a complex landscape shaped by urbanization, environmental imperatives and economic conditions. Urban populations in major cities are projected to rise, intensifying traffic volumes and making public transportation systems indispensable. Policymakers are expected to continue prioritizing the reduction of carbon emissions by transitioning to low-emission public transport vehicles bolstered by federal investments in renewable energy. As consumers become more financially aware of persistent inflation and high credit card debt, public transportation's affordability may attract budget-conscious riders, further boosting the industry. Industry revenue is set to expand by a CAGR of 2.1% to an estimated $92.5 billion through the end of 2029.

The Public Transport and Railways market is a vital component of urban development, facilitating mobility while contributing significantly to economic growth and sustainability. This sector encompasses various modes of transportation, including buses, trains, trams, and subways, designed to serve the public efficien

• Public transport and Railways Market Scope:

The report on Public transport and Railways Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global public transport and railways market is segmented on the basis of type, application and geography.

The worldwide market for Public transport and Railways Market is expected to grow at a CAGR of roughly x.x% over the next ten years and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. Read More

Global Public transport and Railways market size 2025 was XX Million. Public transport and Railways Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Report of Public transport and Railways is currently supplying a comprehensive analysis of many things which are liable for economy growth and factors which could play an important part in the increase of the marketplace in the prediction period. The record of Public transport and Railways Industry is providing the thorough study on the grounds of market revenue discuss production and price happened. The report also provides the overview of the segmentation on the basis of area, contemplating the particulars of earnings and sales pertaining to marketplace.

The public transport and railways market exhibits robust growth, with a market size of $68.26 billion in 2025 and a projected Compound Annual Growth Rate (CAGR) of 14.5% from 2025 to 2033. This significant expansion is fueled by several key factors. Increasing urbanization and population density in major cities globally necessitate efficient and sustainable public transportation solutions. Government initiatives promoting sustainable transportation, coupled with rising fuel prices and environmental concerns, are further driving market growth. Technological advancements, such as the implementation of smart ticketing systems, improved rail infrastructure, and the integration of various modes of transport, contribute significantly to enhancing the overall passenger experience and operational efficiency. Furthermore, the growing adoption of electric and hybrid vehicles within public transport fleets is reducing carbon emissions and aligning with global sustainability goals. Competitive dynamics among major players like SMRT, Prasarana Malaysia Berhad, SBS Transit, Keretapi Tanah Melayu Berhad (KTMB), and MRT are also shaping market evolution through innovation and service enhancements. The forecast period (2025-2033) anticipates continued strong growth, driven by ongoing infrastructure development projects, expansion of metro and light rail networks in emerging economies, and the increasing adoption of integrated ticketing and smart mobility solutions. While challenges such as high initial investment costs for infrastructure development and operational maintenance may exist, the long-term benefits of reduced traffic congestion, improved air quality, and enhanced accessibility outweigh these concerns. The market segmentation is likely diverse, encompassing various transportation modes (metro, light rail, bus rapid transit, commuter rail), service types (urban, suburban, intercity), and technological solutions (smart ticketing, data analytics, autonomous vehicles). A detailed analysis of these segments and their individual growth trajectories will provide a more granular understanding of market opportunities.

The global public transportation market, currently valued at a substantial sum (the exact figure is not provided, but can be logically estimated based on similar market reports and the provided CAGR of 20%), is experiencing robust growth, projected to continue at a compound annual growth rate (CAGR) of 20% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and population density in major cities worldwide are creating a greater need for efficient and sustainable transportation solutions. Government initiatives promoting public transit, coupled with rising fuel prices and environmental concerns, are further fueling market demand. Technological advancements, including the integration of smart technologies, improved accessibility for people with disabilities, and the adoption of electric and autonomous vehicles within public transport systems, are contributing significantly to this growth. While challenges remain, such as infrastructure limitations and fluctuating fuel costs, the overall market outlook remains positive. Different segments, including bus, tram, metro, regional taxi, light rail, and high-speed rail, each contribute to this growth, with variations in market share based on regional factors and infrastructure development. North America, Europe, and Asia-Pacific are major market players, each exhibiting unique growth trajectories influenced by specific economic conditions, government policies, and technological adoption rates. The market segmentation reveals diverse growth patterns. High-speed rail systems, for example, show strong potential, driven by the need for efficient long-distance travel and reduced carbon emissions compared to air travel. Within urban areas, metro systems (underground transport) continue to be crucial, especially in densely populated regions, while bus networks offer broader accessibility. Rural areas see a different dynamic, with increasing investments in connecting rural communities to urban centers, but often constrained by budgetary issues. Key players in the market include established transportation authorities and private operators across various regions. The competitive landscape is characterized by varying levels of private sector involvement, strategic partnerships, and ongoing technological upgrades to improve service quality and efficiency. The forecast period of 2025-2033 presents significant opportunities for companies innovating within this sector, focusing on sustainability, digital integration, and improved user experience.

Despite significant headwinds, solid government backing helped public transportation services in Canada generate revenue growth over the past five years. Ridership plummeted in 2020 as the onset of COVID-19 brought quarantine restrictions, unemployment and consumer fears surrounding crowded buses or trains. While these headwinds have since lifted, the lingering prevalence of work-from-home jobs has limited commuting and tempered revenue from public transit companies' fares. Mounting competition from personal vehicles and ride-sharing apps like Uber and Lyft have restricted revenue growth even more and prevented transportation companies from clawing back profit lost during the height of the pandemic. Revenue has been swelling at a CAGR of 0.5% to an estimated $23.6 billion over the five years through 2024, including a slight rise of 0.1% in 2024 alone. Government funding programs play an instrumental role in supporting mass transit. Implemented in 2014, the New Building Canada Plan ensured a decade of consistent funding for transit infrastructure. The Canadian Prime Minister recently announced substantial funding for public transportation projects. Several initiatives were unveiled, such as the $700 million for the electrification of the Toronto Transit Commission bus fleet. The Rural Transit Solutions Fund promised $250 million towards developing transit systems in remote communities, and the Zero Emissions Transit Fund pledged $2.75 billion to support electrification. Advances in green technology and generous government funding are beginning to catalyze a shift towards emission-reducing solutions over the next five years. A rising urban population will boost demand for public transit as cities become increasingly congested. A Canadian Urban Transit Association report forecasts a surge in ridership from roughly 1.8 billion trips in 2007 to nearly 3.3 billion annually by 2040. Still, growing employment and disposable income levels indicate a potential uptick in personal vehicle ownership and competition from more convenient but expensive alternatives. Revenue is set to climb at a CAGR of 0.8% to an estimated $24.6 billion through the end of 2029.

The global public transport and railways market is projected to reach a value of $68,260 million by 2033, exhibiting a CAGR of 14.5% during the forecast period (2023-2033). The market growth is attributed to increasing urbanization, rising disposable income, and government initiatives to promote sustainable transportation. Buses, heavy rail, light rail, and trolley cars are the primary types of public transportation used for both personal and corporate travel. Major companies operating in the market include SMRT, Prasarana Malaysia Berhad, SBS Transit, Keretapi Tanah Melayu Berhad (KTMB), and MRT. Key trends driving the market include the adoption of smart ticketing systems, the integration of mobile payment solutions, and the use of real-time tracking technologies to improve passenger convenience. Additionally, the rise of electric and hybrid vehicles in public transportation is gaining traction due to environmental concerns. However, factors such as traffic congestion, maintenance costs, and safety issues pose challenges to the market's growth. Regional analysis indicates that Asia Pacific is expected to hold a dominant market share due to rapid urbanization and government investments in infrastructure development. North America and Europe are also significant markets, while emerging regions like Latin America and Africa are expected to witness substantial growth in the coming years.

Public transport and Railways Market size was valued at USD 552 Bln (billion) in 2025 and the revenue is expected to grow at a CAGR of 6.3% from 2025 to 2032

Global Public Transportation Market size was valued at USD 218.19 billion in 2022 and is poised to grow from USD 247.14 billion in 2023 to USD 652.37 billion by 2031, growing at a CAGR of 12.90% during the forecast period (2024-2031).

The industry players are benefiting from the current urbanisation, as their focus is on connecting major cities with each other. As the number of cars per capita is also falling in major cities and environmental awareness is growing, there is great growth potential for the industry. However, competition from long-distance bus and airlines has intensified in recent years, for example due to the liberalisation of the long-distance bus market. Nevertheless, the long-distance rail transport sector has become significantly more competitive in terms of price compared to competing modes of transport in recent years, although this has come at the cost of lower revenue per passenger. Many long-distance trains were only running at low capacity in 2020 and 2021, and the economic upheaval caused by the pandemic has led to lower demand from private and business customers compared to the pre-crisis years. The pandemic led to a 45% slump in sales in 2020. In 2024, industry sales are expected to grow by 12.2% and amount to €6.9 billion. This corresponds to an average annual decline of 0.4% since 2019.Due to the coronavirus crisis, the consumer and business climate deteriorated significantly in 2020. This resulted in considerably lower demand for sector services. The consumer climate is expected to improve slightly in 2024, which should have a positive impact on the development of sector sales. In the current year, electricity prices are likely to fall slightly compared to 2022, but they are still likely to be at a higher level than before the war in Ukraine, which will have a negative impact on the industry's costs.For the period from 2024 to 2029, IBISWorld expects average annual growth of 5.1% and an industry turnover of 8.9 billion euros in 2029. Government subsidies for rail transport are increasing sharply compared to the 2010s due to climate change. Due to the increased government support for rail transport and the growing relevance of smaller industry players, there are likely to be more industry companies and employees in 2029 than in the current year.

[Keywords] Market include Madrid Metro, MRT Corp, SMRT, Guangzhou Metro, Keretapi Tanah Melayu Berhad (KTMB)

Global Enterprise Asset Management Space in Public Transport and Railways comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024 - 2032. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.