The global transit and ground passenger transportation market was valued at more than US$ 600 Bn in 2019 and is further anticipated to cross US$ 700 Bn by 2028 expanding at a CAGR of 9.5% during the forecast period 2019-2028. The rising investment by government to develop and deploy more advanced public commute at an affordable rate coupled with rising number of shared transportation across the globe are the major factors driving the growth of the global transit and ground passenger transportation market. Furthermore, the increasing urban population in both developed and developing economies along with rising consumer income levels are factors having a positive influence on the growth of the market. However, the recent COVID-19 outbreak and lock-down in various countries are factors hindering the market growth.

The significant players are for the most part that spend significant time in new mergers and acquisitions techniques to understand an edge inside the market and produce more income over the entire market. Moreover, the market is assessed to quicken with key coalitions which will be actualized over resulting hardly any years on account of the exponential interest for transit and ground passenger transportation over numerous enterprises and companies round the world. Asia Pacific is the most attractive region in the global transit and ground passenger transportation market. This can be attributed with huge investment by governments to develop stat-of-the-art infrastructure, rapidly growing urban population and rising level of income of consumers. For instance, in 2017, a total of 422 km of metro has been built in China which has further extended the metro lines of 12 in mainland cities. The largest metro line built in the year was in Guangzhou where 84 kms of metro line was added in a single year.

Construction of rapid transit infrastructure has increased tremendously since the beginning of the new millennium. Furthermore, bus rapid transit (BRT), light rail transit (LRT), and Metro growth in 373 urban areas around the world, and found that metro growth in Chinese cities is the largest single contributor to new kilometers of transit in the world.

The market research report on the transit and ground passenger transportation market offers a complete analysis on major transit and ground passenger transportation providers, geographic presence, revenue analysis, and future developments. Competitive developments of the market players working within the transit and ground passenger transportation market, as well as expansion, new product launches, mergers, and agreements among the organizations have been offered within this report. A SWOT analysis has been accomplished on every player profiled within the global transit and ground passenger transportation market report.