AP
Jul 16, 2021 (Ireland)
DUBLIN--(BUSINESS WIRE)--Jul 16, 2021--
The “Transit And Ground Passenger Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global transit and ground passenger transport market is expected to grow from $412.97 billion in 2020 to $460.48 billion in 2021 at a compound annual growth rate (CAGR) of 11.5%.
Transit and Ground Passenger Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global transit and ground passenger transport market as it emerges from the COVID-19 shut down.
Major companies in the transit and ground passenger transport market include Transport For London; Metropolitan Transportation Authority; MTR Corporation; Guangzhou Metro and Madrid Metro.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $634.99 billion in 2025 at a CAGR of 8%.
Source:
https://apnews.com/press-release/business-wire/business-health-coronavirus-pandemic-12ce4710ef12478091beea9d0b43567a
Recommended for you
In 2023, Deutsche Bahn will invest a record EUR 7.6 billion in Germany's Strong Rail system
21 March 2024 (Germany) Net capital expenditures from Deutsche Bahn's own funds reached a new high of almost EUR 7.6 billion, up more than 16% year over year. In 2023, demand for train passenger service kept growing. Significant advancements were also made by DB in its passenger services in 2023, including the addition of more links, a larger and more contemporary fleet of vehicles, and more digital services. Source https://www.deutschebahn.com/en/presse/press_releases/Deutsche-Bahn-invests-a-record-EUR-7-6-bn-in-Strong-Rail-in-Germany-in-2023-12760244#
yesterday
Read MoreAn agreement was concluded by Stadler and GYSEV regarding the delivery of next-generation intercity EMUs.
27 March 2024 (Sopron, Hungary) GYSEV Zrt. and Stadler have inked a contract for the supply of 9+4 intercity EMUs. Beginning in 2027, the operator railway company intends to operate the cars on the lines Sopron-Budapest and Szombathely-Budapest. The new multisystem trains will be authorized to run in Austria in addition to Hungary. At Stadler's carbodies center of excellence in Szolnok, Hungarian experts will fabricate the aluminum bodyshells for the five-car trainsets. Source https://www.stadlerrail.com/media/pdf/20240327_gysev_ic_eng.pdf
yesterday
Read MoreSiemens Mobility and Canadian operator Metrolinx have been awarded a new service contract
27 March 2024 (Canada) For the Central Region of Toronto's passenger railway infrastructure system, Siemens Mobility has been selected by Metrolinx, the regional public transit operator for the Greater Toronto and Hamilton Area, to manage track, signal, and right-of-way maintenance. Siemens Mobility already provides signal and communications services at the Metrolinx Network Operations Center, as well as maintenance services in the West Region, which this agreement expands upon. For almost 40 years, Siemens Mobility has been offering transportation industry solutions in Canada. Source https://press.siemens.com/global/en/pressrelease/siemens-mobility-awarded-further-service-contract-canadian-operator-metrolinx
yesterday
Read More