The "Commuter Rail and Public Bus Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global commuter rail and public bus services market as it emerges from the COVID-19 shut down.
The global commuter rail and public bus services market is expected to grow from $261.98 billion in 2020 to $285.08 billion in 2021 at a compound annual growth rate (CAGR) of 8.8%. 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 $400.31 billion in 2025 at a CAGR of 9%.
East Japan Railway
Central Japan Railway
Canadian Pacific Railway
West Japan Railway
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Many bus service providers are introducing hybrid buses to reduce carbon emissions. Buses are generally powered using diesel which release CO2 emission to the environment. On the contrary, hybrid buses utilize alternate fuel and do not require heavy investment like electric buses. A hybrid bus is powered by two alternate fuels or fuel combined with electricity, diesel-natural gas or diesel-electric.
In addition to that, these buses offer a quieter experience, and reduced maintenance cost. According to a research by Environmental and Energy Study Institute, hybrid busses offered about 40% improvement in fuel economy in comparison to standard diesel coach and nearly 90% improvement over compressed natural gas buses. Major companies involved in manufacturing of hybrid buses are Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, and Jinlong.
The commuter rail and public bus services market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in end user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Commuter Rail and Public Bus Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Commuter Rail and Public Bus Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Commuter Rail and Public Bus Services Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Commuter Rail and Public Bus Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Commuter Rail and Public Bus Services Market Trends and Strategies
8. Impact of COVID-19 on Commuter Rail and Public Bus Services
9. Commuter Rail and Public Bus Services Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.3. Forecast Market Growth, Value ($ Billion)
10. Commuter Rail and Public Bus Services Market Regional Analysis
10.1. Global Commuter Rail and Public Bus Services Market, 2020, by Region, Value ($ Billion)
10.2. Global Commuter Rail and Public Bus Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Commuter Rail and Public Bus Services Market, Growth and Market Share Comparison, by Region
11. Commuter Rail and Public Bus Services Market Segmentation
11.1. Global Commuter Rail and Public Bus Services Market, Segmentation by Type
11.2. Global Commuter Rail and Public Bus Services Market, Segmentation by Application
12. Commuter Rail and Public Bus Services Market Metrics
12.1. Commuter Rail and Public Bus Services Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Commuter Rail and Public Bus Services Market Expenditure, 2015-2025, Global
For more information about this report visit https://www.researchandmarkets.com/r/jx8amc
View source version on businesswire.com: https://www.businesswire.com/news/home/20210225005918/en/
Laura Wood, Senior Press Manager
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