Global Urban Transport Systems Market Size By City Type (Semi-Urban, Urban), By Transit Modes (Semi-rapid, Rapid), By Geographic Scope And Forecast

Urban Transport Systems Market Size And Forecast

Urban Transport Systems Market size was valued at USD 91.5 Trillion in 2023 and is projected to reach USD 164.8 Trillion by 2030, growing at a CAGR of 10.6% during the forecasted period 2024 to 2030.

The government and local governments are putting more and more money into urban transport systems to deal with the growing problem of traffic and accidents. With more people moving to cities, there would be more commuters, which would boost the need for public transportation over the next few years. The Global Urban Transport Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Urban Transport Systems Market Definition

The term “urban transport system” refers to transportation networks that are easy to use and help people and goods move around cities. As cities get bigger and more people move into them, the need for urban transportation is growing quickly. Moreover, since public transport is not good enough, the number of private cars is increasing rapidly, which aggravates traffic problems. Moreover, the traditional way of dealing with traffic jams was to make the road network bigger, doesn’t work anymore because new residential and business developments have been built along roadsides.

Due to this, many cities around the world have gotten to the point where they can no longer add lanes to roads because they don’t have enough land. So, the only growth management plan that seems to be able to deal with such serious problems seems to be an urban transport system that will reduce the cost of transport and improve life in cities.

Global Urban Transport Systems Market Overview

People moved from the villages to the cities because there were more industrial advancements and economic operations in the cities. Most of the total GDP comes from urban areas, which have growing economies, changing ways of life, and better places to live. As the number of people living in cities grew, so did the need for cars to get from one part of the city to another. The number of private cars has been going up as people’s ability to buy things has gone up. Problems like traffic jams and deaths in the city have been caused by these things.

To deal with these problems, it’s important for cities to keep improving their transportation systems so that people and goods can move quickly from one place to another. The safe, cheap, and comfortable public transportation system in cities helps cut down on the number of private cars on the roads. This cuts down on traffic jams, accidents, noise pollution, and air pollution. But big cities have become economic hubs because industries are growing quickly and there are many things to do there.

During the forecast period, The Urban Transport Systems Market is expected to be driven by the fact that new residential and business infrastructure innovations on existing road networks have caused problems like not enough noise, parking space, and air pollution, among other things. The Urban Transport Systems Market is being driven by traffic jams caused by a growing population and a lack of space. Traffic jams not only make the air and sounds dirtier, but they also hurt people’s health and make it hard for them to get things done.

Also, it makes accidents more likely, which could hurt people or damage property. Because of this, governments all over the world have started to take serious steps to get urban transport systems projects done. This is likely to be a big reason why the market for urban transport systems will grow. Due to the rising price of concrete, the cost of building the infrastructure for urban transportation is too high. Urban transportation, on the other hand, requires a lot of money to run and keep up, which is likely to cause problems for markets all over the world.

Global Urban Transport Systems Market Segmentation Analysis

The Global Urban Transport Systems Market is Segmented on the basis of City Type, Transit Modes, And Geography.

Urban Transport Systems Market, By City Type

• Semi-urban• Urban• Metropolitan

Based on City Type, The market is bifurcated into Semi-Urban, Urban, and Metropolitan. The growing demand for urban transport systems from big cities all over the world is expected to help the urban transport systems market growth. Metropolitan cities have a lot going on and a lot of people living in them. They are a good place to live, work, and find a place to live. As a result, they have limited space, traffic congestion, insufficient parking spots, and noise as well as air pollution. As a result, high-capacity methods that provide more connectivity for the population increase are becoming increasingly crucial for effective access and economic development. As a result, governments around the world are prioritizing the implementation of urban transport systems.

Urban Transport Systems Market, By Transit Modes

• Semi-rapid• Rapid• Streeto Privateo Publico For-hire

Based on City Type, The market is bifurcated into Semi-rapid, Rapid, and  Street.  Street subsegment can further be divided into private, public, and for-hire segments. During the projected period, rapid transit is projected to grow at the fastest rate. Rapid transportation is becoming more popular in urban areas, particularly in metropolitan areas, as people want to get from one location to another rapidly. The development of PRT or personal rapid transit, on the other hand, is predicted to boost the market for fast transport modalities.

Small automated vehicles, such as railed taxis or pod cars, are part of the PRT, which allow individuals and small groups of 3 to 6 passengers to travel on pre-arranged network guideways. It allows passengers to travel nonstop from one point to the other by removing indirect routes, in-between stops and stops for passengers with alternative destinations, among other things. The PRT enables a tiny network topology, a low-cost transportation system, and minimal infrastructure, all of which are expected to propel the market.

Urban Transport Systems Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, The Global Urban Transport Systems Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, Asia Pacific is anticipated to dominate the global Urban Transport Systems Market. Population growth and urbanization in developing economies such as China and India are credited with the increase. Due to the increasing economic activities and industrialization in the region, many individuals have been migrating from rural areas to urban areas.

Nevertheless, rising infrastructural improvements in cities due to population growth has created numerous issues due to a lack of space in comparison to the inhabitants, that is anticipated to enhance the market for urban transport systems. Other factors include the government’s effort to build public transportation for simple and efficient passenger and freight transportation, as well as to minimize traffic jams, accidents, and pollution.

Key Players

The “Global Urban Transport Systems Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Toyota Motor Corporation, Ericsson Inc., Aurecon Group Brand (Pte) Ltd., Egis S.A., SWARCO AG, ILF Consulting Engineers, Siemens AG, Mitsubishi Heavy Industries Group, Urban Mass Transit Company Ltd, Moataz Makki Engineering Consultancy, and among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• May 2022 – Thailand’s government is trying to negotiate tax breaks, incentives, and subsidies with electric vehicle businesses in order to strengthen Thailand’s status as a leading Asian EV manufacturing hub.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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