Cleveland, OH, September 12, 2018 — US public transport revenues are forecast to rise 4.1% per year in nominal terms through 2022, according to Public Transport: United States, a report recently released by Freedonia Focus Reports. Providers will benefit from continued economic expansion and rising employment levels, which will boost use among commuters and business travelers. Growing disposable personal incomes will support growth in recreation activity and associated use of public transport and ridesharing among vacationers and those attempting to reach local entertainment destinations. However, competition from personal light vehicle transport will continue to restrain spending.
To incentivize usage, many service providers will expand geographic market coverage to connect more regions and destinations. Providers are also expected to upgrade equipment with enhanced security technologies and amenities such as wireless internet. Government investment in infrastructure will promote gains in public transport demand by way of better service and performance.
These and other key insights are featured in Public Transport: United States. This report forecasts to 2022 US public transport revenues in nominal US dollars. Total revenues are segmented by type in terms of:
- scheduled and chartered air
- taxicab and limousine, including ridesharing services or transportation network companies (TNCs)
- cruise and ferry
- sightseeing and charter bus
- mass transit, including commuter bus, commuter rail, light rail, mixed-mode, monorail, subway, and tramway (also referred to as trolley or streetcar)
- intercity rail (e.g., Amtrak)
- intercity and rural bus
- other passenger transport services such as employee, paratransit, school, senior, and shuttle
To illustrate historical trends, total revenues, the various segments, the number of firms and establishments, and employment are provided in annual series from 2007 to 2017.
The scope of this report includes the revenues of employer and nonemployer establishments. Revenues represent the transportation of passengers and their belongings; freight is excluded. Rental of light vehicles, bikes, or scooters is excluded from the scope of this report.
This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Survey has a sample size of approximately 2,000, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.
More information about the report is available at: