Urban Transit Systems Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/21/2020
SIC Codes: 4111
NAICS Codes: 48511
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Urban Transit Systems Industry Profile

Companies in this industry operate buses, trains, and other local and suburban passenger transit systems within cities and adjacent nonurban areas. Major companies include Beijing Subway, East Japan Railway (Tokyo), Metropolitan Transportation Authority (New York), Mexico City Metro, Moscow Metro, MTR Corporation (Hong Kong), Paris Metro, and Seoul Metro.

The global urban transit industry is largely concentrated in Asia and Europe. Population growth and urbanization are among the forces driving global demand for metropolitan transit services. Worldwide, mass transit systems carried 53 billion passengers in 2017, an increase of about 9 billion passengers since 2012, with most of the growth occurring in Asia and the Middle East-North Africa region, according to the International Association of Public Transport. Transit systems in Asia carry more than 26 billion passengers a year; European lines carry more than 10 billion passengers; Latin America nearly six billion and North America just 3.7 billion.

The US urban transit system industry includes about 800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4 billion. Government agencies in the US that provide urban transit are discussed in this profile, but they are not included in the revenue and company figures. In addition to the Metropolitan Transportation Authority, leading US providers include Chicago's Regional Transportation Authority, Los Angeles County Metropolitan Transportation Authority, Transdev North America, and Washington Metropolitan Area Transit Authority.

 
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