1. Market Research
  2. > Tourism and Leisure
  3. > Tourism Market Trends
  4. > Passenger Transportation

What Are The Favorite Travel Means People Use? Must-Read Reports & Analysis

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
8 votes

Global Passenger Transportation Industry Anaysis

The global passenger transportation industry involves transport operators in various sectors, including rail, airline, cruise, car rental, and electric buses and taxis. Passenger transport operators cater to demand for travel solutions on local, regional and international levels. The number of passengers availing of any of these transportation solutions is dependent on the tourism industry, levels of disposable income and economic growth.

Key Market Segments

The global electric bus and taxi industry (part of the passenger road transportation sector) is expected to record nine-fold growth in the decade ending 2022. IDTechEx predicts the world electric bus and taxi industry will be worth $60 billion soon after 2022. While we are currently witnessing a period in which hybrids are increasingly popular in the industry, this will be followed by a period of popularity of pure electric versions. China is set to dominate the global electric bus and electric taxi industry between 2012 and 2022. 

The world passenger rail industry generated revenue of almost $170 billion in 2010, having recorded yearly growth in excess of 4% between 2006 and 2010, according to research from MarketLine. Annual growth in terms of market consumption volumes was close to 5% over the same four-year period, exceeding 2.8 trillion passenger kilometers in 2010. Market growth is expected to accelerate to a yearly rate of over 4% between 2010 and 2015. The passenger rail industry encompasses heavy rail passenger services such as regional, inter-city, suburban and international trains.

The world airline market witnessed 12% growth in 2010 to exceed $501 billion, according to MarketLine. The industry is predicted to reach almost $714 billion in 2010, representing 42% growth in five years. The world airline market witnessed 6% expansion in 2010, bringing the industry to a volume of over 2.4 billion passengers. Between 2010 and 2015, industry volumes are expected to rise 28% to exceed 3 billion passengers. Domestic represents the leading market segment, equivalent to almost 65% of the overall industry, and the Americas holds a 44% market share in the global airline industry.

Royal Caribbean and Carnival Corporation represent the two largest multinational outfits currently operating in the global passenger cruise industry, followed by Genting Hong Kong, reports KeyNote. The US had the leading cruise market in 2011, with the UK and Germany next in line. The EU cruise market has, however, been witnessing a high growth rate, putting it ahead of North America for cruise passenger numbers. Overall, Germany is recording the fastest rate of growth in the global passenger cruise industry.

Global Industry Analysts predicts the world car rental service market will generate revenue of $59 billion by 2015. The US currently dominates the industry, thanks to effective marketing strategies helping US operators to attract new customers and retain existing customers.  

Regional Market Share

The EU airline market generated revenue of $166 billion in 2010, having maintained 5% yearly growth over the four preceding years, reports MarketLine. Over the same four-year period, industry volumes witnessed close to 3% annual growth to exceed 745 million passengers in 2010. The pace of industry growth is predicted to pick up between 2010 and 2015 to reach a yearly rate of almost 9%. The industry is expected to exceed a value of $251 billion by 2015.

The Asia-Pacific airline market generated almost $90 billion in 2010, after yearly growth of more than 3% between 2006 and 2010, according to figures from MarketLine. Over the same four-year period, industry volumes rose 6% per year to exceed 600 million passengers in 2010. Industry growth is set to climb to a yearly rate in excess of 7% between 2010 and 2015 to bring the industry to $126 billion.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of about 7 100 reports

Global Passenger Transportation Industry

  • January 2015
    24 pages
  • Passenger Trans...  

  • World  

View report >

Intermodal Passenger Transportation Industry in the US

  • August 2016
    22 pages
  • Intermodal Pass...  

  • United States  

View report >

The future of the Passenger Transportation Industry in Europe

  • June 2016
    7 pages
  • Passenger Trans...  

    Railway Transpo...  

  • Europe  

    World  

View report >

The future of the Passenger Transportation Industry in China and Asia

  • November 2014
    22 pages
  • Passenger Trans...  

  • China  

    Asia  

View report >

Passenger Transportation Industry in Japan - Forecast

  • January 2014
    16 pages
  • Passenger Trans...  

  • Japan  

    Asia  

View report >

Passenger Transportation Markets in Germany and Europe

  • January 2014
    9 pages
  • Passenger Trans...  

    Public Transpor...  

  • Germany  

    Europe  

View report >

Passenger Transportation Statistics in the UK

  • July 2016
    33 pages
  • Rail  

  • United Kingdom  

    Europe  

    United States  

View report >

Passenger Transportation Markets in Canada

  • June 2015
    6 pages
  • Passenger Trans...  

  • Canada  

    North America  

    United States  

View report >

Passenger Transportation Industry in Brazil

  • January 2014
    28 pages
  • Passenger Trans...  

  • Brazil  

View report >

Passenger Transportation Industry in India

  • May 2016
    12 pages
  • Passenger Trans...  

    Public Transpor...  

  • India  

View report >


About 1 500 reports

Purchase Reports From Reputable Market Research Publishers
(From € 60 - € 5 016)

Global Intelligent Transport Systems Market (2016 - 2022)

Global Intelligent Transport Systems Market (2016 - 2022)

  • € 5 016
  • Industry report
  • July 2016
  • by KBV Research

Intelligent transportation system is an integration of communication system and information technologies, designed primarily for improving safety, security and efficiency in transportation network. It ...

Automotive Iot Market By Offering, Connectivity Form Fa ...

August 2016 € 4 520

Intelligent Transportation System Market By Roadway, Av ...

July 2016 € 4 520

Aviation Analytics Market By End-user, Business Functio ...

June 2016 € 4 520

Future Of Carsharing Market To 2025

August 2016 € 3 960

Global Market Study On Off-street Parking Management Sy ...

August 2016 € 3 920

Smart Parking System Market Analysis By Parking Site (o ...

May 2016 € 3 760

Global Intelligent Transport System Market Analysis & T ...

June 2016 € 3 360

Global Roadways & Railways Intelligent Transport System ...

July 2016 € 2 880

Global Aviation & Maritime Intelligent Transportation S ...

July 2016 € 2 880

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.