Standard Report | Premium Report | |
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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
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2024 U.S. Industry Statistics & Market Forecast - Transit and Ground Passenger Transportation
Market Size & Industry Statistics
The total U.S. industry market size for Transit and Ground Passenger Transportation:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Transit & Ground Passenger Transportation industry is in a state of flux due to technological advancements, the shift towards sustainable practices, and changing consumer preferences.One key trend is the emergence of autonomous vehicles, which has the potential to revolutionize the industry by reducing labor costs, improving safety and reducing congestion. This trend is particularly important for long-distance buses, as autonomous driving technology could enable buses to operate safely and efficiently without drivers.
Another trend is the focus on sustainability. With increasing concerns regarding climate change, there is a growing demand for eco-friendly transportation options, such as electric vehicles and hybrid buses. Many companies in this industry are exploring alternative fuel sources or investing in hybrid and electric vehicles.
The rise of ridesharing apps and demand-responsive transportation systems is also impacting the industry. These services offer consumers more flexibility and convenience, but they can also disrupt traditional transit systems. Public transit operators are responding by partnering with ridesharing companies or exploring their own demand-response services.
Finally, the industry is seeing a growing emphasis on passenger experience. Consumers are becoming more demanding and expect a personalized, seamless experience from start to finish. This trend is driving the development of new technologies such as mobile ticketing and real-time transit trackers, as well as improvements in vehicle design and amenities.
Product & Services Breakdown
Research products and services in the Transit and Ground Passenger Transportation industry generating sales. Note that products are broken into categories with different levels of classification.Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
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Industry Total |
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Long-Distance, Fixed-Route Passenger Transportation By Road |
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Local, Fixed-Route Passenger Transportation By Road And Transit Rail |
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Long-Distance Passenger Transportation By Road, Except Fixed-Route |
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Local Passenger Transportation By Road, Except Fixed-Route |
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Special Needs Transportation Service, Including Paratransit, Senior Citizen. |
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Taxicab Support Services |
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Related Services |
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Other Products |
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Transit and Ground Passenger Transportation company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Transit and Ground Passenger Transportation industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Transit and Ground Passenger Transportation measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 3% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
Protective Service Occupations | 6% | |||
Other Protective Service Workers | 6% | |||
Miscellaneous Protective Service Workers | 6% | |||
School Bus Monitors | 6% | |||
Office and Administrative Support Occupations | 9% | |||
Information and Record Clerks | 7% | |||
Reservation and Transportation Ticket Agents and Travel Clerks | 6% | |||
Reservation and Transportation Ticket Agents and Travel Clerks | 6% | |||
Material Recording, Scheduling, Dispatching, and Distributing Workers | 8% | |||
Dispatchers | 8% | |||
Dispatchers, Except Police, Fire, and Ambulance | 8% | |||
Installation, Maintenance, and Repair Occupations | 10% | |||
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 6% | |||
Bus and Truck Mechanics and Diesel Engine Specialists | 6% | |||
Bus and Truck Mechanics and Diesel Engine Specialists | 6% | |||
Transportation and Material Moving Occupations | 74% | |||
Motor Vehicle Operators | 71% | |||
Driver/Sales Workers and Truck Drivers | 5% | |||
Passenger Vehicle Drivers | 68% | |||
Bus Drivers, School | 32% | |||
Bus Drivers, Transit and Intercity | 12% | |||
Shuttle Drivers and Chauffeurs | 21% | |||
Taxi Drivers | 21% |
Transit and Ground Passenger Transportation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Transit and Ground Passenger Transportation industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Transit and Ground Passenger Transportation industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Transit and Ground Passenger Transportation industry. |
Innovation News
- Apr 18, 2024: Lyft patents Using A Predictive Request Model To Optimize Provider Resources
- Apr 18, 2024: Lyft patents Identifying Objects For Display In A Situational-awareness View Of An Autonomous-vehicle Environment
- Apr 18, 2024: Lyft patents Efficient Service Rack System
- Feb 14, 2024: UZURV Holdings raises $35 million in funding.
- Jan 26, 2024: Freedom Services trademarks "FREEDOMCAR" - Online transportation reservation services; Transport of passengers; Transportation of passengers and/or goods by car, SUV, van, minivan, and bus
- Jan 15, 2024: Mile High Casino Services trademarks "MILE HIGH CASINO SERVICES" - Gaming services in the nature of providing currency counting services for slot machines located in casinos, counting currency for kiosk machines located in casinos, providing slot machines to use in casino facilities
- Jan 09, 2024: K-Trans Management trademarks "KAT" - Provision of public mass transit, micro-transit, paratransit and on-demand transit services in Knoxville, Tennessee and surrounding metropolitan area by bus, van, paratransit and other vehicles; providing a website featuring information in the field of public transit and transportation services; providing information regarding transit services in the Knoxville, Tennessee metropolitan area
- Nov 17, 2022: Electron Transport raises $10 million in funding.
- Mar 23, 2022: Beep raises $25 million in funding.
Recent Federal Contracts for Transit and Ground Passenger Transportation- Apr 02, 2024: FLIX NORTH AMERICA INC (Dallas, TX) awarded $7,000
- Apr 02, 2024: VETERANS TRANSPORTATION MANAGEMENT LLC (Cranberry Township, PA) awarded $872,935
- Apr 02, 2024: QII SOLUTIONS LLC (Woodstock, GA) awarded $4,000
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $75,320
- Apr 01, 2024: BAKSHI TRANSPORT COMPANY (New Delhi, ) awarded $13,154
- Apr 01, 2024: GOGO CHARTERS LLC (Atlanta, GA) awarded $8,887
- Apr 02, 2024: FLIX NORTH AMERICA INC (Dallas, TX) awarded $7,000
- Apr 02, 2024: VETERANS TRANSPORTATION MANAGEMENT LLC (Cranberry Township, PA) awarded $872,935
- Apr 02, 2024: QII SOLUTIONS LLC (Woodstock, GA) awarded $4,000
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $75,320
- Apr 01, 2024: BAKSHI TRANSPORT COMPANY (New Delhi, ) awarded $13,154
- Apr 01, 2024: GOGO CHARTERS LLC (Atlanta, GA) awarded $8,887