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Current State of the Industry | ||
Market Size (industry trends) | ||
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Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
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2024 U.S. Industry Statistics & Market Forecast - Special Needs Transportation
Market Size & Industry Statistics
The total U.S. industry market size for Special Needs 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 Special Needs Transportation industry is experiencing several key trends that are impacting its operations. One major trend is the shift towards digital technologies, which enable companies to streamline their operations, improve communication, reduce costs, and increase efficiency. This is particularly important in a sector that is highly regulated and subject to rigorous safety standards.Another key trend is the increasing demand for transportation services that are tailored to the needs of specific user groups. This includes the development of customized vehicles and routes that can accommodate individuals with physical disabilities, autism, or other conditions. As the number of individuals with special needs grows, so too does the need for specialized services that can meet their unique requirements.
At the same time, there is an increasing awareness of the importance of inclusivity and diversity within the industry. This is driving the development of programs and initiatives aimed at promoting greater diversity in the workforce, including the recruitment of individuals with disabilities.
Finally, the Special Needs Transportation industry is experiencing a growing focus on cost-effective solutions that can provide high-quality services while minimizing the burden on already-stretched budgets. This has led to increased emphasis on partnerships and collaborations between agencies, governments, and private sector providers to develop more efficient and effective transportation solutions. Overall, these trends are shaping the future of the Special Needs Transportation industry and will continue to influence its operations in the years to come.
Product & Services Breakdown
Research products and services in the Special Needs 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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Special Needs Transportation Service, Including Paratransit, Senior Citizen. |
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 Special Needs 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 Special Needs 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 Special Needs 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 | 4% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 3% | |||
Office and Administrative Support Occupations | 15% | |||
Material Recording, Scheduling, Dispatching, and Distributing Workers | 6% | |||
Dispatchers | 5% | |||
Dispatchers, Except Police, Fire, and Ambulance | 5% | |||
Transportation and Material Moving Occupations | 75% | |||
Motor Vehicle Operators | 70% | |||
Driver/Sales Workers and Truck Drivers | 6% | |||
Passenger Vehicle Drivers | 63% | |||
Bus Drivers, Transit and Intercity | 8% | |||
Shuttle Drivers and Chauffeurs | 50% |
Special Needs Transportation Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Special Needs 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 Special Needs 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 Special Needs Transportation industry. |
Source:
Recent Federal Contracts for Special Needs Transportation- Feb 27, 2024: KTS SOLUTIONS, INC. (Woodbridge, VA) awarded $2,271,960
- Feb 27, 2024: ASSISTED TRANSPORTATION CORP (Mount Vernon, NY) awarded $1,847,307
- Feb 23, 2024: SUBURBAN TRANSPORTATION, INC. (East Syracuse, NY) awarded $1,340,000
- Feb 20, 2024: FIRST CARE OHIO LLC (Cincinnati, OH) awarded $1,131,308
- Feb 20, 2024: METRO WEST AMBULANCE SERVICE, INC. (Hillsboro, OR) awarded $93,231
- Feb 15, 2024: MOBILITY WORKS OF CALIFORNIA, LLC (Fresno, CA) awarded $14,934
- Feb 27, 2024: KTS SOLUTIONS, INC. (Woodbridge, VA) awarded $2,271,960
- Feb 27, 2024: ASSISTED TRANSPORTATION CORP (Mount Vernon, NY) awarded $1,847,307
- Feb 23, 2024: SUBURBAN TRANSPORTATION, INC. (East Syracuse, NY) awarded $1,340,000
- Feb 20, 2024: FIRST CARE OHIO LLC (Cincinnati, OH) awarded $1,131,308
- Feb 20, 2024: METRO WEST AMBULANCE SERVICE, INC. (Hillsboro, OR) awarded $93,231
- Feb 15, 2024: MOBILITY WORKS OF CALIFORNIA, LLC (Fresno, CA) awarded $14,934
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