Public Transportation Market : In-depth Analysis by Trends, Dynamics, Drivers, Challenges and Growth

Public Transportation Market Size was valued at USD 219 billion in 2022 and is expected to reach USD 343.83 billion by 2030 and grow at a CAGR of 5.8% over the forecast period 2023-2030.

The Public Transportation market is undergoing a transformative shift as cities worldwide prioritize sustainable and efficient mobility solutions. With a growing awareness of environmental concerns and urban congestion, public transportation emerges as a vital component of modern urban planning. The market is witnessing innovations such as electric buses, digital ticketing systems, and real-time tracking, enhancing the overall passenger experience and reducing the carbon footprint. As governments and municipalities invest in comprehensive public transit networks, the market plays a pivotal role in shaping the future of smart, accessible, and environmentally friendly urban mobility, contributing to a more connected and sustainable global transportation ecosystem.

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