Industry Analysis & Industry Trends
Participants in the Public Transportation industry operate passenger transit systems over fixed-routes and regular schedules within a metropolitan area. Due to the high capital cost associated with running a large public transportation system, industry operators rely heavily on government subsidies, and over the past five years government stimulus programs have fuelled industry revenue growth. In addition, ridership rates have been positively affected over the past five years by several key trends, including a rise in the price of oil and a lower unemployment rate. In the next five years, IBISWorld expects both government funding and ridership rates to continue to increase... purchase to read more
Industry Report - Industry Locations Chapter
The geographical distribution of the Public Transportation industry largely reflects population distribution. Industry operators require a high volume of customers for their transit systems. The more densely populated an area is, the more congestion there will be on the roads, leading to higher demand for public transportation. Additionally, tourist destinations have higher concentrations of public transportation establishments, as tourists are less likely to travel by car, further increasing demand for public transit systems. Business centres are more likely to have a public transit establishment, as commuters will take advantage of the systems to get to and from work.
Ontario and Quebec account for 32.9% and 20.4% of industry establishments, respectively... purchase to read more