Australia Public Transport Systems Market

Australia Public Transport Systems Market Overview:

The Australia public transport systems market size reached USD 3.82 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 5.62 Billion by 2032, exhibiting a growth rate (CAGR) of 4.90% during 2024-2032. The market is driven by the growing traffic congestion that increases the travel time of commuters, along with air pollution problems leading to high rates of respiratory and cardiovascular diseases (CVDs).

Australia Public Transport Systems Market Trends:

Traffic Congestion

According to the news published on the website of the Australian Broadcasting Corporation (ABC), the number of vehicles per person had grown to 810 per 1,000 people in 2023. With more cars on the road, areas like Sydney, Melbourne, and Brisbane, are facing substantial traffic congestion. Public transportation networks provide a more reliable and faster alternative in crowded traffic, encouraging commuters to use trains, buses, and trams. Public transportation systems that follow set routes and schedules, such as dedicated bus lanes or rail lines, offer a more efficient option with predictable trip times, thereby expanding the use of public transportation in the country. Private car use is putting an increasing strain on urban infrastructure like roads and highways. In response to traffic congestion, governing agencies in Australia are also implementing policies to promote public transport usage. These include congestion pricing, parking restrictions, and investments in expanding public transport services, such as building new metro lines, bus rapid transit (BRT) systems, and integrating transportation networks to provide seamless travel options.

Air Pollution

As per the UNSW Sydney website, more than 3,200 deaths are being recorded every year in Australia due to air pollution. Air pollution, particularly in major cities, are associated with greater rates of respiratory and cardiovascular disease (CDVs). Public awareness about these health dangers is promoting a move away from private vehicles and towards public transportation, which creates fewer emissions per passenger and lowers overall pollution levels. The government in Australia is setting lofty targets for lowering carbon emissions and combatting climate change. Expanding and upgrading public transportation is a crucial technique for achieving these objectives. Investments in electric buses, light rail, and other low-emission modes of transportation contribute to air pollution reduction, which aligns with environmental goals. To combat pollution, communities are promoting sustainable transportation options, such as public transportation, biking, and walking.

Australia Public Transport Systems Market News:

• May 2023: Conduent Transportation stated that the State of Victoria, Australia, has selected its subsidiary, a Conduent and Convergint partnership, to offer the next generation of the state's public transportation ticketing system, known as myki.
• September 2024: ComfortDelGro Corporation Limited announced that its Australian subsidiary, ComfortDelGro Corporation Australia Pty Ltd (CDC), through its subsidiary CDC Victoria Pty Ltd, was awarded three bus franchises as part of the Victorian Department of Transport and Planning's Metropolitan Zero Emission Bus (ZEB) Franchises tender, representing a 30% growth in its Victoria Public Bus business.

Australia Public Transport Systems Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on mode of transport, and ownership.

Mode of Transport Insights:

• Rail Transport
  • Urban Rail (Suburban/Commuter Rail)
  • Metro Systems
  • Light Rail/Trams
  • Regional and Intercity Rail
• Bus Transport
  • Urban and Suburban Buses
  • Intercity and Regional Buses
• Ferry Transport
  • Urban Ferries
  • Regional Ferries
• On-Demand and Shared Mobility Services
  • Ride-sharing and Carpooling
  • Car Sharing
  • Bike and Scooter Sharing
     

The report has provided a detailed breakup and analysis of the market based on the mode of transport. This includes rail transport (urban rail {suburban/commuter rail}, metro systems, light rail/trams, regional and intercity rail), bus transport (urban and suburban buses, intercity and regional buses), ferry transport (urban ferries, regional ferries), and on-demand and shared mobility services (ride-sharing and carpooling, car sharing, bike and scooter sharing).

Ownership Insights:

• Government/Public-Owned Services
• Privately Owned/Contracted Services
• Public-Private Partnerships (PPP)
   

A detailed breakup and analysis of the market based on the ownership have also been provided in the report. This includes government/public-owned services, privately owned/contracted services, and public-private partnerships (PPP).

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

 Australia Public Transport Systems Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia public transport systems market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Australia public transport systems market?
• What is the breakup of the Australia public transport systems market on the basis of mode of transport?
• What is the breakup of the Australia public transport systems market on the basis of ownership?
• What are the various stages in the value chain of the Australia public transport systems market? 
• What are the key driving factors and challenges in the Australia public transport systems?
• What is the structure of the Australia public transport systems market and who are the key players?
• What is the degree of competition in the Australia public transport systems market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia public transport systems market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia public transport systems market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia public transport systems industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.