Wheels in motion: Steady population growth has driven demand for industry services

The Public Transport industry offers a cost-effective, convenient, safe and environmentally friendly travel option to the general public, and has exhibited strong growth over the past five years. Passenger numbers have increased over the period as the population has risen, particularly in Sydney and Melbourne. Industry operators have increased fares, and passenger numbers have soared, driving growth in the industry over the period. Industry revenue is anticipated to grow at an annualised 2.5% over the five years through 2018-19, to reach $26.5 billion. This includes forecast growth of 7.0% in the current year as growth in fare prices and passenger numbers boosts industry revenue...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Steady population growth and road congestion have driven the industry's expansion
  • High costs and growing congestion have encouraged many road-users to switch to public transport
  • Population growth and rising fare prices will drive industry growth over the next five years
  • Industry Report - Industry Investment Chapter

    The Public Transport industry has low capital intensity. For every dollar invested in capital, an estimated $10.23 is expected to be spent on labour in 2018-19. Depreciation expenses are primarily incurred on rolling stock, vehicles, vessels, buildings and system monitoring technologies, which can be owned outright or leased by industry operators. The industry's depreciable assets have long useful lives, distributing the cost over a significant period of time. Industry wages are principally related to payments for drivers, inspectors, security personnel and administrative and maintenance personnel. Capital intensity has fluctuated but fallen overall over the period, mainly due to changes in industry wages costs...purchase to read more.

    Additional Insights for the Public Transport Industry

    IBISWorld has determined the most important Key Success Factors for the Public Transport are:

  • Proximity to key markets
  • Access to multiskilled and flexible workforce
  • Ability to alter goods and services produced in favour of market conditions
  • IBISWorld analysts also discuss how external factors such as Population and Capital expenditure by state and local government in the Public Transport industry impact industry performance..

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    What's in this report

    What is the Public Transport Industry?

    Industry firms provide scheduled train, tram, ferry and bus services to and from predetermined locations to the general public. Industry operators are overseen by, and receive significant funding from, state or territory governments. The industry excludes sightseeing services, ride-sharing services and taxis.

    Industry Products
  • Rail
  • Light rail
  • Bus
  • Ferry
  • Industry Activities
  • Urban and regional train network operation
  • Urban and regional bus network operation
  • Light rail (tramway) operation
  • Ferry operation
  • School bus operation
  • Community bus services for the aged and disabled
  • Airport bus operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Population
  • Capital expenditure by state and local government
  • Level of urbanisation
  • Number of motor vehicles

  • Current Performance
  • Population, urbanisation and capacity
  • External competition
  • Government investment and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Government investment and capacity growth
  • External competition intensifies
  • Future industry operations
  • Table: Public Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Public Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Motor Vehicle Body and Trailer Manufacturing
  • Petroleum Product Wholesaling
  • Railway Equipment Manufacturing and Repair

  • Products & Services
  • Rail
  • Bus
  • Light rail
  • Ferry
  • Chart: Public Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 25 to 49
  • People aged 50 to 69
  • People aged 15 to 24
  • People aged 14 years and under
  • People aged 70 and above
  • Chart: Major Market Segmentation for the Public Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Public Transport

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Public Transport Industry

  • Industry Globalization
    Department of Transport NSW, Public Transport Development Authority, Department of Transport and Main Roads Queensland,
  • Table: Department of Transport NSW - financial performance
  • Table: Public Transport Development Authority - financial performance
  • Table: Department of Transport and Main Roads Queensland - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Public Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Public Transport Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A passenger ship providing transport in and around a city serving mainly commuter demand.
  • Light Rail
  • Light rail networks involve electric-powered vehicles that run on purpose-built tracks, similar to trains. Light rail systems use lighter engines and fewer carriages than rail networks.
  • Patronage
  • Volume measure for passenger rail transport, typically measured as the number of journeys taken.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Public Transport market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Public Transport:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Public Transport market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Public Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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