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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