Asia Pacific Public Transportation Market Size & Outlook

The public transportation market in Asia Pacific is expected to reach a projected revenue of US$ 173,438.5 million by 2030. A compound annual growth rate of 8% is expected of Asia Pacific public transportation market from 2024 to 2030.
Revenue, 2023 (US$M)
$101,182.6
Forecast, 2030 (US$M)
$173,438.5
CAGR, 2024 - 2030
8%
Report Coverage
Asia Pacific

Asia Pacific public transportation market highlights

  • The Asia Pacific public transportation market generated a revenue of USD 101,182.6 million in 2023.
  • The market is expected to grow at a CAGR of 8% from 2024 to 2030.
  • In terms of segment, offline was the largest revenue generating distribution channel in 2023.
  • Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
  • Country-wise, India is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 101,182.6 million
Market revenue in 2030USD 173,438.5 million
Growth rate8% (CAGR from 2023 to 2030)
Largest segmentOffline
Fastest growing segmentOnline
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOnline, Offline
Key market players worldwideDeutsche Bank AG, MTR Corp Ltd, Southern California Institute of Technology, Tobu Railway Co Ltd, Greater London Authority, East Japan Railway Co, Metropolitan Transportation Authority, STIB-MIVB, c2c Ltd, Rethmann AG & Co. KG


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 45.2% of the global public transportation market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 173,438.5 million by 2030.

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Public Transportation Market Companies

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Asia Pacific public transportation market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to public transportation market will help companies and investors design strategic landscapes.


Offline was the largest segment with a revenue share of 82.27% in 2023. Horizon Databook has segmented the Asia Pacific public transportation market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.


The stringent emission norms and regulations, supportive government policies, and development of charging infrastructure have fostered the growth of the public transportation market in Asia Pacific. Furthermore, the increasing pollution levels and the adverse effects of greenhouse gas emissions on the environment have propelled the demand for environmental-friendly vehicles in the region.

Governments of various countries in the region have announced tax exemptions and subsidies on the purchase of electric buses to promote green transportation. This initiative is fueling the manufacturing of electric buses, which is driving the growth of the Asia Pacific public transportation market.

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Target buyers of Asia Pacific public transportation market databook

  • Our clientele includes a mix of public transportation market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific public transportation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific public transportation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific public transportation market size, by country, 2018-2030 (US$M)

Asia Pacific Public Transportation Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific public transportation market size, by country, 2018-2030 (US$M)

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