$XX.Xbn
$X.Xbn
XX,XXX
X,XXX
$XX.Xbn
Despite significant headwinds, solid government backing helped public transportation services in Canada generate revenue growth over the past five years. Ridership plummeted in 2020 as the onset of COVID-19 brought quarantine restrictions, unemployment and consumer fears surrounding crowded buses or trains. While these headwinds have since lifted, the lingering prevalence of work-from-home jobs has limited commuting and tempered revenue from public transit companies' fares. Mounting competition from personal vehicles and ride-sharing apps like Uber and Lyft have restricted revenue growth even more and prevented transportation companies from clawing back profit lost during the height of the pandemic. Revenue has been swelling at a CAGR of 0.5% to an estimated $23.6 billion over the five years through 2024, including a slight rise of 0.1% in 2024 alone.
Industry revenue has grown at a CAGR of XX.X% over the past five years, to reach an estimated $XX.Xbn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
TransLink | 2,149.5 | 140.7 | 6.5 | |
Montreal Transit Corporation | 1,636.7 | 536.0 | 32.7 | |
Toronto Transit Commission | 1,044.6 | N/A | N/A |
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Public Transportation in Canada
Industry revenue is measured across several distinct product and services lines, including Buses, Heavy rail and Streetcars. Buses is the largest segment of the Public Transportation in Canada.
Buses' cheap price point makes them the most popular form of public transit
The Public Transportation industry in Canada operates local and suburban passenger transit systems using heavy rail, subways, streetcars and buses. These services operate with fixed routes and schedule and allow passengers to pay per trip. Many also accept payment methods like monthly passes or unlimited rides over a set number of days.
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NAICS 485110 - Public Transportation in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 pandemic brought a downturn in revenue. Ridership tanked amid stay-at-home orders, remote working, unemployment and transmission concerns, but steady demand help...
Learn about an industry's products and services, markets and trends in international trade.
Buses remain the most popular form of public transit because of their low capital costs. Buses are set to expand as many cities implement bus-only lanes.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Ontario has almost half of the country's public transportation systems. The Toronto Transit Commission is the most extensive mass transit system in Canada.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Public transportation companies rarely compete with each other. It’s hard for new entrants to gain a foothold since the government subsidizes most companies, leading to high ...
Learn about the performance of the top companies in the industry.
Electric buses are becoming a reality. In June 2023, The Toronto Transit Commission (TTC) announced it had awarded New Flyer Industries Canada a five-year contract for 40-foo...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Transport Canada is a major regulator of public transportation. Its regulations help ensure that riding on public transit is safe, secure and environmentally conscious.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Public transportation services report surpluses, not profit. The majority of public transportation services are bolstered by government assistance, which prevents them from b...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Public Transportation industry in Canada is $XX.Xbn in 2024.
There are $XX.Xbn businesses in the Public Transportation industry in Canada, which has declined at a CAGR of XX.X% between 2019 and 2024.
The market size of the Public Transportation industry in Canada has been stable at a CAGR of XX.X% between 2019 and 2024.
Over the next five years, the Public Transportation industry in Canada is expected to remain static.
The biggest companies operating in the Public Transportation market in Canada are TransLink, Montreal Transit Corporation and Toronto Transit Commission
Operating heavy rail systems, including metro and subway systems and Operating light rail systems, including streetcar, tramway or trolley are part of the Public Transportation industry.
The company holding the most market share in Canada is TransLink.
The level of competition is low and steady in the Public Transportation industry in Canada.