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Urban Passenger Land Transport in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 4921 April 2024 Spotlight Report

Revenue

€100.2bn

2019-2024 3.8 %
2024-2029 X.X %

Employees

5m

2019-2024 3.2 %
2024-2029 X.X %

Businesses

189k

2019-2024 1.4 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Urban Passenger Land Transport in Europe industry analysis

Bus transport, urban and suburban overground railway transport and metro services represent the bulk of industry revenue. Supported by the EU Commission and European Investment Bank, urban public transport is becoming more sustainable, rolling out electric buses and low-emission trains. Bus Rapid Transit (BRT) systems have gained popularity as a cost-effective alternative to far more expensive urban rail investments. Similarly, European metro services remain major cities' primary public transport service, driven by convenience and increasing urbanisation across Europe.

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Industry Statistics and Trends

Urban Passenger Land Transport in Europe key trends

Urban public transport struggles to recover from the pandemic.

 

Ridership levels across Europe were significantly lower in 2021 and 2022 compared with pre-pandemic levels in 2019.

Autonomous shuttles may become a part of European public transport.

 

Autonomous shuttle services are undergoing piloting in Oslo, Kronach, and Geneva. The aim is to rollout the very first economically viable large-scale, user-oriented fully driverless shuttle service in the near future.

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Urban Passenger Land Transport in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Urban Passenger Land Transport in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 3.8 % over the past five years, to reach an estimated €100.2bn in 2024.

Trends and Insights

Bus services are becoming an increasingly important part of inner-city transport

  • Buses are the most popular form of public transport in the EU, serving cities, suburban and rural areas. Bus Rapid Transit (BRT) systems have gained popularity as a cost-effective alternative to far more expensive urban rail investments.

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Urban Passenger Land Transport in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Europe is set to boost investment into sustainable public transport in EU urban areas

  • The Europe Strategy for low-emission mobility and EU urban mobility framework strive to boost the share of sustainable transport modes in urban transport systems.

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Revenue

€100.2bn

2019-2024 3.8 %
2024-2029 X.X %

Employees

5m

2019-2024 3.2 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 3.2 % *
  • Job Growth

Top 5 Countries

  1. Greece +28.3%
  2. Portugal +11.2%
  3. Netherlands +10.7%
  4. Hungary +9.9%
  5. Romania +9.6%

Bottom 5 Countries

  1. Luxembourg -15.1%
  2. Estonia -14.6%
  3. Iceland -10.4%
  4. Latvia -1.9%
  5. United Kingdom -1.3%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Urban Passenger Land Transport in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
DB Regio AG
9,589.5
239.7
2.5
Keolis SA
6,449.0
180.6
2.8
Transport for London
5,258.7
131.5
2.5

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Urban Passenger Land Transport in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Urban Passenger Land Transport industry in Europe in 2024?

The market size of the Urban Passenger Land Transport industry in Europe is €100.2bn in 2024.

How many businesses are there in the Urban Passenger Land Transport in Europe industry in 2024?

There are 189k businesses in the Urban Passenger Land Transport industry in Europe, which has grown at a CAGR of 1.4 % between 2019 and 2024.

Has the Urban Passenger Land Transport industry in Europe grown or declined over the past 5 years?

The market size of the Urban Passenger Land Transport industry in Europe has been declining at a CAGR of 3.8 % between 2019 and 2024.

What is the forecast growth of the Urban Passenger Land Transport industry in Europe over the next 5 years?

Over the next five years, the Urban Passenger Land Transport industry in Europe is expected to grow.

What does the Urban Passenger Land Transport in Europe include?

Contactless payments and Ordinary tickets are part of the Urban Passenger Land Transport industry.

Which countries have the most businesses in the Urban Passenger Land Transport industry in Europe?

The European country with the most businesses in the Urban Passenger Land Transport industry is Russia.

How competitive is the Urban Passenger Land Transport industry in Europe?

The level of competition is moderate and increasing in the Urban Passenger Land Transport industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

The industry transports passengers by urban or suburban land transport systems, including bus transport, tramways, underground and metro services and overground railways. Industry operations are carried out on scheduled routes and typically follow a fixed time schedule. Taxi services and train station operations are not part of the industry.

Related Terms

What's included in this industry?

Contactless paymentsOrdinary tickets Season tickets

Companies

DB Regio AGKeolis SATransport for London

Industry Code

ISIC 2006

4921 - Urban and suburban passenger land transport in Europe

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Performance

Key Takeaways

Bus services are becoming an increasingly important part of inner-city transport

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Revenue Highlights

Trends
  • Revenue
  • Current Year Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Urban Passenger Land Transport in Europe industry (2011 -2029)
  • Employees in the Urban Passenger Land Transport in Europe industry (2011 -2029)
  • Business in the Urban Passenger Land Transport in Europe industry (2011 -2029)
  • Profit in the Urban Passenger Land Transport in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Urban Passenger Land Transport in Europe industry?


Outlook

Analysis

What's driving the Urban Passenger Land Transport in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Urban Passenger Land Transport in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Urban Passenger Land Transport in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Contactless tickets are becoming increasingly popular. Revenue attributed to journeys made using contactless payment methods has increased as technological advances like Apple Pay have made this payment method increasingly convenient, while season ticket sales tank following the pandemic.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Urban Passenger Land Transport in Europe industry's products and services performing?

Analysis

What are innovations in the Urban Passenger Land Transport in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Urban Passenger Land Transport in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Competition in individual regions is low. Once urban transport companies win a contract, they have monopoly power in the area they serve, reducing competition. Nonetheless, Turkey has a substantial share of industry establishments, suggesting regional monopolies are less prevalent.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for DB Regio AG
  • Countries of operation for Keolis SA
  • Countries of operation for Transport for London
  • Countries of operation for Régie Autonome des Transports Parisiens (RATP)
  • Countries of operation for Nederlandse Spoorwegen NV
  • Countries of operation for Société Nationale SNCF SA
  • Countries of operation for ÖBB-Personenverkehr AG
  • Countries of operation for Ferrovie dello Stato Italiane SpA
  • Countries of operation for Renfe Operadora SA
  • Countries of operation for Metro de Madrid

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Harmonised regulations improve efficiency. EU railways (interoperability) regulations establish a formal European verification and authorisation process for placing new, upgraded or renewed infrastructure or rolling stock in service.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Urban Passenger Land Transport in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

COVID-19 disruption caused profit to turn negative in 2020. The operating profit margin of many public transport service companies turned negative over 2020 as revenue plunged to all-time lows as passenger traffic ground to a halt amid lockdowns and COVID-19 restrictions.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Urban Passenger Land Transport in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.