Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $10.9bn in 2024.
Trends and Insights
Boosted government support drives special needs transportation revenue growth
- Special needs transportation companies have experienced an expansion in revenue over the past five years stemming from a boost in federal funding for Medicare and Medicaid. This growth can be attributed to the government's commitment to improving transportation accessibility for the elderly and people with disabilities.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The evergrowing aging population will continue to spark demand for special needs transportation
- The U.S. Census Bureau estimates that the population of people over 65 will nearly double from 52 million in 2018 to 95 million by 2060.
Biggest companies in the Special Needs Transportation in the US
There are no companies that hold a large enough market share in the Special Needs Transportation in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Local, fixed-route passenger transportation by road and transit, Local passenger transportation by road (except fixed-route) and Long-distance, fixed-route passenger transportation by road. Local, fixed-route passenger transportation by road and transit is the largest segment of the Special Needs Transportation in the US.
Trends and Insights
Local, fixed-route, passenger transportation by road and transit rail continues to experience solid demand
- Driven by the need for consistent and reliable transport by special needs passengers, this segment is performing steadily.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Operators in this industry provide special needs transportation to the infirm, elderly or handicapped. These establishments may use specially equipped vehicles to accommodate different physical conditions, providing safe and comfortable passenger transportation to these groups.
What's included in this industry?
Providing transport services to the handicappedProviding transportation services to the infirmProviding transportation services to senior citizensProviding transportation services to special needs passengersCompanies
Purchase this report to view all major companies in this industry.
Related Terms
VANPOOLUNLINKED PASSENGER TRIPSFLEET MANAGEMENT SOFTWAREIndustry Code
NAICS 485119 - Special Needs Transportation in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Special needs transportation companies have seen steady revenue growth over the past five years, driven by boosted federal funding for Medicare and Medicaid, as well as a grow...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Factors that influence volatility in the industry
- Key success factors for businesses to overcome volatility
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Local and fixed-route passenger transportation is observing steady demand, while personalized, non-fixed route services are growing. Long-distance services are struggling due...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Purchase this report to unlock analyst insights.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Potentials for special needs transportation companies can overcome entry barriers by obtaining requisite licenses like commercial driving and special needs transportation lice...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Special needs transportation companies primarily serve elderly Americans, relying heavily on social security, Medicare and Medicaid funds. Key factors impacting this industry...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Special needs transportation companies have maintained steady profit over the five years to 2024. Despite wages being the highest expenditure, cost management strategies have...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
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)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Special Needs Transportation in the US industry in United States in 2024?
The market size of the Special Needs Transportation in the US industry in United States is $10.9bn in 2024.
How many businesses are there in the Special Needs Transportation in the US industry in 2024?
There are 100k businesses in the Special Needs Transportation in the US industry in United States, which has grown at a CAGR of 3.8 % between 2019 and 2024.
Has the Special Needs Transportation in the US industry in United States grown or declined over the past 5 years?
The market size of the Special Needs Transportation in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
What is the forecast growth of the Special Needs Transportation in the US industry in United States over the next 5 years?
Over the next five years, the Special Needs Transportation in the US industry in United States is expected to grow.
What does the Special Needs Transportation in the US in United States include?
Providing transport services to the handicapped and Providing transportation services to the infirm are part of the Special Needs Transportation in the US industry.
How competitive is the Special Needs Transportation in the US industry in United States?
The level of competition is moderate and steady in the Special Needs Transportation in the US industry in United States.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Public Transportation in the US
- Public School Bus Services in the US
Complementors
- Car & Automobile Manufacturing in the US
- SUV & Light Truck Manufacturing in the US
- Truck & Bus Manufacturing in the US
- Elderly & Disabled Services in the US
- Disability Insurance in the US
International industries
- Social Services for the Elderly & People with Disabilities in the UK
- Bus Transportation in China
- Coach & Bus Transport in the EU
View all industries in United States
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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. We are proud to be the keystone source of industry information for thousands of companies across the world.
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