$10.9bn
$XXX.Xm
182k
100k
$X.Xbn
The US special needs transportation industry has been making some leisurely strides over the past five years. While inching up at a CAGR of 0.7% over the five years to 2024, special needs transportation companies managed to amass $10.9 billion in revenue, even though they did have a minor stumble with a 0.3% dip in revenue in 2024. Factors including a boost in federal funding for Medicare and Medicaid, more golden-agers above 65 joining the bandwagon, an influx of people donning private health insurance caps and some extra jingle in folks' pockets benefiting from raised disposable income have all had a hand in turning the revenue wheel. Profit has also expanded for special needs transportation companies, picking up the pace from a margin of 5.1% in 2019 to a more vibrant 5.4% in 2024.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $10.9bn in 2024.
Market size is projected to grow over the next five years.
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.
Special Needs Transportation in the US
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.
Local, fixed-route, passenger transportation by road and transit rail continues to experience solid demand
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.
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NAICS 485119 - Special Needs Transportation in the US
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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...
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Local and fixed-route passenger transportation is observing steady demand, while personalized, non-fixed route services are growing. Long-distance services are struggling due...
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Potentials for special needs transportation companies can overcome entry barriers by obtaining requisite licenses like commercial driving and special needs transportation lice...
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Special needs transportation companies primarily serve elderly Americans, relying heavily on social security, Medicare and Medicaid funds. Key factors impacting this industry...
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Special needs transportation companies have maintained steady profit over the five years to 2024. Despite wages being the highest expenditure, cost management strategies have...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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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.
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The market size of the Special Needs Transportation in the US industry in United States is $10.9bn 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.
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.
Over the next five years, the Special Needs Transportation in the US industry in United States is expected to grow.
Providing transport services to the handicapped and Providing transportation services to the infirm are part of the Special Needs Transportation in the US industry.
The level of competition is moderate and steady in the Special Needs Transportation in the US industry in United States.