Bus & Tramway Operations in the UK - Industry Market Research Report

All aboard: Inflationary pressures are encouraging more and more people to hop on buses and trams in 2023-24

Over the five years through 2023-24, revenue is projected to contract at a compound annual rate of 1.5% to £7.3 billion. The COVID-19 outbreak led to a collapse in passenger demand during 2020-21, leading to most of the industry's decline over the period. The industry has increasingly relied on subsidies from local authorities, public transport executives and the national government to survive through COVID-19 disruptions. This industry provides passenger transport on urban, suburban or metropolitan transport systems. Modes of transport include buses and tramways, but exclude underground and metro railway systems and coach operations. Operators transport on scheduled routes with fixed stops. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.