2024 Transit & Ground Passenger Transportation Industry Statistics Report

Transit & Ground Passenger Transportation - Market Size and Industry Forecast

The 2024 Transit and Ground Passenger Transportation Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Transit & Ground Passenger Transportation industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Transit & Ground Passenger Transportation - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Transit & Ground Passenger Transportation companies in the United States.

Transit & Ground Passenger Transportation Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesTransit & Ground Passenger Transportation
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Transit & Ground Passenger Transportation - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Transit & Ground Passenger Transportation - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Transit & Ground Passenger Transportation - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Local, fixed-route passenger trans by road and transit rail
Local passenger transportation by road, except fixed-route
Special needs trans serv, including paratransit, senior citizen
Long-distance, fixed-route passenger transportation by road
Long-distance passenger transportation by road, except fixed-route
Transit & ground passenger transportation related services
Taxicab services
Other products
Long-distance tour packages by bus

Transit & Ground Passenger Transportation - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations2%


Chief Executives0%
General and Operations Managers1%
Protective Service Occupations5%
Other Protective Service Workers5%
Miscellaneous Protective Service Workers5%
Protective Service Workers, All Other5%
Office and Administrative Support Occupations10%
Information and Record Clerks8%
Reservation and Transportation Ticket Agents and Travel Clerks7%
Reservation and Transportation Ticket Agents and Travel Clerks7%
Material Recording, Scheduling, Dispatching, and Distributing Workers12%
Dispatchers, Except Police, Fire, and Ambulance12%
Installation, Maintenance, and Repair Occupations11%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers8%
Bus and Truck Mechanics and Diesel Engine Specialists7%
Bus and Truck Mechanics and Diesel Engine Specialists7%
Transportation and Material Moving Occupations76%
Motor Vehicle Operators72%
Bus Drivers55%
Bus Drivers, Transit and Intercity14%
Bus Drivers, School or Special Client41%
Taxi Drivers and Chauffeurs16%
Taxi Drivers and Chauffeurs16%
Material Moving Workers5%
Laborers and Material Movers, Hand5%
Cleaners of Vehicles and Equipment5%

Government Contracts

In the past, the federal government spent an annual total of $320,561,752 on the transit & ground passenger transportation industry. It has awarded 4,186 contracts to 688 companies, with an average value of $465,933 per company.

Transit & Ground Passenger Transportation and Adjacent Industries - Top Companies

($ Millions)


Transit & Ground Passenger Transportation Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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