Although income from passengers contributes the majority of revenue in the Bus and Tramway Operations industry, the industry also relies heavily on government subsidies. Subsidies come from local government authorities, public transport executives and the national government. Since the coalition government came into power in 2010, the industry's subsidies have been cut substantially. In response, many operators have scrapped or scaled back uneconomical bus routes that had previously been subsidised by local authorities. This has had a negative effect on the industry over recent years and the trend is expected to continue in the short term.
This industry provides passenger transport on urban or suburban transport systems using buses and tramways. Operators work to a schedule and usually pick up and deposit passengers at fixed stops.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.