Bus and tram operators have benefited from a surge in investment and patronage in recent years. As services expanded and new buses were purchased, high petrol prices, CBD job growth and ongoing population growth resulted in many more commuters choosing to travel by bus. Heightened awareness of environmental issues also encouraged commuters to leave the car at home. Industry revenue rose steadily over the past five years, up by a compound annual rate of 4.4% to be worth $5.15 billion in 2012-13. Revenue is expected to increase 6.5% in 2012-13.
Companies in the Short Distance Bus and Tramway Transport industry operate urban buses and tramways for the transportation of passengers.
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.