The global Public Transportation Market is undergoing a dynamic transformation, propelled by advancements in smart transportation technologies, increasing urbanization, and a growing emphasis on sustainable mobility. Governments and private stakeholders are investing heavily in public transport infrastructure to reduce traffic congestion, curb carbon emissions, and enhance connectivity, marking a new era for mass transit systems worldwide.
The global public transportation market was valued at USD 227.16 million in 2023 and is projected to grow at a CAGR of 7.50% during the forecast period.
According to recent market insights, the Public Transportation Market is projected to achieve robust growth over the next decade, driven by the convergence of digital innovation and strategic policy initiatives supporting urban mobility solutions.
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