FMLM Public Transport Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

FMLM Public Transport Service Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Transport & Logistics

Report Description

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First mile-last mile (FMLM) public transport service is a type of public transport that is based on the concept of a dedicated transport route between the starting point and the destination. This dedicated transport route between two fixed points is known as corridor. The FMLM public transport service enables people to travel from one place to another in the fastest, simplest, and most reliable fashion. In order to travel by the FMLM public transport service, people often have to walk the extra mile to reach the starting point of the journey and from the end point of the journey to reach their final destination. Thus, this mode of public transport is known as first mile-last mile (FMLM) public transport service.

The FMLM public transport service helps commuters eliminate the trouble of changing their modes of transport several times before finally reaching their desired destination. Apart from passenger convenience and comfort of travelling, the FMLM public transport service also helps prevent traffic congestion, since there is a dedicated transport route provided for commuting. Prevention of traffic congestion ensures higher fuel savings due to reduction in vehicular emissions. These advantages provided by the FMLM public transport service are expected to drive the FMLM public transport service market during the forecast period. Furthermore, there has been an increase in public preference for FMLM public transport service due to the rise in awareness about reducing the carbon footprint of vehicles in recent years. This is expected to further propel the FMLM public transport service market during the forecast period.

However, the FMLM public transport service suffers from a few minor drawbacks such as a lack of real-time transit information. These minor drawbacks of FMLM public transport service are anticipated to hamper the FMLM public transport service market to some extent during the forecast period.

The global File Mile-Last Mile Public Transport Service Market can be segmented based on type, mean of transportation, tier of city, mode of operation, and region. In terms of type, the FMLM public transport service market can be segmented into intercity transport, intercity transport, and industrial transport. Intercity transport involves the usage of transport services for transport between two places in the same city. A common example of intercity transport is the BRT (bus rapid transit) system. Based on type, the intercity transport segment is expected to expand at a rapid pace during the forecast period owing to the widespread usage of intercity transport by passengers for commuting on a regular basis.

Based on means of transport, the FMLM public transport service market can be divided into metro, monorail, and BRTS (bus rapid transit system). The BRTS segment is anticipated to expand at a considerable growth rate during the forecast period owing to the increasing usage of BRTS system by several passengers across the world.

Based on the tier of cities, the FMLM public transport service market is classified as Tier I, Tier II, Tier III and Tier IV. The tier I segment is anticipated to expand at a rapid pace owing to the high rate of adoption of technology, increasing industrialization & urbanization, ever-growing population of the tier I cities and the increasing government support in the form of funds and budgets to support advanced transportation services in Tier I cities.

Based on the mode of operation, the FMLM public transport service market can be segregated into government-owned, publicly owned and public private. The public private segment is expected to dominate the FMLM public transport service market in the next few years owing to the proper maintenance ensured by the private sector or company that operates the FMLM public transport service.

Based on geographical region, the automotive FMLM public transport service market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to lead the FMLM public transport service market during the forecast period owing to the rapid technological advancements in the transportation service in the region and the increasing support by the European Union for implementing high-tech transportation projects in the region.

Key players operating in the global FMLM public transport service market include Metropolitan Atlanta Rapid Transit Authority (MARTA), Dallas Area Rapid Transit (DART), United States Department of Transportation, Federal Transit Administration, Indiana Department of Transportation (INDOT), and Muncie Indiana Transit System (MITS).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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