Industry Analysis & Industry Trends
The Bus and Tramway Operations industry provides land transport of passengers on urban, suburban or metropolitan transport systems. Therefore, industry operators can be broadly split into bus and tram operators. The industry relies heavily on subsidies from local government authorities, public transport executives and the national government. Over the past five years, the government has overseen significant funding cuts that have led to lower revenue and slimmer profit margins, with many operators scrapping or scaling back uneconomical services.
The industry has endured a challenging five years, with declining revenue overall and poor operating margins. Revenue is estimated to contract at a compound annual rate of 0.4% over the five years through 2016-17, reaching £6.7... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Bus and Tramway Operations industry is estimated to be in the mature phase of its life cycle. Industry value added, defined as the industry's contribution to GDP, is forecast to grow at a compound annual rate of 0.4% over the 10 years through 2021-22, which is lower than the UK GDP projection of 2.3% growth over the same period. This implies the industry will contribute a lower share of the overall economy in 2021-22 than it did in 2011-12.
The products and services offered by industry operators have been stable for a number of years and, whilst firms in the industry continue to focus on improving operating efficiencies, there are no rapid changes that would indicate the industry is growing. Alt.. purchase to read more