Melbourne, Australia (PRWEB) December 17, 2012
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. According to IBISWorld industry analyst Caroline Finch, heightened awareness of environmental issues also encouraged commuters to leave the car at home. The Short Distance Bus and Tramway Transport industrys 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.
The industry has a medium level of concentration, with the top four players – State Transit Authority of New South Wales, Cabcharge Australia Limited, Ventura Motors Proprietary Limited and KDR Victoria Pty Ltd accounting for a significant share of the industry. The level of industry concentration has fluctuated vastly in the past 20 years, with a period of strong consolidation followed by a period of privatisation from the early 1990s. The influx of private operators servicing scheduled routes in the larger cities has contributed to the low concentration of the industry, says Finch. Concentration is expected to increase in the next five years as the number of private contract regions are reduced in states such as New South Wales and Victoria.
The outlook for the Short Distance Bus and Tramway Transport industry remains upbeat. Australia’s unemployment is expected to remain low by historical standards, while population growth is expected to remain strong. IBISWorld expects the price of fuel to remain high over the next five years as the cost of recovering the remaining reserves of mature oil fields increases. Investment in services is ongoing. The relative fuel efficiency of public transport and ongoing congestion issues will cause passenger numbers to continue growing to 2017-18.
For more information, visit IBISWorlds Short Distance Bus and Tramway Transport report in Australia industry page.
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IBISWorld industry Report Key Topics
Companies in the Short Distance Bus and Tramway Transport industry operate urban buses and tramways for the transportation of passengers.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognised as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
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