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Companies in this industry operate buses, trains, and other local and suburban passenger transit systems within cities and adjacent nonurban areas. Major companies include Beijing Subway, East Japan Railway (Tokyo), Metropolitan Transportation Authority (New York), Mexico City Metro, Moscow Metro, MTR Corporation (Hong Kong), Paris Metro, and Seoul Metro.
The global urban transit industry is largely concentrated in Asia and Europe. Population growth and urbanization are among the forces driving global demand for metropolitan transit services.
The US urban transit system industry includes more than 800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4 billion. Government agencies in the US that provide urban transit are discussed in this profile, but they are not included in the revenue and company figures. In addition to the Metropolitan Transportation Authority, leading US providers include Chicago's Regional Transportation Authority, Los Angeles County Metropolitan Transportation Authority, Transdev North America, and Washington Metropolitan Area Transit Authority.
Demand is driven by population growth in metropolitan areas. The profitability of individual companies depends on efficient operations. Large companies have advantages in absorbing large operational and capital costs. Small companies can compete effectively by entering new markets. The US industry is highly concentrated: the 50 largest companies generate about 90% of the industry's revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
The urban transit system industry includes companies that provide commuter rail, urban and suburban bus, and mixed mode transportation services. ...
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