TABLE OF CONTENT 1 EXECUTIVE SUMMARY 2 MARKET INTRODUCTION 2.1 DEFINITION 15 2.2 SCOPE OF THE STUDY 15 2.3 LIST OF ASSUMPTIONS 16 2.4 MARKET STRUCTURE 17 2.5 MARKET ATTRACTIVENESS ANALYSIS 17 2.6 GLOBAL PUBLIC TRANSPORT MARKET, BY TYPE 18 2.7 GLOBAL PUBLIC TRANSPORT MARKET, BY APPLICATION 19 2.8 KEY BUYING CRITERIA 19 3 RESEARCH METHODOLOGY 3.1 RESEARCH PROCESS 20 3.2 PRIMARY RESEARCH 21 3.3 SECONDARY RESEARCH 22 3.4 MARKET SIZE ESTIMATION 23 3.5 FORECAST MODEL 23 4 MARKET INSIGHTS 5 MARKET DYNAMICS 5.1 INTRODUCTION 27 5.2 DRIVERS 28 5.2.1 DEMAND FOR RAILWAY TRANSPORT 28 5.2.2 RISING URBAN POPULATION 29 5.2.3 DRIVERS IMPACT ANALYSIS 30 5.3 RESTRAINTS 30 5.3.1 HIGH CAPITAL INVESTMENT 30 5.3.2 RESTRAINTS IMPACT ANALYSIS 31 5.4 OPPORTUNITY 31 5.4.1 INTELLIGENT TRANSPORT SYSTEM (ITS) 31 6 MARKET FACTOR ANALYSIS 6.1 PORTER’S FIVE FORCES MODEL 32 6.1.1 THREAT OF NEW ENTRANTS 33 6.1.2 BARGAINING POWER OF SUPPLIERS 33 6.1.3 BARGAINING POWER OF BUYERS 33 6.1.4 THREAT OF SUBSTITUTES 33 6.1.5 RIVALRY 34 6.2 SUPPLY CHAIN ANALYSIS 35 6.2.1 DESIGN AND DEVELOPMENT 36 6.2.2 RAW MATERIAL/COMPONENT SUPPLY 36 6.2.3 MANUFACTURE/ASSEMBLY 36 6.2.4 END USE 36 6.3 TECHNOLOGY TRENDS 37 6.3.1 NEW TRANSPORT CONCEPT 37 6.3.2 DIGITALIZATION IN RAILWAYS 37 6.4 PATENT TRENDS 38 6.5 REGULATORY LANDSCAPE 41 7 GLOBAL PUBLIC TRANSPORT MARKET, BY TYPE 7.1 OVERVIEW 42 7.2 BUS 42 7.3 LIGHT RAIL 42 7.4 REGIONAL TAXI 42 7.5 METRO 42 7.6 TRAM 42 8 GLOBAL PUBLIC TRANSPORT MARKET, BY APPLICATION 8.1 OVERVIEW 45 8.2 CITY 45 8.3 RURAL 45 9 GLOBAL PUBLIC TRANSPORT MARKET, BY REGION 9.1 INTRODUCTION 48 9.2 NORTH AMERICA 51 9.2.1 US 56 9.2.2 CANADA 59 9.2.3 MEXICO 62 9.3 EUROPE 65 9.3.1 GERMANY 70 9.3.2 FRANCE 73 9.3.3 UK 76 9.3.4 ITALY 78 9.3.5 REST OF EUROPE 81 9.4 ASIA-PACIFIC 84 9.4.1 CHINA 88 9.4.2 INDIA 91 9.4.3 JAPAN 94 9.4.4 REST OF ASIA-PACIFIC 96 9.5 REST OF THE WORLD 100 9.5.1 SOUTH AMERICA 104 9.5.2 MIDDLE EAST AND AFRICA 106 10 MOBILITY AS A SERVICE MARKET ANALYSIS 10.1 OVERVIEW 110 10.2 GLOBAL MOBILITY AS A SERVICE (MAAS) MARKET, BY SERVICE 110 11 COMPETITIVE LANDSCAPE 11.1 COMPETITIVE OVERVIEW 112 11.2 COMPETITIVE BENCHMARKING 113 11.3 KEY STRATEGY ANALYSIS 113 11.4 LEADING PLAYERS (IN TERMS OF NUMBER OF DEVELOPMENTS) IN GLOBAL PUBLIC TRANSPORT MARKET 114 12 TRANSPORT AUTHORITIES 12.1 TRANSPORT FOR LONDON 115 12.1.1 COMPANY OVERVIEW 115 12.1.2 FINANCIAL OVERVIEW 116 12.1.3 PRODUCTS/SERVICES OFFERED 116 12.1.4 KEY DEVELOPMENTS (2015–2019) 117 12.1.5 SWOT ANALYSIS 117 12.1.6 KEY STRATEGIES 117 12.2 MTR CORPORATION 118 12.2.1 COMPANY OVERVIEW 118 12.2.2 FINANCIAL OVERVIEW 118 12.2.3 PRODUCTS/SERVICES OFFERED 119 12.2.4 KEY DEVELOPMENTS (2015–2019) 119 12.2.5 SWOT ANALYSIS 119 12.2.6 KEY STRATEGIES 119 12.3 BAY AREA RAPID TRANSIT (BART) 120 12.3.1 COMPANY OVERVIEW 120 12.3.2 FINANCIAL OVERVIEW 120 12.3.3 PRODUCTS/SERVICES OFFERED 121 12.3.4 KEY DEVELOPMENTS (2015–2019) 121 12.3.5 SWOT ANALYSIS 121 12.3.6 KEY STRATEGIES 121 12.4 CHICAGO TRANSIT AUTHORITY 122 12.4.1 COMPANY OVERVIEW 122 12.4.2 FINANCIAL OVERVIEW 122 12.4.3 PRODUCTS/SERVICES OFFERED 122 12.4.4 KEY DEVELOPMENTS (2015–2019) 123 12.4.5 SWOT ANALYSIS 123 12.4.6 KEY STRATEGIES 123 12.5 THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY 124 12.5.1 COMPANY OVERVIEW 124 12.5.2 FINANCIAL OVERVIEW 124 12.5.3 PRODUCTS/SERVICES OFFERED 125 12.5.4 KEY DEVELOPMENTS (2015–2019) 125 12.5.5 SWOT ANALYSIS 125 12.5.6 KEY STRATEGIES 125 12.6 MASSACHUSETTS BAY TRANSPORTATION AUTHORITY 126 12.6.1 COMPANY OVERVIEW 126 12.6.2 FINANCIAL OVERVIEW 126 12.6.3 PRODUCTS/SERVICES OFFERED 127 12.6.4 KEY DEVELOPMENTS (2015–2019) 127 12.7 MADRID METRO 128 12.7.1 COMPANY OVERVIEW 128 12.7.2 FINANCIAL OVERVIEW 128 12.7.3 PRODUCTS/SERVICES OFFERED 129 12.7.4 KEY DEVELOPMENTS (2015–2019) 129 12.8 METROPOLITAN TRANSPORTATION AUTHORITY 130 12.8.1 COMPANY OVERVIEW 130 12.8.2 FINANCIAL OVERVIEW 130 12.8.3 PRODUCTS/SERVICES OFFERED 131 12.8.4 KEY DEVELOPMENTS (2015–2019) 131 12.9 THE SAN DIEGO METROPOLITAN TRANSIT SYSTEM 132 12.9.1 COMPANY OVERVIEW 132 12.9.2 FINANCIAL OVERVIEW 132 12.9.3 PRODUCTS/SERVICES OFFERED 133 12.9.4 KEY DEVELOPMENTS (2015–2019) 133 12.10 SEOUL METRO 134 12.10.1 COMPANY OVERVIEW 134 12.10.2 PRODUCTS/SERVICES OFFERED 134 12.10.3 KEY DEVELOPMENTS (2015–2019) 134

LIST OF TABLES TABLE 1 LIST OF ASSUMPTIONS 16 TABLE 2 MAJOR GRANTED PATENTS ON PUBLIC TRANSPORT (AUGUST 10, 2015 – AUGUST 10, 2019) 38 TABLE 3 PUBLIC TRANSPORT: REGULATORY LANDSCAPE 41 TABLE 4 GLOBAL PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017–2025 (USD MILLION) 43 TABLE 5 GLOBAL PUBLIC TRANSPORT MARKET, BY TYPE, 2017–2025 (UNITS) 44 TABLE 6 GLOBAL PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017–2025 (USD MILLION) 46 TABLE 7 GLOBAL PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017–2025 (UNITS) 46 TABLE 8 GLOBAL PUBLIC TRANSPORT INVESTMENT, BY REGION, 2017-2025 (USD MILLION) 48 TABLE 9 GLOBAL PUBLIC TRANSPORT MARKET, BY COUNTRY, 2017-2025 (UNITS) 50 TABLE 10 NORTH AMERICA: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2017-2025 (USD MILLION) 51 TABLE 11 NORTH AMERICA: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2017-2025 (UNITS) 52 TABLE 12 NORTH AMERICA: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 53 TABLE 13 NORTH AMERICA: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 53 TABLE 14 NORTH AMERICA: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 54 TABLE 15 NORTH AMERICA: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 55 TABLE 16 US: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 56 TABLE 17 US: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 57 TABLE 18 US: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 57 TABLE 19 US: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 58 TABLE 20 CANADA: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 59 TABLE 21 CANADA: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 60 TABLE 22 CANADA: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 60 TABLE 23 CANADA: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 61 TABLE 24 MEXICO: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 62 TABLE 25 MEXICO: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 63 TABLE 26 MEXICO: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 64 TABLE 27 MEXICO: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 64 TABLE 28 EUROPE: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2017-2025 (USD MILLION) 65 TABLE 29 EUROPE: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2017-2025 (UNITS) 66 TABLE 30 EUROPE: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 67 TABLE 31 EUROPE: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 68 TABLE 32 EUROPE: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 69 TABLE 33 EUROPE: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 69 TABLE 34 GERMANY: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 70 TABLE 35 GERMANY: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 71 TABLE 36 GERMANY: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 71 TABLE 37 GERMANY: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 72 TABLE 38 FRANCE: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 73 TABLE 39 FRANCE: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 74 TABLE 40 FRANCE: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 75 TABLE 41 FRANCE: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 75 TABLE 42 UK: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 76 TABLE 43 UK: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 77 TABLE 44 UK: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 77 TABLE 45 UK: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 78 TABLE 46 ITALY: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 78 TABLE 47 ITALY: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 79 TABLE 48 ITALY: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 80 TABLE 49 ITALY: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 80 TABLE 50 REST OF EUROPE: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 81 TABLE 51 REST OF EUROPE: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 82 TABLE 52 REST OF EUROPE: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 83 TABLE 53 REST OF EUROPE: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 83 TABLE 54 ASIA-PACIFIC: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2017-2025 (USD MILLION) 84 TABLE 55 ASIA-PACIFIC: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2017-2025 (UNITS) 85 TABLE 56 ASIA-PACIFIC: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 86 TABLE 57 ASIA-PACIFIC: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 86 TABLE 58 ASIA-PACIFIC: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 87 TABLE 59 ASIA-PACIFIC: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 88 TABLE 60 CHINA: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 89 TABLE 61 CHINA: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 89 TABLE 62 CHINA: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 90 TABLE 63 CHINA: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 91 TABLE 64 INDIA: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 91 TABLE 65 INDIA: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 92 TABLE 66 INDIA: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 93 TABLE 67 INDIA: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 93 TABLE 68 JAPAN: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 94 TABLE 69 JAPAN: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 95 TABLE 70 JAPAN: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 95 TABLE 71 JAPAN: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 96 TABLE 72 REST OF ASIA-PACIFIC: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 97 TABLE 73 REST OF ASIA-PACIFIC: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 97 TABLE 74 REST OF ASIA-PACIFIC: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 98 TABLE 75 REST OF ASIA-PACIFIC: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 99 TABLE 76 REST OF THE WORLD: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2017-2025 (USD MILLION) 100 TABLE 77 REST OF THE WORLD: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2018 (%VOLUME SHARE) 101 TABLE 78 REST OF THE WORLD: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2017-2025 (UNITS) 101 TABLE 79 REST OF THE WORLD: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 101 TABLE 80 REST OF THE WORLD: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 102 TABLE 81 REST OF THE WORLD: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 103 TABLE 82 REST OF THE WORLD: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 103 TABLE 83 SOUTH AMERICA: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 104 TABLE 84 SOUTH AMERICA: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 105 TABLE 85 SOUTH AMERICA: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 105 TABLE 86 SOUTH AMERICA: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 106 TABLE 87 MIDDLE EAST AND AFRICA: PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2017-2025 (USD MILLION) 107 TABLE 88 MIDDLE EAST AND AFRICA: PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (UNITS) 107 TABLE 89 MIDDLE EAST AND AFRICA: PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2017-2025 (USD MILLION) 108 TABLE 90 MIDDLE EAST AND AFRICA: PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (UNITS) 109 TABLE 91 MOBILITY AS A SERVICE MARKET, BY SERVICE, 2017-2025 (USD MILLION) 110 TABLE 92 LIST OF ACTIVE PLAYERS IN THE GLOBAL PUBLIC TRANSPORT MARKET 114 TABLE 93 TRANSPORT FOR LONDON: PRODUCTS/SERVICES OFFERED 116 TABLE 94 TRANSPORT FOR LONDON: KEY DEVELOPMENTS 117 TABLE 95 MTR CORPORATION: PRODUCTS/SERVICES OFFERED 119 TABLE 96 MTR CORPORATION: KEY DEVELOPMENTS 119 TABLE 97 BAY AREA RAPID TRANSIT (BART): PRODUCTS/SERVICES OFFERED 121 TABLE 98 BAY AREA RAPID TRANSIT (BART): KEY DEVELOPMENTS 121 TABLE 99 CHICAGO TRANSIT AUTHORITY: PRODUCTS/SERVICES OFFERED 122 TABLE 100 CHICAGO TRANSIT AUTHORITY: KEY DEVELOPMENTS 123 TABLE 101 THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY: PRODUCTS/SERVICES OFFERED 125 TABLE 102 THE MASSACHUSETTS BAY TRANSPORTATION AUTHORITY: PRODUCTS/SERVICES OFFERED 127 TABLE 103 THE MASSACHUSETTS BAY TRANSPORTATION AUTHORITY: KEY DEVELOPMENTS 127 TABLE 104 MADRID METRO: PRODUCTS/SERVICES OFFERED 129 TABLE 105 METROPOLITAN TRANSPORTATION AUTHORITY: PRODUCTS/SERVICES OFFERED 131 TABLE 106 METROPOLITAN TRANSPORTATION AUTHORITY: KEY DEVELOPMENTS 131 TABLE 107 THE SAN DIEGO METROPOLITAN TRANSIT SYSTEM: PRODUCTS/SERVICES OFFERED 133 TABLE 108 SEOUL METRO: PRODUCTS/SERVICES OFFERED 134LIST OF FIGURES FIGURE 1 MARKET SYNOPSIS 14 FIGURE 2 GLOBAL PUBLIC TRANSPORT MARKET: MARKET STRUCTURE 17 FIGURE 3 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL PUBLIC TRANSPORT MARKET, 2018, BY REGION 17 FIGURE 4 GLOBAL PUBLIC TRANSPORT MARKET, BY TYPE, 2017-2025 (USD MILLION) 18 FIGURE 5 GLOBAL PUBLIC TRANSPORT MARKET, BY APPLICATION, 2017-2025 (USD MILLION) 19 FIGURE 6 GLOBAL PUBLIC TRANSPORT MARKET: KEY BUYING CRITERIA 19 FIGURE 7 RESEARCH PROCESS OF MRFR 20 FIGURE 8 TOP-DOWN & BOTTOM-UP APPROACHES 23 FIGURE 9 NORTH AMERICA: PUBLIC TRANSPORT MARKET SIZE & MARKET SHARE BY COUNTRY, BY INVESTMENT (2018 VS 2025) 24 FIGURE 10 EUROPE: PUBLIC TRANSPORT MARKET SIZE & MARKET SHARE BY COUNTRY, BY INVESTMENT (2018 VS 2025) 25 FIGURE 11 ASIA-PACIFIC: PUBLIC TRANSPORT MARKET SIZE & MARKET SHARE BY COUNTRY, BY INVESTMENT (2018 VS 2025) 25 FIGURE 12 ROW: PUBLIC TRANSPORT MARKET SIZE & MARKET SHARE BY REGION, BY INVESTMENT (2018 VS 2025) 26 FIGURE 13 DRO ANALYSIS: GLOBAL PUBLIC TRANSPORT MARKET 27 FIGURE 14 GLOBAL URBAN POPULATION GROWTH, 2014–2018 29 FIGURE 15 DRIVERS IMPACT ANALYSIS: GLOBAL PUBLIC TRANSPORT MARKET 30 FIGURE 16 RESTRAINTS IMPACT ANALYSIS: PUBLIC TRANSPORT MARKET 31 FIGURE 17 GLOBAL PUBLIC TRANSPORT MARKET: PORTER'S FIVE FORCES ANALYSIS 32 FIGURE 18 SUPPLY CHAIN ANALYSIS: GLOBAL PUBLIC TRANSPORT MARKET 35 FIGURE 19 GLOBAL PUBLIC TRANSPORT INVESTMENT, BY TYPE, 2018 (%SHARE) 42 FIGURE 20 GLOBAL PUBLIC TRANSPORT MARKET, BY TYPE, 2018 (%VOLUME SHARE) 44 FIGURE 21 GLOBAL PUBLIC TRANSPORT INVESTMENT, BY APPLICATION, 2018 (%SHARE) 45 FIGURE 22 GLOBAL PUBLIC TRANSPORT MARKET, BY APPLICATION, 2018 (%VOLUME SHARE) 46 FIGURE 23 GLOBAL PUBLIC TRANSPORT INVESTMENT, BY REGION, 2018 (%SHARE) 48 FIGURE 24 GLOBAL PUBLIC TRANSPORT MARKET, BY REGION, 2018 (%VOLUME SHARE) 49 FIGURE 25 NORTH AMERICA: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2018 (%SHARE) 51 FIGURE 26 NORTH AMERICA: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2018 (%VOLUME SHARE) 52 FIGURE 27 EUROPE: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2018 (%SHARE) 65 FIGURE 28 EUROPE: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2018 (%VOLUME SHARE) 66 FIGURE 29 ASIA-PACIFIC: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2018 (%SHARE) 84 FIGURE 30 ASIA-PACIFIC: PUBLIC TRANSPORT MARKET, BY COUNTRY, 2018 (%VOLUME SHARE) 85 FIGURE 31 REST OF THE WORLD: PUBLIC TRANSPORT INVESTMENT, BY COUNTRY, 2018 (%SHARE) 100 FIGURE 32 GLOBAL MOBILITY AS A SERVICE (MAAS) MARKET, BY SERVICE, 2025 (% SHARE) 110 FIGURE 33 BENCHMARKING OF MAJOR COMPETITORS 113 FIGURE 34 KEY STRATEGY ANALYSIS: GLOBAL PUBLIC TRANSPORT MARKET 113 FIGURE 35 TRANSPORT FOR LONDON: FINANCIAL SNAPSHOT, 2017–2019 116 FIGURE 36 TRANSPORT FOR LONDON: SWOT ANALYSIS 117 FIGURE 37 MTR CORPORATION: FINANCIAL OVERVIEW SNAPSHOT, 2016–2018 (USD MILLION) 118 FIGURE 38 MTR CORPORATION: SWOT ANALYSIS 119 FIGURE 39 BAY AREA RAPID TRANSIT (BART): SALES REVENUE, 2016–2018 (USD MILLION) 120 FIGURE 40 BAY AREA RAPID TRANSIT (BART): SWOT ANALYSIS 121 FIGURE 41 CHICAGO TRANSIT AUTHORITY: SALES REVENUE, 2016–2018 (USD MILLION) 122 FIGURE 42 CHICAGO TRANSIT AUTHORITY: SWOT ANALYSIS 123 FIGURE 43 THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY: SALES REVENUE, 2016–2018 (USD MILLION) 124 FIGURE 44 THE WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY: SWOT ANALYSIS 125 FIGURE 45 THE MASSACHUSETTS BAY TRANSPORTATION AUTHORITY: FINANCIAL SNAPSHOT, 2016–2018 126 FIGURE 46 MADRID METRO: FINANCIAL OVERVIEW SNAPSHOT, 2016–2017 (USD MILLION) 128 FIGURE 47 METROPOLITAN TRANSPORTATION AUTHORITY: SALES REVENUE, 2016–2018 (USD MILLION) 130 FIGURE 48 THE SAN DIEGO METROPOLITAN TRANSIT SYSTEM: SALES REVENUE, 2016–2018 (USD MILLION) 132

London (UK), MTR Corporation (Hong Kong), Bay Area Rapid Transit (BART) (US), Chicago Transit Authority (US), The Washington Metropolitan Area Transit Authority (US), Massachusetts Bay Transportation Authority (US), Madrid Metro (Spain), Metropolitan Transportation Authority (US), The San Diego Metropolitan Transit System (US), and Seoul Metro (South Korea)