Industry Analysis & Industry Trends
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. Heightened awareness of environmental issues also encouraged commuters to leave the car at home. Industry 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. Revenue is expected to increase 6.5% in 2012-13.
Buses and trams are major components of the public transport network in towns and cities across the country. Significant investment in the industry has cemented their place in major population centres like Brisbane, Melbourne and Sydney... purchase to read more
Industry Report - Industry Products Chapter
The industry's largest segment is private scheduled bus services along predetermined routes. The provision of this service used to be entirely public, with state transport departments establishing government companies to buy buses and hire drivers, as well as determining which areas received service and at what direct price to consumers. In a number of states, the government still provides the majority of services. However, in the larger markets of Victoria, Queensland, Western Australia and New South Wales, privatisation has occurred to a significant extent. This segment has grown explosively as a share of revenue since privatisation began in the early 1990s... purchase to read more