BRIC Nations Set to Strengthen their Lead in the $7.49BN Global Mass Transit Security Market

Wednesday 29 January 2014, Amsterdam

Fresh research by industry analysts has revealed that the mass transit security market is very likely to be dominated by the majority of the so called ‘BRIC’ nations (Brazil, Russia, India, China) all the way up until 2024. Currently three of the top positions in the market are occupied by a combination of these countries, a situation that is unlikely to change as the market increases from an anticipated $7.49bn in 2014.

In addition, the latest report, entitled Mass Transit Security Market Forecast 2014-2024: Future Prospects for Leading Players in Public Transport Security predicts that the United Kingdom is likely to outstrip other major countries within the European Union when it comes to mass transit security expenditure. Indeed, with its 7.9% CAGR between 2014 and 2024 the UK will only be behind India when it comes to market growth, far ahead of France and even Germany.

As well as detailed market analysis, the mass transit security report provides insight into 12 national market forecasts, 12 national market drivers and restraints, detailed evaluations of recent mass transit terrorist incidents, and key mass transit security contracts and programmes that have been awarded and since 2009. An in depth SWOT analysis of the market, as well as key trends and the contribution of leading companies, is also present.
This key information is enhanced by an exclusive interview conducted with a mass transit security representative from Edesix.

The lead analyst responsible for the mass transit security research summarised their findings: “Overall our research has identified that although the mass transit security market often receives less funding than its more high profile aviation counterpart, several drivers will ensure that it undergoes small, but steady, growth within the next ten years. Unlike in the past, much of this growth will not be induced by expenditure within the United States, thanks to that country’s continued scaling back of its related security programs and its ongoing inability to secure large scale transport infrastructure investment. The latter is particularly important to the mass transit security market and is one of the primary reasons that the United Kingdom, with its expected Crossrail and HS2 projects, will be one the fastest growing national markets in the next decade.  
 
Instead many of the BRIC nations will be the drivers of mass transit security growth up to 2024. Brazil in particular is a key nation in this regard, owing to both its need to both build and secure new transportation systems capable of handling the great deal of users that will arrive for the 2014 FIFA World Cup and the 2016 Rio Olympics. Following a spate of high profile criminal incidents and terrorist attacks both Russia and India will also be attempting to assuage public demands for greater security aboard transit platforms, although owing to budget constraints Russia’s efforts are likely to be severely hindered following the Sochi Winter Olympics, regardless of government plans. Of course the Chinese market is unlikely to face any such restrictions, allowing it to enjoy its position as market leader beyond 2024.”

The Mass Transit Security Market Forecast 2014-2024: Future Prospects for Leading Players in Public Transport Security report is an invaluable reference for current and future investors in public transportation or transit services as well the mass transit security industry. With its thorough analysis, 185 pages and 161 tables and figures, the report is also essential for researchers and companies who need to rapidly understand the composition of the market and the future outlook of its most important national markets.