The Scheduled Bus & Coach Services Market Grew by 5% to Reach GBP 5.48bn in the UK.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c46847) has announced the addition of Bus & Coach Operators Market Report 2006 to their offering. The British market for scheduled bus and coach services, including concessionary fare reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. , but excluding other forms of government support, grew by 5% in real terms in 2005/2006, to reach [pounds sterling]5.48bn. At the same time, bus patronage is increasing overall, but it is being driven by growth in London, Scotland and Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. . Bus patronage in England outside London declined between 2000/2001 and 2005/2006. Including public transport support and bus operators service grants the total market was worth [pounds sterling]6.86bn in 2005/2006. Over the 2000/2001 to 2005/2006 period, the level of government support for local services increased by 49.9%, while passenger receipts (excluding concessionary fare reimbursement) increased by 25.7% for local services. Despite the growing level of government subsidy, the UK remains relatively low compared with other EU countries. The increase in government support is set against a strategic framework set up in the Government's 10-year plan for Transport for 2000 to 2010. One of the target aims of the plan was to increase bus patronage outside London by 10% over the period. The attainment of the target is through the culmination of local transport plans, quality partnerships and service development initiatives, particularly the Kickstart initiative. The framework and methods by which improvements to local bus services are taking place are being locally driven, but they are also enveloped en·vel·op tr.v. en·vel·oped, en·vel·op·ing, en·vel·ops 1. To enclose or encase completely with or as if with a covering: "Accompanying the darkness, a stillness envelops the city" in an agreement with the bus industry to improve services. The agreement through the Confederation A union of states in which each member state retains some independent control over internal and external affairs. Thus, for international purposes, there are separate states, not just one state. of Passenger Transport requires members to run 99.5% of their scheduled mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his except in circumstances where it is beyond their control, achieve and maintain an average fleet age of 8 years, ensure that 50% of the fleet is accessible by 2010/2011, and the level of public satisfaction with passenger information at bus stops improves. In 2005/2006, 99% of scheduled mileage was undertaken, the average age of the fleet was 7.8 years, accessibility had reached 50% and passenger satisfaction with bus stop information was 69% compared with 66% the previous year. The improvements to bus services have been coincident co·in·ci·dent adj. 1. Occupying the same area in space or happening at the same time: a series of coincident events. See Synonyms at contemporary. 2. with the growth in local bus service patronage overall but patronage outside London in England and non-local bus patronage has declined. Against the background of slow and steady improvement to local bus patronage overall the industry has been relatively stable. The high level of concentration among five major operators that formed in the 1990s has been maintained. The top five operators account for 72% of the market in 2006, up from 69% in 2002, as a result of acquisition and organic growth. The coach market is dominated by National Express. The extension of national concessionary fares to England in 2008 and the momentum behind Kickstart schemes should continue to ensure that the local bus service market grows, but the long-term forecast for non-local coaches is stable at best. Topics Covered 1. Market Definition 2. Market Size 3. Industry Background 4. Competitor Analysis Competitor analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors. Created by Michael Porter competitor analysis focuses on four key aspects: competitor's objectives, competitor's assumptions, 5. Strengths, Weaknesses, Opportunities and Threats 6. Buying Behaviour 7. Current Issues 8. The Global Market 9. Forecasts 10. Company Profiles 11. Consumer Confidence 12. Further Sources Companies Mentioned Arriva Plc Firstgroup Plc FirstGroup plc (LSE: FGP) is a Scottish transport company operating in the United Kingdom, Ireland and North America, with headquarters in Aberdeen. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The Go-ahead Group The Go-Ahead Group is a rail and bus operating company that was created following the liberalisation of the UK's train and bus industries. History Go-Ahead was initially formed as the Gateshead-based Go-Ahead Northern when the management team acquired that company during Plc National Express Group Plc Stagecoach stagecoach, heavy, closed vehicle on wheels, usually drawn by horses, formerly used to transport passengers and goods overland. Throughout the Middle Ages and until about the end of the 18th cent. Group Plc For more information visit http://www.researchandmarkets.com/reports/c46847 |
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