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Market Analysis and Sizing
Analysis to estimate the size of a potential
market for new transit service is a standard part of many
feasibility studies conducted by Nelson\Nygaard. Our work
has helped transit agencies, cities, and private firms assess
the market opportunity for new products and services. We utilize
many types of data to understand a market, including Census,
GIS, and transit ridership figures. In some cases we develop
a demand model to identify the key factors affecting the viability
of new transit or car sharing service.
Demand Modeling
Our expertise in combing geographic, population,
and on-site survey data enables us to develop models that
can predict the level of service a market can sustain. In
addition to demographic data, we account for the physical
factors such as residential and employment density, street
connectivity, and the location of major institutions.
Ridership Projections
Often a critical step in securing public
investment dollars, our ridership projections for new transit
service are carefully scrutinized by public agencies and the
public. We are widely trusted to deliver realistic estimates
of market viability for transit, ride sharing and car sharing
services.
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