Public Transportation - Albania | Statista Market Forecast

Albania's Public Transportation market is predicted to achieve a revenue of US$136.20m in 2024.
It is expected to have an annual growth rate of 3.99% between 2024-2029, resulting in a projected market volume of US$165.60m by 2029.
Furthermore, the number of users in the Public Transportation market is estimated to be 2.12m users by 2029.
In 2024, user penetration is projected to be 69.8%, which will increase to 75.9% by 2029.
The average revenue per user (ARPU) is anticipated to be US$69.08.
Additionally, 17% of the total revenue will be generated through online sales by 2029.
It is noteworthy that United States will generate the most revenue (US$52bn in 2024) in comparison to other countries globally.
Despite recent investments, Albania's public transportation system still faces challenges with outdated infrastructure and limited routes.

Definition:

Local public transportation is used to transport people in everyday traffic by road, water, railway tracks, and sometimes by air (cable car) for local and regional transportation. In this market, revenues generated by ticket sales from public transportation companies, such as BVG (Berlin Transport Company), TfL (Transport for London), or Toei (東京都交通局: Tokyo Metropolitan Bureau of Transportation) are considered. Most providers sell single and group tickets or time-limited tickets for up to one year. This market does not take long-distance public transportation with national travel offerings into consideration.

Additional Information:

The main performance indicators of the Flights market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Local and regional public transportation by road, water, rail, and air
Regular transportation by bus, train, tram, subway, suburban trains, ferries, cable car, and trolleybus
All online and offline bookings for public transportation tickets and subscriptions, irrespective of the sales channel
Time-limited subscriptions and single tickets

Tickets for long-distance public transportation with nationwide travel offers
Private transportation
Freight transportation

The Public Transportation market in Albania has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in Albania have shifted towards more sustainable and cost-effective transportation options, leading to an increased demand for public transportation. With rising concerns about environmental issues and the high cost of owning and maintaining a private vehicle, many Albanians are opting for public transportation as a convenient and affordable alternative. This shift in customer preferences has been further fueled by the improved quality and availability of public transportation services in the country. Trends in the market have also played a crucial role in the development of the Public Transportation market in Albania. The government has made significant investments in the sector, improving infrastructure and expanding the public transportation network. This has resulted in a more efficient and reliable public transportation system, attracting more customers. Additionally, technological advancements have enabled the introduction of innovative solutions such as mobile ticketing and real-time tracking, enhancing the overall customer experience and making public transportation more accessible and convenient. Local special circumstances have further contributed to the growth of the Public Transportation market in Albania. The country's urban areas, especially the capital city of Tirana, face significant traffic congestion and limited parking spaces. As a result, many residents and commuters are turning to public transportation as a more practical and efficient mode of transportation. Furthermore, the government has implemented policies to promote the use of public transportation, including the introduction of dedicated bus lanes and the restriction of private vehicles in certain areas during peak hours. Underlying macroeconomic factors have also played a role in the development of the Public Transportation market in Albania. The country's improving economy has led to an increase in disposable income, allowing more people to afford public transportation fares. Additionally, the government's focus on sustainable development and reducing carbon emissions has created a favorable environment for the growth of the public transportation sector. In conclusion, the Public Transportation market in Albania has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable and cost-effective transportation options, along with government investments in infrastructure and technological advancements, has led to an increased demand for public transportation. The country's urban areas and improving economy have further contributed to this growth.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of public transportation.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.