Public Transportation - Angola | Statista Market Forecast

Angola is expected to witness a significant growth in the Public Transportation market, with the revenue projected to reach US$384.80m by 2024.
This growth is anticipated to continue, with an annual growth rate (CAGR 2024-2029) of 4.74%, resulting in a projected market volume of US$485.10m by 2029.
The number of users in this market is also expected to increase, with a projected amount of 16.85m users by 2029.
The user penetration rate is expected to rise from 33.2% in 2024 to 38.6% by 2029.
The average revenue per user (ARPU) is expected to be US$30.69.
Furthermore, it is projected that 17% of the total revenue in this market will be generated through online sales by 2029.
It is worth mentioning that in global comparison, United States is expected to generate the most revenue in the Public Transportation market, with a projection of US$52bn in 2024.
Angola's public transportation sector is facing challenges due to inadequate infrastructure and lack of investment.

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 Angola is experiencing significant growth and development due to several key factors.

Customer preferences: Angolan customers are increasingly opting for public transportation as their preferred mode of travel. This shift in preference can be attributed to several factors. Firstly, public transportation offers a more cost-effective option compared to private vehicles, which can be expensive to purchase, maintain, and fuel. Additionally, public transportation provides a convenient and efficient means of travel, especially in congested urban areas where traffic can be a major issue. Furthermore, the younger generation in Angola is more environmentally conscious and is actively seeking sustainable transportation options, making public transportation an attractive choice.

Trends in the market: One of the major trends in the Public Transportation market in Angola is the expansion and modernization of existing infrastructure. The government has been investing heavily in improving the public transportation network, including the construction of new roads, bridges, and railway lines. This has not only improved connectivity within major cities but has also enhanced accessibility to remote areas. Moreover, the introduction of new technologies, such as smart ticketing systems and real-time tracking, has made public transportation more user-friendly and efficient. Another trend in the market is the increasing adoption of electric and hybrid vehicles in public transportation. This shift towards greener alternatives is driven by both environmental concerns and the desire to reduce dependency on fossil fuels. Electric and hybrid buses are not only more environmentally friendly but also offer lower operating costs in the long run. As a result, many public transportation operators in Angola are gradually replacing their conventional diesel-powered vehicles with electric or hybrid alternatives.

Local special circumstances: Angola's public transportation market is also influenced by local special circumstances. The country's rapid urbanization and population growth have led to increased demand for reliable and efficient transportation options. The majority of Angola's population resides in urban areas, and the need for affordable and accessible public transportation is crucial to support economic activities and improve the quality of life for its citizens.

Underlying macroeconomic factors: The development of the Public Transportation market in Angola is also supported by underlying macroeconomic factors. The government's focus on infrastructure development and diversification of the economy has created opportunities for investment in the transportation sector. Additionally, Angola's growing middle class and rising disposable incomes have contributed to increased demand for public transportation services. In conclusion, the Public Transportation market in Angola is witnessing significant growth and development due to customer preferences for cost-effective and convenient travel options, the expansion and modernization of infrastructure, the adoption of electric and hybrid vehicles, local special circumstances such as rapid urbanization, and underlying macroeconomic factors. These factors are driving the transformation of the public transportation sector in Angola and are likely to continue shaping its future 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.