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Public Transportation - Argentina

Argentina

Argentina is projected to experience a significant rise in revenue within the Public Transportation market, with a projected revenue of US$4.48bn in 2024.
This revenue is expected to exhibit an annual growth rate (CAGR 2024-2029) of 5.37%, reaching a projected market volume of US$5.82bn by 2029.
Additionally, it is estimated that the number of users in the Public Transportation market sector will amount to 29.92m users by 2029, with a projected user penetration of 61.1% in 2024 and 63.1% by 2029.
The average revenue per user (ARPU) is expected to remain steady at US$159.10.
Furthermore, it is predicted that 20% of the total revenue in the Public Transportation market sector will be generated through online sales by 2029.
In comparison with other countries across the globe, it is expected that United States will generate the most revenue within this market, with a projected revenue of US$52bn in 2024.
Argentina's public transportation sector is undergoing modernization efforts, including the introduction of new buses and the implementation of electronic payment systems.

Key regions: South America, Malaysia, China, Thailand, United States

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Analyst Opinion

The Public Transportation market in Argentina is experiencing significant growth and development. Customer preferences are shifting towards more sustainable and cost-effective modes of transportation, leading to an increased demand for public transportation services. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the growth of the market. Customer preferences in Argentina are increasingly focused on sustainability and cost-effectiveness. With growing concerns about climate change and environmental impact, many consumers are choosing public transportation as a more eco-friendly alternative to private vehicles. Public transportation also offers cost savings compared to owning and maintaining a car, making it an attractive option for budget-conscious individuals. As a result, there is a growing demand for public transportation services in Argentina. The trends in the public transportation market in Argentina reflect these changing customer preferences. There has been a significant investment in improving and expanding public transportation infrastructure, including the construction of new subway lines, bus lanes, and train networks. This expansion aims to provide better accessibility and connectivity for commuters, making public transportation a more convenient and efficient option. Additionally, there has been a focus on improving the quality and reliability of public transportation services, with initiatives to modernize fleets and implement advanced ticketing and information systems. Local special circumstances in Argentina also contribute to the development of the public transportation market. The country has a large urban population, with many people living in densely populated cities. This concentration of population creates a high demand for efficient transportation solutions, leading to the growth of the public transportation sector. Additionally, Argentina has a strong cultural tradition of using public transportation, with many people relying on buses, trains, and subways for their daily commute. Underlying macroeconomic factors also play a role in the growth of the public transportation market in Argentina. The country has experienced periods of economic instability, which can make car ownership and maintenance more expensive and less feasible for many individuals. As a result, public transportation becomes a more attractive option, offering a cost-effective and reliable means of transportation. Furthermore, government initiatives and policies aimed at promoting public transportation and reducing traffic congestion have also contributed to the growth of the market. In conclusion, the Public Transportation market in Argentina is developing due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Customers are increasingly choosing public transportation for its sustainability and cost-effectiveness. The market is experiencing trends such as infrastructure expansion and service improvement to meet the growing demand. The country's urban population and cultural tradition of using public transportation also contribute to the market's growth. Additionally, economic factors and government initiatives play a role in promoting public transportation as a viable transportation option.

Methodology

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.