Public Transportation - Armenia | Statista Market Forecast

Armenia is expected to witness a significant growth in revenue for the Public Transportation market.
The revenue in this sector is projected to reach US$130.30m in 2024.
Furthermore, the revenue is estimated to grow annually at a rate of 4.22%, resulting in a projected market volume of US$160.20m by 2029.
In terms of the number of users, the Public Transportation market is expected to witness an increase and is projected to amount to 2.19m users by 2029.
It is estimated that user penetration will increase from 72.0% in 2024 to 79.0% by 2029.
The average revenue per user (ARPU) is expected to be US$65.16.
In addition, the online sales in this market are projected to account for 23% of total revenue by 2029.
It is worth noting that United States is anticipated to generate the most revenue in global comparison, amounting to US$52bn in 2024.
Despite government efforts to improve public transportation in Armenia, outdated infrastructure and limited funding continue to hinder its growth and accessibility for citizens.

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 Armenia is experiencing significant growth and development in recent years.

Customer preferences: Armenian customers are increasingly opting for public transportation as their preferred mode of travel. This can be attributed to several factors, including the rising cost of fuel and the increasing awareness of the environmental impact of private vehicles. Additionally, the convenience and efficiency of public transportation systems are appealing to customers who want to avoid traffic congestion and parking issues in urban areas.

Trends in the market: One of the key trends in the Armenian Public Transportation market is the expansion and modernization of existing infrastructure. This includes the introduction of new bus routes, the renovation of existing bus stations, and the implementation of advanced ticketing systems. These improvements are aimed at providing a more comfortable and convenient experience for passengers, as well as increasing the overall capacity of the public transportation system. Another trend in the market is the integration of technology into public transportation services. This includes the introduction of mobile apps for trip planning and ticket purchasing, as well as the use of real-time data to improve service reliability and efficiency. These technological advancements are aimed at attracting a younger and tech-savvy customer base, as well as improving the overall customer experience.

Local special circumstances: Armenia is a landlocked country with a relatively small population, which presents unique challenges and opportunities for the Public Transportation market. The country's mountainous terrain and harsh winters can make transportation infrastructure difficult to build and maintain. However, the compact size of the country and the high population density in urban areas make it feasible to develop an efficient and effective public transportation system.

Underlying macroeconomic factors: The growth and development of the Public Transportation market in Armenia are also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and a higher standard of living. This has resulted in a greater demand for public transportation services, as more people are able to afford to travel and commute. Furthermore, the government of Armenia has been actively promoting the use of public transportation as a sustainable and cost-effective solution for transportation needs. This includes the implementation of policies and initiatives aimed at improving the quality and accessibility of public transportation services. These efforts have contributed to the growth and development of the Public Transportation market in Armenia. In conclusion, the Public Transportation market in Armenia is experiencing significant growth and development, driven by customer preferences for cost-effective and sustainable transportation options. The expansion and modernization of infrastructure, the integration of technology, and the support of the government are all contributing to the positive trends in the market. Despite the unique challenges posed by the country's geography and climate, the Public Transportation market in Armenia is poised for continued growth in the coming years.

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.