Key regions: South America, Malaysia, China, Thailand, United States
The Public Transportation market in ASEAN is experiencing significant growth and development due to various factors. Customer preferences are shifting towards more sustainable and convenient modes of transportation, leading to increased demand for public transportation services. Additionally, local special circumstances in each country are driving the expansion and improvement of public transportation systems. Furthermore, underlying macroeconomic factors, such as urbanization and population growth, are contributing to the overall growth of the market. Customer preferences in ASEAN are increasingly focused on sustainability and convenience. As awareness of environmental issues grows, more people are opting for public transportation as a greener alternative to private vehicles. Moreover, the increasing congestion in urban areas is making public transportation a more convenient option for commuters who want to avoid traffic jams and save time. These customer preferences are driving the demand for public transportation services in the region. Trends in the market show that governments in ASEAN countries are investing heavily in improving and expanding their public transportation systems. This includes the development of new metro lines, bus rapid transit systems, and the introduction of modern technologies to enhance the efficiency and reliability of public transportation services. These investments are aimed at meeting the growing demand for public transportation and providing commuters with reliable and comfortable transportation options. Local special circumstances in each ASEAN country also play a significant role in the development of the public transportation market. For example, in Singapore, the government has implemented strict measures to control car ownership and usage, making public transportation the primary mode of transport for most residents. In Indonesia, the government is focusing on improving the connectivity between different cities and regions through the development of new railway lines and intercity bus networks. These local circumstances are driving the expansion and improvement of public transportation systems in each country. Underlying macroeconomic factors such as urbanization and population growth are also contributing to the growth of the public transportation market in ASEAN. As more people move to urban areas, the demand for transportation services increases. Public transportation becomes essential in providing efficient and affordable transportation options for the growing population. Additionally, the increasing urbanization and population growth lead to higher traffic congestion, making public transportation a more attractive option for commuters. In conclusion, the Public Transportation market in ASEAN is experiencing significant growth and development due to customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable and convenient modes of transportation, along with government investments and initiatives, are driving the expansion and improvement of public transportation systems in the region. The increasing urbanization and population growth further contribute to the growing demand for public transportation services.
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.
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