Public Transportation - ASEAN | Statista Market Forecast

ASEAN is expected to witness a significant growth in the Public Transportation market, with a projected revenue of US$7.00bn by 2024.
The market is expected to grow at an annual growth rate of 2.57%, resulting in a projected market volume of US$7.94bn by 2029.
By 2029, the number of users is expected to reach 412.70m users with a user penetration rate of 57.5%.
The average revenue per user (ARPU) is projected to be US$19.60.
Online sales are expected to contribute 23% of the total revenue in the Public Transportation market by 2029.
It is noteworthy that United States is expected to generate the highest revenue in the global comparison, amounting to US$52bn in 2024.
In the Philippines, the government's "Build, Build, Build" program is driving investment in public transportation infrastructure.

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 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.

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