Public Transportation - Asia | Statista Market Forecast

Asia is expected to see a significant growth in the Public Transportation market.
By 2024, the projected revenue is estimated to reach US$81.80bn in this market.
Additionally, the revenue is expected to exhibit a Compound Annual Growth Rate (CAGR 2024-2029) of 3.15%, resulting in the market volume reaching US$95.53bn by 2029.
In the same period, the number of users in Asia is expected to increase to 3.21bn users.
The user penetration rate is expected to grow from 60.8% in 2024 to 68.6% by 2029.
The average revenue per user (ARPU) in Asia's Public Transportation market is projected to amount to US$29.60.
Furthermore, it is estimated that 24% of the total revenue in Asia's Public Transportation market will be generated through online sales by 2029.
In global comparison, United States is expected to generate the highest revenue in this market, with a projected revenue of US$52bn in 2024.
In Japan, public transportation is highly efficient and punctual, with an extensive network of trains and buses connecting even the most remote areas.

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.

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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 Asia is experiencing significant growth and development due to various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Asia are shifting towards more sustainable and efficient modes of transportation, leading to an increased demand for public transportation. With growing concerns about environmental pollution and traffic congestion, customers are opting for public transportation as a convenient and eco-friendly alternative. Additionally, the rising urban population and increasing middle-class income levels are also driving the demand for public transportation in Asia. Trends in the market indicate a shift towards the adoption of technology and innovation in the public transportation sector. Many countries in Asia are investing in smart transportation systems, such as integrated ticketing systems, real-time data tracking, and mobile applications for commuters. These technological advancements enhance the overall efficiency and convenience of public transportation, attracting more customers to use these services. Local special circumstances in different countries in Asia also contribute to the development of the public transportation market. For example, in highly urbanized cities like Tokyo and Singapore, limited space and high population density make public transportation a necessity. Governments in these countries have implemented policies to prioritize public transportation infrastructure, such as building extensive metro networks and improving bus services. In contrast, in countries with vast land areas like China and India, improving public transportation is crucial to address the challenges of urbanization and reduce reliance on private vehicles. Underlying macroeconomic factors are also playing a significant role in the growth of the public transportation market in Asia. Rapid economic growth in many Asian countries has led to increased urbanization and a higher demand for transportation services. Governments are investing heavily in infrastructure development, including public transportation, to support economic growth and improve connectivity within and between cities. Additionally, rising fuel prices and the cost of private vehicle ownership are making public transportation a more affordable option for many people. Overall, the Public Transportation market in Asia is experiencing growth and development due to changing customer preferences, technological advancements, local special circumstances, and underlying macroeconomic factors. As the region continues to urbanize and prioritize sustainable transportation solutions, the market is expected to further expand 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.

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