Public Transportation - Australia

Australia's Public Transportation market is expected to experience a significant growth in revenue in the coming years, with a projected revenue of US$3.84bn by 2024.
The market is projected to grow at an annual growth rate of 1.19%, resulting in a market volume of US$4.07bn by 2029.
By 2029, the number of users in the Public Transportation market is expected to reach 16.89m users.
The user penetration rate is projected to decrease from 56.8% in 2024 to 60.4% by 2029.
The average revenue per user (ARPU) is expected to be US$253.20.
Online sales are projected to contribute 30% of the total revenue in the Public Transportation market by 2029.
In comparison to other countries, United States is projected to generate the highest revenue in this market, with US$52bn in 2024.
Australia's public transportation system is improving with the implementation of new technologies and the expansion of services.

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 Australia is experiencing significant growth and development in recent years.

Customer preferences: Customers in Australia are increasingly opting for public transportation due to several reasons. Firstly, the rising awareness of environmental concerns has led to a shift towards more sustainable modes of transportation. Public transportation offers a greener alternative to private vehicles, reducing carbon emissions and congestion on the roads. Secondly, the convenience and cost-effectiveness of public transportation are appealing to customers. With the increasing urbanization and population density in major cities, public transportation provides a reliable and efficient means of commuting. Additionally, the affordability of public transportation compared to owning and maintaining a private vehicle makes it an attractive option for many Australians.

Trends in the market: One of the key trends in the Australian public transportation market is the expansion and improvement of existing infrastructure. The government has been investing heavily in upgrading and expanding public transportation networks across the country. This includes the construction of new railway lines, the introduction of light rail systems, and the expansion of bus networks. These infrastructure developments aim to provide better connectivity and accessibility for commuters, especially in areas with high population density or limited transportation options. Another trend in the market is the integration of technology in public transportation services. This includes the implementation of smart ticketing systems, real-time information updates, and mobile applications for trip planning and payment. These technological advancements enhance the overall customer experience by providing convenience, efficiency, and transparency in using public transportation.

Local special circumstances: Australia's vast geographical size and dispersed population present unique challenges for the public transportation market. In many regional and remote areas, the demand for public transportation is relatively low, making it economically unviable to provide extensive services. However, the government is working towards improving transportation options in these areas through initiatives such as subsidized bus services and community transport programs.

Underlying macroeconomic factors: The growth and development of the public transportation market in Australia are influenced by various macroeconomic factors. Population growth, particularly in major cities, increases the demand for transportation services. Additionally, government policies and regulations play a crucial role in shaping the market. Investments in infrastructure, subsidies for public transportation, and initiatives to promote sustainable transportation contribute to the market's development. In conclusion, the Public Transportation market in Australia is experiencing growth and development driven by customer preferences for sustainable and cost-effective transportation options. The expansion of infrastructure, integration of technology, and government initiatives are key trends shaping the market. However, the unique geographical challenges and population distribution in Australia present special circumstances that need to be addressed to ensure equitable access to 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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