Public Transportation - Bahrain | Statista Market Forecast

Bahrain's Public Transportation market is expected to witness a surge in revenue, with a projected amount of US$84.45m by 2024.
The market is anticipated to grow annually at a rate of 2.46% (CAGR 2024-2029).
This growth is expected to result in a market volume of US$95.39m by 2029.
Moreover, the market is expected to witness an increase in the number of users, with an estimated amount of 807.10k users by 2029.
User penetration is projected to remain at 48.9% in 2024 and 51.7% by 2029.
The average revenue per user (ARPU) is expected to be US$115.30.
Online sales are also anticipated to contribute to the market's revenue, with 27% of total revenue expected to be generated through online sales by 2029.
It is noteworthy that United States is projected to generate the most revenue in the Public Transportation market, with an estimated revenue of US$52bn by 2024, in comparison with other countries worldwide.
Bahrain's public transportation system is undergoing a major overhaul with the introduction of new buses and the expansion of the metro network.

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 Bahrain is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the expansion of the public transportation sector in the country. Customer preferences in Bahrain are shifting towards more sustainable and efficient modes of transportation. With increasing awareness of environmental issues and the need to reduce carbon emissions, many residents are choosing public transportation as their preferred mode of travel. Additionally, the convenience and cost-effectiveness of public transportation are appealing to a wide range of customers, including commuters, students, and tourists. Trends in the market indicate a growing demand for public transportation services in Bahrain. The government has been investing heavily in the development of public transportation infrastructure, including the expansion of bus networks and the construction of new metro lines. These initiatives aim to improve accessibility and connectivity across the country, making public transportation a viable alternative to private vehicles. Local special circumstances also contribute to the growth of the public transportation market in Bahrain. The country's small size and high population density make it an ideal environment for efficient public transportation systems. Additionally, Bahrain's strategic location in the Middle East makes it a hub for international travel, further increasing the demand for reliable and efficient public transportation services. Underlying macroeconomic factors play a crucial role in the development of the public transportation market in Bahrain. The country's strong economy and high per capita income levels enable individuals to afford public transportation services. Additionally, the government's commitment to sustainable development and reducing reliance on private vehicles is driving investments in the public transportation sector. In conclusion, the Public Transportation market in Bahrain is experiencing significant growth and development due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. The government's focus on improving public transportation infrastructure and promoting sustainable modes of travel is driving the expansion of the market. As Bahrain continues to invest in the development of its public transportation sector, it is expected to witness further growth and provide enhanced mobility options for its residents.

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.