Public Transportation - Brunei Darussalam

In Brunei Darussalam, the Public Transportation market is expected to generate a revenue of US$58.72m by 2024.
The revenue is projected to grow annually at a rate of 1.49%, resulting in a market volume of US$63.21m by 2029.
The number of users in the Public Transportation market is expected to reach 333.70k users by 2029 with a user penetration of 66.5% in 2024, increasing to 70.9% by 2029.
The projected average revenue per user (ARPU) is US$193.60.
By 2029, 23% of the total revenue in the Public Transportation market is expected to be generated through online sales.
In comparison to other countries, United States is expected to generate the most revenue in the Public Transportation market, with a projected revenue of US$52bn in 2024.
Brunei Darussalam's public transportation market is largely dominated by buses and taxis, with a growing focus on improving infrastructure and expanding 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.

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 Brunei Darussalam is experiencing significant development and growth.

Customer preferences: Customers in Brunei Darussalam are increasingly opting for public transportation options due to several factors. Firstly, the rising cost of private vehicle ownership, including fuel prices, maintenance, and insurance, has made public transportation a more affordable alternative. Additionally, the increasing traffic congestion in urban areas has made using public transportation more convenient and time-efficient for commuters. Moreover, the growing awareness of environmental issues and the desire to reduce carbon emissions has also contributed to the shift towards public transportation.

Trends in the market: One of the major trends in the public transportation market in Brunei Darussalam is the expansion and improvement of the bus network. The government has been investing in the development of new bus routes and the upgrading of existing infrastructure to provide better connectivity and accessibility for commuters. This includes the introduction of new buses with modern amenities and technologies, such as air conditioning and real-time tracking systems. Another trend is the integration of digital technologies in public transportation services. Mobile applications and online platforms have been introduced to provide commuters with real-time information on bus schedules, routes, and fares. This has made it easier for people to plan their journeys and has improved the overall customer experience.

Local special circumstances: Brunei Darussalam has a relatively small population and a compact geographical area, which makes it easier to implement and manage public transportation systems. The government has been proactive in promoting public transportation as a sustainable and efficient mode of transportation. This has led to the development of a comprehensive public transportation network that covers both urban and rural areas.

Underlying macroeconomic factors: The development of the public transportation market in Brunei Darussalam is driven by several macroeconomic factors. Firstly, the government's focus on diversifying the economy away from oil and gas has led to increased investment in infrastructure development, including public transportation. This has created opportunities for both domestic and foreign investors in the market. Secondly, the government's commitment to sustainable development and reducing carbon emissions has also played a significant role in the growth of the public transportation market. The implementation of policies and initiatives to promote public transportation has encouraged more people to use these services. In conclusion, the Public Transportation market in Brunei Darussalam is developing rapidly due to customer preferences for affordability, convenience, and environmental sustainability. The expansion of the bus network, integration of digital technologies, and government support are driving the growth of the market. The local special circumstances, such as the small population and compact geographical area, make it easier to implement and manage public transportation systems. The underlying macroeconomic factors, including infrastructure development and sustainable development goals, further contribute to the market's development.

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.