Public Transportation - Burkina Faso

In Burkina Faso, the revenue in the Public Transportation market is estimated to reach US$47.41m by 2024.
It is projected to exhibit an annual growth rate (CAGR 2024-2029) of 3.28% which will result in a projected market volume of US$55.70m by 2029.
By 2029, the number of users in the Public Transportation market is expected to amount to 10.03m users.
The user penetration is projected to be 32.6% in 2024 and is expected to increase to 37.3% by 2029.
The average revenue per user (ARPU) is anticipated to be US$6.09.
In Burkina Faso, 13% of total revenue from the Public Transportation market is expected to come from online sales by 2029.
It is noteworthy that in global comparison, United States is expected to generate the highest revenue of US$52bn in 2024.
Burkina Faso's public transportation system is characterized by overcrowded buses and a lack of infrastructure, leading to long wait times and unreliable service.

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 Burkina Faso is experiencing significant growth and development due to a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Burkina Faso are driving the demand for public transportation services. With a growing urban population and increasing congestion on the roads, more people are opting for public transportation as a convenient and cost-effective mode of transportation. Additionally, customers are becoming more environmentally conscious and are choosing public transportation as a greener alternative to private vehicles. Trends in the market are also contributing to the development of the public transportation sector in Burkina Faso. The government has been investing in the improvement and expansion of public transportation infrastructure, including the construction of new roads, bridges, and bus terminals. This has led to increased accessibility and efficiency of public transportation services, attracting more customers. Furthermore, there is a growing trend towards the integration of technology in the public transportation sector. Mobile applications and online platforms are being used to provide real-time information on bus schedules, routes, and fares. This has made it easier for customers to plan their journeys and has improved the overall customer experience. Local special circumstances in Burkina Faso have also played a role in the development of the public transportation market. The country has a high population density in urban areas, which creates a strong demand for efficient and reliable transportation services. Additionally, Burkina Faso has a large informal economy, with many people relying on public transportation for their daily commute to work or school. Underlying macroeconomic factors have further contributed to the growth of the public transportation market in Burkina Faso. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and a higher standard of living. This has resulted in a greater demand for transportation services, including public transportation. In conclusion, the Public Transportation market in Burkina Faso is developing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The growing urban population, increasing congestion, and environmental consciousness are driving the demand for public transportation services. Government investment in infrastructure and the integration of technology are improving the accessibility and efficiency of public transportation. The high population density and reliance on public transportation in the informal economy are also contributing to market growth. Overall, the positive macroeconomic factors, such as economic growth and rising disposable income, are further fueling the development of the public transportation sector in Burkina Faso.

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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