Public Transportation - Canada | Statista Market Forecast

Canada is expected to see a significant growth in the Public Transportation market.
By 2024, it is projected to generate a revenue of US$3.46bn CAD, which is expected to increase at an annual growth rate of 1.76%, resulting in a market volume of US$3.77bn CAD by 2029.
The number of users in this market is expected to reach 19.76m users by 2029, with a user penetration of 46.2% in 2024 and 48.5% by 2029.
The average revenue per user (ARPU) is expected to be US$191.40 CAD.
Online sales are projected to contribute 29% of total revenue by 2029.
It is noteworthy that United States is the global leader in this market with a projected revenue of US$52bn in 2024.
Canada's public transportation sector is increasingly focused on sustainable initiatives, with cities like Vancouver implementing electric buses and Toronto investing in hydrogen fuel cell technology.

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 Canada is experiencing significant growth and development, driven by various factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Public Transportation market in Canada have shifted towards more sustainable and environmentally friendly modes of transportation. With increasing awareness about the negative impact of private vehicles on the environment, many Canadians are opting for public transportation options to reduce their carbon footprint. Additionally, the convenience and cost-effectiveness of public transportation are also driving customer preferences. Many Canadians find that using public transportation is more affordable and less stressful than owning and maintaining a private vehicle. Trends in the Public Transportation market in Canada are also contributing to its development. One notable trend is the integration of technology in public transportation systems. Many cities in Canada are adopting smart technologies such as mobile ticketing, real-time tracking, and digital payment options to enhance the customer experience. These technological advancements make it easier for customers to access and use public transportation services, leading to increased ridership. Another trend in the market is the expansion and improvement of public transportation infrastructure. Canadian cities are investing in the development of new transit lines, bus routes, and bike-sharing programs to provide more options for commuters. These infrastructure developments not only improve the accessibility and efficiency of public transportation but also contribute to the overall economic growth of the regions. Local special circumstances also play a role in the development of the Public Transportation market in Canada. One such circumstance is the large geographical size of the country. Canada's vast land area and dispersed population make public transportation essential for connecting remote communities and ensuring mobility for all residents. In addition, the harsh winter climate in many parts of Canada makes public transportation a more reliable and practical option during the winter months. Underlying macroeconomic factors also contribute to the growth of the Public Transportation market in Canada. The country's strong economy and stable job market have led to increased urbanization and population growth in major cities. This has created a higher demand for public transportation services as more people rely on them for their daily commute. Furthermore, government initiatives and funding support for public transportation projects have also played a significant role in the market's development. Overall, the Public Transportation market in Canada is experiencing growth and development due to changing customer preferences, emerging market trends, local special circumstances, and underlying macroeconomic factors. As Canadians increasingly prioritize sustainability, convenience, and affordability, the demand for public transportation services is expected to continue to rise. With ongoing investments in infrastructure and technological advancements, the market is poised for further expansion and improvement 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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.