Public Transportation - Chile | Statista Market Forecast

Chile is expected to witness a surge in revenue for the Public Transportation market, with a projected figure of US$1.21bn in 2024.
It is expected to grow annually at a rate of 3.17% (CAGR 2024-2029), leading to a projected market volume of US$1.42bn by 2029.
In terms of users, the market is expected to have 12.38m users users by 2029, with a projected user penetration rate of 62.3% by the same year, down from 58.8% in 2024.
The ARPU in this sector is expected to be US$105.10.
In 2029, online sales are expected to contribute 23% of the total revenue.
It is noteworthy that United States is expected to generate the highest revenue, with a projected figure of US$52bn in 2024, in a global comparison.
Chile's public transportation sector is undergoing a modernization process, with the implementation of electric buses and the expansion of the metro system.

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 Chile has experienced significant growth over the past few years, driven by several factors including increasing urbanization, rising population, and growing environmental concerns.

Customer preferences: In Chile, there is a growing preference for public transportation due to its convenience, affordability, and environmental benefits. With the increasing urbanization and population density in major cities like Santiago, people are looking for efficient and reliable modes of transportation to avoid traffic congestion and reduce commuting time. Public transportation offers a viable solution by providing a network of buses, trains, and metro systems that can transport large numbers of people quickly and efficiently.

Trends in the market: One of the key trends in the Public Transportation market in Chile is the expansion and modernization of existing infrastructure. The government has been investing heavily in upgrading public transportation systems, including the construction of new metro lines, expansion of bus networks, and implementation of smart transportation technologies. These initiatives aim to improve the overall quality and efficiency of public transportation, making it more attractive to commuters. Another trend in the market is the shift towards sustainable modes of transportation. As environmental concerns continue to grow, there is a greater emphasis on reducing carbon emissions and promoting eco-friendly transportation options. This has led to the introduction of electric buses and hybrid vehicles in the public transportation fleet, as well as the implementation of initiatives to encourage cycling and walking as alternative modes of transport.

Local special circumstances: Chile's geography and topography present unique challenges for the Public Transportation market. The country's long and narrow shape, with the Andes Mountains running along its eastern border, requires transportation infrastructure to be well-planned and adaptable. Additionally, the high seismic activity in Chile necessitates the construction of resilient and earthquake-resistant transportation systems.

Underlying macroeconomic factors: Chile's strong economic growth and increasing urbanization have contributed to the development of the Public Transportation market. The country's stable political environment and business-friendly policies have attracted both domestic and foreign investments in the transportation sector. Furthermore, the government's commitment to improving public transportation as part of its sustainable development agenda has created a favorable environment for market growth. In conclusion, the Public Transportation market in Chile is experiencing significant growth due to customer preferences for convenient and sustainable modes of transportation, as well as the government's efforts to expand and modernize infrastructure. The market is expected to continue its upward trajectory as Chile's urban population continues to grow and environmental concerns become increasingly important.

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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