Public Transportation - Croatia | Statista Market Forecast

Croatia's Public Transportation market is expected to experience a surge in revenue, with a projected amount of US$460.30m by 2024.
The revenue growth rate is anticipated to have a Compound Annual Growth Rate (CAGR) of 2.59% between 2024 and 2029.
This growth rate is expected to result in a market volume of US$523.00m by 2029.
In terms of the number of users, the Public Transportation market is expected to have 2.88m users users by 2029.
The user penetration is projected to be 70.1% in 2024 and is expected to increase to 74.3% by 2029.
The Average Revenue Per User (ARPU) is expected to be US$164.70.
By 2029, online sales are expected to generate 26% of the total revenue in the Public Transportation market.
In comparison to other countries, United States is expected to generate the most revenue, with a projected revenue of US$52bn in 2024.
Croatia's public transportation system has seen significant improvements in recent years, with the expansion of tram lines and the introduction of electric buses.

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 Croatia is experiencing significant growth and development in recent years.

Customer preferences: Croatian customers are increasingly opting for public transportation due to its convenience, affordability, and environmental benefits. With the rising awareness of climate change and the need to reduce carbon emissions, more people are choosing to use public transportation as a sustainable mode of travel. Additionally, the convenience of public transportation, such as bus and tram services, allows customers to avoid traffic congestion and save time on their daily commutes.

Trends in the market: One notable trend in the Croatian Public Transportation market is the expansion and modernization of infrastructure. The government has been investing in the improvement of public transportation systems, including the construction of new tram lines and the expansion of bus networks. These infrastructure developments aim to enhance connectivity, reduce travel times, and provide better access to various parts of the country. Another trend is the integration of technology into public transportation services. Many cities in Croatia have implemented smart ticketing systems that allow passengers to pay for their journeys using contactless payment methods. This not only improves the overall customer experience but also helps to streamline operations and reduce the reliance on cash transactions. Additionally, real-time information systems and mobile applications have been introduced to provide passengers with up-to-date information on routes, schedules, and delays.

Local special circumstances: Croatia's tourism industry plays a significant role in shaping the Public Transportation market. As a popular tourist destination, the country experiences a surge in visitor numbers during peak travel seasons. This influx of tourists creates a higher demand for public transportation services, particularly in major cities and tourist hotspots. To cater to this demand, the transportation authorities often increase the frequency of buses and trams, ensuring that tourists can easily navigate and explore the country.

Underlying macroeconomic factors: The growth of the Public Transportation market in Croatia is also influenced by macroeconomic factors. The country's stable economic conditions and increasing disposable income levels have contributed to a higher demand for public transportation services. As people have more financial resources, they are more willing to spend on transportation options that offer convenience and comfort. Additionally, the government's commitment to sustainable development and reducing carbon emissions has led to increased investments in public transportation infrastructure and services. In conclusion, the Public Transportation market in Croatia is experiencing growth and development driven by customer preferences for convenience, affordability, and sustainability. The expansion of infrastructure, integration of technology, and the influence of the tourism industry are key trends shaping the market. Furthermore, the country's stable economy and commitment to sustainable development are underlying macroeconomic factors that contribute to the market's growth.

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.