Public Transportation - Czechia | Statista Market Forecast

Czechia is projected to witness a significant surge in its Public Transportation market revenue, with an expected increase to US$1.96bn by 2024.
It is further projected to register a Compound Annual Growth Rate (CAGR) of 1.24% during the period of 2024-2029, resulting in a market volume of US$2.08bn by 2029.
As per the estimates, the Public Transportation market is expected to have 7.76m users users by 2029.
The user penetration rate is projected to increase from 70.3% in 2024 to 73.8% by 2029.
The Average Revenue Per User (ARPU) is expected to be US$264.90.
Furthermore, it is projected that 24% of the total revenue in the Public Transportation market will be generated through online sales by 2029.
In comparison to other countries, United States is expected to generate the highest revenue, amounting to US$52bn in 2024.
Czechia's public transportation market is dominated by Prague's integrated transit network, with a focus on expanding tram and metro lines.

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 Czechia has been experiencing steady growth in recent years.

Customer preferences: Czechia has a well-developed and efficient public transportation system, which is highly preferred by both locals and tourists. The majority of the population relies on public transportation for their daily commute, as it is considered convenient, cost-effective, and environmentally friendly. The availability of various modes of public transportation, including buses, trams, and trains, allows people to easily travel within and between cities. Additionally, the integration of modern technologies, such as online ticketing and real-time tracking, has further enhanced the customer experience.

Trends in the market: One of the key trends in the Public Transportation market in Czechia is the increasing demand for sustainable transportation options. With growing awareness about environmental issues, more people are opting for public transportation to reduce their carbon footprint. This trend is expected to continue in the coming years, as the government and transportation authorities focus on promoting sustainable modes of transportation. Another trend in the market is the integration of smart technologies. The use of digital platforms and mobile applications has made it easier for customers to access information about routes, schedules, and fares. This has improved the overall efficiency and convenience of public transportation services. Additionally, the introduction of contactless payment systems has further streamlined the ticketing process.

Local special circumstances: Czechia is a landlocked country located in the heart of Europe. Its central location makes it a major transit hub for both domestic and international travel. The country's well-connected transportation infrastructure, including airports, train stations, and highways, facilitates seamless travel within the country and to neighboring countries. This has contributed to the growth of the Public Transportation market in Czechia, as it serves as a crucial link in the overall transportation network.

Underlying macroeconomic factors: The growth of the Public Transportation market in Czechia is closely linked to the country's economic development. As the economy continues to grow, there is an increased demand for transportation services to support business activities and tourism. The government's focus on infrastructure development and investment in public transportation projects has also played a significant role in driving the market growth. Additionally, the country's stable political environment and favorable business climate have attracted foreign investments, further boosting the transportation sector.

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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