Public Transportation - Eastern Asia

By 2024, the Eastern Asia region is expected to earn a revenue of US$56.36bn in the Public Transportation market.
Furthermore, the revenue is expected to increase at an annual growth rate of 2.55% (CAGR 2024-2029), ultimately resulting in a projected market volume of US$63.92bn by 2029.
In terms of users, the number is expected to reach 1.03bn users by 2029, with a projected user penetration of 59.0% in 2024 which will increase to 63.6% by 2029.
The average revenue per user (ARPU) is expected to be US$58.47.
Additionally, 23% of the total revenue in the Public Transportation market is expected to come from online sales by 2029.
Lastly, in comparison to the rest of the world, United States is projected to generate the highest revenue (US$52bn in 2024) in the Public Transportation market.
Japan's public transportation system is highly efficient, with an extensive network of trains and buses connecting even the most remote areas.

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 Eastern Asia is experiencing significant growth and development, driven by various factors such as increasing urbanization, population growth, and government initiatives to reduce traffic congestion and promote sustainable transportation options. Customer preferences in the Public Transportation market in Eastern Asia are shifting towards more convenient, efficient, and environmentally friendly modes of transportation. People are increasingly opting for public transportation options such as buses, trains, and subways to avoid traffic congestion, save time, and reduce their carbon footprint. Additionally, the younger generation is showing a preference for shared mobility services, such as ride-hailing and bike-sharing, which offer flexibility and affordability. Trends in the market reflect the growing demand for public transportation services. Governments in Eastern Asian countries are investing heavily in the development of modern and efficient transportation infrastructure, including the expansion of subway networks, the introduction of high-speed rail systems, and the implementation of smart transportation technologies. These investments aim to improve connectivity, enhance passenger experience, and reduce travel time. In China, for example, the government has been actively promoting the development of high-speed rail networks, which have become a popular mode of transportation for both domestic and international travel. The expansion of these networks has not only improved connectivity between cities but has also boosted tourism and economic development in the region. Local special circumstances also play a significant role in shaping the Public Transportation market in Eastern Asia. For instance, densely populated cities like Tokyo and Seoul face severe traffic congestion, making public transportation the preferred choice for commuting. The limited availability of parking spaces and high costs associated with private vehicle ownership further drive the demand for public transportation options. Underlying macroeconomic factors, such as economic growth and rising disposable incomes, also contribute to the development of the Public Transportation market in Eastern Asia. As economies in the region continue to grow, more people are able to afford public transportation services, leading to increased ridership and revenue for public transportation operators. In conclusion, the Public Transportation market in Eastern Asia is experiencing growth and development due to changing customer preferences, government initiatives, and underlying macroeconomic factors. The shift towards more convenient and sustainable transportation options, coupled with investments in transportation infrastructure, is driving the demand for public transportation services in the region.

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.