Public Transportation - Finland | Statista Market Forecast

In Finland, the Public Transportation market is expected to achieve a revenue of US$1.46bn by 2024.
The market revenue is projected to witness an annual growth rate (CAGR 2024-2029) of 1.44%, reaching US$1.57bn by 2029.
By 2029, the number of users in the Public Transportation market is expected to rise to 3.94m users.
The user penetration rate is projected to increase from 68.1% in 2024 to 70.9% by 2029.
The anticipated average revenue per user (ARPU) is US$386.90.
It is estimated that 32% of the overall revenue in the Public Transportation market will be generated through online sales by 2029.
Among other countries, United States is expected to generate the most revenue (US$52bn in 2024) in this market.
Finland's public transportation system is highly efficient and eco-friendly, with a focus on promoting the use of electric buses and trains.

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 Finland has been experiencing significant growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Finland have been shifting towards more sustainable modes of transportation, with an increasing number of people opting for public transportation over private vehicles. This shift can be attributed to growing environmental consciousness and the desire to reduce carbon emissions. Additionally, the convenience and cost-effectiveness of public transportation have also played a role in driving customer preferences. One of the key trends in the Finnish Public Transportation market is the adoption of new technologies and innovations. This includes the introduction of smart ticketing systems, real-time passenger information systems, and the integration of different modes of transportation into a single platform. These advancements have improved the overall efficiency and user experience of public transportation, making it a more attractive option for commuters. Another trend in the market is the focus on improving accessibility and connectivity. Efforts have been made to enhance the coverage and frequency of public transportation services, particularly in rural and remote areas. This has been achieved through the expansion of bus and train networks, as well as the implementation of flexible transportation solutions such as demand-responsive services. These initiatives have not only improved mobility options for residents but have also contributed to the overall economic development of the regions. Finland's unique geographical and demographic characteristics also contribute to the development of the Public Transportation market. The country's low population density and vast rural areas make it challenging to provide efficient and cost-effective transportation solutions. However, the government has implemented various policies and initiatives to address these challenges, such as subsidizing public transportation services in sparsely populated areas and promoting the use of public transportation in urban centers. Underlying macroeconomic factors, such as population growth, urbanization, and government investments, also play a crucial role in the development of the Public Transportation market in Finland. The country's growing population, particularly in urban areas, has increased the demand for transportation services. In response, the government has invested in infrastructure development and fleet modernization to meet the increasing demand. These investments not only improve the quality and reliability of public transportation but also create job opportunities and stimulate economic growth. In conclusion, the Public Transportation market in Finland is experiencing significant growth due to shifting customer preferences, adoption of new technologies, focus on accessibility and connectivity, unique local circumstances, and underlying macroeconomic factors. These factors are driving the development of the market and contributing to the overall sustainability and efficiency of public transportation in the country.

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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