Key regions: South America, Malaysia, China, Thailand, United States
The Public Transportation market in GCC is witnessing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are driving this growth. Customer preferences in the GCC region are shifting towards more sustainable and efficient modes of transportation. With increasing concerns about environmental pollution and traffic congestion, people are opting for public transportation options to reduce their carbon footprint and save time. Additionally, the younger population in GCC countries is more inclined towards using public transportation due to its affordability and convenience. Trends in the market indicate a strong focus on expanding and improving public transportation infrastructure. GCC countries are investing heavily in the development of metro and tram networks, bus rapid transit systems, and intercity rail links. These investments are aimed at enhancing connectivity within and between cities, reducing traffic congestion, and providing a comfortable and reliable mode of transportation for residents and tourists. Local special circumstances in the GCC region also contribute to the development of the public transportation market. The high population density in cities like Dubai and Riyadh, coupled with rapid urbanization, has created a need for efficient transportation systems. Additionally, the large expatriate population in GCC countries relies heavily on public transportation for their daily commute, further driving the demand for improved and expanded services. Underlying macroeconomic factors play a crucial role in the development of the public transportation market in the GCC. The region's strong economic growth and diversification efforts have resulted in increased urbanization and population growth. This, in turn, has led to a higher demand for transportation services. Furthermore, government initiatives and policies aimed at promoting sustainable development and reducing dependence on private vehicles have also contributed to the growth of the public transportation market. In conclusion, the Public Transportation market in GCC is experiencing significant growth and development due to customer preferences for sustainable and efficient transportation options, trends in expanding and improving infrastructure, local special circumstances such as population density and expatriate population, and underlying macroeconomic factors such as economic growth and government initiatives. This growth is expected to continue as GCC countries strive to create more sustainable and connected cities.
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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