Public Transportation - Iraq | Statista Market Forecast

Iraq is expected to witness a significant growth in the Public Transportation market in the coming years.
By 2024, the projected revenue in this market is estimated to reach US$856.50m.
Furthermore, the market is expected to grow annually at a rate of 2.99%, which will result in a market volume of US$992.40m by 2029.
The number of users in Iraq's Public Transportation market is also expected to increase and reach 25.97m users by 2029.
The user penetration rate is projected to decrease from 46.3% in 2024 to 50.2% in 2029.
The average revenue per user (ARPU) is estimated to be US$39.78.
Additionally, it is projected that 19% of the total revenue in this market will be generated through online sales by 2029.
It is worth noting that in global comparison, United States is expected to generate the highest revenue in the Public Transportation market, with a projected revenue of US$52bn by 2024.
Iraq's public transportation system is in dire need of investment and modernization to meet the growing demand of its urban population.

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 Iraq is experiencing significant growth and development in recent years.

Customer preferences: Customers in Iraq are increasingly opting for public transportation due to several reasons. Firstly, the cost of owning and maintaining a private vehicle is high, making public transportation a more affordable option for many individuals. Additionally, the traffic congestion in major cities such as Baghdad and Basra has become a major issue, leading people to choose public transportation as a more efficient and time-saving mode of travel. Furthermore, the younger generation in Iraq is more environmentally conscious and prefers to use public transportation to reduce their carbon footprint.

Trends in the market: One of the key trends in the Public Transportation market in Iraq is the expansion and modernization of existing transportation infrastructure. The government has been investing heavily in upgrading and expanding the public transportation network, including the construction of new bus and metro lines. This has led to improved accessibility and convenience for commuters, attracting more people to use public transportation. Another trend is the increasing adoption of technology in the public transportation sector. Mobile applications and online platforms have been introduced to provide real-time information on bus and metro schedules, ticket booking, and payment options. This digitalization of services has made public transportation more user-friendly and efficient, further encouraging its usage.

Local special circumstances: Iraq faces unique challenges in its public transportation sector. The country has been recovering from years of conflict and instability, which has hindered infrastructure development. However, the government's commitment to rebuilding the nation has led to increased investment in the public transportation sector. Security concerns also play a significant role in shaping the market dynamics. The government has implemented security measures to ensure the safety of commuters, including the deployment of security personnel and surveillance systems in public transportation facilities. These measures have helped build trust among the public and encourage more people to use public transportation.

Underlying macroeconomic factors: The growth of the Public Transportation market in Iraq can be attributed to several macroeconomic factors. The country's population is growing at a steady rate, leading to increased demand for transportation services. Moreover, the urbanization rate is also on the rise, with more people moving to cities in search of better job opportunities. This urbanization trend has resulted in increased traffic congestion, prompting individuals to opt for public transportation. Additionally, the government's focus on diversifying the economy away from oil dependence has led to increased investment in sectors such as infrastructure and transportation. This has facilitated the development of public transportation systems and improved connectivity within and between cities. In conclusion, the Public Transportation market in Iraq is witnessing significant growth and development due to customer preferences for affordability, efficiency, and environmental sustainability. The expansion and modernization of transportation infrastructure, adoption of technology, local special circumstances, and underlying macroeconomic factors all contribute to the positive trajectory of the market.

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.