Key regions: South America, Malaysia, China, Thailand, United States
The Public Transportation market in Israel has been experiencing significant growth in recent years.
Customer preferences: Customers in Israel are increasingly opting for public transportation due to several factors. Firstly, the high cost of car ownership, including fuel, insurance, and maintenance, has led many people to seek more affordable alternatives. Additionally, the growing awareness of environmental issues has prompted individuals to choose public transportation as a more sustainable option. Furthermore, the convenience and efficiency of public transportation, particularly in urban areas, has made it an attractive choice for commuters and travelers.
Trends in the market: One of the key trends in the Israeli Public Transportation market is the expansion and modernization of existing infrastructure. The government has been investing heavily in upgrading and expanding bus and train networks to meet the growing demand. This includes the construction of new railway lines, the introduction of electric buses, and the implementation of smart technologies to improve efficiency and convenience for passengers. Another trend is the integration of different modes of public transportation. In an effort to provide seamless and efficient journeys, authorities are working towards integrating buses, trains, and other forms of public transportation. This includes the introduction of integrated ticketing systems and the development of multi-modal transport hubs.
Local special circumstances: Israel's unique geographical and political situation has also influenced the development of its public transportation market. The country's relatively small size and high population density make it well-suited for efficient public transportation systems. Additionally, the ongoing conflict with neighboring countries has led to a focus on reducing dependence on imported oil, further driving the adoption of public transportation.
Underlying macroeconomic factors: Several macroeconomic factors have contributed to the growth of the Public Transportation market in Israel. The country's strong economic growth has resulted in increased urbanization and a higher demand for transportation services. Additionally, the government's commitment to sustainable development and reducing carbon emissions has led to increased investment in public transportation infrastructure. In conclusion, the Public Transportation market in Israel is experiencing significant growth due to customer preferences for affordability, sustainability, and convenience. The expansion and modernization of infrastructure, integration of different modes of transportation, unique local circumstances, and favorable macroeconomic factors have all contributed to the market's development.
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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