Public Transportation - Israel | Statista Market Forecast

Israel's Public Transportation market revenue is expected to reach US$687.90m by 2024.
The revenue is projected to grow annually at a rate of 6.13% between 2024 and 2029, resulting in a market volume of US$926.10m by 2029.
The number of users in this market is anticipated to reach 5.70m users by the end of 2029.
The user penetration rate is estimated to be 46.2% in 2024 and 57.0% by 2029.
The average revenue per user (ARPU) is expected to be US$159.90.
It is projected that 31% of the total revenue will be generated through online sales by 2029.
When compared globally, United States is expected to generate the most revenue in this market, with US$52bn in 2024.
Israel's public transportation system has been modernized in recent years, with the introduction of the Jerusalem light rail and the expansion of Tel Aviv's bus rapid transit system.

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 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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.