Public Transportation - Lebanon | Statista Market Forecast

Lebanon is expected to witness a significant growth in its Public Transportation market revenue, with a projected amount of US$483.50m in 2024.
The market is expected to grow at an annual growth rate of 2.94% from 2024 to 2029, resulting in a projected market volume of US$559.00m by 2029.
By 2029, the number of users is expected to reach 3.93m users in the country with a user penetration rate of 82.6%.
In 2024, the user penetration rate is expected to be 71.6%.
The average revenue per user (ARPU) is projected to be US$129.40.
Online sales are expected to contribute to 23% of the total revenue in the Public Transportation market by 2029.
In terms of global comparison, United States is projected to generate the most revenue in the Public Transportation market, with an amount of US$52bn in 2024.
Despite ongoing economic and political challenges in Lebanon, the country's public transportation system continues to be a vital mode of transportation for its citizens.

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.

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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 Lebanon has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Public Transportation market in Lebanon have shifted towards more sustainable and convenient modes of transportation. With increasing concerns about traffic congestion and environmental pollution, customers are seeking alternatives to private vehicle ownership. This has led to a growing demand for public transportation services, such as buses and taxis, as well as shared mobility solutions, such as ride-hailing and car-sharing platforms. Additionally, customers are increasingly valuing convenience and ease of access, leading to the adoption of digital ticketing and real-time information systems in the public transportation sector. Several trends have emerged in the Public Transportation market in Lebanon to meet these changing customer preferences. One notable trend is the integration of technology in public transportation services. Mobile applications and online platforms have been developed to provide customers with real-time information on bus schedules, routes, and fares. This has improved the overall customer experience and increased the efficiency of public transportation systems. Another trend is the introduction of electric and hybrid vehicles in the public transportation fleet. These vehicles offer lower emissions and reduced operating costs, making them an attractive option for both customers and operators. Local special circumstances have also influenced the development of the Public Transportation market in Lebanon. The country has a high population density, particularly in urban areas, which has resulted in increased traffic congestion and limited parking spaces. As a result, customers are turning to public transportation as a more practical and cost-effective solution for their daily commutes. Furthermore, Lebanon has a young and tech-savvy population, which has contributed to the rapid adoption of digital solutions in the public transportation sector. Underlying macroeconomic factors have played a role in shaping the Public Transportation market in Lebanon. The country has been experiencing economic challenges in recent years, including high unemployment rates and inflation. This has led to a decrease in private vehicle ownership and an increased reliance on public transportation as a more affordable option. Additionally, the government has been investing in infrastructure development and improving the efficiency of public transportation systems to meet the growing demand. In conclusion, the Public Transportation market in Lebanon is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable and convenient modes of transportation, the integration of technology, and the introduction of electric and hybrid vehicles are driving the market forward. The high population density, young population, and economic challenges in Lebanon have also contributed to the development of the public transportation sector.

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.