Public Transportation - Morocco | Statista Market Forecast

Morocco's Public Transportation market is expected to generate a revenue of US$557.60m by 2024.
The projected annual growth rate (CAGR 2024-2029) of 2.92% is expected to result in a market volume of US$644.00m by 2029.
The number of users is projected to reach 24.23m users by 2029, with a user penetration of 56.1% in 2024 and 60.7% by 2029.
The average revenue per user (ARPU) is expected to be US$26.01.
Online sales will contribute 21% of the total revenue in the Public Transportation market by 2029.
In comparison to other countries, United States is expected to generate the highest revenue of US$52bn in 2024.
Morocco's public transportation system is undergoing significant modernization efforts to improve accessibility and efficiency.

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 Morocco is experiencing significant growth and development in recent years, driven by various factors such as changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in Morocco are increasingly opting for public transportation due to several reasons. Firstly, the growing urban population and increasing traffic congestion in major cities have made public transportation a more convenient and efficient option for commuting. Secondly, the rising awareness about environmental sustainability has led to a shift towards greener modes of transportation, with public transportation being a more eco-friendly alternative to private vehicles. Additionally, the affordability of public transportation compared to owning and maintaining a private vehicle is another factor driving customer preferences towards this mode of transportation.

Trends in the market: One of the prominent trends in the public transportation market in Morocco is the expansion and modernization of existing infrastructure. This includes the development of new metro lines, tramways, and bus networks in major cities like Casablanca and Rabat. These infrastructure projects aim to improve connectivity, reduce travel time, and enhance the overall efficiency of public transportation systems. Another trend is the integration of technology in public transportation services. This includes the implementation of smart ticketing systems, real-time tracking of buses and trains, and the provision of Wi-Fi connectivity in vehicles. These technological advancements not only improve the overall customer experience but also enable better management and optimization of public transportation operations.

Local special circumstances: Morocco's strategic location as a gateway between Europe and Africa has made it a hub for international trade and tourism. This has resulted in a significant influx of tourists and business travelers, further driving the demand for efficient and reliable public transportation services. The government has recognized the importance of catering to the needs of these visitors and has invested in improving the quality and accessibility of public transportation options.

Underlying macroeconomic factors: Morocco's stable economic growth and increasing urbanization have contributed to the development of the public transportation market. The government's commitment to infrastructure development, as outlined in the National Urban Transport Strategy, has provided a favorable environment for investment in the sector. Additionally, the government's focus on sustainable development and reducing carbon emissions has led to increased investment in public transportation as a means to achieve these goals. In conclusion, the Public Transportation market in Morocco is witnessing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The expansion of infrastructure, integration of technology, and focus on sustainability are driving the transformation of the public transportation sector in the country.

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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