Public Transportation - Myanmar | Statista Market Forecast

Myanmar's Public Transportation market is expected to witness a surge in revenue, with projections indicating a rise to US$169.30m by 2024.
The market is estimated to grow at an annual growth rate (CAGR 2024-2029) of 4.16%, indicating a market volume of US$207.60m by 2029.
The number of users is expected to reach 21.28m users by 2029, with user penetration projected to be 33.5% in 2024 and 37.5% by 2029.
The average revenue per user (ARPU) is expected to be US$9.20.
Additionally, the Public Transportation market in Myanmar is projected to generate 21% of its total revenue through online sales by 2029.
It is noteworthy that United States is expected to generate the highest revenue (US$52bn in 2024) in comparison to other countries globally.
Myanmar's public transportation system is undergoing significant improvements, with the government prioritizing the expansion of bus routes and upgrading existing infrastructure.

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 Myanmar is experiencing significant growth and development in recent years.

Customer preferences: In Myanmar, there is a growing demand for public transportation services due to several factors. Firstly, the country's rapid urbanization has led to an increase in population density in major cities, resulting in higher demand for transportation options. Additionally, the rising middle class in Myanmar is increasingly looking for convenient and affordable transportation solutions, leading to a surge in demand for public transportation.

Trends in the market: One of the key trends in the public transportation market in Myanmar is the expansion and modernization of existing infrastructure. The government has been investing heavily in upgrading and expanding the public transportation network, including the construction of new roads, bridges, and public transportation facilities. This has led to improved connectivity and accessibility, making public transportation a more attractive option for commuters. Another trend in the market is the introduction of new technologies and innovations in public transportation. For example, the use of mobile applications for booking and tracking public transportation services has become increasingly popular in Myanmar. This has made it easier for commuters to plan their journeys and has improved the overall user experience.

Local special circumstances: Myanmar's unique geographical and cultural characteristics also play a role in shaping the public transportation market. The country's diverse terrain, including mountainous regions and waterways, presents challenges for transportation infrastructure development. However, the government has been working to overcome these challenges by investing in infrastructure projects that cater to the specific needs of different regions. Furthermore, Myanmar's rich cultural heritage and tourism industry contribute to the demand for public transportation services. As the country attracts more international visitors, there is a need for reliable and efficient transportation options to cater to their needs.

Underlying macroeconomic factors: The development of the public transportation market in Myanmar is also influenced by macroeconomic factors. The country has been experiencing steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has contributed to the growing demand for public transportation services, as more people can afford to use these services on a regular basis. Additionally, the government's focus on infrastructure development and urbanization is part of its broader economic development strategy. By improving public transportation infrastructure, Myanmar aims to attract more foreign investment and promote economic growth. In conclusion, the Public Transportation market in Myanmar is witnessing significant growth and development, driven by factors such as urbanization, rising middle class, and government investments in infrastructure. The expansion and modernization of public transportation infrastructure, the introduction of new technologies, and the unique geographical and cultural characteristics of Myanmar are all contributing to the growth of the market. With steady economic growth and a focus on infrastructure development, the public transportation market in Myanmar is expected to continue its upward trajectory in the coming years.

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.