Public Transportation - NAFTA | Statista Market Forecast

It is projected that the revenue for the Public Transportation market in NAFTA will reach US$61.69bn by 2024.
The market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 1.32%, resulting in a projected market volume of US$65.89bn by 2029.
The number of users in this market is expected to grow to 244.90m users by 2029.
User penetration is projected to be 44.0% in 2024 and 46.7% by 2029.
The average revenue per user (ARPU) is expected to be US$274.60.
By 2029, 29% of the total revenue in the Public Transportation market will be generated through online sales.
In comparison to other countries, United States is expected to generate the most revenue (US$52bn in 2024) in the Public Transportation market.
Public transportation in the United States is facing challenges due to inadequate funding, resulting in service cuts and reduced accessibility.

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 NAFTA is experiencing significant growth and development due to various factors. Customer preferences for convenient and sustainable transportation options have driven the demand for public transportation services in the region. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the growth of the market.

Customer preferences: Customers in the NAFTA region are increasingly prioritizing convenience and sustainability when it comes to transportation options. With growing concerns about traffic congestion, air pollution, and the cost of owning a car, many individuals are opting for public transportation as a more practical and environmentally friendly alternative. The convenience of public transportation, with its fixed routes and schedules, appeals to customers who want a reliable and efficient mode of transportation. Furthermore, the affordability of public transportation compared to the costs of owning and maintaining a private vehicle is also a key factor driving customer preferences.

Trends in the market: One of the key trends in the Public Transportation market in NAFTA is the adoption of new technologies and innovations. Many public transportation providers are embracing digital platforms and mobile applications to enhance the customer experience. These technologies enable customers to easily access real-time information about routes, schedules, and fares, making it more convenient for them to plan their journeys. Additionally, the integration of contactless payment systems and smart ticketing solutions has streamlined the ticketing process, making it faster and more efficient for passengers. Another trend in the market is the expansion of public transportation networks. Many cities in the NAFTA region are investing in the development of new infrastructure and expanding existing transportation networks to meet the growing demand. This includes the construction of new subway lines, bus rapid transit systems, and light rail networks. These expansions not only improve connectivity within cities but also provide more options for customers to choose from.

Local special circumstances: Each country in the NAFTA region has its own unique set of circumstances that influence the development of the Public Transportation market. For example, in the United States, the high level of urbanization and population density in major cities has led to a greater reliance on public transportation. In Canada, the vast size of the country and the presence of remote and rural areas pose challenges for public transportation providers, who must find ways to serve these communities effectively. In Mexico, the rapid urbanization and population growth in cities like Mexico City have put pressure on the public transportation system to expand and improve.

Underlying macroeconomic factors: The growth of the Public Transportation market in NAFTA is also influenced by underlying macroeconomic factors. Factors such as economic growth, employment rates, and disposable income levels can affect the demand for public transportation services. In periods of economic growth, there is often an increase in commuting and travel, leading to higher demand for public transportation. Additionally, government policies and investments in infrastructure play a crucial role in the development of the market. Public-private partnerships and government subsidies can help support the expansion and improvement of public transportation networks. Overall, the Public Transportation market in NAFTA is experiencing growth and development driven by customer preferences for convenience and sustainability, as well as local special circumstances and underlying macroeconomic factors. The adoption of new technologies, expansion of transportation networks, and government support are all contributing to the positive trajectory of the market.

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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