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Key regions: South America, Malaysia, China, Thailand, United States
The Public Transportation market in New Zealand is experiencing significant growth and development in recent years.
Customer preferences: Customer preferences in the Public Transportation market in New Zealand are shifting towards more sustainable and efficient modes of transportation. With increasing awareness about environmental issues and the need to reduce carbon emissions, people are opting for public transportation as a greener alternative to private vehicles. Additionally, the convenience and cost-effectiveness of public transportation are also driving customer preferences towards this mode of travel.
Trends in the market: One of the key trends in the Public Transportation market in New Zealand is the expansion and improvement of existing infrastructure. The government has been investing in upgrading public transportation systems, including buses, trains, and ferries, to enhance the overall efficiency and capacity. This includes the introduction of new routes, increased frequency of services, and the implementation of modern technologies to improve the overall passenger experience. Another trend in the market is the integration of different modes of transportation. The government is working towards creating a seamless and integrated public transportation network, where passengers can easily switch between different modes of transport, such as buses, trains, and ferries, using a single ticket or payment system. This integration aims to provide a more convenient and efficient travel experience for passengers.
Local special circumstances: New Zealand's unique geography and population distribution present special circumstances for the Public Transportation market. The country has a relatively small population spread across both urban and rural areas, which poses challenges in providing efficient and cost-effective public transportation services, especially in remote regions. However, the government is actively working on addressing these challenges by implementing innovative solutions, such as flexible and on-demand transportation services, to cater to the diverse needs of the population.
Underlying macroeconomic factors: Several underlying macroeconomic factors contribute to the development of the Public Transportation market in New Zealand. The country's strong economic growth and increasing urbanization are driving the demand for public transportation services. As more people move to urban areas, the need for reliable and efficient transportation options becomes crucial. Additionally, the government's focus on sustainable development and reducing carbon emissions further supports the growth of the public transportation market. In conclusion, the Public Transportation market in New Zealand is witnessing growth and development driven by customer preferences for sustainable and efficient transportation options. The expansion and improvement of infrastructure, integration of different modes of transport, unique local circumstances, and underlying macroeconomic factors all contribute 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)