Public Transportation - Norway | Statista Market Forecast

By the year 2024, the Public Transportation market in Norway is anticipated to generate revenue of US$1.51bn.
The revenue is projected to display an annual growth rate (CAGR 2024-2029) of 2.25%, which will result in a market volume of US$1.69bn by 2029.
In the same market, the number of users is predicted to reach 3.80m users by 2029.
Based on projections, user penetration is estimated to be 63.4% in 2024 and 66.5% by 2029.
The average revenue per user (ARPU) is expected to reach US$433.20.
Furthermore, it is projected that 39% of the total revenue generated in the Public Transportation market in Norway will be from online sales by 2029.
In comparison with other countries, United States is expected to generate the highest revenue of US$52bn in 2024.
Norway's public transportation system is heavily invested in electric buses and ferries, leading the way in sustainable transportation.

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 Norway has been experiencing steady growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Norway have been shifting towards more sustainable and environmentally friendly modes of transportation. This has led to an increased demand for public transportation options, as people look for alternatives to private cars. Additionally, the convenience and cost-effectiveness of public transportation have also contributed to its popularity among customers. Trends in the market indicate a growing emphasis on digitalization and technology integration. Public transportation providers in Norway are increasingly adopting smart ticketing systems, mobile apps, and real-time information services to enhance the overall customer experience. These technological advancements not only improve the efficiency of public transportation services but also make them more accessible and user-friendly. Local special circumstances, such as Norway's geography and population distribution, also play a role in the development of the public transportation market. With its long coastline, fjords, and mountainous terrain, Norway faces unique challenges in providing transportation infrastructure to remote and sparsely populated areas. As a result, there is a greater reliance on public transportation options, such as ferries and buses, to connect these regions. Underlying macroeconomic factors, such as government policies and funding, also contribute to the growth of the public transportation market in Norway. The Norwegian government has been actively investing in public transportation infrastructure and promoting sustainable mobility solutions. This includes initiatives such as subsidizing public transportation fares, expanding the network of bus and tram lines, and investing in electric and hybrid vehicles. These measures not only support the growth of the public transportation market but also align with Norway's commitment to reducing carbon emissions and promoting sustainable development. In conclusion, the Public Transportation market in Norway is experiencing growth due to customer preferences for sustainable and cost-effective transportation options, market trends towards digitalization and technology integration, local special circumstances that necessitate reliable public transportation infrastructure, and underlying macroeconomic factors such as government support and investment. These factors collectively contribute to the positive development of the public transportation market in Norway.

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.