Public Transportation - Pakistan | Statista Market Forecast

The projected revenue for Pakistan's Public Transportation market is expected to reach US$1.49bn by 2024.
With an annual growth rate of 4.77% (CAGR 2024-2029), the projected market volume is anticipated to reach US$1.89bn by 2029.
The number of users in the Public Transportation market is expected to amount to 173.60m users by 2029.
The projected user penetration is 54.8% in 2024 and is expected to decrease to 64.5% by 2029.
The average revenue per user (ARPU) is expected to be US$11.11.
By 2029, 18% of the total revenue will be generated through online sales.
It is noteworthy that in comparison to other countries, United States is expected to generate the most revenue in the Public Transportation market, with a projected revenue of US$52bn in 2024.
Pakistan's public transportation system is marked by inefficient and outdated infrastructure, leading to long travel times and overcrowding.

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 Pakistan is experiencing significant growth and development.

Customer preferences: Customers in Pakistan are increasingly opting for public transportation due to a variety of reasons. Firstly, the cost of owning and maintaining a private vehicle can be quite high, making public transportation a more affordable option for many individuals. Additionally, the traffic congestion in major cities such as Karachi and Lahore has become a major issue, leading people to choose public transportation as a more convenient and time-saving alternative. Moreover, the increasing awareness about environmental sustainability has also contributed to the growing preference for public transportation, as it helps reduce carbon emissions and promote a greener environment.

Trends in the market: One of the key trends in the public transportation market in Pakistan is the expansion and modernization of existing infrastructure. The government has been investing heavily in the development of new metro and bus rapid transit systems in major cities, such as the Lahore Metro Bus and Karachi Green Line Metro Bus. These projects aim to provide faster and more efficient transportation options to the public. Additionally, there has been a growing trend of integrating technology into public transportation services, such as the introduction of mobile ticketing systems and real-time tracking apps, which enhance the overall user experience.

Local special circumstances: Pakistan is a densely populated country with a large urban population, which creates a high demand for efficient public transportation systems. The country also has a significant proportion of low-income individuals who rely heavily on public transportation for their daily commute. Furthermore, the lack of proper infrastructure and road networks in certain areas poses a challenge for the development of public transportation services. However, the government is actively working on addressing these issues by investing in infrastructure projects and implementing policies to improve the overall transportation system.

Underlying macroeconomic factors: The economic growth and urbanization in Pakistan have played a significant role in the development of the public transportation market. As the country's economy continues to grow, more people are moving to urban areas in search of better job opportunities, leading to an increase in the demand for public transportation. Moreover, the government's focus on infrastructure development and urban planning has created opportunities for both domestic and foreign investments in the public transportation sector. Additionally, the increasing population and rising middle class in Pakistan have also contributed to the growth of the market, as more people are now able to afford public transportation services.

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.