Public Transportation - Peru | Statista Market Forecast

Peru is projected to witness a significant growth in the Public Transportation market, with revenue expected to reach US$1.07bn in 2024.
The revenue in this market is anticipated to grow at an annual rate of 1.08% between 2024 and 2029, resulting in a projected market volume of US$1.13bn by 2029.
The number of users in the Public Transportation market is expected to reach 22.83m users by 2029.
The user penetration rate is projected to decline from 59.1% in 2024 to 62.8% by 2029.
The average revenue per user (ARPU) is expected to be US$52.06.
Online sales are expected to contribute 19% of the total revenue in the Public Transportation market by 2029.
It is worth noting that in global comparison, United States is expected to generate the most revenue in this market, with a projected revenue of US$52bn in 2024.
Peru's public transportation system is undergoing significant improvements in infrastructure and technology, aimed at enhancing efficiency and reducing traffic congestion.

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 Peru has been experiencing significant growth in recent years. Customer preferences have shifted towards more sustainable and efficient modes of transportation, leading to an increased demand for public transportation services. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market. Customer preferences in Peru have been influenced by a growing awareness of environmental issues and the need for sustainable transportation options. As a result, there has been a shift away from private vehicles towards public transportation. Customers are increasingly looking for reliable, affordable, and convenient public transportation options that can help reduce their carbon footprint. This has led to an increased demand for buses, trains, and other forms of public transportation in Peru. Trends in the market indicate that the public transportation sector in Peru is expanding to meet the growing demand. Investments are being made to improve the infrastructure and services offered by public transportation providers. This includes the expansion of existing bus and train networks, the introduction of new routes, and the implementation of modern technologies to enhance the overall customer experience. These trends are driven by the need to accommodate the increasing number of passengers and to provide them with efficient and comfortable transportation options. Local special circumstances in Peru have also contributed to the development of the public transportation market. The country's urban population has been growing rapidly, leading to increased congestion and traffic problems in major cities. This has created a need for more efficient transportation solutions to alleviate congestion and improve mobility. Additionally, Peru's government has been actively promoting the use of public transportation through various initiatives and policies. This has further encouraged the growth of the market by providing incentives and support to public transportation providers. Underlying macroeconomic factors have also played a role in the development of the public transportation market in Peru. The country's economic growth and rising urbanization rates have increased the demand for transportation services. Additionally, the government's investments in infrastructure development have created opportunities for public transportation providers to expand their operations. These factors have created a favorable environment for the growth of the public transportation market in Peru. In conclusion, the Public Transportation market in Peru has been developing due to customer preferences for sustainable transportation options, trends in the market towards expansion and improvement of services, local special circumstances such as population growth and government support, and underlying macroeconomic factors such as economic growth and infrastructure development. The market is expected to continue growing as more investments are made in the sector and customer demand for efficient and sustainable transportation options increases.

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.