Public Transportation - Romania | Statista Market Forecast

Romania's Public Transportation market is expected to experience significant growth, with revenue projected to reach US$1.42bn by 2024.
Moreover, it is estimated that the market volume will witness a Compound Annual Growth Rate (CAGR 2024-2029) of 2.51%, resulting in a projected market volume of US$1.60bn by 2029.
The number of users in the market is also expected to increase, amounting to 11.81m users by 2029.
The user penetration rate is projected to be 57.7% in 2024 and 61.9% by 2029.
The average revenue per user (ARPU) is expected to be US$125.30.
In addition, it is estimated that 23% of the total revenue in the Public Transportation market will be generated through online sales 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.
Romania's public transportation system is undergoing modernization efforts, with a focus on improving infrastructure and increasing the use of sustainable energy sources.

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 Romania is experiencing significant growth and development in recent years.

Customer preferences: Customers in Romania are increasingly opting for public transportation due to several reasons. Firstly, the cost of owning a private vehicle, including fuel, maintenance, and parking fees, is high, making public transportation a more affordable option. Additionally, the traffic congestion in major cities, such as Bucharest, has become a major issue, leading to longer travel times and increased frustration among commuters. As a result, many people are choosing public transportation as a more efficient and stress-free mode of transportation.

Trends in the market: One of the key trends in the public transportation market in Romania is the expansion and modernization of the existing infrastructure. The government has been investing heavily in improving the quality and coverage of public transportation networks, including buses, trams, and metros. This has led to the introduction of new routes, increased frequency of services, and the implementation of modern technologies, such as contactless payment systems and real-time tracking apps. These initiatives aim to make public transportation more convenient and attractive for commuters. Another trend in the market is the shift towards sustainable transportation options. With growing concerns about climate change and environmental sustainability, there is a rising demand for greener modes of transportation. As a result, the government and public transportation authorities are focusing on promoting and expanding the use of electric buses and trams. This not only helps reduce carbon emissions but also improves air quality in urban areas.

Local special circumstances: Romania has a relatively high population density, especially in major cities, which creates a high demand for efficient and reliable public transportation. The country also has a large number of students and young professionals who rely on public transportation to commute to educational institutions and workplaces. Moreover, Romania has a significant tourism industry, with many visitors relying on public transportation to explore the country. These factors contribute to the growth and development of the public transportation market in Romania.

Underlying macroeconomic factors: The economic growth and increasing disposable income in Romania have also played a role in the development of the public transportation market. As people's incomes rise, they are more willing to spend on transportation services that offer convenience and comfort. Furthermore, the government's focus on infrastructure development and urban planning has created opportunities for public transportation companies to expand their services and cater to the growing demand. In conclusion, the Public Transportation market in Romania is experiencing growth and development due to customer preferences for affordable and efficient transportation options, the expansion and modernization of infrastructure, the shift towards sustainable transportation, local special circumstances such as high population density and tourism, and underlying macroeconomic factors such as economic growth and increasing disposable income.

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.