Skip to main content
  1. Market Insights
  2. Mobility
  3. Shared Mobility

Public Transportation - Singapore

Singapore
  • Singapore's Public Transportation market is expected to see a significant increase in revenue, reaching US$1.36bn by 2024.
  • This revenue is projected to grow annually at a rate of 2.03%, resulting in a market volume of US$1.50bn by 2029.
  • The number of users in this market is expected to reach 4.95m users by 2029, with a user penetration rate of 75.6% in 2024, and 79.6% by 2029.
  • The Average Revenue Per User (ARPU) is predicted to be US$296.80.
  • Additionally, 26% of the total revenue in this market will be generated through online sales by 2029.
  • Comparing globally, United States is projected to generate the most revenue in this market, with a predicted revenue of US$52bn by 2024.
  • Singapore's advanced public transportation system, including its extensive metro network and innovative use of technology, has made it a global leader in sustainable urban mobility.

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.

In-Scope

  • 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

Out-Of-Scope

  • Tickets for long-distance public transportation with nationwide travel offers
  • Private transportation
  • Freight transportation
Public Transportation: market data & analysis - Cover

Market Insights report

Public Transportation: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Public Transportation market in Singapore has been experiencing significant growth in recent years.

    Customer preferences:
    One of the main reasons for this growth is the increasing preference for sustainable and eco-friendly modes of transportation. In Singapore, there is a growing awareness of the impact of transportation on the environment, and many people are choosing to use public transportation as a way to reduce their carbon footprint. Additionally, the convenience and affordability of public transportation have also contributed to its popularity among customers.

    Trends in the market:
    Another trend in the Public Transportation market in Singapore is the integration of technology. The government and transportation companies have been investing in smart technologies to improve the efficiency and convenience of public transportation services. For example, the introduction of contactless payment systems and real-time tracking apps have made it easier for commuters to access and navigate the public transportation network. This trend is expected to continue as technology continues to advance.

    Local special circumstances:
    Singapore is a small and densely populated country, which presents unique challenges for transportation infrastructure. The limited land area and high population density make it necessary to have an efficient and well-connected public transportation system. The government has recognized this need and has made significant investments in expanding and improving the public transportation network. This includes the construction of new MRT lines, the expansion of bus services, and the implementation of initiatives to encourage cycling and walking.

    Underlying macroeconomic factors:
    The strong economic growth in Singapore has also contributed to the development of the Public Transportation market. As the country continues to attract businesses and foreign investments, the demand for transportation services has increased. Additionally, the government's focus on sustainable development and reducing reliance on private vehicles has created a favorable environment for the growth of the public transportation sector. In conclusion, the Public Transportation market in Singapore is experiencing growth due to customer preferences for sustainable transportation options, the integration of technology, the unique local circumstances of the country, and the underlying macroeconomic factors. The government's investments in improving the public transportation network and the strong economic growth in Singapore are expected to continue driving the growth of the market in the coming years.

    Users

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Methodology

    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.

    Mobility

    Access more Market Insights on Mobility topics with our featured report

    Public Transportation: market data & analysis - BackgroundPublic Transportation: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Contact

    Get in touch with us. We are happy to help.