Public Transportation - Slovakia | Statista Market Forecast

In Slovakia, the Public Transportation market is expected to witness a significant surge in revenue, with a projected value of US$688.60m by 2024.
Moreover, the revenue is anticipated to showcase a Compound Annual Growth Rate (CAGR) of 2.65% from 2024 to 2029, reaching a market size of US$784.70m by 2029.
The Public Transportation market is expected to witness a rise in the number of users, with a projected value of 3.21m users by 2029.
The user penetration rate is estimated to be 54.6% in 2024 and is expected to reach 57.8% by 2029.
The average revenue per user (ARPU) is expected to be US$220.90.
The market is projected to generate 23% of total revenue through online sales by 2029.
It is noteworthy that in comparison to other countries, United States is expected to generate the highest revenue of US$52bn by 2024 in the Public Transportation market.
Slovakia's public transportation system is undergoing modernization efforts, with a focus on improving infrastructure and introducing eco-friendly modes of transport.

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 Slovakia has been witnessing significant growth in recent years.

Customer preferences: Customers in Slovakia are increasingly opting for public transportation due to its convenience, affordability, and environmental benefits. With the growing population and urbanization, there is a higher demand for efficient and reliable transportation services. Additionally, the younger generation, who are more conscious about sustainability, are actively choosing public transportation over private vehicles.

Trends in the market: One of the key trends in the Public Transportation market in Slovakia is the adoption of smart technologies. This includes the implementation of smart ticketing systems, real-time passenger information systems, and mobile applications for route planning and ticket purchase. These technologies not only enhance the overall customer experience but also improve operational efficiency for transportation providers. Another trend is the integration of different modes of transportation. Slovakia is investing in the development of multimodal transportation hubs that connect various modes of public transportation, such as buses, trams, and trains. This integration allows for seamless transfers and encourages more people to use public transportation for their daily commute.

Local special circumstances: Slovakia is a landlocked country in Central Europe with a relatively small geographical area. This makes public transportation a more feasible and practical option for the majority of the population. The country has a well-developed transportation infrastructure, including an extensive network of roads, railways, and public transportation systems.

Underlying macroeconomic factors: The growth of the Public Transportation market in Slovakia is also influenced by several macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and higher living standards. This has resulted in a greater demand for transportation services, including public transportation. Furthermore, the government of Slovakia has been actively promoting sustainable transportation solutions to reduce traffic congestion and environmental pollution. This includes the implementation of policies and regulations that support the development and expansion of public transportation networks. The government has also been investing in infrastructure projects to improve the connectivity and accessibility of public transportation services. In conclusion, the Public Transportation market in Slovakia is experiencing growth due to customer preferences for convenience and sustainability. The adoption of smart technologies and the integration of different modes of transportation are key trends in the market. The local special circumstances, such as the country's small geographical area and well-developed transportation infrastructure, contribute to the popularity of public transportation. Additionally, underlying macroeconomic factors, such as economic growth and government initiatives, further drive the market's development.

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.