Key regions: South America, Malaysia, China, Thailand, United States
The Public Transportation market in Southern Europe is experiencing significant growth due to several key factors. Customer preferences are shifting towards more sustainable and affordable transportation options, leading to an increased demand for public transportation services. Additionally, local special circumstances and underlying macroeconomic factors are also contributing to the development of the market. Customer preferences in Southern Europe are increasingly focused on sustainability and affordability. With growing concerns about climate change and the need to reduce carbon emissions, many individuals are opting for public transportation as a more environmentally friendly alternative to private cars. Public transportation systems in Southern Europe are becoming more efficient and reliable, offering convenient options for commuters. Furthermore, the affordability of public transportation compared to owning and maintaining a private vehicle is an attractive factor for many residents in the region. Trends in the market indicate a shift towards the expansion and improvement of public transportation infrastructure. Southern European countries are investing in the development of new transportation networks, including the construction of new metro lines, tram systems, and bus routes. These investments aim to improve connectivity within and between cities, making public transportation a more viable option for residents and visitors alike. Additionally, there is a growing emphasis on the integration of different modes of transportation, such as the combination of metro and bus services, to provide seamless journeys for passengers. Local special circumstances in Southern Europe also contribute to the growth of the public transportation market. Many cities in the region face challenges related to congestion and limited parking spaces, making private car ownership less practical. As a result, residents are more inclined to rely on public transportation for their daily commuting needs. Additionally, the tourism industry in Southern Europe is a significant driver of public transportation demand, as visitors often prefer to use public transportation to explore cities and tourist attractions. Underlying macroeconomic factors are also playing a role in the development of the public transportation market in Southern Europe. The economic downturn in recent years has led to a decrease in disposable income for many individuals, making public transportation a more cost-effective option compared to private car ownership. Furthermore, governments in the region are recognizing the economic benefits of investing in public transportation, such as job creation and increased productivity, which further drives the growth of the market. In conclusion, the Public Transportation market in Southern Europe is experiencing growth due to customer preferences for sustainable and affordable transportation options, as well as local special circumstances and underlying macroeconomic factors. The expansion and improvement of public transportation infrastructure, along with the integration of different transportation modes, are key trends in the market. The challenges of congestion and limited parking spaces, as well as the importance of the tourism industry, also contribute to the development of the market. Overall, the public transportation market in Southern Europe is poised for further growth in the coming years.
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.
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