Public Transportation - Southern Europe

Southern Europe is projected to generate a revenue of US$25.47bn in the Public Transportation market by 2024.
This is expected to have an annual growth rate (CAGR 2024-2029) of 1.79%, resulting in a projected market volume of US$27.84bn by 2029.
By 2029, the number of users in this market is expected to reach 161.80m users.
The user penetration is projected to be 65.6% in 2024 and 68.3% by 2029.
The average revenue per user (ARPU) is expected to be US$164.10.
Furthermore, it is projected that 28% of the total revenue will be generated through online sales by 2029.
It is interesting to note 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.
In Southern Europe, public transportation in Greece is undergoing modernization with the introduction of new, eco-friendly buses.

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 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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.