Public Transportation - Turkey | Statista Market Forecast

Turkey's Public Transportation market is expected to generate revenue of US$3.96bn by 2024, with an estimated annual growth rate of 2.32% (CAGR 2024-2029).
This growth is expected to result in a market volume of US$4.43bn by 2029.
The number of users in this market is projected to reach 60.52m users by 2029, with a user penetration rate of 65.9% in 2024 and 68.4% by 2029.
The average revenue per user (ARPU) is estimated to be US$69.53.
Furthermore, 28% of the total revenue in the Public Transportation market is expected to be generated through online sales by 2029.
In comparison to other countries, United States is projected to generate the most revenue in the Public Transportation market, with an estimated revenue of US$52bn in 2024.
Turkey's public transportation system is undergoing modernization efforts, with the introduction of new technologies such as contactless payment systems and smart card integration.

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 Turkey is experiencing significant growth and development in recent years.

Customer preferences: Customers in Turkey are increasingly opting for public transportation as their preferred mode of travel. This shift in preference can be attributed to several factors. Firstly, public transportation offers a more cost-effective option compared to private vehicles, especially in a country where fuel prices are relatively high. Additionally, the growing concern for the environment and the need to reduce carbon emissions has also influenced customer preferences towards public transportation.

Trends in the market: One of the key trends in the public transportation market in Turkey is the expansion and modernization of existing infrastructure. The government has been investing heavily in upgrading and expanding public transportation networks, including the construction of new metro lines, tramways, and bus routes. This expansion aims to improve accessibility and connectivity within cities, as well as to reduce traffic congestion. Another trend in the market is the adoption of new technologies in public transportation services. This includes the introduction of smart ticketing systems, real-time passenger information systems, and mobile applications for journey planning and ticket purchasing. These technological advancements not only enhance the overall customer experience but also increase the efficiency and reliability of public transportation services.

Local special circumstances: Turkey's population is predominantly concentrated in urban areas, with major cities experiencing rapid population growth. This concentration of population has put significant pressure on existing transportation infrastructure, leading to congestion and delays. As a result, there is a growing need for efficient and reliable public transportation options to meet the increasing demand. Furthermore, Turkey is a popular tourist destination, attracting millions of visitors each year. The development of public transportation infrastructure is crucial in providing convenient and accessible transportation options for tourists, ensuring a positive experience during their stay in the country.

Underlying macroeconomic factors: The growth and development of the public transportation market in Turkey can be attributed to several underlying macroeconomic factors. Firstly, the country's strong economic growth has led to an increase in disposable income, allowing more people to afford public transportation services. Additionally, the government's focus on sustainable development and reducing carbon emissions has led to increased investments in public transportation infrastructure. In conclusion, the Public Transportation market in Turkey is experiencing significant growth and development due to customer preferences for cost-effective and environmentally friendly transportation options. The expansion and modernization of infrastructure, adoption of new technologies, and the need to address congestion and accommodate the growing population and tourist influx are key trends driving the market. The underlying macroeconomic factors, such as strong economic growth and government investments, also contribute to 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.