Public Transportation - Uruguay | Statista Market Forecast

According to projections, the Public Transportation market in Uruguay is expected to generate revenue of US$406.50m by 2024.
It is further estimated that this sector will show an annual growth rate of 2.30% between 2024 and 2029, resulting in a projected market volume of US$455.50m by 2029.
Additionally, it is expected that the number of users in this market will amount to 2.59m users by 2029.
The user penetration rate is projected to decline from 70.0% in 2024 to 75.6% in 2029.
The average revenue per user (ARPU) is estimated to be US$169.70.
It is also projected that by 2029, 18% of the total revenue in the Public Transportation market will be generated through online sales.
When compared globally, United States is expected to generate the highest revenue of US$52bn in 2024.
Uruguay is investing in modernizing its public transportation system to improve accessibility and reduce carbon emissions.

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 Uruguay is experiencing significant growth and development due to several key factors. Customer preferences in the Public Transportation market in Uruguay are shifting towards more sustainable and efficient modes of transportation. With increasing concerns about environmental sustainability, customers are opting for public transportation options that reduce their carbon footprint. Additionally, the convenience and cost-effectiveness of public transportation are appealing to customers who want to avoid the hassle of owning and maintaining private vehicles. Trends in the market include the expansion and modernization of public transportation infrastructure. The government of Uruguay has been investing in the improvement of public transportation systems, including the expansion of bus networks and the introduction of new tram lines. These infrastructure developments are aimed at providing better connectivity and accessibility to customers, making public transportation a more attractive option. Another trend in the market is the integration of technology into public transportation services. Mobile ticketing and payment systems, real-time tracking of buses and trams, and smart transportation solutions are becoming increasingly common. These technological advancements enhance the overall customer experience and make public transportation more efficient and convenient. Local special circumstances in Uruguay, such as its relatively small size and population density, contribute to the development of the Public Transportation market. The compact nature of Uruguay allows for efficient public transportation systems that can serve a large portion of the population. Additionally, the high population density in urban areas creates a strong demand for public transportation options. Underlying macroeconomic factors also play a role in the development of the Public Transportation market in Uruguay. The country's stable economy and increasing urbanization contribute to the growth of the market. As more people move to urban areas, the demand for public transportation increases. Furthermore, government initiatives and policies aimed at promoting sustainable transportation options drive the growth of the market. In conclusion, the Public Transportation market in Uruguay is growing and developing due to changing customer preferences, infrastructure improvements, technological advancements, local special circumstances, and underlying macroeconomic factors. As customers prioritize sustainability and convenience, the market is expected to continue its upward trajectory 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.