Public Transportation - Worldwide

The Public Transportation market worldwide is anticipated to witness significant growth in the coming years.
The market's revenue is projected to reach a staggering US$288.00bn by 2024, with an estimated annual growth rate of 2.29% between 2024 and 2029.
This growth is expected to result in a market volume of US$322.60bn by 2029.
Furthermore, the number of users in the Public Transportation market is expected to increase to 5.17bn users by 2029, with a projected user penetration rate of 64.2% by 2029, up from 57.5% in 2024.
The average revenue generated per user (ARPU) is expected to be US$64.61.
It is also worth noting that by 2029, online sales are expected to contribute 26% of the total revenue in the Public Transportation market.
In terms of revenue generated by country, United States is expected to hold the lion's share of the market, with a projected revenue of US$52bn in 2024.
In Japan, public transportation systems are highly advanced and integrated, including bullet trains and efficient subway networks.

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 is witnessing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in the Public Transportation market are increasingly seeking convenient and cost-effective transportation options. With the rise in urbanization and population growth, there is a growing demand for efficient and reliable transportation systems that can accommodate large numbers of people. Additionally, customers are becoming more environmentally conscious and are opting for public transportation as a sustainable alternative to private vehicles.

Trends in the market: One of the key trends in the Public Transportation market is the adoption of smart technology. Many cities and countries are investing in smart transportation systems that utilize technology to improve efficiency, safety, and user experience. This includes the implementation of smart ticketing systems, real-time tracking of vehicles, and integrated transportation apps. These technological advancements not only enhance the overall transportation experience for customers but also help transportation authorities in better managing their operations. Another trend in the market is the integration of different modes of transportation. Many cities are adopting a multimodal approach to public transportation, which involves the seamless integration of buses, trains, trams, and other modes of transport. This allows customers to easily switch between different modes of transport and reach their destinations more efficiently. Additionally, the integration of public transportation with other forms of mobility, such as bike-sharing and ride-sharing services, is also gaining popularity.

Local special circumstances: The development of the Public Transportation market is influenced by local special circumstances in different countries and regions. For example, in densely populated cities with limited space for road expansion, there is a greater emphasis on developing efficient public transportation systems to reduce congestion and improve air quality. In countries with high fuel prices, public transportation becomes a more attractive option for customers due to its cost-effectiveness. Furthermore, government policies and initiatives play a crucial role in shaping the Public Transportation market. Many governments are investing in infrastructure development and offering subsidies to encourage the use of public transportation. This includes the construction of new metro lines, expansion of bus networks, and improvement of existing transportation infrastructure. These initiatives not only promote public transportation but also contribute to economic development and job creation.

Underlying macroeconomic factors: The growth of the Public Transportation market is also influenced by underlying macroeconomic factors. Economic growth and rising disposable incomes in emerging economies are driving the demand for public transportation services. As more people can afford to travel, there is a greater need for efficient and affordable transportation options. Moreover, the increasing focus on sustainable development and reducing carbon emissions is driving the adoption of public transportation. Governments and organizations are recognizing the importance of reducing reliance on private vehicles and promoting public transportation as a greener alternative. This is further supported by the growing awareness among customers about the environmental impact of transportation. In conclusion, the Public Transportation market is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The adoption of smart technology, integration of different modes of transportation, and government initiatives are driving the development of the market. Additionally, the focus on sustainability and the need for efficient transportation systems are further contributing to the growth of the Public Transportation market.

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.