Public Transportation - Zimbabwe | Statista Market Forecast

Zimbabwe is projected to witness a substantial rise in revenue in the Public Transportation market, reaching US$35.19m by 2024.
Further, the revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 26.56%, leading to a projected market volume of US$114.20m by 2029.
Additionally, the number of users in the Public Transportation market is expected to rise to 8.17m users by 2029.
The user penetration rate is estimated to be 32.2% in 2024 and 43.4% by 2029.
Moreover, the average revenue per user (ARPU) is projected to amount to US$6.42.
By 2029, around 14% of the total revenue in the Public Transportation market is expected to be generated through online sales.
It is noteworthy that in the global comparison, United States is expected to generate the most revenue, amounting to US$52bn in 2024.
Zimbabwe's public transportation system is plagued by aging vehicles, limited routes, and frequent breakdowns, leading to overcrowding and safety concerns.

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.

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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 Zimbabwe is experiencing significant growth and development due to several factors.

Customer preferences: Customers in Zimbabwe are increasingly opting for public transportation as their preferred mode of travel. This is driven by factors such as the high cost of owning and maintaining a private vehicle, as well as the convenience and affordability of public transportation options. Additionally, the growing awareness about environmental sustainability and the need to reduce carbon emissions has also led to an increased preference for public transportation among customers.

Trends in the market: One of the key trends in the Public Transportation market in Zimbabwe is the modernization and expansion of existing transportation infrastructure. This includes the introduction of new buses and trains that are more comfortable and efficient, as well as the development of new routes and networks to cater to the growing demand. This trend is driven by the government's efforts to improve the overall transportation system in the country and provide better connectivity to both urban and rural areas. Another trend in the market is the adoption of technology in public transportation services. This includes the introduction of electronic ticketing systems, real-time tracking and monitoring of vehicles, and the integration of mobile applications for booking and information purposes. These technological advancements not only enhance the overall customer experience but also improve the operational efficiency of public transportation services.

Local special circumstances: Zimbabwe faces unique challenges in its public transportation market. The country has a large rural population, which requires transportation services that can cater to their specific needs. This has led to the development of innovative solutions such as rural transportation schemes and community-based transport initiatives. Additionally, the country's economic situation and limited resources have posed challenges in terms of maintaining and upgrading the existing transportation infrastructure.

Underlying macroeconomic factors: The development of the Public Transportation market in Zimbabwe is also influenced by several macroeconomic factors. The country's economic growth and stability play a crucial role in attracting investments and financing for infrastructure development. Additionally, government policies and regulations related to public transportation, such as fare regulations and licensing requirements, also impact the market. The availability of skilled labor and technological expertise is another important factor that affects the development of the market. In conclusion, the Public Transportation market in Zimbabwe is experiencing growth and development driven by customer preferences for affordability and convenience, as well as the government's efforts to improve transportation infrastructure. The adoption of technology and the development of innovative solutions for rural areas are also shaping the market. However, challenges such as limited resources and economic constraints need to be addressed to ensure sustainable growth in the 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.