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Public Transportation - Brunei Darussalam

Brunei Darussalam

In Brunei Darussalam, the Public Transportation market is expected to generate a revenue of US$58.36m by 2024.
The revenue is projected to grow annually at a rate of 1.60%, resulting in a market volume of US$62.18m by 2028.
The number of users in the Public Transportation market is expected to reach 307.10k users by 2028 with a user penetration of 66.1% in 2024, increasing to 65.6% by 2028.
The projected average revenue per user (ARPU) is US$193.80.
By 2028, 22% of the total revenue in the Public Transportation market is expected to be generated through online sales.
In comparison to other countries, United States is expected to generate the most revenue in the Public Transportation market, with a projected revenue of US$50,310m in 2024.
Brunei Darussalam's public transportation market is largely dominated by buses and taxis, with a growing focus on improving infrastructure and expanding services.

Key regions: United States, Indonesia, China, Saudi Arabia, Europe

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Analyst Opinion

The Public Transportation market in Brunei Darussalam is experiencing significant development and growth.

Customer preferences: Customers in Brunei Darussalam are increasingly opting for public transportation options due to several factors. Firstly, the rising cost of private vehicle ownership, including fuel prices, maintenance, and insurance, has made public transportation a more affordable alternative. Additionally, the increasing traffic congestion in urban areas has made using public transportation more convenient and time-efficient for commuters. Moreover, the growing awareness of environmental issues and the desire to reduce carbon emissions has also contributed to the shift towards public transportation.

Trends in the market: One of the major trends in the public transportation market in Brunei Darussalam is the expansion and improvement of the bus network. The government has been investing in the development of new bus routes and the upgrading of existing infrastructure to provide better connectivity and accessibility for commuters. This includes the introduction of new buses with modern amenities and technologies, such as air conditioning and real-time tracking systems. Another trend is the integration of digital technologies in public transportation services. Mobile applications and online platforms have been introduced to provide commuters with real-time information on bus schedules, routes, and fares. This has made it easier for people to plan their journeys and has improved the overall customer experience.

Local special circumstances: Brunei Darussalam has a relatively small population and a compact geographical area, which makes it easier to implement and manage public transportation systems. The government has been proactive in promoting public transportation as a sustainable and efficient mode of transportation. This has led to the development of a comprehensive public transportation network that covers both urban and rural areas.

Underlying macroeconomic factors: The development of the public transportation market in Brunei Darussalam is driven by several macroeconomic factors. Firstly, the government's focus on diversifying the economy away from oil and gas has led to increased investment in infrastructure development, including public transportation. This has created opportunities for both domestic and foreign investors in the market. Secondly, the government's commitment to sustainable development and reducing carbon emissions has also played a significant role in the growth of the public transportation market. The implementation of policies and initiatives to promote public transportation has encouraged more people to use these services. In conclusion, the Public Transportation market in Brunei Darussalam is developing rapidly due to customer preferences for affordability, convenience, and environmental sustainability. The expansion of the bus network, integration of digital technologies, and government support are driving the growth of the market. The local special circumstances, such as the small population and compact geographical area, make it easier to implement and manage public transportation systems. The underlying macroeconomic factors, including infrastructure development and sustainable development goals, further contribute to the market's development.

Methodology

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.