Key regions: United States, Indonesia, China, Saudi Arabia, Europe
The Public Transportation market in Germany has been experiencing significant growth in recent years. Customer preferences have shifted towards more sustainable and efficient modes of transportation, leading to increased demand for public transportation services. Additionally, local special circumstances, such as the high population density and limited parking availability in major cities, have further contributed to the growth of the market. Customer preferences in Germany have been increasingly focused on sustainability and reducing carbon emissions. As a result, there has been a growing demand for public transportation options that provide a more environmentally friendly alternative to private cars. This shift in preference can be attributed to a greater awareness of the environmental impact of transportation and a desire to reduce individual carbon footprints. Another factor driving the growth of the Public Transportation market in Germany is the convenience and cost-effectiveness of using public transportation. With limited parking spaces available in major cities, owning a car can be both expensive and inconvenient. Public transportation offers a more affordable and efficient way to travel, especially for daily commutes. This has led to an increase in the number of people using public transportation on a regular basis. In addition to customer preferences, local special circumstances in Germany have also contributed to the growth of the Public Transportation market. Germany has a high population density, particularly in urban areas, which makes it more challenging for individuals to rely solely on private cars for transportation. Limited parking availability and congested roads further discourage car ownership and encourage the use of public transportation. Furthermore, the German government has implemented policies and initiatives to promote the use of public transportation. These include investment in infrastructure, such as the expansion of tram and subway networks, as well as the introduction of incentives for using public transportation, such as discounted fares for certain groups of people. These measures have further boosted the demand for public transportation services in the country. Underlying macroeconomic factors, such as population growth and urbanization, have also played a role in the development of the Public Transportation market in Germany. As the population continues to grow and more people move to urban areas, the demand for efficient and sustainable transportation options is expected to increase. This provides opportunities for the expansion and improvement of public transportation services in the country. In conclusion, the Public Transportation market in Germany is experiencing growth due to customer preferences for sustainable and cost-effective transportation options, as well as local special circumstances such as high population density and limited parking availability. The government's support and investment in public transportation infrastructure have further contributed to the development of the market. With underlying macroeconomic factors driving population growth and urbanization, the demand for public transportation services is expected to continue to increase 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.
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