Key regions: United States, Indonesia, China, Saudi Arabia, Europe
The Public Transportation market in South America is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory. Customer preferences in South America are shifting towards more sustainable and efficient modes of transportation. With increasing concerns about climate change and environmental sustainability, there is a growing demand for public transportation options that reduce carbon emissions and promote a greener lifestyle. Additionally, the rising urban population in South America has led to increased congestion and traffic problems, making public transportation a more attractive option for many people. Trends in the market are also driving the development of the Public Transportation sector in South America. Governments across the region are investing heavily in infrastructure development, including the expansion of public transportation networks. This includes the construction of new subway lines, bus rapid transit systems, and the introduction of electric buses. These investments are aimed at improving mobility, reducing congestion, and providing affordable transportation options to the growing urban population. Local special circumstances in South America also play a role in the development of the Public Transportation market. Many countries in the region have large income disparities, with a significant portion of the population living in poverty. Public transportation is often the most affordable option for low-income individuals, making it an essential service for many people. Governments recognize this and are investing in public transportation as a means of promoting social inclusion and reducing inequality. Underlying macroeconomic factors are also contributing to the growth of the Public Transportation market in South America. Economic growth in the region has led to increased urbanization and a higher demand for transportation services. As more people move to cities in search of better job opportunities, the need for efficient and reliable public transportation becomes paramount. Additionally, governments in South America are increasingly recognizing the economic benefits of investing in public transportation, including job creation and increased productivity. In conclusion, the Public Transportation market in South America is experiencing significant growth and development. Customer preferences for sustainable and efficient transportation, along with government investments in infrastructure and a focus on social inclusion, are driving this positive trend. The underlying macroeconomic factors of urbanization and economic growth further contribute to the expansion of the market. As a result, the Public Transportation sector in South America is poised for continued growth 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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