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Public Transportation - Western Asia

Western Asia

Western Asia is expected to witness substantial growth in the Public Transportation market in the coming years.
By 2024, the revenue is projected to reach US$6.69bn.
It is expected to grow annually at a rate of 2.07% from 2024 to 2028, resulting in a market volume of US$7.26bn by 2028.
The Public Transportation market in Western Asia is projected to have 119.70m users users by 2028, with a user penetration rate of 51.4% in 2024 and 51.6% by 2028.
The expected average revenue per user (ARPU) in this market is US$58.43.
Furthermore, online sales are projected to contribute 23% of the total revenue by 2028.
It is interesting to note that in global comparison, United States is expected to generate the most revenue (US$50,310m in 2024) in the Public Transportation market.
In Western Asia, the demand for eco-friendly public transportation options is rising, with countries like Israel and Jordan investing in electric buses and trains.

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

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Analyst Opinion

The Public Transportation market in Western Asia is experiencing significant growth and development.

Customer preferences: Customers in Western Asia are increasingly opting for public transportation due to several reasons. Firstly, there is a growing awareness about the environmental impact of private vehicles, leading to a shift towards more sustainable modes of transportation. Secondly, the convenience and affordability of public transportation systems make them an attractive option for many individuals. Additionally, the increasing urbanization in the region has resulted in a greater need for efficient and reliable transportation options.

Trends in the market: One of the key trends in the Public Transportation market in Western Asia is the expansion and modernization of existing infrastructure. Governments in the region are investing heavily in upgrading and expanding their public transportation systems to meet the growing demand. This includes the construction of new metro lines, the introduction of bus rapid transit systems, and the implementation of smart transportation technologies. Another trend is the integration of different modes of transportation. Western Asian countries are focusing on creating seamless connections between various modes of public transportation, such as buses, metro, and trams. This integrated approach aims to provide passengers with a more convenient and efficient travel experience. Furthermore, there is a growing emphasis on the use of clean energy in public transportation. Many countries in Western Asia are adopting electric buses and trains to reduce carbon emissions and promote sustainable transportation. This trend is driven by both environmental concerns and the availability of renewable energy sources in the region.

Local special circumstances: The Public Transportation market in Western Asia is also influenced by local special circumstances. For example, some countries in the region have a high population density, which increases the demand for efficient transportation systems. Additionally, the presence of large expatriate communities in certain cities creates a diverse customer base with specific transportation needs.

Underlying macroeconomic factors: Several macroeconomic factors contribute to the development of the Public Transportation market in Western Asia. Economic growth and urbanization are key drivers of the market, as they lead to increased mobility and demand for transportation services. Government policies and investments play a crucial role in shaping the market, as they provide the necessary funding and regulatory framework for the development of public transportation infrastructure. Additionally, technological advancements and innovations in the transportation sector are driving the growth of the market by improving the efficiency and effectiveness of public transportation systems.

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.