Key regions: United States, Indonesia, China, Saudi Arabia, Europe
The Public Transportation market in United Arab Emirates has been experiencing significant growth in recent years.
Customer preferences: Customers in United Arab Emirates have shown a growing preference for public transportation due to several reasons. Firstly, the increasing population and urbanization in the country have led to congestion on the roads, making public transportation a more convenient and efficient option for many people. Additionally, the government has been actively promoting the use of public transportation through various initiatives, such as the introduction of integrated ticketing systems and the expansion of the metro network. These efforts have made public transportation more accessible and attractive to customers.
Trends in the market: One of the key trends in the Public Transportation market in United Arab Emirates is the expansion of the metro network. The Dubai Metro, which was launched in 2009, has been a major success and has encouraged other cities in the country to invest in similar projects. The Abu Dhabi Metro, for example, is currently under construction and is expected to be completed in the coming years. This expansion of the metro network will not only provide customers with more options for public transportation but also contribute to reducing traffic congestion and improving air quality in the cities. Another trend in the market is the adoption of smart technologies. United Arab Emirates is known for its technological advancements, and the public transportation sector is no exception. Customers can now use mobile apps to plan their journeys, track the arrival times of buses and trains, and even make payments. These smart technologies have made public transportation more convenient and user-friendly, further driving its popularity among customers.
Local special circumstances: One of the unique aspects of the Public Transportation market in United Arab Emirates is the large number of expatriates living in the country. These expatriates often rely on public transportation as they may not own cars or prefer not to drive in a foreign country. The government has recognized the importance of catering to the needs of this diverse population and has made efforts to ensure that public transportation is accessible to all, regardless of their nationality or language.
Underlying macroeconomic factors: The growth of the Public Transportation market in United Arab Emirates can be attributed to several underlying macroeconomic factors. Firstly, the country has a strong economy and a high per capita income, which allows people to afford public transportation. Additionally, the government has been investing heavily in infrastructure development, including the expansion of the public transportation network, as part of its efforts to diversify the economy and reduce dependence on oil. These investments have not only created jobs but also stimulated economic activity in the country. In conclusion, the Public Transportation market in United Arab Emirates is developing rapidly due to customer preferences for convenience and efficiency, the expansion of the metro network, the adoption of smart technologies, the presence of a large expatriate population, and underlying macroeconomic factors such as a strong economy and government investments in infrastructure. This growth is expected to continue in the coming years as the government continues to prioritize the development of public transportation and customers increasingly recognize the benefits of using it.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
