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Public Transportation - Jordan

Jordan

Jordan's Public Transportation market is expected to generate revenue of €247.00m in 2024.
The revenue is estimated to grow annually at a rate of 2.62% between 2024 and 2029, leading to a market volume projection of €281.10m by 2029.
By 2029, the number of users in this market is expected to reach 7.86m users.
In 2024, the user penetration rate is estimated to be 62.3% and it is expected to decrease to 66.6% by 2029.
The average revenue per user (ARPU) is projected to be €34.81.
By 2029, 19% 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 projected to generate the highest revenue of €47bn in 2024.
Jordan's public transportation system is undergoing significant modernization efforts to improve efficiency and reduce traffic congestion in major cities.

Key regions: South America, Malaysia, China, Thailand, United States

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Analyst Opinion

The Public Transportation market in Jordan has been experiencing significant growth in recent years, driven by several factors including changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Jordan have been shifting towards more sustainable and efficient modes of transportation, leading to an increased demand for public transportation. This is driven by a growing awareness of the environmental impact of private vehicles, as well as the desire for cost-effective and convenient transportation options. As a result, more people are opting to use public transportation as their primary mode of travel. Trends in the market have also contributed to the development of the Public Transportation market in Jordan. One of the key trends is the adoption of technology in the sector, with the introduction of smart ticketing systems and mobile applications for real-time information and booking. This has made public transportation more accessible and user-friendly, attracting more customers to use these services. Another trend that has emerged in the market is the integration of different modes of transportation, such as buses, trains, and taxis, to provide seamless and efficient travel options. This integration has been facilitated by the government's efforts to improve infrastructure and connectivity, making it easier for people to switch between different modes of transportation. Local special circumstances have also played a role in the development of the Public Transportation market in Jordan. The country has a relatively small land area and a high population density, which has put pressure on the existing transportation infrastructure. In response, the government has invested in the expansion and modernization of public transportation systems to meet the growing demand. Underlying macroeconomic factors have also contributed to the growth of the Public Transportation market in Jordan. The country has experienced stable economic growth in recent years, leading to an increase in disposable income and a higher standard of living. This has resulted in a greater demand for transportation services, including public transportation. In conclusion, the Public Transportation market in Jordan has been developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. The shift towards more sustainable and efficient modes of transportation, the adoption of technology, the integration of different modes of transportation, and the government's investment in infrastructure have all contributed to the growth of the market.

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.