Saudi Arabia Public Transportation Market Size & Outlook
Saudi Arabia public transportation market, 2018-2030 (US$M)
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Saudi Arabia public transportation market highlights
- The Saudi Arabia public transportation market generated a revenue of USD 5,093.5 million in 2023 and is expected to reach USD 8,734.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, offline was the largest revenue generating distribution channel in 2023.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
Public transportation market data book summary
| Market revenue in 2023 | USD 5,093.5 million |
| Market revenue in 2030 | USD 8,734.7 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Online, Offline |
| Key market players worldwide | Deutsche Bank AG, MTR Corp Ltd, Southern California Institute of Technology, Tobu Railway Co Ltd, Greater London Authority, East Japan Railway Co, Metropolitan Transportation Authority, STIB-MIVB, c2c Ltd, Rethmann AG & Co. KG |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.3% of the global public transportation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia public transportation market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 7,615.2 million by 2030.
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Public Transportation Market Scope
Public Transportation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia public transportation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to public transportation market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 82.56% in 2023. Horizon Databook has segmented the Saudi Arabia public transportation market based on online, offline covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing investments to meet the socio-economic development goals, the inclination of the population toward public transportation, and the increasing number of public transportation facilities are expected to propel the growth of the public transportation market in Saudi Arabia over the forecast period.
Furthermore, the government of the country is taking various initiatives to minimize traffic on the streets and reduce energy consumption. For instance, in June 2021, the Saudi government launched National Transport and Logistics Strategy to enhance the overall transportation services, which supported Saudi Vision 2030.
The strategy included recent developments, which were designed to reduce traffic congestion and accidents and develop the best public transport across Saudi Arabia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia public transportation market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia public transportation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia public transportation market size, by distribution channel, 2018-2030 (US$M)
Saudi Arabia Public Transportation Market Outlook Share, 2023 & 2030 (US$M)
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