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Part

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## Public Transit Market By Global Region, SE Asia and East Asia

The approximate public transit market size of Southeast Asia and East Asia is $149.5 billion and $121.1 billion respectively.

For each of the global regions, we used the following logic to estimate the public transit market size:

Source population of a large city in the region. (i.e., Mumbai, Bangkok, and Shanghai)

Source population of the region.

Source the total ridership of public transit in the city.

Calculate the ratio of ridership to the population in the region.

Calculate the number of rides per year by multiplying region population by the ratio.

Source the average cost per ride on the transit system

Calculate the total market by multiplying the total number of rides by cost per ride.

### SOUTHEAST ASIA

Mumbai, India

According to Worldometers, the population of Mumbai is 20,185,064 while the total population of Southeast Asia is 655,636,576. The average ridership in Mumbai is 7,500,000 per day.

Hence, the average number of rides per person per day on public transit in Mumbai = Ridership per day / Total population of Mumbai = 20,185,064 / 7,500,000 = 0.37

Assuming the same ratio for Southeast Asia, the number of rides per day in Southeast Asia = Population of Southeast Asia * Ratio of ridership per person = 655,636,576 * 0.37 = 243,609,548

Since there are 365 days in a year, number of rides in a year in Southeast Asia = Number of rides per day * 365 = 243,609,548 * 365 = 88,917,485,067

And, the average cost of public local transport in India is $0.29 per ride, according to PriceofTravel.

Therefore, the total market size of public transit in Mumbai in 2018 = Total rides in 2018 x Average cost per ride = 88,917,485,067 * $0.29 = $25,786,070,669

Bangkok, Thailand

According to Worldometers, the population of Bangkok is 8,280,925 while the total population of Southeast Asia is 655,636,576. The average ridership in Bangkok is 9,700,000 per day.

Hence, the average number of rides per person per day on public transit in Bangkok = Ridership per day / Total population of Bangkok = 9,700,000 / 8,280,925 = 1.17

Assuming the same ratio for Southeast Asia, the number of rides per day in Southeast Asia = Population of Southeast Asia * Ratio of ridership per person = 655,636,576 * 1.17 = 767,990,869

Since there are 365 days in a year, number of rides in a year in Bangkok = Number of rides per day * 365 = 767,990,869 * 365 = 280,316,667,199

And, the average cost of public transport in Thailand is $0.98 per ride, according to PriceofTravel.

Therefore, the total market size of public transit in Bangkok in 2018 = Total rides in 2018 x Average cost per ride = 280,316,667,199 * $0.98 = $273,308,750,519

Therefore, the total market size of public transit in Southeast Asia = (total market size of public transit in Mumbai + total market size of public transit in Bangkok) / 2 = ($25,786,070,669 + $273,308,750,519) / 2 = $149,547,410,594

### EAST ASIA

According to Worldometers, the population of Shanghai is 24,000,000 while the total population of East Asia is 1,659,040,770. And, the average ridership in Shanghai is 16,000,000 per day.

Hence, the ratio of rides per person on public transit in Shanghai in a day = Ridership per day/Total population of Shanghai = 16,000,000 / 24,000,000 = 0.67

Assuming the same ratio for East Asia, the number of rides per day in East Asia = Population of East Asia x Ratio of ridership per person = 1,659,040,770 * 0.67 = 1,106,027,180

As there are 365 days in a year, number of rides in a year in East Asia = Number of rides per day*365 = 1,106,027,180 * 365= 403,699,920,700

And, the average cost of public local transport in East Asia is $0.30 per ride, according to Lonely Planet.

Therefore, the total market size of public transit in East Asia in 2018 = Total rides in 2018 x Average cost per ride = 403,699,920,700 * $0.30 = $121,109,976,210