# Global Transit Data

Part
01
of two
Part
01

## 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.

We have done all the calculations below and provided in the attached triangulation spreadsheet.

### 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

Part
02
of two
Part
02

## European Public Transit Market

The market size of the public transit sector in Europe is estimated to be valued at \$12,729,492,360.

### Calculations

In order to determine the estimated value of the public transit in Europe, we used Germany as a proxy in calculating the estimated value of the public transit sector in Europe, as partly indicated on Statista report.

Therefore, to obtain the ratio of people per ride on public transit in Germany, we divide the total population of Germany by the total ridership in Germany.

The total population of Germany/ Total ridership in Germany;

We obtain the ratio of people per ride on public transit in Germany to be 7.16.

Then we made an assumption that the ratio of people per ride on public transit in Germany applies across Europe. Therefore, we can use this ratio of people per ride on public transit in Germany to triangulate the total ridership across Europe by dividing the total population of Europe by the ratio that we obtained.

The total population of Europe/ Ratio of people per ride on public transit in Germany= Total ridership across Europe.

508,000,000/ 7.16= 3,636,997,817.

The total ridership across Europe is 3,636,997,817.

The average cost per ride in Germany is EUR3.50 which when converted to USD becomes \$3.50. We made an assumption that the average cost per ride in Germany applies to the average cost per ride across Europe.

Therefore, to calculate the total market of the public transit sector across Europe we multiply the total ridership in Europe by the average cost per ride in Europe.

Total rides x Average cost per ride= The total market of the public transit sector across Europe.

3,636,997,817*3.50= \$12,729,492,360.

Total market of the public transit sector across Europe is \$12,729,492,360.

We now conclude that the value of the public transit sector in Europe is estimated to be worth \$12,729,492,360.
Sources
Sources