Bus Tickets - Algeria | Statista Market Forecast

By 2024, revenue in Algeria's Bus Tickets market is estimated to reach US$12.86m.
It is expected that the revenue will grow annually at a rate of 4.12% between 2024 and 2029, resulting in a projected market volume of US$15.74m by 2029.
The number of users in the Bus Tickets market is expected to reach 1.05m users by 2029.
The projected user penetration rate is 1.9% in 2024 and 2.1% by 2029.
The average revenue per user (ARPU) is expected to be US$14.84.
It is estimated that 62% of the total revenue in the Bus Tickets market will be generated through online sales by 2029.
When compared globally, China is expected to generate the highest revenue (US$5bn in 2024).
Algeria's bus market is experiencing growth due to increasing demand for public transportation in urban areas.

Definition:

The Bus tickets market consists of tickets for long-distance travel or cross-regional travel by bus or coach. This includes country-specific providers of bus transport, e.g., Eurolines, National Express and Greyhound. As a rule, travel for single passengers and groups or time-limited subscription-based travel can be booked up to a year in advance. Tickets for public transport, for within a city or other local travel are not included.

Additional Information:

The main performance indicators of the Bus tickets market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Tickets for long-distance travel or cross-regional travel by bus or coach
Time-limited subscription based travel
Line service and regular, scheduled bus service
All online and offline booked long-distance bus tickets regardless of the purchase channel

Tickets for public transport, for within a city or other local travel
Bus trips that are organized as an excursion or specifically for a travel group

The Buses market in Algeria has been experiencing significant growth in recent years.

Customer preferences: Algerian customers have shown a strong preference for buses that are fuel-efficient and environmentally friendly. This can be attributed to the increasing awareness of the need for sustainable transportation solutions. Customers also value buses that are comfortable and have modern amenities such as air conditioning and entertainment systems. Safety is another important factor for customers, as they prioritize buses that are equipped with advanced safety features.

Trends in the market: One of the key trends in the Buses market in Algeria is the increasing demand for electric buses. This trend is driven by the government's push for greener transportation options and the availability of subsidies for electric vehicles. Electric buses are seen as a more sustainable and cost-effective alternative to traditional diesel buses. As a result, bus manufacturers are investing in the development and production of electric buses to cater to this growing demand. Another trend in the market is the rise of bus-sharing services. This trend is fueled by the increasing urbanization in Algeria, which has led to a higher demand for public transportation. Bus-sharing services provide a convenient and affordable option for commuters, especially in densely populated areas. These services are often supported by mobile applications that allow users to book and track buses in real-time.

Local special circumstances: Algeria has a large population and a growing middle class, which has contributed to the increased demand for buses. The government has also implemented policies to improve public transportation infrastructure, such as the construction of new bus terminals and the expansion of existing bus routes. These initiatives have created opportunities for bus manufacturers to expand their operations in the country.

Underlying macroeconomic factors: The Buses market in Algeria is influenced by several macroeconomic factors. One of the key factors is the country's economic growth, which has led to an increase in disposable income and consumer spending. As a result, more people are able to afford private transportation, including buses. Another factor is the government's investment in infrastructure development. The government has allocated a significant portion of its budget to improve transportation infrastructure, including roads and public transportation systems. This has created a favorable environment for bus manufacturers, as there is a growing demand for buses to support the expanding transportation network. In conclusion, the Buses market in Algeria is experiencing growth due to customer preferences for fuel-efficient and environmentally friendly buses, as well as the increasing demand for electric buses and bus-sharing services. The government's investment in infrastructure development and the country's economic growth are also contributing factors to the market's expansion.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bus tickets.

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.

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