Bus Tickets - Angola | Statista Market Forecast

Angola is projected to witness a revenue of US$46.80m in the Bus Tickets market by 2024.
The market is expected to grow annually at a rate of 5.03%, which will result in a market volume of US$59.81m by 2029.
Additionally, the number of users in this market is predicted to reach 1.79m users by the same year.
Considering the user penetration, it is expected to be 3.4% in 2024 and 4.1% in 2029.
The average revenue per user (ARPU) is estimated to be US$36.14.
Moreover, the Bus Tickets market is expected to generate 30% of total revenue through online sales by 2029.
Notably, China is projected to generate the highest revenue in the Bus Tickets market globally, amounting to US$5bn by 2024.
Angola is experiencing a surge in demand for buses due to government investments in public transport infrastructure.

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 Angola is experiencing significant growth due to several factors. Customer preferences for reliable and affordable transportation options, along with the country's efforts to improve its public transportation infrastructure, are driving the demand for buses. Additionally, local special circumstances such as urbanization and population growth are contributing to the expansion of the market. Customer preferences in Angola favor buses as a mode of transportation due to their affordability and reliability. Buses provide a cost-effective alternative to private cars, making them a popular choice for individuals and families looking to save money on transportation expenses. Moreover, buses are considered a reliable means of transportation, especially for longer distances, as they offer comfortable seating and amenities such as air conditioning. These customer preferences have led to an increased demand for buses in the market. In addition to customer preferences, the market for buses in Angola is also being driven by the country's efforts to improve its public transportation infrastructure. Angola has been investing in the development of its road networks and public transportation systems, including the expansion of bus routes and the construction of new bus terminals. These infrastructure improvements are aimed at addressing the transportation needs of the growing urban population and reducing traffic congestion. As a result, there is a growing demand for buses to support the improved public transportation network. Local special circumstances in Angola, such as urbanization and population growth, are also contributing to the growth of the buses market. The country is experiencing rapid urbanization, with an increasing number of people moving to cities in search of better employment opportunities and access to services. This urbanization trend has led to an increase in the demand for public transportation, including buses, as the population in urban areas relies heavily on these modes of transportation. Additionally, population growth in Angola is driving the need for more buses to accommodate the growing number of commuters. Underlying macroeconomic factors, such as economic growth and government policies, are also influencing the development of the buses market in Angola. The country's economy has been growing steadily, which has resulted in increased disposable income for individuals and families. This has led to a higher demand for transportation options, including buses, as people have more money to spend on commuting. Furthermore, the government has implemented policies to promote the use of public transportation, including subsidies for bus operators and the introduction of regulations to improve safety standards. These policies are encouraging the growth of the buses market in Angola. In conclusion, the Buses market in Angola is experiencing growth due to customer preferences for reliable and affordable transportation options, efforts to improve public transportation infrastructure, local special circumstances such as urbanization and population growth, and underlying macroeconomic factors. The demand for buses is expected to continue increasing as Angola continues to invest in its transportation infrastructure and the population in urban areas continues to grow.

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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.