Bus Tickets - Argentina | Statista Market Forecast

Argentina is projected to witness an upward trend in the Bus Tickets market's revenue, which is expected to reach US$721.20m by 2024.
The annual growth rate (CAGR 2024-2029) is projected to be 4.40%, resulting in a market volume of US$894.50m by 2029.
By 2029, the number of users in the Bus Tickets market is expected to rise to 9.03m users.
The user penetration rate is expected to increase from 18.4% in 2024 to 19.0% by 2029.
The average revenue per user (ARPU) is expected to be US$85.18.
It is anticipated that 46% of the total revenue in the Bus Tickets market will be generated through online sales by 2029.
In comparison to other countries across the globe, China is projected to generate the most revenue (US$5bn in 2024) in the Bus Tickets market.
Argentina's bus market is expected to grow due to increasing demand for efficient 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 Argentina has been experiencing significant growth over the past few years. Customer preferences have shifted towards more eco-friendly and sustainable transportation options, leading to an increased demand for buses. Additionally, several local special circumstances have contributed to the development of the market.

Customer preferences: Customer preferences in Argentina have been shifting towards more sustainable modes of transportation. As awareness about environmental issues grows, there is a greater demand for eco-friendly options. Buses are seen as a greener alternative to individual cars, as they can transport a larger number of people at once, reducing traffic congestion and carbon emissions. This shift in customer preferences has driven the growth of the Buses market in Argentina.

Trends in the market: One of the key trends in the Buses market in Argentina is the adoption of electric buses. As the government and transportation authorities prioritize sustainability, there has been a push to replace traditional diesel-powered buses with electric ones. Electric buses offer several advantages, including lower operating costs, reduced emissions, and quieter operation. This trend is expected to continue as the technology improves and becomes more affordable. Another trend in the market is the integration of smart features in buses. With advancements in technology, buses are being equipped with features such as GPS tracking, Wi-Fi connectivity, and real-time passenger information systems. These features enhance the overall passenger experience and improve the efficiency of bus operations. As a result, there is a growing demand for buses with these smart features in Argentina.

Local special circumstances: Argentina has a vast geography with long distances between cities and towns. This makes buses a crucial mode of transportation for both intercity and rural areas. The extensive bus network in the country connects various regions and provides an affordable and accessible transportation option for the population. This special circumstance has contributed to the growth of the Buses market in Argentina.

Underlying macroeconomic factors: The Buses market in Argentina is also influenced by underlying macroeconomic factors. The country has been experiencing economic growth, which has led to an increase in disposable income and improved living standards. As a result, more people are able to afford private vehicles, leading to an increase in demand for public transportation, including buses. Additionally, government initiatives and investments in infrastructure development have further supported the growth of the Buses market in Argentina. In conclusion, the Buses market in Argentina is developing due to a shift in customer preferences towards more sustainable transportation options, such as buses. The adoption of electric buses and the integration of smart features are key trends in the market. The extensive bus network and underlying macroeconomic factors, such as economic growth and government initiatives, have also contributed to the development of the market.

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.