Bus Tickets - Bahrain | Statista Market Forecast

In Bahrain, the Bus Tickets market is expected to witness a significant growth in revenue, with projections indicating a surge to US$6.47m by 2024.
Moreover, the market is expected to grow at an annual growth rate (CAGR 2024-2029) of 2.78%, resulting in a projected market volume of US$7.42m by 2029.
The Bus Tickets market is expected to witness an increase in the number of users to 121.20k users by 2029, with user penetration projected to reach 7.2% in 2024 and 7.8% by 2029.
The average revenue per user (ARPU) is expected to reach US$59.64.
Additionally, it is projected that 74% of total revenue generated by the Bus Tickets market will be through online sales by 2029.
It is noteworthy that in global comparison, China is expected to generate the most revenue, with projections indicating US$5bn in 2024.
Bahrain's bus market is experiencing a shift towards eco-friendly options, with the government investing in electric buses to reduce emissions.

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 Bahrain is experiencing significant growth and development in recent years.

Customer preferences: Customers in Bahrain have shown a strong preference for buses as a mode of transportation. This is due to several factors, including the affordability and convenience of bus travel. Buses provide a cost-effective alternative to private cars and taxis, especially for daily commuting. Additionally, buses are seen as a more sustainable and environmentally-friendly option compared to private vehicles, which aligns with the growing global concern for climate change and pollution.

Trends in the market: One of the key trends in the Buses market in Bahrain is the increasing demand for electric buses. As the government and society as a whole become more environmentally conscious, there is a growing push for cleaner and greener modes of transportation. Electric buses offer a sustainable solution by reducing carbon emissions and improving air quality. This trend is also supported by government initiatives and incentives, such as subsidies and tax breaks, which encourage the adoption of electric buses. Another trend in the market is the integration of technology in buses. Bus operators are incorporating advanced features and amenities to enhance the passenger experience. This includes the installation of Wi-Fi connectivity, USB charging ports, and entertainment systems on board. These technological advancements not only improve the comfort and convenience for passengers but also attract more people to choose buses as their preferred mode of transportation.

Local special circumstances: Bahrain has a well-developed public transportation system, with buses playing a crucial role in connecting different parts of the country. The government has made significant investments in improving the infrastructure and services of the bus network. This includes the expansion of bus routes, the introduction of new bus terminals, and the implementation of real-time tracking systems. These efforts are aimed at providing a reliable and efficient public transportation system that meets the needs of the growing population.

Underlying macroeconomic factors: The growth and development of the Buses market in Bahrain can be attributed to several macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, which has led to an increase in disposable income and improved standards of living. This has resulted in a higher demand for transportation services, including buses. Secondly, Bahrain is a popular tourist destination, attracting visitors from around the world. The tourism industry contributes significantly to the demand for buses, as tourists rely on public transportation to explore the country. The government has recognized the importance of tourism and has implemented policies to promote the sector, which further drives the growth of the Buses market. In conclusion, the Buses market in Bahrain is experiencing growth and development due to customer preferences for affordable and sustainable transportation, the increasing demand for electric buses, the integration of technology in buses, the well-developed public transportation system, and the underlying macroeconomic factors such as economic growth and the tourism industry.

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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