Bus Tickets - Cameroon | Statista Market Forecast

Cameroon is projected to generate a revenue of US$3.41m in 2024 in the Bus Tickets market.
The revenue is expected to grow annually at a rate of 4.00% between 2024 and 2029, resulting in a projected market volume of US$4.15m by 2029.
Additionally, the number of users in this market is expected to reach 418.80k users by 2029.
In 2024, user penetration is projected to be 1.1% and is expected to decline to 1.3% by 2029.
The average revenue per user (ARPU) is expected to be US$10.37.
By 2029, 47% of the total revenue in this market is projected to be generated through online sales.
It is worth noting that China is expected to generate the highest revenue in the Bus Tickets market, with a projected revenue of US$5bn in 2024, in comparison to in Cameroon.
Cameroon's bus market is experiencing growth due to increased urbanization, but poor road infrastructure remains a challenge.

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 Cameroon is experiencing steady growth and development. Customer preferences in the Buses market in Cameroon are influenced by several factors. Firstly, customers in Cameroon prioritize affordability and value for money. As a developing country, many individuals and organizations have limited budgets and are looking for cost-effective transportation solutions. Secondly, customers also consider the durability and reliability of buses. Given the challenging road conditions in some parts of the country, customers prefer buses that can withstand rough terrains and require minimal maintenance. Additionally, customers in Cameroon value comfort and safety features in buses, such as spacious seating arrangements and advanced safety systems. Several trends can be observed in the Buses market in Cameroon. Firstly, there is an increasing demand for buses in the public transportation sector. As the population grows and urbanization continues, there is a need for efficient and reliable public transportation systems. This has led to the expansion and modernization of bus fleets in major cities across the country. Secondly, there is a growing trend towards the adoption of electric buses in Cameroon. With a focus on sustainability and reducing carbon emissions, the government and private operators are increasingly investing in electric buses. This trend is in line with global efforts to transition to greener transportation options. Local special circumstances in Cameroon also impact the Buses market. One significant factor is the poor state of some roads and infrastructure in certain regions. This poses challenges for bus operators, as they need to ensure that their vehicles are suitable for these conditions. Additionally, the geography and climate of Cameroon can also influence the demand for buses. For example, in rural areas with difficult terrains, there is a need for buses that are specifically designed for off-road use. Furthermore, the presence of a large informal transportation sector, such as minibuses and shared taxis, also affects the demand for buses. Underlying macroeconomic factors play a role in the development of the Buses market in Cameroon. Economic growth and stability contribute to increased consumer purchasing power and business investments, which can drive the demand for buses. Government policies and regulations also play a significant role in shaping the market. For instance, incentives and subsidies for electric buses can encourage their adoption. Additionally, political stability and a favorable business environment can attract foreign investments in the Buses market. In conclusion, the Buses market in Cameroon is experiencing growth and development driven by customer preferences for affordability, durability, and comfort. The increasing demand for buses in the public transportation sector and the adoption of electric buses are notable trends in the market. Local special circumstances, such as poor infrastructure and the presence of an informal transportation sector, as well as underlying macroeconomic factors, including economic growth and government policies, also influence 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.