Bus Tickets - Canada | Statista Market Forecast

The Bus Tickets market in Canada is expected to see a rise in revenue from US$325.10m in 2024.
It is projected that the revenue will grow annually at a rate of 1.93%, resulting in a market volume of US$357.60m by 2029.
Furthermore, it is expected that the number of users in this market will reach 3.87m users by 2029.
The user penetration rate is projected to decrease from 8.9% in 2024 to 9.5% by 2029.
The average revenue per user (ARPU) is expected to be US$92.91.
By 2029, it is estimated that 69% of the total revenue in this market will come from online sales.
In contrast, the largest share of revenue in the Bus Tickets market will be generated in China, reaching US$5bn in 2024.
Canada's bus market is seeing a shift towards electric and hybrid models as the government pushes for more sustainable transportation options.

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 Canada is experiencing steady growth due to several factors.

Customer preferences: Customers in Canada are increasingly opting for buses as a mode of transportation due to their cost-effectiveness, environmental friendliness, and convenience. Buses offer an affordable alternative to private cars and are often more convenient than trains or airplanes for short to medium-distance travel within the country. Additionally, the growing awareness of environmental issues has led to a shift in customer preferences towards more sustainable modes of transportation, with buses being a popular choice.

Trends in the market: One of the key trends in the Canadian Buses market is the increasing demand for electric buses. As the country aims to reduce its carbon footprint and transition to a greener economy, there has been a significant push towards electrification in the transportation sector. Electric buses not only help reduce greenhouse gas emissions but also offer lower operating costs compared to traditional diesel buses. This trend is expected to continue in the coming years, with government incentives and regulations further driving the adoption of electric buses. Another trend in the market is the integration of advanced technologies in buses. Canadian customers are increasingly looking for buses equipped with features such as Wi-Fi connectivity, USB charging ports, and advanced safety systems. These technological advancements enhance the overall passenger experience and make bus travel more comfortable and convenient. Bus manufacturers are responding to this demand by incorporating these features in their new models, thereby driving the growth of the market.

Local special circumstances: Canada's vast geography and dispersed population present unique challenges and opportunities for the Buses market. The country's extensive road network, particularly in rural and remote areas, makes buses a crucial mode of transportation for connecting communities. In these regions, buses serve as a lifeline for residents, providing access to essential services, education, and employment opportunities. As a result, there is a strong demand for buses in these areas, driving the growth of the market.

Underlying macroeconomic factors: The overall growth of the Canadian economy plays a significant role in the development of the Buses market. A strong economy leads to increased consumer spending power, which in turn drives demand for transportation services, including buses. Additionally, government investments in infrastructure development, such as the expansion of public transit systems, also contribute to the growth of the market. These investments create opportunities for bus manufacturers and operators, leading to increased sales and utilization of buses. In conclusion, the Buses market in Canada is witnessing steady growth driven by customer preferences for cost-effective and environmentally friendly transportation options. The increasing demand for electric buses and the integration of advanced technologies are key trends in the market. Canada's unique geographic characteristics and dispersed population also contribute to the growth of the market. Finally, underlying macroeconomic factors, such as a strong economy and government investments in infrastructure, further support the development of the Buses market in Canada.

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.