Bus Tickets - Chad | Statista Market Forecast

The Bus Tickets market in Chad is expected to see a substantial increase in revenue, with a projection of US$485.00k by 2024.
This growth is expected to continue with an annual growth rate of 1.94% (CAGR 2024-2029), resulting in a projected market volume of US$533.80k by 2029.
Additionally, the number of users in the Bus Tickets market is expected to reach 160.00k users by 2029, with a user penetration rate of 0.7% for both 2024 and 2029.
The average revenue per user (ARPU) is projected to be US$3.87.
In terms of revenue generation, it is expected that 30% of the total revenue in the Bus Tickets market will be generated through online sales by 2029.
It is noteworthy that in global comparison, the majority of revenue (US$5bn in 2024) will be generated in China.
The bus market in Chad is dominated by imported vehicles, with a growing demand for more fuel-efficient and eco-friendly 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 Chad has been experiencing steady growth in recent years, driven by a combination of customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Chad have played a significant role in driving the growth of the Buses market. As the country continues to urbanize and develop its infrastructure, there is a growing demand for reliable and efficient public transportation. Buses provide a cost-effective and convenient mode of transportation for both urban and rural areas, making them a popular choice among customers. Trends in the market have also contributed to the growth of the Buses market in Chad. One notable trend is the increasing focus on environmental sustainability. As awareness of climate change and environmental issues grows, there is a greater demand for eco-friendly transportation options. Buses, particularly those powered by alternative fuels or equipped with hybrid technology, are seen as a more sustainable alternative to traditional gasoline or diesel-powered vehicles. This trend has led to an increased demand for environmentally-friendly buses in Chad. Local special circumstances in Chad have also influenced the development of the Buses market. The country's vast size and relatively low population density make buses an ideal mode of transportation for long-distance travel. Additionally, Chad's challenging terrain, including desert regions and unpaved roads, requires buses with robust and durable designs. This has created a niche market for specialized buses that can withstand the country's unique conditions. Underlying macroeconomic factors have further contributed to the growth of the Buses market in Chad. The country's economic development and increasing disposable income levels have resulted in a growing middle class, which is driving the demand for personal transportation. Additionally, government initiatives to improve public transportation infrastructure and services have created opportunities for bus manufacturers and operators. In conclusion, the Buses market in Chad is developing due to customer preferences for reliable and efficient public transportation, trends towards environmental sustainability, local special circumstances such as challenging terrain, and underlying macroeconomic factors including economic development and government initiatives. As these factors continue to drive the growth of the market, it is expected that the Buses market in Chad will continue to expand in the coming years.

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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