Bus Tickets - Czechia | Statista Market Forecast

Czechia is expected to witness a significant growth in the Bus Tickets market, with revenue projected to reach US$94.75m by 2024.
The market is expected to grow at a CAGR of 1.46% between 2024 and 2029, resulting in a projected market volume of US$101.90m by 2029.
The number of users is expected to increase to 1.10m users by 2029, with a user penetration rate of 9.8% in 2024 and 10.5% by 2029.
The average revenue per user (ARPU) is projected to be US$92.38.
Czechia's Bus Tickets market will witness 88% of its total revenue being generated through online sales by 2029.
Comparing globally, China is expected to generate the most revenue in this market, with revenue projected to reach US$5bn in 2024.
Czechia's bus market is shifting towards electric and clean fuel alternatives to combat pollution and meet EU emissions regulations.

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 Czechia has been experiencing significant growth in recent years.

Customer preferences: Customer preferences in the Buses market in Czechia have been shifting towards more environmentally friendly and fuel-efficient vehicles. This is in line with the global trend of increasing awareness and concern for the environment. Customers are also looking for buses that offer comfort, safety, and advanced features.

Trends in the market: One of the key trends in the Buses market in Czechia is the growing demand for electric buses. The government has been actively promoting the use of electric vehicles, including buses, through various incentives and subsidies. This has led to an increase in the number of electric buses on the roads of Czechia. Additionally, the development of charging infrastructure has also contributed to the growth of the electric bus market. Another trend in the market is the rise of autonomous buses. Czechia has been at the forefront of autonomous vehicle technology, and several companies have been testing autonomous buses in the country. The potential benefits of autonomous buses, such as improved efficiency and reduced accidents, are driving the demand for these vehicles.

Local special circumstances: One of the unique characteristics of the Buses market in Czechia is the strong presence of domestic bus manufacturers. Czechia has a long history of bus manufacturing, and several local companies have established themselves as key players in the market. This has created a competitive environment and has led to the development of high-quality buses that cater to the specific needs of Czech customers.

Underlying macroeconomic factors: The growth of the Buses market in Czechia can be attributed to several underlying macroeconomic factors. The country has experienced stable economic growth in recent years, which has increased the purchasing power of consumers. Additionally, the government's focus on improving public transportation infrastructure has also contributed to the growth of the market. In conclusion, the Buses market in Czechia is witnessing significant growth due to changing customer preferences, including a shift towards electric and autonomous buses. The presence of domestic bus manufacturers and favorable macroeconomic factors have also contributed to the market's development.

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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