Bus Tickets - Denmark | Statista Market Forecast

Denmark is expected to see a revenue of US$57.89m in the Bus Tickets market by 2024.
The revenue is anticipated to grow annually at a rate of 1.96% between 2024 and 2029, resulting in a projected market volume of US$63.78m by 2029.
Furthermore, the number of users is expected to increase to 635.10k users by 2029.
The user penetration rate is projected to be 9.9% in 2024 and 10.4% by 2029.
The average revenue per user (ARPU) is expected to be US$98.80.
It is projected that 75% of the total revenue in the Bus Tickets market will be generated through online sales by 2029.
It is worth noting that China is expected to generate the most revenue globally in the Bus Tickets market, with a projected revenue of US$5bn in 2024.
Denmark's bus market is transitioning towards more eco-friendly options, with an increasing number of electric and hybrid buses being introduced.

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 Denmark has experienced significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development. Customer preferences in the Buses market have shifted towards more sustainable and environmentally friendly options. As concerns about climate change and air pollution increase, there is a growing demand for buses that run on alternative fuels such as electricity or hydrogen. This shift in customer preferences has led to an increase in the production and sale of electric and hydrogen-powered buses in Denmark. Trends in the market also play a role in the development of the Buses market in Denmark. One of the key trends is the increasing focus on public transportation and the promotion of bus usage as a sustainable mode of transport. The government has implemented policies and initiatives to encourage the use of buses, such as improving bus infrastructure and expanding bus routes. This has resulted in higher demand for buses and has driven the growth of the market. Local special circumstances in Denmark have also contributed to the development of the Buses market. Denmark is known for its strong commitment to sustainability and green initiatives. The government has set ambitious targets for reducing greenhouse gas emissions and transitioning to renewable energy sources. This has created a favorable environment for the adoption of electric and hydrogen-powered buses, as they align with the country's sustainability goals. Underlying macroeconomic factors have also played a role in the growth of the Buses market in Denmark. The country has a stable economy with a high level of disposable income. This enables individuals and businesses to invest in buses and other forms of public transportation. Additionally, Denmark has a well-developed public transportation system, which further supports the demand for buses. In conclusion, the Buses market in Denmark is developing due to shifting customer preferences towards sustainable options, trends in the market promoting public transportation, local special circumstances that prioritize sustainability, and underlying macroeconomic factors that support investment in buses. This growth is expected to continue as Denmark continues to prioritize sustainability and invest in public transportation infrastructure.

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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