Bus Tickets - Eastern Asia | Statista Market Forecast

In Eastern Asia, the Bus Tickets market is expected to generate a revenue of US$6.02bn in 2024.
The revenue is projected to have an annual growth rate (CAGR 2024-2029) of 3.43%, which will result in a market volume of US$7.13bn by 2029.
It is expected that the number of users in this market will reach 156.40m users by 2029, and user penetration is projected to be 8.8% in 2024 and 9.6% by 2029.
The average revenue per user (ARPU) is expected to be US$41.79.
By 2029, it is predicted that 59% of the total revenue in the Bus Tickets market will be generated through online sales.
Among the countries in Eastern Asia, China is expected to generate the most revenue, with US$5bn in 2024.
In Japan, electric buses are gaining popularity due to a strong government push towards reducing emissions.

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 Eastern Asia is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in Eastern Asia are driving the demand for buses. The region has a large population and densely populated cities, leading to a high demand for public transportation. Buses are seen as a cost-effective and efficient mode of transportation, particularly for commuting within cities. Additionally, there is a growing awareness of environmental issues, and buses are considered a more sustainable alternative to private cars. As a result, there is a strong preference for buses among Eastern Asian customers. Trends in the market further support the growth of the Buses market in Eastern Asia. Governments in the region are investing heavily in public transportation infrastructure, including bus networks. This investment is aimed at reducing traffic congestion, improving air quality, and promoting sustainable urban development. As a result, there is an increasing demand for buses to meet the expanding public transportation needs. In addition, technological advancements in the bus industry, such as the development of electric and hybrid buses, are driving the market forward. These buses offer lower emissions and operating costs, making them attractive options for both customers and governments. Local special circumstances also contribute to the growth of the Buses market in Eastern Asia. Many countries in the region have limited space for road expansion, making buses an essential component of the transportation system. Furthermore, Eastern Asian cities often face traffic congestion issues, and buses provide a flexible and efficient solution to this problem. Additionally, there is a strong emphasis on public safety, and buses are considered a safe mode of transportation compared to other options. Underlying macroeconomic factors further support the development of the Buses market in Eastern Asia. The region has experienced rapid economic growth in recent years, leading to an increase in disposable income and urbanization. As a result, more people are able to afford private vehicles, but the preference for buses remains strong due to their affordability and convenience. Moreover, governments in the region are actively promoting public transportation as a means to reduce traffic congestion and improve air quality, providing further support for the Buses market. In conclusion, the Buses market in Eastern Asia is experiencing growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The strong demand for buses, driven by customer preferences for cost-effective and sustainable transportation options, is being supported by government investments in public transportation infrastructure and technological advancements in the bus industry. The limited space for road expansion, traffic congestion issues, and emphasis on public safety in Eastern Asian cities further contribute to the growth of the market. Lastly, the region's rapid economic growth and government initiatives to promote public transportation provide a favorable macroeconomic environment for the Buses market in Eastern Asia.

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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