Bus Tickets - Egypt | Statista Market Forecast

By 2024, it is projected that the Bus Tickets market in Egypt will generate a revenue of US$23.09m, with an expected annual growth rate of 9.59% from 2024 to 2029.
This growth rate is expected to result in a projected market volume of US$36.50m by 2029.
The number of users in this market is also anticipated to increase significantly, reaching 2.47m users by 2029.
Furthermore, the user penetration rate is projected to increase from 1.5% in 2024 to 2.0% by 2029.
The average revenue per user (ARPU) is also expected to be US$13.54.
Moreover, online sales are projected to contribute 57% of the total revenue generated in the Bus Tickets market by 2029.
It is worth noting that in global comparison, China is expected to generate the most revenue in the Bus Tickets market, with a projected revenue of US$5bn by 2024.
Egypt's bus market is seeing a shift towards cleaner fuels, with increased adoption of compressed natural gas (CNG) buses in major cities.

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 Egypt has been experiencing significant growth in recent years. Customer preferences have shifted towards more modern and comfortable buses, leading to an increase in demand for new vehicles. This trend can be attributed to several factors, including changing demographics, urbanization, and government initiatives to improve public transportation infrastructure.

Customer preferences: In Egypt, customer preferences in the Buses market have shifted towards more modern and comfortable vehicles. This is driven by the increasing urbanization and changing demographics of the country. As more people move to cities, there is a greater need for efficient and reliable public transportation options. Additionally, as the middle class continues to grow, there is a higher demand for comfortable and convenient travel experiences.

Trends in the market: One of the key trends in the Buses market in Egypt is the growing demand for electric and hybrid buses. This trend is driven by the government's focus on reducing pollution and promoting sustainable transportation. The Egyptian government has implemented several initiatives to encourage the adoption of electric and hybrid vehicles, including providing subsidies and tax incentives for bus operators. As a result, there has been a significant increase in the number of electric and hybrid buses on the roads in Egypt. Another trend in the market is the increasing use of technology in buses. Bus operators are investing in advanced features such as GPS tracking, Wi-Fi connectivity, and entertainment systems to enhance the passenger experience. These technological advancements not only improve the comfort and convenience of bus travel but also contribute to the overall modernization of the public transportation system in Egypt.

Local special circumstances: Egypt's unique geographical location and historical significance make it an attractive destination for tourists. As a result, the tourism industry plays a significant role in the demand for buses in the country. Tour operators require a large number of buses to transport tourists to various tourist attractions, leading to a steady demand for new buses.

Underlying macroeconomic factors: The Buses market in Egypt is also influenced by underlying macroeconomic factors. The country's economic growth and stability have a direct impact on consumer spending and business investment. As the economy continues to grow, there is an increased demand for public transportation services, including buses. Additionally, government initiatives to improve public transportation infrastructure, such as the construction of new roads and bus terminals, further contribute to the growth of the Buses market in Egypt. In conclusion, the Buses market in Egypt is experiencing significant growth due to changing customer preferences, including the demand for modern and comfortable buses. The increasing urbanization, changing demographics, and government initiatives to improve public transportation infrastructure are driving this trend. Additionally, the growing adoption of electric and hybrid buses and the use of technology in buses are shaping the market. The unique circumstances of Egypt, including its tourism industry and underlying macroeconomic factors, also contribute to the growth of the Buses market in the country.

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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