Bus Tickets - Greece | Statista Market Forecast

Greece is expected to see a significant increase in revenue for the Bus Tickets market, with a projected amount of US$102.90m in 2024.
This market is expected to show an annual growth rate (CAGR 2024-2029) of 2.11%, resulting in a projected market volume of US$114.20m by 2029.
The number of users in this market is also expected to rise, with a projected amount of 2.06m users by 2029.
User penetration for the Bus Tickets market in Greece is projected to be 19.2% in 2024 and 20.4% by 2029.
The average revenue per user (ARPU) is expected to be US$51.98.
Furthermore, it is projected that 41% of total revenue will be generated through online sales by 2029.
It is worth noting that in global comparison, the highest revenue for the Bus Tickets market is expected to be generated in China, with a projected amount of US$5bn in 2024.
Greek bus companies are investing in eco-friendly buses to reduce pollution and improve the country's air quality.

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 Greece has been experiencing significant growth in recent years.

Customer preferences: Customers in Greece have shown a strong preference for buses as a mode of transportation. This is due to several factors, including the affordability and convenience of bus travel compared to other modes of transportation. Buses offer a cost-effective way for individuals and families to travel within the country, and they are also popular among tourists who want to explore different regions of Greece. In addition, buses provide a comfortable and reliable option for commuting to work or school.

Trends in the market: One of the key trends in the Buses market in Greece is the increasing demand for eco-friendly buses. As sustainability becomes a more important consideration for consumers worldwide, Greece is no exception. The government has implemented initiatives to promote the use of electric and hybrid buses, which are more environmentally friendly and produce lower emissions compared to traditional diesel buses. This trend is expected to continue as the country strives to reduce its carbon footprint and improve air quality. Another trend in the market is the modernization of bus fleets. Many bus companies in Greece are investing in newer and more technologically advanced buses to enhance the overall travel experience for passengers. These buses often come equipped with amenities such as Wi-Fi, USB charging ports, and comfortable seating, making them more appealing to customers. Additionally, the introduction of GPS tracking systems and real-time information updates has improved the efficiency and reliability of bus services, further attracting customers.

Local special circumstances: Greece is known for its rich history and diverse landscapes, which makes it a popular tourist destination. The country's bus market benefits from this influx of tourists, as many visitors choose to explore different regions by bus. The scenic routes and flexibility of bus travel allow tourists to experience the beauty of Greece at their own pace. Additionally, the government has implemented measures to improve the infrastructure and accessibility of bus services in popular tourist areas, further boosting the market.

Underlying macroeconomic factors: The growth in the Buses market in Greece can be attributed to several macroeconomic factors. The country has experienced a steady increase in tourism in recent years, which has contributed to the demand for bus services. Additionally, the government's focus on improving transportation infrastructure, including roads and highways, has made bus travel more convenient and accessible for both locals and tourists. Furthermore, the relatively low cost of bus travel compared to other modes of transportation makes it an attractive option for budget-conscious individuals and families. In conclusion, the Buses market in Greece is experiencing growth due to customer preferences for affordable and convenient transportation options. The increasing demand for eco-friendly and modern buses, along with the country's focus on improving infrastructure, are driving this trend. Additionally, the influx of tourists and the government's initiatives to promote bus travel contribute 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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