Bus Tickets - Iraq | Statista Market Forecast

Iraq is projected to see a significant increase in revenue for the Bus Tickets market, with a projected amount of US$53.88m in 2024.
This revenue is predicted to continue to grow annually at a rate of 3.05%, resulting in a projected market volume of US$62.62m by 2029.
By that same year, the number of users in Iraq's Bus Tickets market is expected to reach 1.42m users.
In terms of user penetration, it is projected to be 2.5% in 2024 and 2.7% by 2029.
The average revenue per user (ARPU) for Iraq's Bus Tickets market is expected to be US$45.97.
Furthermore, it is predicted that 57% of the total revenue generated in the Bus Tickets market will be through online sales 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 amount of US$5bn in 2024.
Despite challenges such as poor infrastructure, Iraq's bus market is growing as the government invests in public transportation.

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 Iraq has been experiencing significant growth in recent years, driven by several key factors. Customer preferences for reliable and affordable transportation options, combined with local special circumstances and underlying macroeconomic factors, have contributed to the development of the market. Customer preferences in the Buses market in Iraq are largely driven by the need for reliable and affordable transportation. As the country continues to rebuild and develop its infrastructure, there is a growing demand for efficient public transportation options. Buses provide a cost-effective solution for both urban and rural areas, allowing people to commute to work, school, and other destinations. Additionally, buses offer a more comfortable and convenient mode of transportation compared to other options such as taxis or private cars. Trends in the Buses market in Iraq reflect the increasing demand for public transportation. The government has been investing in the expansion and modernization of bus fleets, with a focus on improving the quality and efficiency of services. This includes the introduction of new buses with advanced features such as air conditioning, wheelchair accessibility, and real-time tracking systems. These enhancements aim to attract more passengers and provide a better overall experience. Local special circumstances also play a role in the development of the Buses market in Iraq. The country's population is growing, and urbanization is increasing, leading to higher demand for public transportation. Additionally, Iraq has a young population, with a significant portion of the population under the age of 30. This demographic group is more likely to rely on public transportation and is driving the demand for buses. Underlying macroeconomic factors further support the growth of the Buses market in Iraq. The country's economy has been recovering from years of conflict and instability, leading to increased consumer spending power. As people have more disposable income, they are more likely to use public transportation and invest in their own vehicles. This has created a favorable market environment for the Buses industry, with both public and private sector investments driving growth. In conclusion, the Buses market in Iraq is developing due to customer preferences for reliable and affordable transportation, local special circumstances such as population growth and urbanization, and underlying macroeconomic factors including economic recovery and increased consumer spending power. These factors have created a favorable market environment, leading to the expansion and modernization of bus fleets 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.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.