Bus Tickets - Israel | Statista Market Forecast

By 2024, the projected revenue in Israel's Bus Tickets market is expected to reach US$75.27m.
It is estimated that the revenue will grow annually by 6.30%, resulting in a projected market volume of US$102.10m by 2029.
The number of users is also expected to increase to 899.60k users in the same year.
In 2024, the user penetration in this market is projected to be 7.1% and 9.0% by 2029.
The average revenue per user (ARPU) is expected to be US$113.40.
In Israel's Bus Tickets market, it is projected that 70% of the total revenue will be generated through online sales by 2029.
When compared globally, it is interesting to note that China is expected to generate the most revenue in this market, with a projected revenue of US$5bn in 2024.
Israel's bus market is shifting towards electric and hybrid buses, with the government setting a goal of having all public transportation run on alternative fuels by 2025.

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 Israel has been experiencing significant growth in recent years. Customer preferences have shifted towards more environmentally friendly and sustainable modes of transportation, leading to an increased demand for electric and hybrid buses. Additionally, the government has implemented policies and incentives to promote the adoption of electric buses, further driving the market growth.

Customer preferences: Customers in Israel are increasingly concerned about the environmental impact of transportation and are seeking greener alternatives. As a result, there has been a growing demand for electric and hybrid buses. These vehicles offer lower emissions and reduced fuel consumption compared to traditional diesel buses, making them more appealing to environmentally conscious customers. In addition, electric buses are quieter and provide a smoother ride, enhancing the overall passenger experience.

Trends in the market: One of the key trends in the Buses market in Israel is the shift towards electric and hybrid buses. The government has implemented various initiatives to encourage the adoption of electric buses, including financial incentives and subsidies for purchasing and operating these vehicles. This has led to an increase in the number of electric buses on the roads, with many public transportation companies and municipalities investing in this technology. Additionally, there has been a rise in the number of charging infrastructure installations to support the growing fleet of electric buses.

Local special circumstances: Israel has a strong focus on developing and promoting clean energy technologies. The country has made significant investments in renewable energy, particularly in solar power. This commitment to sustainability extends to the transportation sector, with the government actively promoting the use of electric vehicles, including buses. The country's small size and relatively short travel distances make it well-suited for electric buses, as they have sufficient range for most routes. Furthermore, Israel has a well-developed charging infrastructure network, which supports the widespread adoption of electric buses.

Underlying macroeconomic factors: The growth of the Buses market in Israel can be attributed to several underlying macroeconomic factors. The government's commitment to sustainability and reducing greenhouse gas emissions has created a favorable environment for the adoption of electric and hybrid buses. Additionally, the availability of financial incentives and subsidies has made it more affordable for public transportation companies and municipalities to invest in these vehicles. The growing awareness and concern about climate change among the general population have also contributed to the increased demand for greener transportation options. Overall, the combination of customer preferences, government support, and favorable macroeconomic factors has fueled the growth of the Buses market in Israel.

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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