Bus Tickets - Kazakhstan | Statista Market Forecast

By 2024, the revenue in the Bus Tickets market in Kazakhstan is projected to reach US$28.42m.
Furthermore, it is expected that the revenue will increase at an annual growth rate (CAGR 2024-2029) of 4.01%, leading to a projected market volume of US$34.59m by 2029.
In Kazakhstan's Bus Tickets market, the projected number of users by 2029 is anticipated to be 872.60k users.
The user penetration rate is estimated to be 3.8% in 2024 and is expected to rise to 4.2% by 2029.
Moreover, the average revenue per user (ARPU) is expected to be US$37.69.
Additionally, in the Bus Tickets market, it is predicted that 67% of the total revenue will be generated through online sales by 2029.
It is worth noting that in comparison to other countries, the majority of revenue in the Bus Tickets market will be generated in China, with an expected revenue of US$5bn in 2024.
Kazakhstan's bus market is experiencing growth due to increased demand for public transportation in urban areas.

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 Kazakhstan is experiencing significant growth and development due to several key factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the current state and future prospects of the industry. Customer preferences in the Buses market in Kazakhstan are driving the demand for more modern and technologically advanced vehicles. Customers are increasingly looking for buses that offer comfort, safety, and fuel efficiency. They also prioritize buses with advanced features such as air conditioning, entertainment systems, and Wi-Fi connectivity. This shift in customer preferences is pushing manufacturers to innovate and develop buses that meet these demands. Trends in the market further contribute to the development of the Buses market in Kazakhstan. One notable trend is the increasing demand for electric buses. As environmental concerns grow and governments implement stricter regulations on emissions, there is a rising interest in electric vehicles, including buses. This trend is driven by the need for sustainable transportation solutions and the desire to reduce carbon footprints. Electric buses offer lower operating costs and reduced emissions, making them an attractive option for both public and private transportation providers. Another trend in the Buses market in Kazakhstan is the growing popularity of mini-buses. These smaller buses are more flexible and maneuverable, making them ideal for navigating the country's urban areas with narrow streets and congested traffic. Mini-buses also offer cost advantages, as they require less fuel and have lower maintenance costs compared to larger buses. The demand for mini-buses is expected to continue growing as urbanization and population density increase in Kazakhstan. Local special circumstances also play a role in the development of the Buses market in Kazakhstan. The country's vast territory and diverse landscape require buses that can withstand challenging road conditions. Manufacturers are adapting their products to meet these requirements, such as developing buses with enhanced suspension systems and durable chassis. Additionally, the government's focus on improving public transportation infrastructure and services creates opportunities for bus manufacturers and operators. Underlying macroeconomic factors also contribute to the growth of the Buses market in Kazakhstan. The country's stable economic growth and increasing disposable income levels have led to higher demand for transportation services. This includes both public transportation and private bus ownership. As the economy continues to expand, the demand for buses is expected to rise, driven by increased mobility and urbanization. In conclusion, the Buses market in Kazakhstan is developing and growing due to customer preferences for modern and technologically advanced buses, trends such as the demand for electric and mini-buses, local special circumstances that require buses suited for challenging road conditions, and underlying macroeconomic factors including stable economic growth and increasing disposable income levels. These factors create opportunities for manufacturers and operators in the Buses market in Kazakhstan to meet the growing demand for transportation services.

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.