Bus Tickets - Madagascar | Statista Market Forecast

Madagascar is expected to see a revenue of US$179.30k in 2024 in the Bus Tickets market.
This market is projected to have an annual growth rate (CAGR 2024-2029) of 5.40%, resulting in a market volume of US$233.30k by 2029.
The number of users in the Bus Tickets market is expected to reach 157.60k users by 2029.
User penetration is projected to be 0.4% in 2024 and 0.5% by 2029.
The average revenue per user (ARPU) is expected to be US$1.52.
By 2029, 31% of the total revenue generated in the Bus Tickets market will come from online sales.
It is worth noting that in global comparison, China is expected to generate the most revenue, with a projected revenue of US$5bn in 2024.
Madagascar's bus market is dominated by small, privately-owned operators, resulting in a fragmented and unregulated industry.

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 Madagascar 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 these vehicles. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in the Buses market in Madagascar have evolved over time. Customers are now looking for buses that provide a higher level of comfort and convenience. This includes features such as air conditioning, comfortable seating, and entertainment systems. As a result, there has been a growing demand for modern buses that can cater to these preferences. In addition to customer preferences, there are several trends that have contributed to the growth of the Buses market in Madagascar. One trend is the increasing urbanization in the country. As more people move to urban areas, there is a greater need for public transportation, including buses. This has led to an increase in the number of buses being purchased and used in urban areas. Another trend is the government's focus on improving public transportation infrastructure. The government has recognized the importance of a well-developed transportation system in supporting economic growth and improving the quality of life for its citizens. As a result, there have been investments in the construction of new roads and the expansion of existing ones, making it easier for buses to operate and reach more areas. Local special circumstances in Madagascar have also played a role in the development of the Buses market. The country has a large rural population, and buses are often the primary mode of transportation for people living in these areas. This has created a demand for buses that can navigate rough terrain and provide reliable transportation services to rural communities. Underlying macroeconomic factors have also influenced the Buses market in Madagascar. The country has experienced steady economic growth in recent years, which has resulted in an increase in disposable income. This has allowed more people to afford private transportation, including buses. Additionally, the government has implemented policies to support the growth of the transportation sector, such as providing subsidies for the purchase of buses. In conclusion, the Buses market in Madagascar has experienced growth due to changing customer preferences, trends in urbanization and government investment in transportation infrastructure. The market is expected to continue developing as the country's economy grows and more people seek modern and comfortable transportation options.

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.