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.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
The Buses market in Nepal has been experiencing significant growth in recent years, driven by a number of factors. Customer preferences, local special circumstances, and underlying macroeconomic factors all contribute to the development of the market. Customer preferences play a crucial role in shaping the Buses market in Nepal. With the increasing urbanization and population growth in the country, there is a growing demand for reliable and efficient public transportation systems. Buses are seen as a cost-effective and convenient mode of transportation for both short and long distances. Additionally, customers are becoming more environmentally conscious and are opting for buses as a greener alternative to private vehicles. Trends in the market indicate a shift towards more modern and technologically advanced buses. Customers are increasingly looking for buses that offer comfort, safety, and amenities such as air conditioning, Wi-Fi, and USB charging ports. This trend is driven by the rising disposable income and changing lifestyles of the Nepalese population. As a result, bus manufacturers are focusing on developing buses that meet these evolving customer preferences. Local special circumstances also contribute to the development of the Buses market in Nepal. The country's challenging terrain, with its steep and narrow roads, requires buses that are specially designed to navigate these conditions. Manufacturers are adapting their products to meet these unique requirements, such as designing buses with smaller dimensions and better maneuverability. Additionally, the government of Nepal has been investing in infrastructure development, including the construction of new roads and highways, which further boosts the demand for buses. Underlying macroeconomic factors also play a significant role in the development of the Buses market in Nepal. The country has been experiencing steady economic growth, which has led to an increase in disposable income and improved living standards. This, in turn, has contributed to the growing demand for transportation services, including buses. Furthermore, government initiatives to promote public transportation and reduce traffic congestion have also stimulated the market. In conclusion, the Buses market in Nepal is developing due to customer preferences, local special circumstances, and underlying macroeconomic factors. The increasing demand for reliable and efficient public transportation, the shift towards more modern buses, the challenging terrain, and the government's infrastructure development efforts are all driving the growth of the market. As the country continues to experience economic growth and urbanization, the Buses market in Nepal is expected to further expand in the coming years.
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Jan 2025
Source: Statista Market Insights
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