Bus Tickets - Norway | Statista Market Forecast

Norway's Bus Tickets market is expected to generate a revenue of US$85.18m in 2024.
This market is projected to exhibit a CAGR of 2.59% between 2024 and 2029, and as a result, the market volume is anticipated to reach US$96.81m by 2029.
The number of users in this market is expected to increase to 925.80k users by 2029.
The user penetration rate is projected to be 15.3% in 2024 and 16.2% by 2029.
The average revenue per user (ARPU) is estimated to be US$101.20.
By 2029, online sales are projected to account for 85% of the total revenue generated in the Bus Tickets market.
In terms of revenue, China is expected to generate the most revenue globally, with US$5bn in 2024.
Norway's strong focus on sustainability is driving the demand for electric buses in the country.

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 Norway is experiencing steady growth due to several factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Customers in Norway are increasingly looking for environmentally-friendly and sustainable transportation options. This has led to a growing demand for buses that run on alternative fuels such as electricity or biofuels. Additionally, customers are also prioritizing comfort and safety features when choosing buses, leading to an increased demand for modern and well-equipped vehicles.

Trends in the market: One of the key trends in the Buses market in Norway is the shift towards electric buses. The country has set ambitious goals to reduce greenhouse gas emissions, and the transportation sector plays a significant role in achieving these targets. As a result, there has been a strong push towards electrification of public transportation, including buses. This trend is supported by government initiatives, subsidies, and incentives, which have made electric buses more affordable and attractive for both operators and customers. Another trend in the market is the increasing adoption of autonomous buses. Norway has been at the forefront of autonomous vehicle testing and deployment, and several pilot projects have been launched to test the feasibility and safety of autonomous buses in various cities. This trend is driven by the potential for increased efficiency, reduced congestion, and improved safety in public transportation.

Local special circumstances: Norway's geography and population density also contribute to the development of the Buses market. The country has a long coastline and many fjords, which pose challenges for road transportation. Buses are often the most practical and cost-effective mode of transportation in these areas, leading to a higher demand for bus services. Furthermore, Norway has a well-developed public transportation system, with extensive bus networks connecting cities, towns, and rural areas. This provides a strong foundation for the growth of the Buses market, as there is already an existing infrastructure and demand for bus services.

Underlying macroeconomic factors: Norway has a strong economy with high disposable incomes, which enables individuals and businesses to invest in transportation services. The government also plays a significant role in supporting the Buses market through subsidies, tax incentives, and regulations that promote sustainable and efficient public transportation. Additionally, the tourism industry in Norway is booming, with an increasing number of visitors exploring the country's natural beauty and cultural attractions. This has led to a higher demand for bus services to cater to tourists, further driving the growth of the Buses market. In conclusion, the Buses market in Norway is developing due to customer preferences for environmentally-friendly and comfortable transportation options, market trends towards electric and autonomous buses, local special circumstances such as geography and existing infrastructure, and underlying macroeconomic factors including a strong economy and growing tourism industry.

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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