Bus Tickets - Pakistan | Statista Market Forecast

In Pakistan, the Bus Tickets market is expected to generate a revenue of US$66.32m by 2024.
With an annual growth rate (CAGR 2024-2029) of 5.52%, the revenue is projected to reach US$86.74m by 2029.
The number of users in this market is expected to increase to 6.16m users by 2029.
The user penetration rate is projected to rise from 1.8% in 2024 to 2.3% by 2029.
The average revenue per user (ARPU) is expected to be US$14.81.
By 2029, online sales are projected to account for 31% of the total revenue in the Bus Tickets market.
When compared globally, China is expected to generate the most revenue, with a projected revenue of US$5bn in 2024.
Pakistan's bus market is dominated by local manufacturers such as Hino Pakistan and Daewoo Pakistan, with a focus on affordable, durable and comfortable vehicles for intercity travel.

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 Pakistan has been experiencing significant growth in recent years. Customer preferences have shifted towards more fuel-efficient and environmentally-friendly buses, leading to an increased demand for hybrid and electric buses. Additionally, there has been a growing emphasis on safety features and technological advancements in the buses market. Local special circumstances in Pakistan, such as the need for improved public transportation infrastructure and the government's focus on reducing pollution, have also contributed to the development of the market. Customer preferences in the Buses market in Pakistan have evolved in response to global trends. There is a growing demand for fuel-efficient buses as customers become more conscious of the environmental impact of transportation. Hybrid and electric buses are gaining popularity due to their lower emissions and reduced fuel consumption. Customers are also placing a greater emphasis on safety features in buses, such as advanced braking systems and driver assistance technologies. Additionally, there is a demand for buses with improved comfort and amenities, as customers seek a more enjoyable and convenient travel experience. Trends in the Buses market in Pakistan are driven by local factors as well. The government has recognized the need to improve public transportation infrastructure in the country, particularly in urban areas. This has resulted in increased investment in bus rapid transit (BRT) systems and the expansion of public bus networks. As a result, there is a growing demand for buses to support these infrastructure developments. Local special circumstances in Pakistan also play a role in the development of the Buses market. The country faces significant air pollution challenges, particularly in urban areas. The government has implemented measures to reduce pollution, including promoting the use of electric vehicles. This has led to an increased demand for electric buses as a more environmentally-friendly alternative to traditional diesel buses. Additionally, Pakistan has a large population, and there is a need for efficient and affordable transportation options to meet the growing demand. Underlying macroeconomic factors have also contributed to the development of the Buses market in Pakistan. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has resulted in a higher demand for transportation services, including buses. Additionally, government initiatives and incentives to promote the use of public transportation have further boosted the demand for buses. In conclusion, the Buses market in Pakistan is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards more fuel-efficient and environmentally-friendly buses, along with the emphasis on safety features and technological advancements, has driven the growth of the market. The need for improved public transportation infrastructure and the government's focus on reducing pollution have also contributed to the development of the market.

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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