Bus Tickets - Qatar | Statista Market Forecast

By 2024, the Bus Tickets market in Qatar is anticipated to generate a revenue of US$12.48m .
Furthermore, it is projected to demonstrate an annual growth rate (CAGR 2024-2029) of 3.13%, leading to a market volume of US$14.56m by 2029.
In terms of the number of users, the Bus Tickets market is expected to reach 186.70k users by 2029.
By 2024, the user penetration rate is predicted to be 6.1%, which is projected to increase to 6.6% by 2029.
The average revenue per user (ARPU) is expected to be US$74.94 .
It is anticipated that online sales will account for 79% of the total revenue in the Bus Tickets market by 2029.
When compared globally, China is expected to generate the highest revenue of US$5bn in 2024.
Qatar is investing heavily in electric buses to reduce emissions and improve public transportation infrastructure.

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 Qatar has been experiencing significant growth in recent years.

Customer preferences: Qatari customers have shown a strong preference for buses that are fuel-efficient and environmentally friendly. This is in line with the global trend towards sustainable transportation solutions. In addition, customers in Qatar also value buses that offer a comfortable and safe travel experience. As a result, there has been a growing demand for buses with modern amenities such as air conditioning, comfortable seating, and advanced safety features.

Trends in the market: One of the key trends in the Buses market in Qatar is the increasing adoption of electric buses. The Qatari government has been actively promoting the use of electric vehicles as part of its efforts to reduce carbon emissions and improve air quality. This has led to a growing number of bus operators and transport companies investing in electric buses. The availability of government incentives and subsidies has also played a role in driving the adoption of electric buses in the country. Another trend in the market is the growing popularity of luxury buses. Qatar is known for its high-income population and luxury lifestyle, and this is reflected in the demand for luxury buses. These buses are equipped with premium features such as leather seats, entertainment systems, and onboard Wi-Fi. Luxury buses are particularly popular among tourists and high-end corporate clients who value comfort and convenience.

Local special circumstances: Qatar hosting the FIFA World Cup in 2022 has led to a surge in infrastructure development and construction projects. This has created a need for reliable and efficient transportation solutions, including buses. The government has been investing heavily in the expansion and improvement of the public transportation network, which includes the procurement of new buses. This has created significant opportunities for bus manufacturers and suppliers in the country.

Underlying macroeconomic factors: The growth of the Buses market in Qatar can be attributed to several underlying macroeconomic factors. Qatar has a strong and stable economy, driven by its vast reserves of natural gas. The country has a high per capita income and a growing population, which has led to an increase in the demand for public transportation services. In addition, the government has been implementing policies to diversify the economy and reduce dependence on oil and gas. This has resulted in increased investment in sectors such as tourism, hospitality, and transportation, which has further boosted the demand for buses in the country. In conclusion, the Buses market in Qatar is experiencing significant growth due to customer preferences for fuel-efficient and comfortable buses, the increasing adoption of electric buses, the demand for luxury buses, the infrastructure development for the FIFA World Cup, and the underlying macroeconomic factors such as a strong and stable economy and population growth.

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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