Bus Tickets - Romania | Statista Market Forecast

Romania is expected to see a significant increase in revenue within the Bus Tickets market, with a projected amount of US$78.01m by 2024.
This revenue is then predicted to grow annually at a rate of 3.57%, resulting in a projected market volume of US$92.97m by 2029.
Furthermore, it is expected that the number of users within this market will amount to 1.74m users by 2029, with a user penetration rate of 8.0% in 2024 and 9.1% by 2029.
The average revenue per user (ARPU) is forecasted to be around US$49.96.
It is projected that 76% of the total revenue generated within the Bus Tickets market in Romania will come from online sales by 2029.
It is worth noting that in global comparison, China is set to generate the most revenue within this market, with a projected amount of US$5bn in 2024.
Romania's bus market is seeing increased demand for eco-friendly and fuel-efficient models, driven by government incentives and environmental concerns.

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 Romania has been experiencing significant growth in recent years. Customer preferences have shifted towards more environmentally friendly and fuel-efficient buses, leading to an increased demand for electric and hybrid buses. Additionally, the government's focus on improving public transportation infrastructure has also contributed to the growth of the market.

Customer preferences: Customers in Romania are increasingly looking for buses that are not only comfortable and reliable but also environmentally friendly. This shift in preference is driven by growing concerns about climate change and the need to reduce carbon emissions. As a result, there has been a rising demand for electric and hybrid buses in the country. These buses offer lower emissions and reduced fuel consumption, making them a popular choice among environmentally conscious customers.

Trends in the market: One of the key trends in the Buses market in Romania is the increasing adoption of electric and hybrid buses. The government has been actively promoting the use of electric vehicles, including buses, through various incentives and subsidies. This has encouraged bus operators to invest in electric and hybrid buses, leading to a significant increase in their sales. Furthermore, advancements in battery technology have made electric buses more practical and cost-effective, further driving their adoption in the market. Another trend in the market is the growing focus on improving the quality and efficiency of public transportation. The government has been investing in the development of new bus routes and the modernization of existing infrastructure. This has created opportunities for bus manufacturers and operators to expand their operations and cater to the increasing demand for public transportation services. Additionally, the government's efforts to reduce traffic congestion and promote sustainable mobility have also contributed to the growth of the market.

Local special circumstances: Romania has a relatively low car ownership rate compared to other European countries, which has led to a high reliance on public transportation. This has created a favorable environment for the growth of the Buses market. Furthermore, the country's geographical characteristics, such as its mountainous terrain, make buses an essential mode of transportation for many residents.

Underlying macroeconomic factors: The growth of the Buses market in Romania is also influenced by various macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and improved living standards. This has resulted in higher demand for public transportation services, driving the growth of the Buses market. Additionally, the government's focus on infrastructure development and sustainable mobility has created a favorable business environment for bus manufacturers and operators. In conclusion, the Buses market in Romania is witnessing significant growth due to customer preferences for environmentally friendly buses, the government's focus on improving public transportation infrastructure, and favorable macroeconomic factors. The increasing adoption of electric and hybrid buses and the government's efforts to improve the quality and efficiency of public transportation are driving the growth of the market. Additionally, local special circumstances, such as the country's low car ownership rate and geographical characteristics, further contribute to the demand for buses.

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.