Bus Tickets - Uruguay | Statista Market Forecast

Uruguay is projected to reach a revenue of US$20.54m in 2024 in the Bus Tickets market.
The revenue is anticipated to grow annually at a rate of 3.00% from 2024 to 2029, resulting in a projected market volume of US$23.81m by 2029.
By 2029, the expected number of users in the Bus Tickets market is 364.70k users.
The user penetration rate is estimated to be 9.3% in 2024 and 10.7% by 2029.
The average revenue per user (ARPU) is projected to be US$64.48.
By 2029, the online sales in the Bus Tickets market are expected to generate 81% of the total revenue.
It is noteworthy that in 2024, the highest revenue in the Bus Tickets market is expected to be generated in China, with a projected amount of US$5bn.
Uruguay's bus market is witnessing a shift towards electric buses, driven by the country's focus on sustainable transportation solutions.

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 Uruguay has been experiencing steady growth in recent years, driven by customer preferences for reliable and efficient transportation options. With a growing population and increasing urbanization, there is a greater demand for public transportation, leading to a rise in the number of buses on the roads. Customer preferences in the Buses market in Uruguay are largely influenced by the need for affordable and convenient transportation. Buses are a cost-effective mode of transport, offering a cheaper alternative to owning a car or taking taxis. Additionally, buses provide a convenient way for people to commute to work or travel within the city, especially in areas with limited parking spaces. As a result, there is a strong demand for buses that are reliable, comfortable, and equipped with modern amenities such as air conditioning and Wi-Fi. Trends in the Buses market in Uruguay indicate a shift towards more sustainable and eco-friendly transportation options. As concerns about climate change and air pollution continue to grow, there is a greater emphasis on reducing carbon emissions and promoting greener modes of transport. This has led to an increased adoption of electric and hybrid buses in Uruguay, as they offer a cleaner and more environmentally friendly alternative to traditional diesel-powered buses. Furthermore, the government has been actively promoting the use of renewable energy sources, which has further incentivized the adoption of electric buses. Local special circumstances in Uruguay have also contributed to the development of the Buses market. The country has a well-developed public transportation system, with buses playing a key role in providing mobility to the population. The government has implemented various initiatives to improve the quality and efficiency of public transport, including the introduction of dedicated bus lanes and the integration of different modes of transport. These efforts have not only improved the overall transportation experience for passengers but have also created a favorable environment for bus manufacturers and operators. Underlying macroeconomic factors have also played a significant role in the growth of the Buses market in Uruguay. The country has experienced stable economic growth in recent years, which has increased disposable income levels and led to a higher demand for transportation services. Additionally, favorable government policies and incentives have encouraged investment in the transportation sector, attracting both domestic and foreign players. These factors have contributed to the expansion of the Buses market in Uruguay and are expected to continue driving its growth in the future.

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.