Bus Tickets - Zimbabwe | Statista Market Forecast

In Zimbabwe, the Bus Tickets market is predicted to achieve a revenue of US$686.10k by the year 2024.
It is expected to display an annual growth rate (CAGR 2024-2029) of 26.28%, which will lead to an estimated market volume of US$2.20m by 2029.
Additionally, it is projected that the number of users in this market will be 467.30k users by 2029.
The user penetration rate is forecasted to rise from 1.3% in 2024 to 2.5% by 2029.
The average revenue per user (ARPU) is anticipated to be US$3.12.
By the year 2029, it is estimated that 32% of the total revenue in the Bus Tickets market will be generated through online sales.
It is noteworthy that in comparison with other countries, China is expected to generate the most revenue in this market, amounting to US$5bn in 2024.
Zimbabwe's bus market is dominated by Japanese brands such as Hino and Isuzu, which offer reliable and efficient vehicles for both public transport and private use.

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 Zimbabwe has been experiencing significant growth in recent years, driven by several key factors.

Customer preferences: Customers in Zimbabwe have shown a growing preference for buses as a mode of transportation. This is due to the affordability and convenience that buses offer, particularly for long-distance travel. Buses provide a cost-effective alternative to private cars and are often more reliable than trains. Additionally, buses offer a greater level of comfort and amenities compared to other forms of public transportation, making them an attractive option for many Zimbabweans.

Trends in the market: One of the key trends in the Buses market in Zimbabwe is the increasing demand for luxury buses. As the economy continues to improve, there is a growing middle class that is willing to pay for a higher level of comfort and luxury when traveling. This has led to the introduction of luxury bus services that offer amenities such as Wi-Fi, air conditioning, and comfortable seating. These luxury buses cater to a niche market segment that is willing to pay a premium for a more enjoyable travel experience. Another trend in the market is the adoption of eco-friendly buses. With growing concerns about the environment, there is a push for more sustainable transportation options. This has led to the introduction of electric and hybrid buses in Zimbabwe. These buses not only reduce carbon emissions but also offer cost savings in terms of fuel consumption. The government has also been supportive of this trend, providing incentives for operators to invest in eco-friendly buses.

Local special circumstances: Zimbabwe has a large rural population, and buses play a crucial role in connecting these rural areas to urban centers. Buses are often the only mode of transportation available for people living in remote areas, making them an essential service. As a result, there is a constant demand for buses to serve these rural communities. Additionally, the tourism industry in Zimbabwe is growing, and buses play a vital role in transporting tourists to various destinations across the country. This has created a niche market for tour buses that cater specifically to the needs of tourists. These buses often offer guided tours and have amenities such as audio guides and comfortable seating.

Underlying macroeconomic factors: The Buses market in Zimbabwe is influenced by several macroeconomic factors. The country has been experiencing economic growth in recent years, which has led to an increase in disposable income. This has resulted in higher consumer spending on transportation, including buses. Furthermore, the government has implemented policies to improve the transportation infrastructure in the country. This includes the construction of new roads and the rehabilitation of existing ones. These infrastructure improvements have made it easier for buses to operate and have also increased the demand for bus services. In conclusion, the Buses market in Zimbabwe is developing due to customer preferences for affordability and convenience, the trend towards luxury and eco-friendly buses, the special circumstances of rural connectivity and tourism, and the underlying macroeconomic factors of economic growth and infrastructure improvements.

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.