Global Online Bus Ticketing Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Online Bus Ticketing Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Booking of bus tickets through online portals or platforms, including mobile apps and websites, has been considered in the scope of this report. Online travel retailers operating through different business models including OTAs, DTOs, MTRs, and TMs are considered as the market vendors or market participants.

Market Overview:

The latest research study on the global Online Bus Ticketing Service market finds that the global Online Bus Ticketing Service market reached a value of USD 10944.26 million in 2022. It’s expected that the market will achieve USD 27556.18 million by 2028, exhibiting a CAGR of 16.64% during the forecast period.

Fragmented market

The intercity bus market is a very fragmented market because there are many bus routes between cities and many are operated by different bus companies. This has caused some difficulties for consumers to book air tickets and has also led to the decentralization of online booking software. This is not conducive to the rapid development of the market, but with the merger and acquisition of enterprises, the market may be more concentrated.

Increased labor costs

With the aging of the population worldwide, the rise in labor costs has become a global problem. Public transport operators have been trying to replace paper tickets with electronic media, thereby reducing the number of cashiers and reducing management costs. And using online booking instead of traditional manual cash register can also reduce fare processing time, improve passenger throughput, and reduce the probability of errors.

Advances in Innovation and Technology for Online Bus Ticketing Service

While the industry is developing, service providers of online bus ticketing services need to continuously improve their products and services and expand their business. Allows users to make bookings faster and more convenient. At the same time, we should also pay attention to marketing, and appropriately have some preferential activities to attract consumers.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

FlixBus is one of the major players operating in the Online Bus Ticketing Service market, holding a share of 6.01% in 2023.

FlixBus

Flixbus is a German brand that provides intercity bus services in Europe and the United States.

Megabus

megabus.com is the market-leading budget intercity coach operator in the UK and North America. It is part of Stagecoach Group, the international transport group, which offers greener smarter travel at great value prices.

Segmentation Overview:

By type, App Ordering segment accounted for the largest share of market in 2022.

Application Overview:

In the Online Bus Ticketing Service market, 69.98% of the total value was generated through the Tourism segment by application in 2022.

Key Companies in the global Online Bus Ticketing Service market covered in Chapter 3:

Busbud
BusOnlineTicket
Buspapa
Megabus
Redbus
Bus Steward
FlixBus
Omio (GoEuro)
GotoBus

In Chapter 4 and Chapter 14.2, on the basis of types, the Online Bus Ticketing Service market from 2018 to 2029 is primarily split into:

App Ordering
Web Ordering

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Online Bus Ticketing Service market from 2018 to 2029 covers:

Tourism
Business
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)