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Global Online Bus Ticketing Service Market Share, Size, Growth, Analysis, Forecast: By Type: Mobile Application, Desktop; By Application: Tourism Travel, Business Travel, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Online Bus Ticketing Service Market Outlook

The global online bus ticketing service market is expected to grow at a CAGR of 25.90% between 2023 and 2028, driven by the changing shift from offline to online ticketing services due to high efficiency and reliability. 

 

Key Trends in the Market

Online bus ticketing service is defined as a web-based service which enables travellers to check availability of bus tickets, buy ticket of the bus of their choice, and pay for it, all via online modes. This process is convenient and is gaining traction among the urban population having a knowledge of technical gadgets and online facilities.  

 

  • The global online bus ticketing service market growth is being propelled by the increasing digitalisation across the emerging and developed economies, leading to a heightened infiltration of tech-friendly tourists.
  • Familiarity of mobile and desktop-based applications, owing to the increasing adoption of smart gadgets and availability of high-speed internet, is further fuelling the online bus ticketing service market.
  • Online bus ticketing services are easily accessible, offer greater transparency, provide enhanced customer service in different languages, offers discount codes, and some even provide suggestions for tourism and accommodation. Online bus ticketing services save significant amounts of time as compared to offline ticketing process. Hence, the increasing awareness about this advantage is a major trend providing impetus to the market.

 

Market Analysis

Based on type, the market can be segmented into mobile application and desktop. On the basis of application, the market can be classified into tourism travel, and business travel, among others. The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global online bus ticketing service market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Busbud Inc.
  • MakeMy Trip Pvt. Ltd.
  • BusOnlineTicket Pte Ltd
  • GotoBus.com
  • Wanderu Inc.
  • BuuPass
  • Flix SE
  • Others

 

Market Share by Type

The mobile application segment, based on type, holds a significant share in the online bus ticketing service market. Travel agencies are continuously focussing on mobile applications owing to the increasing adoption of smartphones and tablets. Youth and working adults are high consumers of online applications and social media which increases the impact of digital marketing in an extremely effective way. 

 

Mobile applications also offer significant benefits, such as high scalability, analysis of customer behaviour patterns, real-time bus tracking system, and discounts, among others, which are attracting more subscribers every year. Over the forecast period, key players such as BusOnlineTicket Pte Ltd and MakeMyTrip, among others, are gaining popularity among the millennials having a passion for country exploration and recreational activities, leading to a steady growth of the global market for online bus ticketing service.  

 

Market Share by Application

Based on application, the business travel segment is witnessing a steady growth which is being driven by the rising number of corporate travellers due to the increasing trade activities and increase of in-person business meetings. Online bus ticketing services offer great convenience to business travellers as these services are open 24/7 and multiple bus routes and destinations can be easily browsed. Seat choice facility is typically provided by online bus ticketing services which enhances privacy and makes the business travel more comfortable. 

 

Meanwhile, the tourism travel segment is expected to hold a significant share in the online bus ticketing service market in the forecast period. This is due to the ease of booking from any location, increase in tourism, and low cost travel as compared to modes such as trains or flights. 

 

Competitive Landscape

Busbud Inc. is a Canadian travel services provider which was founded in the year 2011. This company is headquartered in Montreal, Canada, and currently operates in around 80 countries and 21,000 cities. Busbud Inc. provides services across 2,300,000 routes. The mission of the company is to provide sustainable and affordable travel solutions to the travellers. 

 

MakeMy Trip Pvt. Ltd. is a travel organiser based in India, founded in the year 2000 with the head office of the company located in Haryana, India. It offers easy and affordable bookings for domestic and international travel. MakeMy Trip Pvt. Ltd. also provides attractive holiday packages for families, hotel reservations, and bus tickets.

 

BusOnlineTicket Pte Ltd is a Singapore-based company that offers an online ticketing platform for booking bus tickets, train tickets, and ferry tickets in Singapore, Malaysia, and Thailand. Established in 2007, BusOnlineTicket or BOT offers fast bookings, loyalty programmes, and great savings to its customers. They currently support over 8,000 routes in Singapore and Malaysia, and are regularly expanding their network. 

 

Other market players include GotoBus.com, Wanderu Inc., BuuPass, and Flix SE, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Mobile Application
  • Desktop
Breakup by Application
  • Tourism Travel
  • Business Travel
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Busbud Inc.
  • MakeMy Trip Pvt. Ltd.
  • BusOnlineTicket Pte Ltd
  • GotoBus.com
  • Wanderu Inc.
  • BuuPass
  • Flix SE
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Online Bus Ticketing Service Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Online Bus Ticketing Service Historical Market (2018-2022) 
    8.3    Global Online Bus Ticketing Service Market Forecast (2023-2028)
    8.4    Global Online Bus Ticketing Service Market by Type
        8.4.1    Mobile Application
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Desktop
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Online Bus Ticketing Service Market by Application
        8.5.1    Tourism Travel
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Business Travel
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Online Bus Ticketing Service Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Online Bus Ticketing Service Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Online Bus Ticketing Service Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Online Bus Ticketing Service Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Online Bus Ticketing Service Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Online Bus Ticketing Service Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Busbud Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    MakeMy Trip Pvt. Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BusOnlineTicket Pte Ltd
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    GotoBus.com
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Wanderu Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    BuuPass
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Flix SE
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Online Bus Ticketing Service Market: Key Industry Highlights, 2018 and 2028
2.    Global Online Bus Ticketing Service Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Online Bus Ticketing Service Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Online Bus Ticketing Service Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Online Bus Ticketing Service Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Online Bus Ticketing Service Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Online Bus Ticketing Service Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Online Bus Ticketing Service Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 25.90% in the forecast period of between 2023 and 2028.

The rapid digitalisation across emerging economies leading to a greater adoption of smart devices, rising number of business and recreational tourists, and increasing awareness about the advantages offered by online bus ticketing services, are the major market drivers of the market.

The key trends in the online bus ticketing service market include the increasing availability of high-speed internet across urban and semi-urban areas and advancements in online bus booking websites leading to the incorporation of better features.

Mobile application and desktop are the different types of online bus ticketing services.

Business travel and tourist travel are the different segments of the market based on application.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the regional markets for online bus ticketing service.

A number of mobile and desktop applications by various providers are used for online bus ticketing services.

Depending upon the specific service provider, registration may or may not be required, however, most service providers do offer online bus ticketing services without registration, while registration provides additional benefits such as extra discounts.

Online bus ticketing service is considered to be a better and more popular option which is gaining traction among the young population due to its convenience and the various discount offers.

Busbud Inc., MakeMy Trip Pvt. Ltd., BusOnlineTicket Pte Ltd, GotoBus.com, Wanderu Inc., BuuPass, and Flix SE, among others, are the key market players, according to the report.

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