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Global Online Bus Ticketing Service Market Growth, 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; 2024-2032
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 2024 and 2032, 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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 (2018-2023)
8.3 Global Online Bus Ticketing Service Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Desktop
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Business Travel
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Online Bus Ticketing Service Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
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 (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
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 2032
2. Global Online Bus Ticketing Service Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Online Bus Ticketing Service Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Online Bus Ticketing Service Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Online Bus Ticketing Service Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Online Bus Ticketing Service Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Online Bus Ticketing Service Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Online Bus Ticketing Service Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Online Bus Ticketing Service Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024 and 2032.
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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