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Bus Tickets - Jordan

Jordan

Jordan is projected to witness a significant growth in the Bus Tickets market, with revenue expected to reach €6.45m by 2024.
The projected annual growth rate (CAGR 2024-2029) of 3.03% is expected to result in a market volume of €7.49m by 2029.
By 2029, the number of users in the Bus Tickets market is expected to amount to 242.80k users.
Additionally, user penetration is projected to increase from 1.9% in 2024 to 2.1% by 2029.
The average revenue per user (ARPU) is expected to be €30.08.
By 2029, 65% of total revenue in the Bus Tickets market is expected to be generated through online sales.
It is worth noting that in global comparison, China is anticipated to generate the most revenue in the Bus Tickets market, with a projected revenue of €4,562m in 2024.
Jordan's bus market is experiencing growth due to increasing demand for public transportation, particularly in urban areas.

Key regions: United States, Europe, Malaysia, Germany, Thailand

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Analyst Opinion

The Buses market in Jordan has been experiencing steady growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Buses market in Jordan have been influenced by several factors. One of the key preferences is the demand for comfortable and reliable transportation options. Customers in Jordan value buses that offer a comfortable ride, with features such as spacious seating, air conditioning, and entertainment systems. Additionally, customers also look for buses that are fuel-efficient and environmentally friendly, as sustainability is becoming an important consideration for many consumers. Trends in the Buses market in Jordan are also shaping its development. One significant trend is the increasing adoption of electric buses. As the world moves towards sustainable transportation solutions, Jordan has also been embracing electric buses as a way to reduce carbon emissions and improve air quality. The government has been implementing policies and incentives to encourage the adoption of electric buses, leading to a growing market for these vehicles in Jordan. Another trend in the Buses market in Jordan is the integration of advanced technology. Bus manufacturers are incorporating features such as GPS tracking, Wi-Fi connectivity, and real-time passenger information systems to enhance the overall passenger experience. These technological advancements not only improve the efficiency and reliability of bus services but also attract more customers who value convenience and connectivity. Local special circumstances in Jordan also play a role in the development of the Buses market. The country's population is growing, and urbanization is increasing, leading to higher demand for public transportation. The government of Jordan has recognized this need and has been investing in the expansion and improvement of public transportation infrastructure, including buses. This investment has created opportunities for bus manufacturers and suppliers to cater to the growing demand for buses in the country. Underlying macroeconomic factors also contribute to the development of the Buses market in Jordan. The country's stable economy and favorable business environment attract both domestic and international investors, which in turn drives the growth of the bus manufacturing and supply industry. Additionally, government initiatives and policies aimed at improving public transportation and reducing traffic congestion further support the growth of the Buses market in Jordan. In conclusion, the Buses market in Jordan is developing due to customer preferences for comfortable and reliable transportation options, the adoption of electric buses and integration of advanced technology, local special circumstances such as population growth and urbanization, and underlying macroeconomic factors including a stable economy and government initiatives. These factors collectively contribute to the growth and expansion of the Buses market in Jordan.

Methodology

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.