Online Bus Ticketing Service Market Introduction and Overview
According to SPER Market Research, the Global Online Bus Ticketing Service Market is estimated to reach USD 76.46 billion by 2033 with a CAGR of 10.46%.
The report includes an in-depth analysis of the Global Online Bus Ticketing Service Market, including market size and trends, product mix, applications, and supplier analysis. Compared to traditional travel booking methods like calling local travel agencies or purchasing tickets over the counter, online bus ticketing provides a centralized network for the real-time booking, viewing, and cancellation of bus ticket reservations. The Bus Ticketing System makes use of reservation technology to assist clients in passively accepting bookings and making payments online. The development of reservation software to handle every facet of the bus and tourist industry, from marketing to distribution, is a key factor propelling market expansion. Online bus ticketing software offers benefits including better customer experience, less burden, deeper insights about buses and their routes, and the prevention of cancellations and no-shows. The bus owner or driver may track the number of reservations with real-time data.
- November 2019: Wanderu, Inc. and Allianz SE, a German travel insurance provider, teamed to provide clients travel protection plans and emergency travel assistance.
- October 2019: In order to improve its online booking platform, GoEuro Corp (Omio) purchased Rome2rio Pty Ltd, an Australian company. Through the Rome2rio online multimodal transport search engine, which is part of the purchase, Omio is able to offer optimum route and trip planning.
Market Opportunities and Challenges
The main trend influencing market expansion is the significance of bus transportation in terms of offering prospective growth prospects. There is a significant demand from both individual and business clients for both private and public bus service. Technologically aware consumers choose to purchase bus tickets for their leisure or business trips via mobile apps and online portals. Booking bus tickets online is practical and time-saving for people. Corporate offices are collaborating with online bus ticketing service providers to provide their workers bus transportation options in both developed and growing economies.
As a result, these elements will support the participants' substantial development prospects as they enter new and developing markets. One issue that hinders market expansion is the difficulty in growing the company as a result of market fragmentation. The bus tourist sector is incredibly disorganized and fragmented. Because of this, it is challenging for service providers to enter this market. Due to ignorance and dependability concerns, a large number of consumers still do not use online bus ticket booking services to make bus ticket purchases. One of the biggest obstacles facing the vendors in this sector is the lack of familiarity that people in developing nations like India still have with online bus ticketing systems.
Market Competitive Landscape
There are many international, regional, and local competitors fighting for market share in the fiercely competitive online bus ticketing service industry. Important market participants include BAOLAU Pte Ltd., Busbud Inc., Busonlineticket Pte Ltd., Easy Trip planners Ltd., FlixMobility GmbH, Global Charter Services Inc., GotoBus, Make My Trip Ltd., Mantis Technologies Pvt. Ltd., Stelling Technologies Pvt. Ltd.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End User.
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | BAOLAU Pte Ltd., Busbud Inc., Busonlineticket Pte Ltd., Easy Trip planners Ltd., FlixMobility GmbH, Global Charter Services Inc., GotoBus, Make My Trip Ltd., Mantis Technologies Pvt. Ltd., Stelling Technologies Pvt. Ltd.
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COVID-19 Impact on Global Online Bus Ticketing Service Market
Worldwide, people have been forced into house quarantine because of the COVID-19 epidemic. To stop the disease from spreading, governments have banned travel and placed restrictions on mobility. This has surely made people wish to get away from their alone and resume their previous quality of life. Governments also seem to loosen travel restrictions and abolish travel prohibitions as a result of the declining GDP and the disruption of both major and small enterprises. The tourist sector, which was impacted earlier this year by changes in employment and income rates, should anticipate a sharp rise in bus ticket sales at this time as people start traveling again.
Key Target Audience:
- Commuters
- Students
- Tourists and Travelers
- Tech-Savvy Individuals
- Event Attendees
- Senior Citizens
- Families
- Business Travelers
- Rural Residents
Our in-depth analysis of the Online Bus Ticketing Service Market includes the following segments:
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By Type: |
On Premise
Web based/Browser-based
Mobile Application
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By End User: |
Commercial
Individual
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By Region:
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Asia-Pacific
Europe
Middle East & Africa
North America
Latin America
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Key Topics Covered in the Report:
- Global Online Bus Ticketing Service Market Size (FY’2024-FY’2033)
- Overview of Global Online Bus Ticketing Service Market
- Segmentation of Global Online Bus Ticketing Service Market By Type (On Premise, Web based/Browser-based, Mobile Application.)
- Segmentation of Global Online Bus Ticketing Service Market By End User (Commercial, Individual).
- Statistical Snap of Global Online Bus Ticketing Service Market
- Expansion Analysis of Global Online Bus Ticketing Service Market
- Problems and Obstacles in Global Online Bus Ticketing Service Market
- Competitive Landscape in the Global Online Bus Ticketing Service Market
- Impact of COVID-19 and Demonetization on Global Online Bus Ticketing Service Market
- Details on Current Investment in Global Online Bus Ticketing Service Market
- Competitive Analysis of Global Online Bus Ticketing Service Market
- Prominent Players in the Global Online Bus Ticketing Service Market
- SWOT Analysis of Global Online Bus Ticketing Service Market
- Global Online Bus Ticketing Service Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Online Bus Ticketing Service Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Online Bus Ticketing Service Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Online Bus Ticketing Service Market
7. Global Online Bus Ticketing Service Market, By Type (USD Million) 2020-2033
7.1. Global Online Bus Ticketing Service Market Size, Share and Forecast, By Type, 2020-2026
7.2. Global Online Bus Ticketing Service Market Size, Share and Forecast, By Type, 2027-2033
7.3. On Premise
7.4. Web based/Browser-based
7.5. Mobile Application
8. Global Online Bus Ticketing Service Market, By End User (USD Million)2020-2033
8.1. Global Online Bus Ticketing Service Market Size, Share and Forecast, By End User, 2020-2026
8.2. Global Online Bus Ticketing Service Market Size, Share and Forecast, By End User, 2027-2033
8.3. Commercial
8.4. Individual
9. Global Online Bus Ticketing Service Market Forecast, 2020-2033 (USD Million)
9.1. Global Online Bus Ticketing Service Market Size and Market Share
10. Global Online Bus Ticketing Service Market, By Region, 2020-2033 (USD Million)
10.1. Global Online Bus Ticketing Service Market Size and Market Share By Region (2020-2026)
10.2. Global Online Bus Ticketing Service Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle East & Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. BAOLAU Pte Ltd.
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Busbud Inc.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Busonlineticket Pte Ltd.
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Easy Trip Planners Ltd.
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. FlixMobility GmbH
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Global Charter Services Inc.
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. GotoBus
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Make My Trip Ltd.
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Mantis Technologies Pvt. Ltd.
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Stelling Technologies Pvt. Ltd.
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
