Long gone: Revenue has declined due to competition from other forms of transport

Revenue for the Long Distance Bus Transport industry has declined marginally over the past five years. The poor performance of regional commuter services has contributed strongly to this decline. The industry has also faced external pressure from growth in urban populations, ongoing penetration from low-cost airlines and pressure on state government budgets. For many operators, the values of contracts awarded and fare revenue have failed to keep pace with inflation, which has negatively affected the industry's performance. In addition, the charter sector has been under pressure, as many ageing owner-operators have withdrawn from the market. Demand has not been sufficient to attract more owner-operators to replace those that have exited...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-0.2%
Forecast Growth 18-23
Profit
Employment
6,292
Businesses
736

Industry Threats & Opportunities

  • The industry is most competitive when operating on routes customised to leisure travellers
  • Leisure-related activity has benefited the industry over the past five years
  • The world price of crude oil is anticipated to rebound, pushing purchase costs higher
  • Industry Report - Industry SWOT Analysis Chapter

    The Long Distance Bus Transport industry is in the decline stage of its life cycle. Over the 10 years through 2022-23, the industry's contribution to the economy (industry value added) is expected to fall by an annualised 0.7%. This represents an underperformance compared with annualised GDP growth of 2.5%. This indicates that the industry is underperforming the overall economy.The number of establishments in the industry is expected to decline at an annualised 1.3% over the five years through 2017-18. Falling demand has led to many smaller operators leaving the industry. Consolidation has increased in the industry, with players merging or acquiring one another to boost market share. For example, the Dyson Group acquired Wangaratta Coachlines in 2014...purchase to read more.

    Additional Insights for the Long Distance Bus Transport Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Long Distance Bus Transport Industry are

  • Experienced work force
  • Superior financial management and debt management
  • Close monitoring of competition
  • IBISWorld analysts also discuss how external factors such as Demand from domestic airlines and Total visitor nights in the Long Distance Bus Transport industry impact industry performance..

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    What's in this report

    What is the Long Distance Bus Transport Industry?

    Firms in the Long Distant Bus Transport industry primarily operate buses that transport passengers over regular routes and on regular schedules, mainly outside metropolitan areas or over long distances.

    Industry Products
  • Interstate services
  • Touring and packaged touring
  • Charter operations
  • Intrastate services
  • Industry Activities
  • Long-distance charter bus service
  • Long-distance passenger transport bus service
  • Long-distance tourist coach service
  • Long-distance express bus service
  • Long-distance bus tour operator
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from domestic airlines
  • Total visitor nights
  • Number of motor vehicles
  • World price of crude oil
  • Level of urbanisation

  • Current Performance
  • Regional commuters
  • Charter services
  • Leisure and tourism
  • Industry participation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition and challenges
  • Tourism and the dollar
  • Table: Long Distance Bus Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Long Distance Bus Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Long Distance Bus Transport
  • Tourism
  • Consumers

  • Key Selling Industries
  • Commercial Vehicle Wholesaling
  • Motor Vehicle Body and Trailer Manufacturing
  • Motor Vehicle Electrical Services
  • Petroleum Product Wholesaling
  • Tyre Retailing

  • Products & Services
  • Intrastate services
  • Touring and packaged touring
  • Charter operations
  • Interstate services
  • Chart: Long Distance Bus Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Tourists
  • Associations, schools and clubs
  • Chart: Major Market Segmentation for the Long Distance Bus Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Long Distance Bus Transport

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Long Distance Bus Transport Industry

  • Industry Globalization
    L. C. Dyson's Bus Services Proprietary Limited, Greyhound Australia Pty Ltd,
  • Table: L. C. Dyson's Bus Services Proprietary Limited - financial performance
  • Table: Greyhound Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Long Distance Bus Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Long Distance Bus Transport Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Interstate Express Services
  • Services that run between capital cities.
  • Intrastate Express Services
  • Services that run within states and between regional centres that are not well covered by public transport.
  • Passenger Kilometres
  • The number of passengers carried multiplied by the distance travelled.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Long Distance Bus Transport market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Long Distance Bus Transport:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Long Distance Bus Transport market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Long Distance Bus Transport, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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