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Flights - Kazakhstan

Kazakhstan

It is anticipated that the Flights market in Kazakhstan will attain a revenue of US$530.60m by 2024.
Moreover, the market is expected to exhibit an annual growth rate (CAGR 2024-2028) of 2.13%, resulting in an estimated market volume of US$577.30m by 2028.
As for the number of users, it is predicted to reach 2.58m users in the same year.
The user penetration in the market is also expected to increase from 11.8% in 2024 to 12.4% by 2028.
The average revenue per user (ARPU) is projected to be US$227.00.
Additionally, it is expected that 87% of the total revenue in the Flights market will be generated through online sales by 2028.
Lastly, in a global comparison, China is expected to generate the highest revenue with US$136bn in 2024.
Kazakhstan's domestic flight industry is expanding rapidly with new routes and increased competition among carriers.

Key regions: Germany, China, Saudi Arabia, Malaysia, Thailand

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Analyst Opinion

The Flights market in Kazakhstan is experiencing significant growth and development in recent years.

Customer preferences: Kazakhstan, being a vast country with diverse landscapes and attractions, has become an increasingly popular travel destination. As a result, there has been a growing demand for flights to and from Kazakhstan. Travelers are seeking convenient and efficient flight options that offer competitive prices and a wide range of destinations. With the rise of low-cost carriers and the expansion of international airlines, customers now have more choices and flexibility when it comes to booking flights.

Trends in the market: One of the key trends in the Flights market in Kazakhstan is the increasing number of international flights. As the country continues to develop and strengthen its economic ties with other nations, there has been a surge in business and leisure travel. This has led to airlines adding more international routes and increasing the frequency of flights to popular destinations. Additionally, the growth of the middle-class population in Kazakhstan has also contributed to the rise in domestic travel, leading to an increase in domestic flights within the country. Another trend in the market is the adoption of new technologies and digital platforms for flight bookings. Online travel agencies and airline websites have become the preferred method for customers to search, compare, and book flights. The convenience and transparency offered by these platforms have made them increasingly popular among travelers. Furthermore, the use of mobile applications for flight bookings has also gained traction, allowing customers to easily access flight information and make bookings on the go.

Local special circumstances: Kazakhstan's geographical location and its status as a transit hub between Europe and Asia have played a significant role in shaping the Flights market. The country's strategic position has attracted airlines to establish connections and expand their operations in Kazakhstan. The government has also taken steps to promote the country's aviation industry by investing in infrastructure development and implementing favorable policies. This has facilitated the growth of both domestic and international flights in Kazakhstan.

Underlying macroeconomic factors: The development of the Flights market in Kazakhstan is closely tied to the country's overall economic growth. As the economy continues to expand, more people have the means to travel, leading to an increase in demand for flights. Additionally, Kazakhstan's efforts to diversify its economy and promote tourism have also contributed to the growth of the Flights market. The government's focus on attracting foreign investment and improving the business environment has resulted in increased business travel, further driving the demand for flights. In conclusion, the Flights market in Kazakhstan is witnessing significant growth and development due to customer preferences for convenient and competitive flight options, the increasing number of international flights, the adoption of new technologies for flight bookings, Kazakhstan's strategic location as a transit hub, and the country's overall economic growth and efforts to promote tourism. These factors have created a favorable environment for the Flights market to thrive and attract both domestic and international travelers.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of flights.

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.