Buses - Angola | Statista Market Forecast

In 2024, the projected unit sales in the Buses market in Angola are expected to reach 23.00vehicles.
It is anticipated that the market will experience a compound annual growth rate (CAGR 2024-2030) of -2.30%, resulting in a projected market volume of 20.00vehicles by 2030.
This growth in unit sales showcases the potential for the Buses market in Angola.
Looking at the international perspective, it is evident that the majority of sales, specifically 537.50k vehicles, will be the China in 2024.
Angola's bus market is experiencing a surge in demand due to infrastructure development and increasing urbanization.

Definition

Buses & Coaches is a specialized market within the broader Commercial Vehicles market, focusing exclusively on vehicles used for the transportation of passengers both in urban and intercity settings. This market includes a wide range of vehicles, each tailored to specific passenger transportation needs, including public transit, school transportation, tourism, and long-distance travel. The gross vehicle weight rating (GVWR) of MHBCs typically exceeds 3.5 tons.

Buses and coaches are specifically engineered for transporting large groups of people, typically along established routes or for long-distance travel. These vehicles come in various sizes and configurations, including city buses, intercity coaches, minibuses, and luxury touring coaches. This market considers both the production and sales of buses used for public transportation, operated by government bodies or private enterprises, as well as private coaches employed for purposes like tourism, corporate transportation, and other specialized services.

Additional Information

Key players in the commercial Buses & Coaches market include established manufacturers such as Volvo Buses, Daimler Buses, and Scania, along with regional and specialized companies that cater to specific markets. These manufacturers play a crucial role in shaping the future of public transportation by introducing innovative technologies and eco-friendly solutions in their commercial vehicles.

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Tourist coaches
School buses
Public transit buses
Intercity or long-distance coaches

Watercraft, aircraft, and railway vehicles
Passenger cars
Off-road and specialized vehicles
Motorcycles and scooters
Light commercial vehicles (LCVs)
Commercial trucks
Consumer and recreational vehicles
Agricultural and construction equipment

The Buses market in Angola is experiencing significant growth and development due to various factors. Customer preferences in the Buses market in Angola are influenced by several factors.

One of the key preferences is for buses that are durable and can withstand the challenging road conditions in the country. Angola has a vast and diverse terrain, with many unpaved roads and rough terrains. As a result, customers in Angola prioritize buses that are built to withstand these conditions and have a strong chassis and suspension system.

Additionally, customers in Angola also prefer buses that are spacious and comfortable, as many people rely on buses for long-distance travel. The market trends in the Buses market in Angola are driven by both global and local factors. Globally, there is a growing demand for electric and hybrid buses due to increasing concerns about environmental sustainability.

This trend is also seen in Angola, where there is a growing interest in electric and hybrid buses as the government seeks to reduce carbon emissions and promote clean transportation. Another trend in the market is the integration of advanced technologies in buses, such as GPS navigation systems and Wi-Fi connectivity, to enhance passenger experience and improve operational efficiency. Local special circumstances in Angola also influence the development of the Buses market.

Angola is a country with a large rural population, and many people rely on buses as their primary mode of transportation. This creates a significant demand for buses, both for intercity travel and for transportation within rural areas. Additionally, the government of Angola has implemented initiatives to improve public transportation infrastructure, such as the construction of new bus terminals and the expansion of bus routes.

These efforts are aimed at improving accessibility and connectivity for the population, further driving the demand for buses in the market. Underlying macroeconomic factors also play a role in the development of the Buses market in Angola. The country has experienced steady economic growth in recent years, driven by an increase in oil production and diversification efforts.

This has resulted in an expanding middle class and increased disposable income, which in turn leads to higher demand for transportation services, including buses. Additionally, the government has implemented policies to support the development of the automotive industry, including the reduction of import tariffs on buses and the promotion of local manufacturing. These factors contribute to the growth of the Buses market in Angola.

Overall, the Buses market in Angola is experiencing growth and development due to customer preferences for durable and comfortable buses, global trends towards electric and technologically advanced buses, local special circumstances such as the reliance on buses for transportation, and underlying macroeconomic factors such as economic growth and government support for the automotive industry.

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of buses.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. 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, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The public transportation network in the United Kingdom comprises a series of heavy rail, light rail, and bus services that connects millions every day. For instance, National Rail reported more than 1.3 billion passenger journeys per year in the fiscal year 2022/23. On the financial side, public sector spending on transport amounted to roughly 26 billion British pounds in 2022/23 for railways, around 60 percent of total public expenditure on transport. By comparison, the overall share of transport public expenditure on local public transit was 10 percent that same year, at around 4.3 billion pounds. In 2022, the average weekly household spent on transport services was 12.8 British pounds, with people aged 30 to 49 year-old spending the most.