Buses - Australia | Statista Market Forecast

The Buses market in Australia is projected to reach a unit sales of 99.86k vehicles by 2024.
This market is expected to exhibit a compound annual rate of 0.55% (CAGR 2024-2030), resulting in a projected market volume of 103.20k vehicles by 2030.
The production of Buses market in Australia is forecasted to reach 1.90k vehicles units by 2030, which highlights the potential for growth in this market.
From an international perspective, it is evident that the majority of sales, specifically 537.50k vehicles units, will be the China in 2024.
The demand for electric buses in Australia is on the rise due to the country's commitment to reducing carbon emissions.

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 Australia has been experiencing significant growth in recent years. Customer preferences in the Australian Buses market have been shifting towards more environmentally friendly options.

With increasing concerns about climate change and air pollution, customers are showing a strong preference for buses that run on alternative fuels such as electricity or natural gas. This trend is driven by a desire to reduce carbon emissions and promote sustainable transportation solutions. Additionally, customers are also looking for buses that offer improved fuel efficiency and lower operating costs.

Another customer preference in the Australian Buses market is for buses that provide a comfortable and enjoyable travel experience. This includes features such as spacious seating, air conditioning, and entertainment systems. Customers are increasingly looking for buses that offer a high level of comfort and convenience, particularly for long-distance journeys.

Trends in the Australian Buses market include the adoption of advanced technologies and the integration of smart features. Bus manufacturers are incorporating technologies such as GPS tracking, onboard Wi-Fi, and real-time passenger information systems to enhance the overall travel experience. These technologies not only improve the efficiency of bus operations but also provide customers with real-time updates and a more convenient travel experience.

Another trend in the Australian Buses market is the growing demand for electric buses. With the government's focus on reducing carbon emissions and promoting sustainable transportation, there has been a significant increase in the adoption of electric buses. Electric buses offer several advantages, including lower operating costs, reduced noise pollution, and zero tailpipe emissions.

As a result, many bus operators in Australia are transitioning to electric buses to meet the growing demand for sustainable transportation options. Local special circumstances in the Australian Buses market include the vast geography of the country and the high demand for public transportation in urban areas. Australia is a large country with vast distances between cities and towns.

This creates a need for buses that are capable of long-distance travel and can withstand varying road conditions. Additionally, in urban areas, there is a high demand for public transportation due to population density and congestion. This has led to an increased focus on improving the efficiency and reliability of bus services in these areas.

Underlying macroeconomic factors driving the growth of the Australian Buses market include population growth, urbanization, and government initiatives. Australia's population is growing steadily, particularly in urban areas, which increases the demand for public transportation. Urbanization also leads to increased congestion and the need for efficient and reliable bus services.

Additionally, the Australian government has implemented various initiatives to promote sustainable transportation, including subsidies and incentives for the adoption of electric buses. These factors contribute to the overall growth and development of the Buses market in Australia.

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.