Buses - Bahrain | Statista Market Forecast

The Buses market in Bahrain is forecasted to achieve unit sales of 265.00vehicles by 2024.
a compound annual rate of 2.54% (CAGR 2024-2030) is expected, leading to a projected market volume of 308.00vehicles by 2030.
This indicates the potential for significant growth in the Buses market.
Interestingly, the China is poised to dominate international sales with 537.50k vehicles units in 2024.
The demand for electric buses is on the rise in Bahrain as the government aims to reduce 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 Bahrain has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Buses market in Bahrain have been shifting towards more environmentally friendly and fuel-efficient vehicles.

With increasing concerns about climate change and the need to reduce carbon emissions, customers are opting for buses that are equipped with advanced technologies such as hybrid or electric engines. These vehicles not only help to reduce greenhouse gas emissions but also offer cost savings in terms of fuel consumption. In addition to environmental considerations, customers in Bahrain are also prioritizing safety and comfort features in their bus purchases.

They are looking for buses that are equipped with advanced safety systems, comfortable seating arrangements, and entertainment options to enhance the overall passenger experience. Trends in the Buses market in Bahrain are also influenced by global and regional market dynamics. For example, the increasing urbanization and population growth in Bahrain have led to a higher demand for public transportation, including buses.

This trend is driven by the need to provide efficient and reliable transportation options for the growing population, as well as to reduce traffic congestion and promote sustainable mobility solutions. Another trend in the Buses market in Bahrain is the integration of smart technologies. Bus manufacturers are incorporating advanced features such as GPS tracking, real-time passenger information systems, and contactless payment options to improve the efficiency and convenience of bus services.

These technologies not only enhance the overall passenger experience but also help bus operators optimize their operations and improve route planning. Local special circumstances in Bahrain, such as government initiatives and regulations, also play a significant role in shaping the Buses market. The government of Bahrain has implemented various policies to promote the use of public transportation and reduce private vehicle ownership.

These include the development of integrated transport networks, investment in infrastructure, and the introduction of subsidies for public transportation operators. Such initiatives create a favorable environment for the growth of the Buses market in Bahrain. Underlying macroeconomic factors, such as economic growth and infrastructure development, also contribute to the expansion of the Buses market in Bahrain.

As the economy grows and more infrastructure projects are undertaken, there is an increased demand for buses to cater to the transportation needs of workers and residents. Furthermore, the government's focus on diversifying the economy and reducing dependence on oil revenues has resulted in increased investments in sectors such as tourism and hospitality. This, in turn, drives the demand for buses to support the growing tourism industry.

In conclusion, the Buses market in Bahrain is experiencing significant growth due to customer preferences for environmentally friendly and technologically advanced vehicles, market trends such as urbanization and the integration of smart technologies, local special circumstances including government initiatives and regulations, and underlying macroeconomic factors such as economic growth and infrastructure development. These factors collectively contribute to the expansion and development of the Buses market in Bahrain.

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.