Buses - Brazil | Statista Market Forecast

In Brazil, the Buses market is projected to reach a total of 22.07k vehicles unit sales in 2024.
This market is expected to exhibit a compound annual rate of 2.59% (CAGR 2024-2030), resulting in a projected market volume of 25.73k vehicles units by 2030.
These numbers demonstrate the potential for growth in the Buses market.
Furthermore, the production of Buses market is also expected to increase significantly, reaching 18.85k vehicles units by 2030.
From an international perspective, it is noteworthy that the China is anticipated to have the highest sales volume in 2024, with a projected figure of 537.50k vehicles units.
Brazil's commercial vehicle market is seeing a surge in demand for electric buses, driven by the country's commitment to sustainable transportation solutions.

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 Brazil 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 Brazil have been shifting towards more environmentally friendly and fuel-efficient vehicles.

This is in line with global trends, as customers are becoming increasingly conscious of the impact of their choices on the environment. As a result, there has been a growing demand for electric and hybrid buses in Brazil, as well as buses that run on alternative fuels such as natural gas. Customers are also looking for buses that offer enhanced comfort and safety features, as well as those that are equipped with the latest technology and connectivity options.

In terms of market trends, the Buses market in Brazil has been witnessing a consolidation of players. This is partly due to the increasing competition in the market, as well as the need for economies of scale to invest in research and development and meet the evolving customer demands. As a result, larger bus manufacturers have been acquiring smaller companies to expand their product portfolios and gain a stronger foothold in the market.

This trend is expected to continue in the coming years, as companies strive to stay competitive and meet the changing customer preferences. Local special circumstances in Brazil have also contributed to the development of the Buses market. Brazil has a large population and vast geographical area, which creates a significant demand for public transportation.

The government has been investing in infrastructure development, including the expansion of bus networks and the improvement of existing transportation systems. This has created opportunities for bus manufacturers and suppliers to cater to the growing demand for buses in Brazil. Additionally, Brazil has a strong automotive industry, which provides a solid foundation for the production and supply of buses.

Underlying macroeconomic factors have played a crucial role in the development of the Buses market in Brazil. The country has been experiencing economic growth, which has led to an increase in disposable income and urbanization. As more people move to cities, the demand for public transportation, including buses, has been on the rise.

The government has also implemented favorable policies and incentives to encourage the adoption of cleaner and more efficient buses, further driving the market growth. In conclusion, the Buses market in Brazil is developing due to customer preferences for environmentally friendly and technologically advanced vehicles, market trends such as consolidation and acquisition, local special circumstances including infrastructure development and a strong automotive industry, and underlying macroeconomic factors such as economic growth and government policies. These factors are expected to continue shaping the market in the coming years, driving further growth and innovation in the Buses industry in Brazil.

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.