Buses - Chad | Statista Market Forecast

The Buses market in Chad is projected to reach a unit sales of 9.00vehicles by 2024.
It is expected to exhibit a compound annual rate (CAGR 2024-2030) of -1.94%, resulting in a projected market volume of 8.00vehicles by 2030.
This indicates the potential for growth in the Buses market.
Interestingly, the production of Buses market is projected to reach 0.00 in 2030, highlighting the extent to which the market can expand.
From an international perspective, it is revealed that the majority of sales, amounting to 537.50k vehicles, are expected to occur the China in 2024.
Chad's commercial vehicle market is experiencing a growing demand for buses, driven by an increasing need for transportation infrastructure and urban development.

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 Chad has experienced significant growth in recent years, driven by several key factors. Customer preferences have shifted towards more reliable and comfortable modes of transportation, leading to increased demand for buses.

Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market. Customer preferences in Chad have played a crucial role in the growth of the Buses market. As the population continues to urbanize and seek better transportation options, there has been a shift towards buses as a preferred mode of travel.

Buses offer a more affordable and convenient alternative to private cars, especially for longer distances. Furthermore, customers value the comfort and safety features that buses provide, making them an attractive choice for both urban and intercity travel. Trends in the market indicate a growing demand for buses in Chad.

This can be attributed to the increasing urbanization and population growth in the country. As more people move to urban areas, the need for efficient and reliable transportation becomes paramount. Buses are seen as a viable solution to address the transportation needs of a growing population.

Additionally, the government has been investing in infrastructure development, including the construction of new roads and highways, which further supports the demand for buses. Local special circumstances also contribute to the development of the Buses market in Chad. The country's vast and diverse landscape, including its desert regions and rural areas, necessitates the use of buses for transportation.

Buses are able to navigate different terrains and provide access to remote areas where other modes of transportation may be limited. This makes buses an essential mode of travel for both urban and rural communities. Underlying macroeconomic factors have also played a role in the growth of the Buses market in Chad.

The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has positively impacted the demand for buses, as individuals and businesses are able to afford the cost of purchasing and maintaining these vehicles. Additionally, the government has implemented policies to support the transportation sector, including tax incentives and subsidies for bus operators, further driving the growth of the market.

In conclusion, the Buses market in Chad has experienced significant growth due to customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards more reliable and comfortable modes of transportation, coupled with the increasing urbanization and population growth, has fueled the demand for buses. Additionally, the country's diverse landscape and government support for the transportation sector have contributed to the development of the market.

As Chad continues to develop and invest in infrastructure, the Buses market is expected to further expand in the coming years.

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.