Buses - Chile | Statista Market Forecast

In 2024, the Buses market in Chile is anticipated to achieve unit sales of 65.00vehicles.
This market is expected to demonstrate a compound annual growth rate (CAGR 2024-2030) of 0.25%, resulting in a projected market volume of 66.00vehicles by 2030.
Furthermore, the production of Buses market in Chile is estimated to reach 0.00 by 2030, providing insight into the potential growth of this market.
From an international standpoint, it is evident that the majority of sales, amounting to 537.50k vehicles, will be concentrated the China.
Chile's commercial vehicle market is experiencing a growing demand for electric buses, driven by government incentives and environmental consciousness.

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 Chile is experiencing significant growth and development in recent years. Customer preferences in the Buses market in Chile are shifting towards more environmentally friendly and fuel-efficient options.

Customers are increasingly looking for buses that have lower emissions and are more sustainable. This is driven by a growing awareness of the environmental impact of transportation and a desire to reduce carbon footprints. In addition, customers are also seeking buses that offer greater comfort and safety features, such as air conditioning, comfortable seating, and advanced safety systems.

One of the key trends in the Buses market in Chile is the increasing adoption of electric buses. The government of Chile has been actively promoting the use of electric vehicles, including buses, as part of its efforts to reduce air pollution and combat climate change. This has led to a growing number of bus operators and companies investing in electric buses.

The demand for electric buses is also driven by the availability of government incentives and subsidies, which make them more affordable for bus operators. Another trend in the Buses market in Chile is the integration of technology and connectivity features in buses. Bus manufacturers are incorporating advanced technology, such as GPS tracking, Wi-Fi connectivity, and infotainment systems, to enhance the passenger experience and improve operational efficiency.

These features not only provide convenience to passengers but also enable bus operators to monitor and manage their fleets more effectively. Local special circumstances in Chile also contribute to the development of the Buses market. Chile has a well-developed public transportation system, with buses being a popular mode of transport for both urban and rural areas.

The country's geography, with its long coastline and mountainous regions, requires reliable and efficient transportation options, making buses an essential part of the transportation infrastructure. Underlying macroeconomic factors, such as population growth, urbanization, and economic development, also play a significant role in the growth of the Buses market in Chile. As the population continues to grow and more people move to urban areas, the demand for public transportation, including buses, increases.

Economic development and rising disposable incomes also contribute to the growth of the market, as people have more purchasing power to afford bus tickets and operators have more resources to invest in new buses. In conclusion, the Buses market in Chile is experiencing growth and development due to customer preferences for environmentally friendly and technologically advanced buses, as well as local special circumstances and underlying macroeconomic factors. The increasing adoption of electric buses and the integration of technology in buses are key trends driving the market.

With the government's support and the growing demand for public transportation, the Buses market in Chile is expected to continue to 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.