Buses - Czechia | Statista Market Forecast

The Buses market in Czechia is projected to reach a unit sales volume of 1.02k vehicles by 2024.
It is expected to show a compound annual rate (CAGR 2024-2030) of -1.85%, resulting in a projected market volume of 912.00vehicles by 2030.
This indicates the potential growth of the Buses market in Czechia.
Furthermore, the production of Buses market is also expected to reach 5.15k vehicles by 2030, further highlighting the growth potential.
From an international perspective, it is shown that the China is expected to have the highest sales volume of 537.50k vehicles in 2024.
The Czechia commercial vehicle market is experiencing a growing demand for electric buses due to increasing environmental concerns and government incentives.

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 Czechia has been experiencing steady growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Buses market in Czechia have been shifting towards more environmentally friendly and fuel-efficient options.

As awareness of climate change and environmental sustainability grows, customers are increasingly opting for buses that run on alternative fuels such as electricity or natural gas. This shift in preferences is also influenced by government regulations and incentives that promote the use of cleaner and greener transportation options. Trends in the market indicate a growing demand for electric buses in Czechia.

The government has been actively promoting the adoption of electric buses by providing subsidies and incentives to both bus manufacturers and operators. This has led to an increase in the production and availability of electric buses in the market. Additionally, advancements in battery technology have improved the range and performance of electric buses, making them a viable alternative to traditional diesel buses.

Another trend in the Buses market in Czechia is the increasing demand for smaller and more agile buses. This is driven by the need for efficient public transportation in urban areas with narrow streets and limited parking spaces. Smaller buses are easier to maneuver and can navigate through congested city streets more effectively.

As a result, bus manufacturers are introducing compact models that cater specifically to the needs of urban transportation. Local special circumstances in Czechia also contribute to the development of the Buses market. The country has a well-developed public transportation system, with buses playing a crucial role in connecting different regions and cities.

The government has been investing in the expansion and modernization of the public transportation infrastructure, including the purchase of new buses. This creates opportunities for bus manufacturers and suppliers to cater to the growing demand for buses in the country. Underlying macroeconomic factors such as population growth and urbanization also play a role in the development of the Buses market in Czechia.

As the population continues to grow and more people migrate to urban areas, the demand for public transportation increases. Buses are a cost-effective and efficient mode of transportation, making them a popular choice for both commuters and tourists. The government's focus on improving public transportation infrastructure further supports the growth of the Buses market.

In conclusion, the Buses market in Czechia is experiencing growth due to shifting customer preferences towards more environmentally friendly options, trends in the market such as the demand for electric and smaller buses, local special circumstances including government investments in public transportation, and underlying macroeconomic factors such as population growth and urbanization. These factors create a favorable environment for the development and expansion of the Buses market in Czechia.

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.