Buses - Denmark | Statista Market Forecast

The Buses market in Denmark is projected to reach 436.00vehicles unit sales by 2024.
It is expected to experience a compound annual growth rate (CAGR 2024-2030) of -4.20%, resulting in a projected market volume of 337.00vehicles units by 2030.
This indicates the potential growth of the Buses market in the country.
Furthermore, the production of Buses market is expected to reach 2.67k vehicles units by 2030, further highlighting the market's growth potential.
In terms of international sales, it is evident that the China will dominate with 537.50k vehicles unit sales in 2024.
Denmark's increasing focus on sustainability and emissions reduction is driving the demand for electric buses in the commercial vehicles market.

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 Denmark has been experiencing steady growth in recent years, driven by customer preferences for more sustainable and environmentally friendly transportation options. Customer preferences in the Buses market in Denmark have shifted towards electric and hybrid buses, as the country aims to reduce its carbon emissions and promote clean energy solutions.

This shift is in line with global trends, as many countries around the world are also adopting electric and hybrid buses to combat climate change and improve air quality. In addition to the environmental benefits, customers in Denmark are also attracted to the lower operating costs of electric and hybrid buses compared to traditional diesel buses. The rising cost of fuel and the availability of government incentives for electric vehicles have further incentivized customers to choose these more sustainable options.

Another trend in the Buses market in Denmark is the increasing demand for smaller buses, particularly in urban areas. As cities become more densely populated, there is a growing need for compact and agile buses that can navigate through narrow streets and crowded traffic. This trend is also driven by the desire to reduce congestion and improve the efficiency of public transportation systems.

Local special circumstances in Denmark, such as the country's well-developed infrastructure and strong commitment to sustainable transportation, have contributed to the growth of the Buses market. Denmark has a comprehensive network of charging stations for electric vehicles, making it easier for customers to adopt electric and hybrid buses. The government has also implemented policies and regulations to support the development and deployment of clean energy technologies, creating a favorable environment for the Buses market.

Underlying macroeconomic factors, such as population growth and urbanization, have also played a role in the development of the Buses market in Denmark. As the population increases and more people move to urban areas, there is a greater demand for public transportation services. Buses are seen as a cost-effective and efficient mode of transportation, offering flexibility and convenience for both commuters and tourists.

In conclusion, the Buses market in Denmark is experiencing growth due to customer preferences for more sustainable and efficient transportation options. The shift towards electric and hybrid buses, as well as the demand for smaller buses in urban areas, are driving this trend. Local special circumstances, such as Denmark's well-developed infrastructure and commitment to sustainable transportation, have further supported the growth of the market.

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.