Buses - Egypt | Statista Market Forecast

The Buses market in Egypt is expected to see unit sales reach 28.00vehicles by 2024.
It is projected that there will be a compound annual rate of 0.59% between 2024 and 2030, resulting in a market volume of 29.00vehicles by the end of that period.
This showcases the potential for growth in the Buses market.
Looking at the production side, it is anticipated that the production of Buses market in Egypt will reach 5.91k vehicles by 2030.
When considering international sales, it is evident that the China will have the highest sales volume of 537.50k vehicles in 2024.
Egypt's commercial bus market is experiencing a surge in demand due to the government's focus on improving public transportation infrastructure.

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 Egypt has been experiencing steady 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 Egypt have been shifting towards more fuel-efficient and environmentally friendly options.

With increasing concerns about air pollution and rising fuel prices, customers are seeking buses that are equipped with advanced technology to reduce emissions and improve fuel efficiency. Additionally, customers are also looking for buses that offer comfortable seating, air conditioning, and other amenities to enhance the overall passenger experience. In terms of market trends, there has been a growing demand for electric buses in Egypt.

The government has been actively promoting the adoption of electric vehicles as part of its efforts to reduce carbon emissions and combat climate change. This has led to an increase in the production and sales of electric buses in the country. Furthermore, there is a trend towards the development of smart buses, which are equipped with advanced features such as real-time tracking, Wi-Fi connectivity, and digital payment systems.

These trends are driven by the need for more efficient and convenient public transportation options. Local special circumstances also play a role in the development of the Buses market in Egypt. The country has a large population and a growing urbanization rate, which has resulted in increased demand for public transportation.

The government has been investing in the expansion and improvement of public transportation infrastructure, including the construction of new bus stations and the implementation of dedicated bus lanes. These initiatives aim to alleviate traffic congestion and provide better transportation options for the population. Underlying macroeconomic factors also contribute to the growth of the Buses market in Egypt.

The country has been experiencing economic growth, which has led to an increase in disposable income and a higher standard of living for many Egyptians. This has resulted in an increased demand for personal transportation, including buses. Additionally, the government has implemented favorable policies and incentives to support the development and production of buses in the country, further driving market growth.

In conclusion, the Buses market in Egypt is developing in response to customer preferences for fuel-efficient and environmentally friendly options, market trends towards electric and smart buses, local special circumstances such as population growth and urbanization, and underlying macroeconomic factors such as economic growth and government support. These factors are driving the growth of the market and shaping its future trajectory.

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.