Buses - EU-27 | Statista Market Forecast

In the Buses market, the projected unit sales for the EU-27 are expected to reach 34.29k vehicles by 2024.
It is anticipated that these unit sales will experience a compound annual rate of 1.48% between 2024 and 2030, resulting in a projected market volume of 37.46k vehicles by 2030.
The production of Buses market in the EU-27 is also expected to increase, reaching 42.11k vehicles units by 2030, indicating the potential for further growth in the market.
From an international perspective, it is noteworthy that the China is projected to have the highest sales volume of 537.50k vehicles units in 2024.
In Germany, there is a growing trend towards electric buses in the commercial vehicles market, as the country aims to reduce its carbon emissions and improve air quality in urban areas.

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 EU-27 is experiencing significant growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Buses market have shifted towards more environmentally friendly and fuel-efficient options.

As concerns about climate change and air pollution continue to rise, customers are increasingly opting for electric and hybrid buses. These vehicles offer lower emissions and reduced fuel consumption, aligning with the growing demand for sustainable transportation solutions. Additionally, customers are seeking buses with advanced safety features and comfortable interiors to enhance the overall passenger experience.

Trends in the Buses market reflect the increasing demand for electric and hybrid buses. Governments across the EU-27 have implemented strict emission regulations and provided incentives to promote the adoption of electric vehicles, including buses. This has led to a surge in the production and sales of electric and hybrid buses, with many manufacturers expanding their product portfolios to cater to this growing market segment.

Furthermore, technological advancements in battery technology and charging infrastructure have made electric buses a more viable and attractive option for both public and private transportation operators. Local special circumstances in different countries within the EU-27 also contribute to the development of the Buses market. For instance, densely populated urban areas with high levels of air pollution are driving the demand for electric buses as a means to improve air quality and reduce noise pollution.

Additionally, countries with well-established public transportation systems, such as Germany and France, are investing in the modernization and expansion of their bus fleets to meet the growing demand for efficient and reliable transportation services. Underlying macroeconomic factors play a crucial role in the development of the Buses market in the EU-27. Economic growth, urbanization, and increasing disposable incomes are driving the demand for public transportation services, leading to higher bus sales.

Moreover, government initiatives to improve public transportation infrastructure and reduce traffic congestion are creating favorable conditions for the expansion of the Buses market. The availability of financing options and favorable interest rates also contribute to the growth of the market, as they make it easier for transportation operators to invest in new buses. Overall, the Buses market in the EU-27 is experiencing growth due to changing customer preferences towards more sustainable and comfortable transportation options, emerging trends in electric and hybrid buses, local special circumstances in different countries, and underlying macroeconomic factors such as economic growth and government initiatives.

As these factors continue to evolve, the Buses market is expected to further expand and innovate to meet the demands of the changing transportation landscape in the EU-27.

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.