Market Insights Mobility Commercial Vehicles

Buses - France

France

France is projected to see unit sales in the Buses market reach 6.04k vehicles by 2024.
The market is expected to experience an annual growth rate (CAGR 2024-2029) of -0.94%, resulting in a projected market volume of 5.76k vehicles by 2029.
This indicates the potential for growth in the Buses market.
In 2029, the production of Buses market is expected to reach 2.51k vehicles, further highlighting the market's potential.
From an international perspective, the in the United States is expected to dominate sales in 2024, with a predicted figure of 116.30k vehicles.
France's commercial vehicle market for buses is experiencing a shift towards electric and hybrid models due to government incentives and increasing environmental awareness.

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Analyst Opinion

The Buses market in France has been experiencing significant growth in recent years.

Customer preferences: Customers in France have shown a growing preference for buses as a mode of transportation. This can be attributed to several factors, including the increasing urbanization and congestion in major cities. Buses provide a cost-effective and efficient solution for commuting within the city, especially for those who do not own a car or prefer not to drive in heavy traffic. Additionally, buses are considered to be more environmentally friendly compared to individual cars, which aligns with the growing awareness and concern for sustainability among customers.

Trends in the market: One of the key trends in the Buses market in France is the transition towards electric buses. This trend is driven by both environmental concerns and government regulations promoting the adoption of clean energy vehicles. Electric buses offer lower emissions and reduced noise pollution, making them an attractive option for both operators and passengers. As a result, many bus manufacturers are investing in research and development of electric bus technology to meet the increasing demand. Another trend in the market is the integration of smart technologies in buses. This includes features such as Wi-Fi connectivity, GPS tracking, and real-time passenger information systems. These technologies enhance the overall passenger experience and improve operational efficiency for bus operators. Customers appreciate the convenience of staying connected while traveling, and the ability to track bus locations in real-time helps them plan their journeys more effectively.

Local special circumstances: France has a well-developed public transportation infrastructure, with a strong emphasis on buses as a mode of transport. The country has an extensive network of bus routes, serving both urban and rural areas. Additionally, the French government has implemented policies to encourage the use of public transportation, such as providing subsidies for bus operators and promoting the integration of different modes of transport. These factors contribute to the favorable market conditions for buses in France.

Underlying macroeconomic factors: The Buses market in France is also influenced by macroeconomic factors. The country has a stable economy with a high level of disposable income among its population. This enables customers to afford bus fares and encourages them to choose buses as a convenient and cost-effective mode of transportation. Furthermore, the government's focus on sustainable development and reducing carbon emissions aligns with the market trend towards electric buses. The availability of government incentives and subsidies for electric bus purchases further drives the growth of this segment in the market. In conclusion, the Buses market in France is experiencing growth due to customer preferences for a cost-effective and sustainable mode of transportation. The trends of electric buses and smart technologies are shaping the market, while the country's well-developed public transportation infrastructure and favorable government policies contribute to its growth. The stable macroeconomic factors and high disposable income in France also support the market's expansion.

Methodology

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.