Buses - Greece | Statista Market Forecast

In Greece, the Buses market is set to witness a significant growth in unit sales, with a projected figure of 232.00vehicles by 2024.
This upward trend is expected to continue, driven by a compound annual rate of -2.69% from 2024 to 2030.
Consequently, the market volume is estimated to reach 197.00vehicles by 2030.
Such promising prospects further highlight the potential for expansion within the Buses market, as evidenced by the projected production of 813.00vehicles units in 2030.
Taking an international perspective, the China is anticipated to dominate sales, with a staggering figure of 537.50k vehicles in 2024.
Greece is experiencing a rising demand for electric buses in its commercial vehicle market, driven by the government's push for sustainable transportation solutions.

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.

For further information on the displayed data, refer to the info button on the right-hand side of each box.

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 Greece has experienced significant 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 Greece have played a crucial role in the development of the Buses market.

Greek consumers have shown a growing preference for public transportation, especially buses, due to their affordability and convenience. With the increasing population in urban areas, there is a higher demand for efficient and reliable public transportation systems, leading to a rise in the number of buses being purchased. Trends in the market have also contributed to the growth of the Buses market in Greece.

One notable trend is the shift towards environmentally-friendly transportation options. As concerns about climate change and air pollution continue to rise, there is a growing demand for buses that run on alternative fuels or have low emissions. This trend has led to an increase in the production and adoption of electric and hybrid buses in Greece.

Local special circumstances have also influenced the development of the Buses market in Greece. The country's geography, with its numerous islands and mountainous regions, presents unique challenges for transportation infrastructure. Buses have emerged as a cost-effective and practical solution for connecting different parts of the country, including remote areas that are not easily accessible by other modes of transportation.

This has led to an increased demand for buses in Greece, particularly in rural and island regions. Underlying macroeconomic factors have further fueled the growth of the Buses market in Greece. The country has experienced economic recovery in recent years, following a period of financial crisis.

This has resulted in increased government spending on infrastructure development, including the improvement of public transportation systems. The government's focus on modernizing the transportation sector and promoting sustainable mobility has created favorable conditions for the growth of the Buses market. In conclusion, the Buses market in Greece has witnessed significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

The increasing demand for affordable and environmentally-friendly transportation options, coupled with the unique geography of the country and government initiatives, has contributed to the expansion of the Buses market in Greece.

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.