Buses - Italy | Statista Market Forecast

In Italy, the Buses market is projected to witness unit sales of 5.53k vehicles by 2024.
This market is expected to display a compound annual rate (CAGR 2024-2030) of 2.59%, leading to a projected market volume of 6.45k vehicles by 2030.
The production of Buses market is also anticipated to reach 1.70k vehicles units in 2030, indicating the potential for significant growth in this sector.
When considering the international perspective, it is noteworthy that the largest share of sales, amounting to 537.50k vehicles units, is expected to be the China by 2024.
Italy is experiencing a surge in demand for electric buses in the commercial vehicles market, driven by government incentives and a growing focus on sustainability.

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 Italy has been experiencing 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 the Buses market in Italy have been shifting towards more environmentally friendly and fuel-efficient vehicles.

With increasing awareness of climate change and the need to reduce carbon emissions, customers are opting for buses that run on alternative fuels such as electricity or natural gas. This shift in preference is also driven by government regulations and incentives aimed at promoting sustainable transportation solutions. Trends in the market indicate a growing demand for electric buses in Italy.

The government has been actively promoting the adoption of electric vehicles, including buses, through various initiatives such as tax incentives and subsidies. This has led to an increase in the number of electric buses being introduced in the market, as well as the development of charging infrastructure to support their operation. Additionally, advancements in battery technology have made electric buses more viable and reliable, further driving their popularity among customers.

Another trend in the Buses market in Italy is the integration of smart technologies. Bus manufacturers are incorporating features such as real-time passenger information systems, GPS tracking, and intelligent route optimization to enhance the overall user experience. These technologies not only improve the efficiency of bus operations but also provide customers with a more convenient and reliable transportation option.

Local special circumstances in Italy also play a role in the development of the Buses market. The country has a well-developed public transportation system, with buses playing a crucial role in connecting various cities and towns. This reliance on buses for public transportation creates a steady demand for new buses and encourages continuous innovation in the market.

Underlying macroeconomic factors such as population growth, urbanization, and infrastructure development also contribute to the growth of the Buses market in Italy. As the population continues to increase and more people move to urban areas, the demand for public transportation, including buses, rises. Additionally, ongoing infrastructure projects aimed at improving road networks and public transportation systems create opportunities for bus manufacturers to expand their market presence.

In conclusion, the Buses market in Italy is experiencing growth due to customer preferences for environmentally friendly and fuel-efficient vehicles, the trend towards electric buses and smart technologies, local special circumstances such as the reliance on buses for public transportation, and underlying macroeconomic factors such as population growth and infrastructure development. These factors are expected to continue driving the growth of the Buses market in Italy in the coming years.

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.