Buses - Japan | Statista Market Forecast

The country in Japan is projected to reach unit sales of 3.59k vehicles in the Buses market by 2024.
It is expected that these unit sales will show a compound annual rate (CAGR 2024-2030) of 2.59%, resulting in a projected market volume of 4.18k vehicles by 2030.
This indicates the potential growth of the Buses market in Japan.
Furthermore, the production of Buses market is also expected to increase to 6.55k vehicles units by 2030, further highlighting the growth potential.
From an international perspective, the China is projected to have the highest sales volume of 537.50k vehicles units in the Buses market by 2024.
Japan's commercial vehicle market is witnessing a surge in demand for electric buses, driven by the country's commitment to sustainable transportation.

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 Japan has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Buses market in Japan have been shifting towards more eco-friendly and fuel-efficient vehicles.

This is due to increasing awareness of environmental issues and the government's push for sustainable transportation solutions. As a result, there has been a growing demand for hybrid and electric buses in Japan. Customers are also looking for buses with advanced safety features and comfortable interiors to enhance the overall passenger experience.

In terms of market trends, there has been a rise in the adoption of autonomous technology in the Buses market in Japan. Autonomous buses offer the potential for improved safety, reduced congestion, and increased efficiency. This trend is driven by advancements in technology and the government's efforts to promote autonomous vehicles as part of its mobility strategy.

Additionally, there is a growing focus on connectivity and smart features in buses, such as Wi-Fi and real-time passenger information systems, to meet the evolving needs of customers. Local special circumstances in Japan have also contributed to the development of the Buses market. The country's aging population and declining birth rate have led to an increased demand for transportation services for elderly and disabled individuals.

As a result, there is a growing market for specialized buses equipped with features such as wheelchair ramps and priority seating for the elderly. Furthermore, Japan's extensive public transportation network and efficient urban planning have created a favorable environment for the growth of the Buses market. Underlying macroeconomic factors play a significant role in shaping the Buses market in Japan.

The government's infrastructure investment initiatives, such as the development of smart cities and transportation networks, have provided a boost to the market. Additionally, favorable government policies and incentives, such as tax breaks and subsidies for eco-friendly vehicles, have encouraged the adoption of buses in both public and private sectors. The country's stable economic growth and increasing urbanization have also contributed to the expansion of the Buses market.

Overall, the Buses market in Japan is witnessing growth due to customer preferences for eco-friendly and technologically advanced vehicles, market trends such as the adoption of autonomous technology, local special circumstances related to the aging population and urban planning, and underlying macroeconomic factors including government initiatives and stable economic growth. These factors are expected to continue driving the development of the Buses market in Japan 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.