Buses - Kazakhstan | Statista Market Forecast

In Kazakhstan, the Buses market is projected to reach 228.00vehicles unit sales by 2024.
This indicates a positive trend in the market.
Furthermore, a compound annual rate of 0.15% is expected between 2024 and 2030, resulting in a projected market volume of 230.00vehicles units by 2030.
These figures illustrate the potential for growth in the Buses market.
Moreover, the production of Buses market is projected to reach 3.87k vehicles units by 2030 in Kazakhstan.
This signifies the potential expansion and development of the Buses market in the country.
When considering the global outlook, it is noteworthy that the China is expected to have the highest sales volume in 2024, with 537.50k vehicles units.
This demonstrates the prominence of the United States in the international Buses market.
The demand for electric buses in Kazakhstan is growing rapidly, as the country aims to reduce its carbon footprint and improve air quality in major cities.

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 Kazakhstan is experiencing steady growth and development, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Buses market in Kazakhstan are shifting towards more environmentally friendly and fuel-efficient vehicles.

As the country aims to reduce its carbon footprint and promote sustainable transportation, there is a growing demand for buses that run on alternative fuels such as natural gas or electricity. Customers are also looking for buses with advanced safety features and comfortable interiors to enhance the overall passenger experience. In terms of market trends, the Buses market in Kazakhstan is witnessing an increase in the adoption of electric buses.

With the government's push towards electric mobility and the availability of charging infrastructure, more bus operators are transitioning to electric buses. This trend is expected to continue as the technology improves and the cost of electric buses becomes more competitive with traditional diesel buses. Another trend in the Buses market in Kazakhstan is the growing popularity of mini-buses or shuttle buses.

These smaller buses are ideal for transportation within cities and towns, providing a cost-effective and efficient solution for shorter distances. The demand for mini-buses is driven by the need for public transportation options that are more flexible and can navigate through narrow streets and congested areas. Local special circumstances in Kazakhstan also play a role in the development of the Buses market.

The country's vast territory and long distances between cities create a need for long-distance buses that can provide comfortable and reliable transportation for intercity travel. Additionally, the harsh climate in certain regions of Kazakhstan requires buses to be equipped with features such as heating systems and robust construction to withstand extreme weather conditions. Underlying macroeconomic factors also contribute to the growth of the Buses market in Kazakhstan.

The country's strong economic growth and increasing urbanization have led to a higher demand for public transportation. As more people move to cities and rely on public transportation, the demand for buses is expected to rise. Furthermore, government initiatives and investments in infrastructure development, including road networks and public transportation systems, are driving the demand for buses in Kazakhstan.

In conclusion, the Buses market in Kazakhstan is developing in response to customer preferences for environmentally friendly and comfortable buses, market trends such as the adoption of electric and mini-buses, local special circumstances like long distances and harsh climate, and underlying macroeconomic factors including economic growth and infrastructure development. These factors collectively contribute to the growth and evolution of the Buses market in Kazakhstan.

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.