Buses - Lebanon | Statista Market Forecast

The Buses market in Lebanon is projected to reach a unit sales of 876.00vehicles by 2024.
This indicates a positive growth trend in the market.
Moreover, it is expected that the unit sales will continue to grow at a compound annual rate of 2.59% from 2024 to 2030.
This will result in a projected market volume of 1.02k vehicles by 2030.
The growth of the market indicates potential opportunities for growth and development.
In addition, the production of Buses market in Lebanon is expected to reach 0.00 by 2030.
This highlights the potential growth and expansion that the Buses market can achieve in the coming years.
The absence of production in 2030 suggests that there will be a significant reliance on imports or other sources to meet the demand for Buses market in the market.
From an international perspective, it is evident that the China will dominate the sales in the Buses market, with a projected sales figure of 537.50k vehicles in 2024.
This signifies the importance of the United States as a key market for the Buses market industry globally.
Overall, the Buses market in Lebanon shows promising growth prospects, with an expected increase in unit sales and market volume.
The reliance on imports and the strong presence of the United States in the market underline the significance of international dynamics in shaping the future of the Buses market industry in Lebanon.
In Lebanon, the demand for electric buses is growing rapidly, 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.

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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 Lebanon is experiencing significant growth and development in recent years. Customer preferences in the Buses market in Lebanon have shifted towards more modern and technologically advanced buses.

Customers are increasingly looking for buses that are fuel-efficient, environmentally friendly, and equipped with the latest safety features. There is also a growing demand for buses that offer comfortable seating, spacious interiors, and amenities such as Wi-Fi connectivity and entertainment systems. Trends in the Buses market in Lebanon indicate a strong focus on electric and hybrid buses.

As the country strives to reduce its carbon footprint and promote sustainable transportation, there is a growing demand for buses that run on clean energy sources. Electric and hybrid buses are seen as a viable solution to reduce emissions and improve air quality in urban areas. Additionally, the government has implemented policies and incentives to encourage the adoption of electric and hybrid buses, further driving the market growth in this segment.

Another trend in the Buses market in Lebanon is the increasing demand for mini and midi buses. These smaller buses are preferred for their maneuverability and ability to navigate through narrow streets and congested areas. They are particularly popular for transportation services in urban areas and for tourism purposes.

The demand for mini and midi buses is also driven by their lower operating costs and fuel efficiency compared to larger buses. Local special circumstances in Lebanon contribute to the development of the Buses market. The country has a well-developed public transportation system, with buses playing a crucial role in connecting different regions and cities.

The government has taken initiatives to improve the public transportation infrastructure, including the expansion and modernization of bus fleets. Additionally, Lebanon is a popular tourist destination, attracting a large number of visitors each year. This creates a demand for tourist buses and shuttle services, further driving the growth of the Buses market.

Underlying macroeconomic factors also play a role in the development of the Buses market in Lebanon. The country has a stable economy with a growing middle class, which has increased the purchasing power of consumers. This has led to an increased demand for private transportation, including buses for personal use.

Furthermore, the government has implemented favorable policies and regulations to support the growth of the automotive industry, including the Buses market. These factors have created a favorable business environment for bus manufacturers and suppliers in Lebanon. In conclusion, the Buses market in Lebanon is experiencing growth and development driven by customer preferences for modern and technologically advanced buses, the trend towards electric and hybrid buses, the demand for mini and midi buses, local special circumstances such as the well-developed public transportation system and the tourism industry, and underlying macroeconomic factors including a stable economy and favorable government policies.

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.