Buses - Malta | Statista Market Forecast

In 2024, the projected unit sales in the Buses market of Malta are expected to reach 139.00vehicles.
Looking ahead, it is anticipated that the unit sales will demonstrate a compound annual rate (CAGR 2024-2030) of 2.16%.
As a result, the market volume is projected to reach 158.00vehicles by 2030.
This signifies the potential for growth in the Buses market of Malta.
Furthermore, it is worth noting that in 2024, the majority of sales are expected to be the China, with a total of 537.50k vehicles units sold.
Malta is witnessing a growing demand for electric buses in its commercial vehicles market, as the government promotes 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 Malta has been experiencing significant growth in recent years, driven by various factors such as customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences play a crucial role in shaping the Buses market in Malta.

With the increasing awareness of environmental sustainability, there is a growing demand for eco-friendly transportation options. This has led to a rise in the preference for electric and hybrid buses, which offer reduced carbon emissions and lower fuel consumption. Additionally, customers are also looking for buses that provide comfortable seating, modern amenities, and advanced safety features.

One of the key trends in the Buses market in Malta is the adoption of smart technologies. Bus operators are increasingly integrating technologies such as GPS tracking, real-time passenger information systems, and contactless payment systems. These technologies enhance operational efficiency, improve the overall passenger experience, and enable better route planning and scheduling.

Furthermore, the integration of smart technologies also allows for better fleet management and maintenance, reducing downtime and increasing productivity. Another trend in the Buses market in Malta is the focus on accessibility and inclusivity. There is a growing emphasis on ensuring that buses are accessible for people with disabilities and elderly individuals.

This includes features such as wheelchair ramps, priority seating, and audio-visual announcements. By making buses more accessible, operators can cater to a wider range of passengers and promote inclusivity in public transportation. Local special circumstances also influence the development of the Buses market in Malta.

The small size of the country and its dense population make buses a convenient and cost-effective mode of transportation. Additionally, Malta's tourism industry is a significant driver of the Buses market, with buses being a popular choice for tourists to explore the island. As a result, there is a need for a well-connected and efficient bus network to cater to both locals and tourists.

Underlying macroeconomic factors also contribute to the growth of the Buses market in Malta. The country's strong economic performance, coupled with government initiatives to improve public transportation infrastructure, has created a favorable environment for investment in the sector. Furthermore, Malta's membership in the European Union provides access to funding opportunities and regulatory frameworks that support the development of sustainable and efficient public transportation systems.

In conclusion, the Buses market in Malta is witnessing growth due to customer preferences for eco-friendly and technologically advanced buses, the adoption of smart technologies, a focus on accessibility and inclusivity, local special circumstances such as the small size of the country and its tourism industry, and underlying macroeconomic factors such as strong economic performance and government initiatives. These factors are driving the development of a modern and efficient bus network in Malta.

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.