Buses - Mauritius | Statista Market Forecast

The projected unit sales in the Buses market for Mauritius are expected to reach 10.00vehicles by 2024.
It is anticipated that there will be a compound annual rate (CAGR 2024-2030) of -1.74%, resulting in a projected market volume of 9.00vehicles by 2030.
This growth in unit sales showcases the potential for expansion in the Buses market in Mauritius.
Furthermore, the production of Buses market is expected to reach 0.00 by 2030, highlighting the extent to which the Buses market can grow in the country.
From an international perspective, it is evident that the majority of sales in 2024 will be the China (537.50k vehicles).
Due to the rapid urbanization and growing tourism industry in Mauritius, there has been an increasing demand for modern and eco-friendly buses in the commercial vehicles market.

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 Mauritius is experiencing significant growth and development in recent years. Customer preferences have shifted towards more environmentally friendly and cost-effective transportation options, leading to an increased demand for buses.

Additionally, local special circumstances and underlying macroeconomic factors have contributed to the expansion of the market. Customer preferences in Mauritius have played a crucial role in driving the growth of the Buses market. With growing concerns about environmental sustainability, customers are increasingly opting for greener modes of transportation.

Buses offer a more eco-friendly alternative to private cars, reducing carbon emissions and alleviating traffic congestion. Moreover, buses are also seen as a more cost-effective option for commuting, especially for individuals who do not own a car or prefer not to drive. The convenience and affordability of bus transportation have made it a popular choice among the population.

In addition to customer preferences, several trends have emerged in the Buses market in Mauritius. One notable trend is the adoption of electric buses. As the government and private entities strive to reduce carbon emissions and promote sustainable development, electric buses have gained traction in the market.

These buses are powered by electricity, reducing the reliance on fossil fuels and minimizing environmental impact. The introduction of electric buses not only aligns with customer preferences for greener transportation but also showcases the country's commitment to sustainable practices. Another trend in the Buses market is the integration of smart technologies.

Buses are being equipped with advanced features such as GPS tracking, real-time passenger information systems, and contactless payment options. These technological advancements enhance the overall customer experience, making bus travel more convenient and efficient. Passengers can easily track the location of buses, plan their journeys accordingly, and make cashless transactions, improving the overall efficiency of the transportation system.

Local special circumstances in Mauritius have also contributed to the growth of the Buses market. The island nation has a relatively small land area, which makes it well-suited for bus transportation. Buses provide an efficient and cost-effective mode of transportation, especially for short to medium-distance travel within the island.

Additionally, the government has implemented policies and initiatives to promote public transportation, including the expansion of bus networks and the improvement of infrastructure. These efforts have further boosted the demand for buses in Mauritius. Underlying macroeconomic factors have also played a role in the development of the Buses market.

The steady economic growth and increasing urbanization in Mauritius have resulted in a higher demand for transportation services. As more people move to urban areas and commute for work or education, the need for reliable and affordable transportation options has risen. Buses have emerged as a viable solution to meet this demand, providing a cost-effective and efficient mode of transportation for both urban and rural areas.

In conclusion, the Buses market in Mauritius is experiencing growth and development due to customer preferences for greener and cost-effective transportation options. The adoption of electric buses and the integration of smart technologies have emerged as key trends in the market. Local special circumstances, such as the small land area and government initiatives, have further contributed to the expansion of the market.

Additionally, underlying macroeconomic factors, including economic growth and urbanization, have fueled the demand for buses in Mauritius.

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.