Buses - Morocco | Statista Market Forecast

In 2024, the Buses market in Morocco is projected to reach a total of 30.00vehicles unit sales.
Looking ahead, the market is expected to maintain a compound annual rate of 1.60% (CAGR 2024-2030), resulting in a projected market volume of 33.00vehicles units by 2030.
This indicates the potential for growth in the Buses market.
Interestingly, the China is anticipated to be the leading country in terms of sales, with a projected figure of 537.50k vehicles units in 2024.
Morocco's commercial vehicle market is experiencing a surge in demand for buses, driven by the country's growing tourism industry.

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 Morocco 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 in the Buses market in Morocco have been shifting towards more environmentally friendly and fuel-efficient vehicles.

With growing concerns about climate change and rising fuel prices, customers are increasingly opting for buses that are equipped with hybrid or electric engines. This preference for greener buses is also driven by government initiatives to reduce carbon emissions and promote sustainable transportation solutions. In addition to environmental considerations, customers in Morocco also prioritize safety and comfort when choosing buses.

They look for buses that are equipped with advanced safety features such as anti-lock braking systems and stability control. Moreover, customers prefer buses that offer comfortable seating, ample legroom, and air conditioning to ensure a pleasant travel experience. Trends in the Buses market in Morocco reflect global market trends, with a growing demand for electric buses.

This trend is driven by advancements in battery technology, which have made electric buses more reliable and cost-effective. Additionally, the government of Morocco has been promoting the use of electric buses through incentives and subsidies, further driving the adoption of this technology. Another trend in the Buses market in Morocco is the integration of smart technologies.

Bus manufacturers are incorporating features such as GPS tracking, real-time passenger information systems, and onboard Wi-Fi to enhance the overall travel experience. These technologies not only improve operational efficiency but also provide passengers with convenience and connectivity during their journeys. Local special circumstances in Morocco also contribute to the development of the Buses market.

The country has a growing population and increasing urbanization, leading to higher demand for public transportation. The government has recognized the need for efficient and sustainable transportation solutions, resulting in investments in the expansion and modernization of public transportation infrastructure. This creates opportunities for bus manufacturers to supply buses for these projects.

Underlying macroeconomic factors, such as economic growth and urbanization, also play a role in the development of the Buses market in Morocco. As the economy grows and more people move to urban areas, the demand for public transportation increases. This creates a favorable market environment for bus manufacturers, as they can cater to the growing transportation needs of the population.

In conclusion, the Buses market in Morocco is developing in response to customer preferences for environmentally friendly and technologically advanced buses. The market is also influenced by global trends, local special circumstances, and underlying macroeconomic factors. With the government's focus on sustainable transportation and the growing demand for public transportation, the Buses market in Morocco is expected to continue its growth trajectory 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.