Buses - New Zealand | Statista Market Forecast

In the country of New Zealand, the Buses market is projected to reach a total of 9.47k vehicles units in sales by the year 2024.
Looking ahead, the market is expected to experience a compound annual rate of -2.66%, resulting in a projected market volume of 9.47k vehicles units by 2030.
This indicates the potential for growth within the Buses market.
Furthermore, it is worth noting that the production of Buses market is also expected to increase, reaching 1.84k vehicles units by 2030.
Taking an international perspective, it is interesting to observe that a significant portion of the sales, specifically 537.50k vehicles units, is anticipated to occur the China in 2024.
New Zealand's bus market is witnessing a shift towards electric buses, driven by the country's commitment to sustainability and reducing carbon emissions.

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 New Zealand has been witnessing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

Customer preferences in the Buses market in New Zealand have shifted towards more sustainable and environmentally friendly modes of transportation. With growing concerns about climate change and pollution, there is a growing demand for buses that run on alternative fuels or are electric-powered. Customers are also looking for buses that are more fuel-efficient and have lower emissions.

Additionally, there is an increasing preference for buses that offer comfort, safety, and modern amenities such as Wi-Fi and USB charging ports. In terms of trends in the market, the Buses market in New Zealand has seen a rise in the adoption of electric buses. The government has been actively promoting the use of electric vehicles, including buses, through various incentives and subsidies.

This has encouraged bus operators to invest in electric buses, leading to an increase in their availability and usage. Another trend in the market is the integration of smart technologies in buses, such as GPS tracking systems and real-time passenger information systems. These technologies improve the efficiency and convenience of bus services, making them more attractive to customers.

Local special circumstances in New Zealand have also contributed to the growth of the Buses market. The country has a relatively small population spread across a large geographical area, which makes public transportation, including buses, an important mode of travel. The government has been investing in improving the public transportation infrastructure, including the expansion and modernization of bus networks.

This has created opportunities for bus manufacturers and operators to cater to the growing demand for buses. Underlying macroeconomic factors have also played a role in the development of the Buses market in New Zealand. The country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending.

This has resulted in a higher demand for transportation services, including buses. Additionally, the government's focus on sustainable development and reducing carbon emissions has created a favorable environment for the growth of the electric bus market. In conclusion, the Buses market in New Zealand has been growing due to customer preferences for sustainable and comfortable transportation, trends such as the adoption of electric buses and smart technologies, local special circumstances such as the need for an efficient public transportation system, and underlying macroeconomic factors including economic growth and government initiatives.

This market is expected to continue to expand in the coming years as the demand for environmentally friendly and efficient transportation options continues to rise.

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.