Market Insights Mobility Commercial Vehicles

Buses - Qatar

Qatar

Qatar is projected to witness a significant growth in its Buses market, with unit sales expected to reach 105.00vehicles by 2024.
This growth is further expected to continue with an annual growth rate (CAGR 2024-2029) of 0.19%, resulting in a projected market volume of 106.00vehicles by 2029.
Moreover, it is interesting to note that the production of Buses market in Qatar is expected to reach 0.00 by 2029, highlighting the potential for substantial growth in this market.
When looking at the global perspective, it becomes evident that the in the United States will dominate the market, with projected sales of 116.30k vehicles units in 2024.
This demonstrates the significant demand for Buses market the in the United States, which further underscores the potential for growth in Qatar's market.
Qatar's bus market is experiencing a surge in demand due to the country's focus on enhancing public transportation infrastructure.

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Analyst Opinion

The Buses market in Qatar has experienced 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 Qatar have shifted towards more environmentally friendly and fuel-efficient vehicles.

With increasing concerns about climate change and air pollution, customers are looking for buses that have lower emissions and consume less fuel. This has led to a growing demand for electric and hybrid buses in the market. Additionally, customers are also seeking buses that offer enhanced safety features and improved comfort for passengers.

In terms of market trends, the Buses market in Qatar has witnessed a rise in the adoption of smart technologies. Bus manufacturers are incorporating advanced features such as GPS tracking, real-time passenger information systems, and automated fare collection systems in their vehicles. These technologies not only improve the overall efficiency of bus operations but also enhance the passenger experience.

Furthermore, there is a growing trend of customization in the market, with bus manufacturers offering a range of options and configurations to meet the specific requirements of different customers. Local special circumstances in Qatar have also played a role in the development of the Buses market. The country has been investing heavily in its public transportation infrastructure, including the expansion of bus networks and the construction of new bus terminals.

This has created a favorable environment for bus manufacturers and suppliers, as there is a growing need for buses to support the expanding public transportation system. Additionally, Qatar is set to host the FIFA World Cup in 2022, which has further boosted the demand for buses to cater to the transportation needs of the event. Underlying macroeconomic factors have also contributed to the growth of the Buses market in Qatar.

The country has a strong economy and a high per capita income, which has increased the affordability of buses for both individuals and businesses. Furthermore, the government has implemented favorable policies and incentives to promote the use of public transportation, which has further stimulated the demand for buses. Additionally, the country's strategic location and well-developed logistics infrastructure have made it a hub for transportation and logistics activities, driving the demand for buses for both domestic and international purposes.

Overall, the Buses market in Qatar is witnessing significant growth due to customer preferences for environmentally friendly and technologically advanced vehicles, market trends towards smart technologies and customization, local special circumstances such as infrastructure development and the upcoming FIFA World Cup, and underlying macroeconomic factors including a strong economy and government support for public transportation.

Methodology

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.