Buses - Southern Africa | Statista Market Forecast

In Southern Africa, the Buses market is projected to reach 590.00vehicles unit sales by 2024.
The market is expected to demonstrate a compound annual rate (CAGR 2024-2030) of 3.59%, resulting in a projected market volume of 729.00vehicles units by 2030.
It is worth noting that the production of Buses market in Southern Africa is expected to reach 957.00vehicles units by 2030, indicating the potential for significant growth in the market.
From an international perspective, it is noteworthy that the China is projected to have the highest sales volume of 537.50k vehicles units in 2024.
In Southern Africa, the demand for electric buses is growing rapidly, as countries like South Africa and Zimbabwe prioritize 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 Southern Africa 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 Southern Africa have been shifting towards more fuel-efficient and environmentally friendly vehicles.

As awareness about climate change and sustainability increases, customers are opting for buses that have lower emissions and better fuel efficiency. This trend is also influenced by government regulations and incentives that promote the use of cleaner vehicles. Additionally, customers are increasingly looking for buses with advanced safety features and comfortable interiors, which further drive the demand for newer models in the market.

In terms of market trends, the Buses market in Southern Africa is witnessing a shift towards electric and hybrid buses. This trend is driven by the need to reduce carbon emissions and dependence on fossil fuels. Electric and hybrid buses offer a more sustainable and cost-effective alternative to traditional diesel buses.

Furthermore, advancements in battery technology and infrastructure development for electric vehicles are making these buses more viable and attractive to customers. Local special circumstances in Southern Africa, such as rapid urbanization and population growth, also contribute to the growth of the Buses market. As cities expand and populations increase, there is a greater demand for public transportation, including buses.

Governments and local authorities are investing in the development of public transportation systems to improve mobility and reduce congestion. This creates opportunities for bus manufacturers and suppliers to meet the growing demand for buses in the region. Underlying macroeconomic factors, such as economic growth and infrastructure development, play a significant role in the development of the Buses market in Southern Africa.

As economies in the region continue to grow, there is a greater need for transportation infrastructure to support economic activities. This includes the construction of new roads, highways, and public transportation systems. The demand for buses is closely linked to the level of infrastructure development in a country or region.

Therefore, as infrastructure projects are undertaken and completed, the demand for buses is expected to increase. In conclusion, the Buses market in Southern Africa is developing in response to customer preferences for fuel-efficient and environmentally friendly vehicles, market trends towards electric and hybrid buses, local special circumstances such as rapid urbanization, and underlying macroeconomic factors such as economic growth and infrastructure development. These factors collectively contribute to the growth and expansion of the Buses market in Southern Africa.

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.