Buses - Southern Europe | Statista Market Forecast

The Buses market in Southern Europe is anticipated to witness a significant increase in unit sales, with projections estimating a figure of 21.70k vehicles by the year 2024.
Moreover, this market is expected to exhibit a compound annual rate of 2.20% from 2024 to 2030, resulting in a projected market volume of 24.72k vehicles by 2030.
This growth in unit sales highlights the potential expansion of the Buses market in the region.
Furthermore, the production of Buses market is predicted to reach 25.52k vehicles in 2030, further emphasizing the potential for growth in this market.
From a global perspective, it is worth noting that a significant portion of these unit sales is expected to occur the China, with an estimated figure of 537.50k vehicles units sold in 2024.
This highlights the dominance of the United States in the Buses market on an international scale.
The demand for electric buses is growing rapidly in Southern Europe, with countries like Spain and Italy leading the way in adopting 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 Europe is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trend.

Customer preferences in Southern Europe are shifting towards more sustainable and environmentally friendly modes of transportation. As a result, there is a growing demand for buses that run on alternative fuels such as electricity or natural gas. Customers are also looking for buses that offer comfort, safety, and advanced technology features.

This includes amenities such as Wi-Fi connectivity, USB charging ports, and improved seating arrangements. Trends in the market show that there is an increasing focus on the modernization and expansion of public transportation systems in Southern European countries. Governments are investing in infrastructure projects to improve the efficiency and reliability of bus networks.

This includes the construction of new bus terminals, the implementation of smart ticketing systems, and the introduction of bus rapid transit (BRT) systems. These trends are driving the demand for new buses and creating opportunities for bus manufacturers and suppliers. Local special circumstances in Southern Europe also contribute to the development of the bus market.

The region has a dense population and urban areas with high traffic congestion. This makes buses an attractive mode of transportation for both commuters and tourists. Additionally, Southern European countries have a strong tourism industry, with millions of visitors each year.

Buses play a crucial role in providing transportation services for tourists, further boosting the demand for buses in the region. Underlying macroeconomic factors further support the growth of the bus market in Southern Europe. The region has been recovering from the economic downturn in recent years, leading to increased consumer spending and investment in infrastructure projects.

Additionally, government initiatives and incentives are encouraging the adoption of sustainable transportation solutions, including buses. These factors create a favorable business environment for bus manufacturers and suppliers in Southern Europe. In conclusion, the Buses market in Southern Europe is developing due to customer preferences for sustainable and technologically advanced buses, trends in the market towards modernization and expansion of public transportation systems, local special circumstances such as population density and tourism, and underlying macroeconomic factors including economic recovery and government initiatives.

The future of the bus market in Southern Europe looks promising, with opportunities for growth and innovation.

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.