Buses - Ukraine | Statista Market Forecast

In Ukraine, the Buses market is projected to achieve unit sales of 5.60k vehicles by the year 2024.
These sales are anticipated to exhibit a compound annual rate of 2.59% (CAGR 2024-2030), resulting in a projected market volume of 6.53k vehicles by 2030.
This growth in unit sales could potentially signify the market's expansion.
From an international standpoint, the China is expected to dominate the market, with sales reaching 537.50k vehicles units in 2024.
The demand for electric buses in Ukraine is steadily increasing as the government encourages 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 Ukraine has been experiencing steady growth in recent years, driven by customer preferences for reliable and efficient transportation options. Customer preferences in the Buses market in Ukraine are focused on several key factors.

Firstly, customers prioritize reliability and durability, as buses are often used for long-distance travel and need to withstand frequent use. Additionally, fuel efficiency is a key consideration, as customers look for buses that can provide cost-effective transportation solutions. Finally, customers also value safety features, such as advanced braking systems and comfortable seating arrangements.

One trend in the Buses market in Ukraine is the increasing demand for electric and hybrid buses. This trend is driven by a global shift towards more sustainable transportation options and the Ukrainian government's efforts to reduce carbon emissions. Electric and hybrid buses offer lower operating costs and reduced environmental impact, making them an attractive option for both public and private transportation providers.

Another trend in the Buses market in Ukraine is the growing popularity of mini-buses and shuttle services. These smaller buses are more flexible and can navigate through narrow streets and congested areas, making them ideal for urban transportation. The rise of ride-sharing platforms and the increasing demand for personalized transportation services have also contributed to the growth of mini-buses and shuttle services.

Local special circumstances in Ukraine also play a role in the development of the Buses market. The country's large population and vast territory create a need for efficient and reliable transportation options. Additionally, the ongoing modernization of Ukraine's infrastructure, including the improvement of roads and highways, has further increased the demand for buses.

Underlying macroeconomic factors also contribute to the development of the Buses market in Ukraine. The country's stable economic growth and rising disposable incomes have increased the affordability of buses for both individuals and businesses. Furthermore, government initiatives to support the development of the transportation sector, such as subsidies for bus operators and incentives for the purchase of eco-friendly vehicles, have also stimulated market growth.

Overall, the Buses market in Ukraine is experiencing growth due to customer preferences for reliable and efficient transportation options, the increasing demand for electric and hybrid buses, the popularity of mini-buses and shuttle services, local special circumstances, and underlying macroeconomic factors.

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.