Buses - Zambia | Statista Market Forecast

The Buses market in Zambia is projected to reach a unit sales of 16.00vehicles by 2024.
This signifies the estimated number of Buses market that will be sold in the country during that year.
Furthermore, it is expected that the unit sales will exhibit a compound annual rate of -3.40% between 2024 and 2030, resulting in a projected market volume of 13.00vehicles by 2030.
This indicates the potential expansion of the Buses market in Zambia over the specified time period.
Moreover, the production of Buses market in Zambia is expected to reach 0.00 by 2030.
This figure demonstrates the maximum growth potential of the Buses market in the country.
It suggests that the market has the capacity to grow further in terms of production.
Looking at the international perspective, it is revealed that the China is anticipated to have the highest sales volume in 2024, with 537.50k vehicles units.
This data highlights the significance of the US market in the global context of the Buses market industry.
In Zambia, the demand for buses in the commercial vehicles market is being driven by the government's initiatives to improve public transportation infrastructure.

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.

For further information on the displayed data, refer to the info button on the right-hand side of each box.

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 Zambia is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory.

Customer preferences in the Buses market in Zambia are shifting towards more modern and comfortable buses. Customers are increasingly looking for buses that offer amenities such as air conditioning, comfortable seating, and entertainment systems. This trend is driven by the rising disposable income of Zambian consumers and their desire for a more comfortable and enjoyable travel experience.

In addition to customer preferences, several trends are shaping the Buses market in Zambia. One notable trend is the growing demand for intercity bus services. As urbanization and economic development continue to progress in the country, more people are traveling between cities for work, education, and leisure.

This has created a need for reliable and efficient intercity bus services, leading to an increase in the number of buses operating on these routes. Another trend in the market is the adoption of environmentally friendly buses. As global concerns about climate change and air pollution increase, there is a growing demand for buses that run on clean energy sources, such as electricity or natural gas.

This trend is also driven by government initiatives to reduce carbon emissions and promote sustainable transportation options. Local special circumstances also play a role in the development of the Buses market in Zambia. The country's infrastructure, particularly its road network, is undergoing significant improvements.

This includes the construction and rehabilitation of roads, which has made travel by bus more accessible and convenient. Additionally, the government has implemented policies to encourage private investment in the transportation sector, creating opportunities for bus operators to expand their services. Underlying macroeconomic factors further contribute to the growth of the Buses market in Zambia.

The country's economy has been growing steadily in recent years, driven by sectors such as mining, agriculture, and construction. This has resulted in an increase in disposable income and improved living standards, allowing more people to afford bus travel. Furthermore, the government's focus on infrastructure development and urbanization has created a conducive environment for the expansion of the Buses market.

In conclusion, the Buses market in Zambia is experiencing growth and development due to customer preferences for modern and comfortable buses, the increasing demand for intercity bus services, the adoption of environmentally friendly buses, local special circumstances such as infrastructure improvements and government policies, and underlying macroeconomic factors such as economic growth and urbanization. These factors are driving the expansion of the market and creating opportunities for bus operators in Zambia.

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.