Buses - Zimbabwe | Statista Market Forecast

The Buses market in Zimbabwe is anticipated to achieve unit sales of 9.00vehicles by 2024.
This projection indicates a potential annual growth rate of -1.94% (CAGR 2024-2030), leading to a market volume of 8.00vehicles by 2030.
The expected production of Buses market in Zimbabwe is estimated to reach 0.00 by 2030, highlighting the market's growth potential.
From a global standpoint, the majority of sales in 2024 are expected to be the China, with a figure of 537.50k vehicles units.
Despite economic challenges, Zimbabwe is witnessing a growing demand for buses in the commercial vehicles market due to increased investments in 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.

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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 Zimbabwe 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 Zimbabwe have been shifting towards more fuel-efficient and environmentally friendly vehicles.

This is in line with global trends, as customers increasingly prioritize sustainability and cost-effectiveness. As a result, there has been a growing demand for electric and hybrid buses in Zimbabwe, as well as buses with improved fuel efficiency. Customers are also seeking buses with advanced safety features and comfortable interiors.

In terms of market trends, the Buses market in Zimbabwe has witnessed a rise in the adoption of smart technologies. Bus manufacturers are incorporating features such as GPS tracking, Wi-Fi connectivity, and multimedia systems to enhance the overall passenger experience. These technological advancements not only attract customers but also improve operational efficiency for bus operators.

Local special circumstances in Zimbabwe have also played a role in the development of the Buses market. The country has been experiencing rapid urbanization, leading to increased demand for public transportation. This has created opportunities for bus manufacturers and operators to expand their services and cater to the growing population.

Additionally, Zimbabwe has been investing in the development of its transportation infrastructure, including road networks and bus terminals, which further supports the growth of the Buses market. Underlying macroeconomic factors have also contributed to the development of the Buses market in Zimbabwe. The country has been witnessing economic stability and gradual recovery, which has increased consumer purchasing power.

This has resulted in a higher demand for buses, both for public transportation and private use. Furthermore, government initiatives and policies aimed at promoting sustainable transportation have incentivized the adoption of buses, driving market growth. In conclusion, the Buses market in Zimbabwe is experiencing growth due to customer preferences for fuel-efficient and technologically advanced vehicles, market trends towards smart technologies, local special circumstances such as urbanization and infrastructure development, and underlying macroeconomic factors such as economic stability and government initiatives.

These factors collectively contribute to the positive development of the Buses market in Zimbabwe.

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.