Growing population and
rising urbanization coupled with increasing demand for electric & CNG buses
is expected to drive Saudi Arabia bus market through 2024
According
to TechSci Research report, “Saudi Arabia Bus Market By Bus Length, By
Seating Capacity, By Fuel Type, By Application, Competition, Forecast &
Opportunities, 2024”, the bus market in Saudi Arabia
was valued close to $ 1.6 billion in 2018 and is forecast to register a double
digit CAGR over the coming years. This is due to the reason that buses are the
only means of public transport in some of the cities in Saudi Arabia.
Increasing demand for public transportation among growing population and
worsening traffic congestion are other reasons for the growth of bus market in
the country. Also, the government of Saudi Arabia is focusing on manufacturing
buses locally in order to create employment opportunities and to save import
costs, thereby boosting the domestic industry.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on
"Mexico Bus Market
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Saudi Arabia bus market can be segmented based on bus length, seating
capacity, fuel type, application and region. Based on the bus length, market
can be segregated into 6-8 m, 8-10 m, 10-12 m and above 12 m. 10-12 m segment
is anticipated to dominate the market owing to the preference for medium and
large buses by the public transport authority. In terms of application, transit
bus segment is expected to grow at the highest rate due to increasing
investment in the public transit network by the government to solve the issue
of overcrowding.
Customers can also
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Toyota
Motor Corporation, Daimler AG, Hyundai Motor Company, Zhengzhou Yutong Bus Co.,
Ltd., Beiqi Foton Motor Co., Ltd., Mitsubishi Motors Corporation, Tata Motors
Limited, King Long United Automotive Industry Co., Ltd., MAN Truck & Bus AG,
among others are the leading players operating in the Saudi Arabia bus market. The
companies operating in the market are using strategies such as product launches
and investing in research & development to increase their share in the
country.
“In terms of fuel type, diesel
dominated the Saudi Arabia bus market in 2018 and the trend is expected to
continue over the forecast period as well. However, on account of increasing
focus of the government on increasing the number of Umrah and Haj pilgrims by
providing efficient, clean and reliable transportation, market share of
electric & hybrid bus is expected to increase through 2024.”, said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Saudi Arabia Bus Market By Bus Length, By Seating
Capacity, By Fuel Type, By Application, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of Saudi Arabia bus market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers to take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the Saudi Arabia bus market.
Global Light Commercial Vehicle Market By
Vehicle Type (Passenger Van, Cargo Van, Pickup Truck, Truck & Mini Bus), By
Tonnage Capacity (Below 2.5-3.5 Tons, 3.5-6 Tons, 6-7.5 Tons), By Fuel Type
(Diesel, Petrol & Others), By Region, Competition, Forecast &
Opportunities, 2024
Global Electric Bus Market By Seating
Capacity (Up to 30-Seater; 31-40 Seater; 41-50 Seater; & Above 50), By
Battery Type (Lead Acid & Lithium Ion), By Application (Intercity;
Intracity; & Airport Bus), By Bus Length (6-8m; 9-12m; & Above 12m), By
Region, Competition, Forecast & Opportunities, 2024
India Electric Bus Market By Seating
Capacity (Up to 30 Seater; 31-40 Seater; Above 40), By Battery Type (Lead Acid
and Lithium Ion), By Application (Intercity; Intracity; Airport Bus), By Bus
Length (6-8m; 9-12m; Above 12m), Competition Forecast & Opportunities,
2017-2024
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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