Saudi Arabia bus market was valued
around USD1.6 billion in 2018 and is projected to grow at CAGR of around 10%
during the forecast period on account of growing inclination of the population
towards public transportation. Furthermore, as part of the Saudi Vision 2030,
the country is planning to promote and enhance public transport in the country,
which is anticipated to positively influence the market growth over the coming
years.
Saudi Arabia bus market can be
segmented based on bus length, seating capacity, fuel type, application and region.
In terms of seating capacity, 30-40 is the preferred segment on account of easy
boarding, even with a stroller or wheelchair. Additionally, it can easily store
large volumes of luggage. Based on fuel type, diesel is the dominant fuel type
due to its low price in the country. However, increasing emphasis by the governments on clean energy public
transportation, share of electric & hybrid bus is expected to increase over
the coming years. Furthermore, increasing air pollution and reducing cost of
batteries are expected to have a positive impact on the market growth of
electric & hybrid buses in the country. Based on application, transit bus
segment is expected to grow at the highest rate as public bus operators are
upgrading bus fleets to reduce fuel and emission costs, while enhancing the
riding experience.
Major players operating in the Saudi
Arabia bus market include 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, etc. The key players in the market
are investing in research & development activities to manufacture
technologically advanced buses and increase their market share.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of Saudi
Arabia bus market.
- To classify and forecast Saudi Arabia bus market based
on bus length, seating capacity, fuel type, application and regional distribution.
- To identify drivers and challenges for Saudi
Arabia bus market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia bus market.
- To conduct the pricing analysis for Saudi
Arabia bus market.
- To identify and analyze the profile of leading players involved in
the Saudi Arabia bus market.
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TechSci Research performed
both primary as well as exhaustive secondary research for this study.
Initially, TechSci Research sourced a list of manufacturers across the region.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major manufacturers across the region.
TechSci Research calculated the market size of Saudi Arabia bus market using a bottom-up approach, where data for various end-user segments
was recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key Target
Audience:
- Bus manufacturers, suppliers,
distributors and other stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to bus market
- Market research and
consulting firms
The
study is useful in providing answers to several critical questions that are
important for the industry stakeholders such as manufacturers, suppliers, and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Saudi Arabia bus market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Bus
Length:
- 6-8 m
- 8-10 m
- 10-12 m
- Above 12 m
- Market, By Seating
Capacity:
o
15-30
o
30-40
o
40-50
o
Above
50
·
Market, By Fuel Type:
o Diesel
o Petrol/Gasoline
o CNG
o Electric & Hybrid
·
Market, By Application:
o Transit Buses
o Motor Coaches
o School Buses/Others
·
Market, By Region:
o Western
o Northern & Central
o Eastern
o Southern
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in Saudi Arabia bus market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
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