Saudi Arabia Bus Market By Bus Length Market Share Analysis (Small (Up to 8 m), Small Medium (8m- 10m), High Medium (10m-12m), High (Above 12m), By Fuel Type Market Share Analysis (Diesel, Petrol, CNG, Others), By Application Type Market Share Analysis (Inter City, Intra City, School Bus & Others), By Region, Competition, Forecast and Opportunities, 2028F

  • Industry : Automotive
  • Pages : 82
  • Published Date : March, 2023
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Summary

Report Description

Saudi Arabia Bus Market was valued at USD 666.31 million in 2022 and forecasted to grow at a CAGR of 7.38% to reach USD 1,029.32 million in the year 2028.

A bus is a form of motorized vehicle with large motor and long length compared to other vehicles. The bus has seats and benches for the passengers, usually operates as part of a scheduled services for intercity and intracity travels. The government of Saudi Arabia is constantly investing in expanding the nation's bus network, which will enable citizens to travel readily throughout the country using public transportation options. The country's public transportation facility supplier, Saptco, is expanding its bus fleet each year, and demand for buses is rising because of the expansion of the institutional sector of the economy. Additionally, SAPTCO runs intercity bus services across the nation, offering a wider network than train travels. Buses typically cost less and have frequent run periods. As a result, the Saudi Arabian Bus Market is further boosted by the usage of buses.

Increase in Tourism in the Country

Every year around 20 million tourists visit Saudi Arabia, generating around USD 5.96 billion revenue. Also, Saudi Arabia is a religious place which has two main cities, Mecca and Medina, where people come in larger number for worshipping, buses are better option for tourist who travel intercity and intracity. The government of Saudi Arabia has provided government bus services for the devotees which come to visit these cities to help bus service tourist and making it easy to travel around the different cities in the country. There has been a surge in sales of buses in the past few years due to growth in the tourism sector, the corporate sector has high demand for the buses as many companies offer transportation facilities to their employees. Owing to the ease of transmission and riding comforts, numerous people have started relying on buses for transportation in the country. Such buses are found to be convenient for use by women and old age people employed in corporate sector since they are occupied into continuously variable transmission (CVT), have additional space, comfort of foot resting area, etc. In addition to that, bus manufacturing brands like Mercedes-Benz AG, TATA Motors Limited, Zhongtong Bus Holding Co., Ltd, AB Volvo, etc. are launching their models in this segment and hence this is expected to fuel the growth of bus market in Saudi Arabia.

Increase in Electric and Hybrid Technology in Bus

Increase in electric and hybrid technology is driving the demand for zero-emission buses gradually. With changing technology advancements, global automotive manufacturers are providing better features and specifications available for the passengers, such as electric and hybrid bus vehicles. Bus manufacturers, such as Mercedes-Benz AG and Anhui Ankai Automobile Co., Ltd., Scania AB, etc. are investing in electric engines to make them future ready for daily passengers who travel by bus. Bus owners have started preferring zero-emission buses gradually over the ICE (Internal Combustion Engine) buses due to better functioning and less maintenance cost. Bus fleet owners are expelling out their older buses with IC engines and are purchasing new zero-emission vehicles generously, this trend is expected to increase the demand of buses in the forthcoming years.

Growing Penetration of Chinese Brands

In Saudi Arabia the buses offered by the Chinese brands are at a comparatively cheaper price with all the same features compared to other bus brands in Saudi Arabia. Nowadays, Chinese brands offer better quality and features that a bus needs, such as steering adjustment, sun visor, mobile charging points, and stability at high speeds, etc., which are mandatory for safe driving on the roads. Companies like Zhongtong Bus Holding Co., Ltd, MAN SE, etc. provide buses which are equipped with the latest technology and many school and corporates offices interestingly order for these buses in high numbers. Moreover, Chinese buses manufacturers have their prominent dealers in the country, they have a strong client base which has increased the demand for the Chinese brand buses in the country, such brands are gaining penetration and popularity in the country and hence, are aiding the growth of Saudi Arabia Bus Market throughout the country.


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Market Segmentation

The Saudi Arabia Bus Market is segmented based on bus length, fuel type, application, and region. Based on bus length the market is fragmented into (small (up to 8 m), small medium (8 m - 10 m), high medium (10 m - 12 m), high (above 12 m). Based on fuel type the market is divided into Diesel, Petrol, CNG, and others. Based on application, the market is divided into inter-city, intra-city, school bus & others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among northern & central region, Western region, Eastern region, Southern region.

Company Profiles

Mercedes-Benz AG (Juffali Commercial Vehicles), TATA Motors Limited (Manahil International Company), Hyundai Motors Company (Mohamed Yousuf Naghi & Brother Group), Zhongtong Bus Holding Co., Ltd (Zahran operation & Maintenance), MAN SE (Haji Husein Alireza & CO), Anhui Ankai Automobile Co., Ltd. (Hafil transport Company), Scania AB (General Contracting Company), AB Volvo (Zahid Tractor & H.M Co. Ltd), Ashok Leyland Limited (AG Auto), Eicher Motors Limited (Arabian Truck& Construction Equipment Co), etc. are among the top players operating in the Saudi Arabia Bus Market.

Attribute

Details

Revenue in 2022

USD 666.31 Million

Growth rate

7.38%

Revenue Forecast in 2028

USD 1,029.32 Million

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Bus Length

By Fuel Type

By Application

By Region

By Company

Region Scope

Northern & Central, Western, Eastern, Southern 

Key Companies Profiled

Mercedes-Benz AG (Juffali Commercial Vehicles), TATA Motors Limited (Manahil International Company), Hyundai Motors Company (Mohamed Yousuf Naghi & Brother Group), Zhongtong Bus Holding Co., Ltd (Zahran operation & Maintenance), MAN SE (Haji Husein Alireza & CO), Anhui Ankai Automobile Co., Ltd. (Hafil transport Company), Scania AB (General Contracting Company), AB Volvo (Zahid Tractor & H.M Co. Ltd), Ashok Leyland Limited (AG Auto), Eicher Motors Limited (Arabian Truck& Construction Equipment Co.)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

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:

1.    Saudi Arabia Bus Market, By Bus Length Type:

o   (Small (Up to 8 m)

o   Small Medium (8 m - 10 m)

o   High Medium (10 m - 12 m)

o   High (Above 12 m)

2.    Saudi Arabia Bus Market, By Fuel Type:

o   Diesel

o   Petrol

o   CNG

o   Others

3.    Saudi Arabia Bus Market, By Application:

o   Inter City

o   Intra City

o   School Bus & Others

4.    Saudi Arabia Bus Market, By Region 

o   Northern & Central Region

o   Western Region

o   Eastern Region

o   Southern Region  

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).

Saudi Arabia Bus Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Data Triangulation & Validation

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Saudi Arabia Bus Market

4.1.  Key Segments Impacted

4.2.  Key Regions Impacted

5.    Voice of Customer Analysis

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Challenges & Unmet Needs  

6.    Saudi Arabia Bus Market Outlook, 2018-2028

6.1.  Market Size & Forecast

6.1.1.     By Volume & Value

6.2.  Market Share & Forecast

6.2.1.     By Bus Length Market Share Analysis (Small (Up to 8 m), Small Medium (8 m 10 m), High Medium (10 m - 12 m), High (Above 12 m)

6.2.2.     By Fuel Type Market Share Analysis (Diesel, Petrol, CNG, Others)

6.2.3.     By Application Market Share Analysis (Inter City, Intra City, School Bus & Others)

6.2.4.     By Regional Market Share Analysis (Northern & Central Region, Western Region, Eastern Region, Southern Region)

6.2.5.     By Company (2022)

6.3.  Saudi Arabia Bus Market Mapping & Opportunities Assessment

6.3.1.               By Bus Length Market Mapping & Opportunity Assessment  

6.3.2.               By Fuel Type Market Mapping & Opportunity Assessment

6.3.3.               By Application Market Mapping & Opportunity Assessment

6.3.4.               By Regional Market Mapping & Opportunity Assessment

7.    Saudi Arabia Small Bus Market Outlook, 2018-2028F

7.1.  Market Size & Forecast

7.1.1.     By Volume and Value

7.2.  Market Share & Forecast

7.2.1.     By Fuel Type Market Share Analysis

7.2.2.     By Application Market Share Analysis

8.    Saudi Arabia High Medium Market Outlook, 2018-2028F

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By Fuel Type Market Share Analysis

8.2.2.     By Application Market Share Analysis

9.     Saudi Arabia High Bus Market Outlook, 2018-2028F

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By Fuel Type Market Share Analysis

9.2.2.     By Application Market Share Analysis

10.  Market Dynamics

10.1.              Market Drivers

10.2.              Market Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Saudi Arabia Economic Profile

14.  Competitive Landscape

14.1.              Company Profiles (Up to 10 leading companies)

14.1.1.  Mercedes-Benz AG (Juffali Commercial Vehicles)

14.1.1.1.      Company Details

14.1.1.2.      Products & Services

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Development

14.1.1.5.      Key Management Personnel

14.1.2.  TATA Motors Limited (Manahil International Company)  

14.1.2.1.      Company Details

14.1.2.2.      Products & Services

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Development

14.1.2.5.      Key Management Personnel

14.1.3.  Hyundai Motors Company (Mohamed Yousuf Naghi & Brother Group)

14.1.3.1.      Company Details

14.1.3.2.      Products & Services

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Development

14.1.3.5.      Key Management Personnel

14.1.4.  Zhongtong Bus Holding Co., Ltd (Zahran operation & Maintenance)

14.1.4.1.      Company Details

14.1.4.2.      Products & Services

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Development

14.1.4.5.      Key Management Personnel

14.1.5.  MAN SE (Haji Husein Alireza & CO)

14.1.5.1.      Company Details

14.1.5.2.      Products & Services

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Development

14.1.5.5.      Key Management Personnel

14.1.6.  Anhui Ankai Automobile Co., Ltd. (Hafil transport Company)

14.1.6.1.      Company Details

14.1.6.2.      Products & Services

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Development

14.1.6.5.      Key Management Personnel

14.1.7.  Scania AB (General Contracting Company)

14.1.7.1.      Company Details

14.1.7.2.      Products & Services

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Development

14.1.7.5.      Key Management Personnel

14.1.8.  AB Volvo (Zahid Tractor & H.M Co. Ltd)

14.1.8.1.      Company Details

14.1.8.2.      Products & Services

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Development

14.1.8.5.      Key Management Personnel

14.1.9.  Ashok Leyland Limited (AG Auto)

14.1.9.1.      Company Details

14.1.9.2.      Products & Services

14.1.9.3.      Financials (As Per Availability)

14.1.9.4.      Recent Development

14.1.9.5.      Key Management Personnel

14.1.10.                Eicher Motors Limited (Arabian Truck& Construction Equipment Co.)

14.1.10.1.    Company Details

14.1.10.2.    Products & Services

14.1.10.3.    Financials (As Per Availability)

14.1.10.4.    Recent Development

14.1.10.5.    Key Management Personnel

15.  Strategic Recommendations/Action Plan

16.  About Us & Disclaimer

17.  List Of Figure 

Figures and Tables

Figure 1:           Saudi Arabia Bus Market Size, By Volume (Thousand Units) and By Value (USD Million), 2018-2028F

Figure 2:           Saudi Arabia Bus Market Share, By Bus Length, By Volume, 2018–2028F

Figure 3:           Saudi Arabia Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 4:           Saudi Arabia Bus Market Share, By Application Type, By Volume, 2018–2028F

Figure 5:           Saudi Arabia Bus Market Share, By Region, By Volume, 2018 & 2028F

Figure 6:           Saudi Arabia Bus Market Map, By Bus Length, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 7:           Saudi Arabia Bus Market Map, By Fuel Type, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 8:           Saudi Arabia Bus Market Map, By Application Type, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 9:           Saudi Arabia Bus Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%), 2022

Figure 10:         Saudi Arabia Small Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 11:         Saudi Arabia Small Bus Market Size, By Value (USD Million), 2018-2028F

Figure 12:         Saudi Arabia Small Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 13:         Saudi Arabia Small Bus Market Share, By Application Type, By Volume, 2018–2028F

Figure 14:         Saudi Arabia High Medium Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 15:         Saudi Arabia High Medium Bus Market Size, By Value (USD Million), 2018-2028F

Figure 16:         Saudi Arabia High Medium Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 17:         Saudi Arabia High Medium Bus Market Share, By Application Type, By Volume, 2018–2028F

Figure 18:         Saudi Arabia High Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 19:         Saudi Arabia High Bus Market Size, By Value (USD Million), 2018-2028F

Figure 20:         Saudi Arabia High Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 21:         Saudi Arabia High Bus Market Share, By Application Type, By Volume, 2018–2028F

Figure 22:         Saudi Arabia Small Medium Bus Market Size, By Volume (Thousand Units), 2018-2028F

Figure 23:         Saudi Arabia Small Medium Bus Market Size, By Value (USD Million), 2018-2028F

Figure 24:         Saudi Arabia Small Medium Bus Market Share, By Fuel Type, By Volume, 2018–2028F

Figure 25:         Saudi Arabia Small Medium Bus Market Share, By Application Type, By Volume, 2018–2028F

(Note: The companies list can be customized based on the client requirements.)

Frequently asked questions

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The Saudi Arabia bus market stood around USD 666.31 million in the year 2022. And the market is expected to grow by USD 1029.32 million in the year 2028F.

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The Saudi Arabia Bus Market is witnessing high demand due to increase in demand of buses from schools and corporate sectors for the transportation of their employees.

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One of the main challenges for the Saudi Arabia Bus Market is the market being highly import driven market.

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Mercedes-Benz AG (Juffali Commercial Vehicles), TATA Motors Limited (Manahil International Company), Hyundai Motors Company (Mohamed Yousuf Naghi & Brother Group), Zhongtong Bus Holding Co., Ltd (Zahran operation & Maintenance), MAN SE (Haji Husein Alireza & CO) is some of the top players in the Saudi Arabia Bus Market.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Saudi Arabia Bus Market is forecasted to grow USD 1,029.32 million by 2028

Mar, 2023

Rise in demand for the buses from the corporate sector and the increase in tourism in the country has increase the demand for the buses which is driving the Saudi Arabia bus market.

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