Global Bus Market 2024

Bus Market Size

The global bus market reached $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Bus Production

In value terms, bus production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Bus Exports

Exports

In 2022, overseas shipments of public-transport type passenger motor vehicles increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a slight curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the global exports remained at a lower figure.

In value terms, bus exports expanded notably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the global exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units), distantly followed by Japan (X units), Turkey (X units), the United States (X units), South Korea (X units), Poland (X units) and Germany (X units) were the major exporters of public-transport type passenger motor vehicles, together achieving X% of total exports. The United Arab Emirates (X units), the Czech Republic (X units), Canada (X units), France (X units), the Netherlands (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bus exports from China stood at X%. At the same time, the United Arab Emirates (X%), France (X%), the Netherlands (X%), the Czech Republic (X%), Turkey (X%), Poland (X%) and Canada (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Belgium (X%), Germany (X%), Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the United Arab Emirates (X p.p.), Turkey (X p.p.), the Czech Republic (X p.p.), France (X p.p.) and Poland (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Turkey ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Poland, the Czech Republic, the United States, Germany, Belgium, Canada, France, South Korea, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average bus export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced more modest paces of growth.

Bus Imports

Imports

After two years of decline, overseas purchases of public-transport type passenger motor vehicles increased by X% to X units in 2022. Overall, imports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Global imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, bus imports expanded notably to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of public-transport type passenger motor vehicles, namely Qatar, the United Arab Emirates, Germany, France, Spain, Chile, Italy, Russia, Thailand, Canada, the Netherlands and Israel, represented more than third of total import. The United States (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bus importing markets worldwide were France ($X), Germany ($X) and Italy ($X), together comprising X% of global imports. Chile, Spain, the United States, Canada, the United Arab Emirates, the Netherlands, Israel, Qatar, Russia and Thailand lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average bus import price stood at $X per unit in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Global import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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