DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Bus Market, by Bus Length (Up to 8 M, 8-10 M, 10-12 M, & Above 12 M), by Seating Capacity (15-30, 30-40, 40-50 & Above 50), by Fuel Type (Diesel, CNG, Others), by Application (Transit Buses, Motor Coaches & School Buses), Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabian Bus Market was valued around USD 13.51 Billion in 2019 and is projected to grow at CAGR of 8.52% 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.
The Saudi Arabian Bus Market can be segmented based on bus length, seating capacity, fuel type, application and region. In terms of seating capacity, the market can be segregated into 15-30, 30-40, 40-50 and above 50. Among these, 30-40 segment dominated the market as it 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 segment led the Saudi Arabian Bus Market with share of 71.84% in 2019 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 Arabian Bus Market include Mercedes Benz AG, MAN SE, Scania AB, Tata Motors Limited, Hyundai Motors Company, AB Volvo, Eicher Motors Limited, Mitsubishi Fuso Truck and Bus Corporation, Ashok Leyland Limited and Alexander Dennis Limited (ADL).
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: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2025
Report Scope:
In this report, the Saudi Arabian Bus Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Bus Length:
- Up to 8 M
- 8-10 M
- 10-12 M
- Above 12 M
Market, By Seating Capacity:
- 15-30
- 30-40
- 40-50
- Above 50
Market, By Fuel Type:
- Diesel
- Petrol/Gasoline
- CNG
- Electric & Hybrid
Market, By Application:
- Transit Buses
- Motor Coaches
- School Buses
Market, By Region:
- Western
- Northern & Central
- Eastern
- Southern
Companies Mentioned
- Mercedes Benz AG
- MAN SE
- Scania AB
- Tata Motors Limited
- Hyundai Motors Company
- AB Volvo
- Eicher Motors Limited
- Mitsubishi Fuso Truck and Bus Corporation
- Ashok Leyland Limited
- Alexander Dennis Limited (ADL)
For more information about this report visit https://www.researchandmarkets.com/r/9r4l2
