Saudi Arabia Bus Market Forecast & Opportunities, 2025
Posted by arshiyashaikh on December 22nd, 2020
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “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, Petrol, CNG, Others), By Application (Transit Buses, Motor Coaches & School Buses), Competition, Forecast & Opportunities, 2025” under Automotive category. The Saudi Arabia Bus Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia 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.
Saudi Arabia bus market can be segment
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Based on fuel type, diesel segment led the Saudi Arabia 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.
Major players operating in the Saudi Arabia 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:
Objective of the Study:
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of manufacturers across the region. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the manufacturers which could not be identified due to the limitations of secondary research. Our Research analyzed the product offerings, distribution channels and presence of all major manufacturers across the region.
Our 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. Our 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 Our Research.
Key Target Audience:
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.
Browse our full report with Table of Contents: http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-bus-market-by-bus-length-up-to-8-m-8-10-m-10-12-m-above-12-m-by-seating-capacity-15-30-30-40-40/2256990
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About the Authorarshiyashaikh
Joined: February 5th, 2019
Articles Posted: 552
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