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Saudi Arabia Bus (KSA) Market Share, Size, Trends, Industry Analysis Report, By Type (Single Deck, Double Deck); By Application, By Fuel Type; By Capacity; Segment Forecast, 2023 - 2032

Publisher Polaris Market Research & Consulting LLP
Published Aug 23, 2023
Length 114 Pages
SKU # PLRS18181694

Description

Saudi Arabia Bus (KSA) Market Share, Size, Trends, Industry Analysis Report, By Type (Single Deck, Double Deck); By Application, By Fuel Type; By Capacity; Segment Forecast, 2023 - 2032



The global saudi arabia bus (KSA) market size is expected to reach USD 463.50 million by 2032, according to a new study by Polaris Market Research. The report “Saudi Arabia Bus (KSA) Market Share, Size, Trends, Industry Analysis Report, By Type (Single Deck, Double Deck); By Application, By Fuel Type; By Capacity; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Buses are motorized vehicles characterized by their large size and seating capacity. They are commonly used for intercity and intracity transportation, providing scheduled services for passengers. In Saudi Arabia, the government is actively investing in expanding the nation's bus network to facilitate convenient travel for citizens using public transportation.

Saptco, the country's is public transportation facility supplier, is annually expanding its bus fleet to meet the growing demand. The institutional sector's economic expansion has increased the demand for buses. SAPTCO operates intercity bus services across Saudi Arabia, offering a comprehensive network that complements train travel options. Buses are often favored due to their affordability, frequent schedules, and widespread availability, further fueling the growth of the Saudi Arabian Bus Market.

Saudi Arabia is a religious destination, particularly known for the cities of Mecca and Medina, which attract many worshippers. Buses serve as a convenient option for tourists traveling between towns and within urban areas. To assist tourists and facilitate travel, the government of Saudi Arabia provides dedicated bus services for visitors to these cities, ensuring easy exploration of different destinations within the country.

The bus market in Saudi Arabia has witnessed a significant surge in sales over the past few years, primarily driven by growth in the tourism sector and increased demand from the corporate sector. Many companies now provide transportation facilities to their employees, due to a higher demand for buses. Buses have become a preferred mode of transportation for many individuals due to their convenience and comfortable riding experience.

Buses have gained popularity among women and older individuals working in the corporate sector, as they offer features such as continuously variable transmission (CVT), ample space, foot resting areas, and other comforts. These features make bus travel more comfortable and suitable for these demographics. Major bus manufacturing trademarks like TATA Motors Limited, Mercedes-Benz AG, AB Volvo, and Zhongtong Bus Holding Co., Ltd. are introducing models in this segment, contributing to the growth of the bus market in Saudi Arabia.

Chinese bus brands have gained traction in the Saudi Arabian market, offering buses with similar features at comparatively lower prices than other brands. Chinese brands have improved their quality and incorporated essential features like steering adjustment, sun visors, mobile charging points, and stability at high speeds, ensuring safe driving on the roads. It has further fueled the demand for Chinese buses in the country.

Saudi Arabia Bus (KSA) Market Report Highlights

The single-deck segment is anticipated to experience the fastest share during the forecast period in the Saudi Arabia bus market due to increasing urbanization, a focus on public transportation, cost-effectiveness, enhanced comfort and accessibility features, environmental considerations, and versatility for intercity routes. These factors make single-deck buses more suitable for navigating congested urban areas, addressing mobility challenges, and catering to a broader range of commuters.

The diesel segment is anticipated to experience the largest growth over the forecast period in the Saudi Arabia bus market due to factors such as existing infrastructure, availability of diesel fuel, and the current prevalence of diesel-powered buses in the country. While there is a global shift towards alternative fuels, the diesel segment is anticipated to dominate the Saudi Arabian market during the forecast period.

The global key market players include Toyota Motor Corporation, Hyundai Motor Company, Daimler AG, Tata Motors Limited, Ankai Automobile Co. Ltd, Mitsubishi Fuso TruckEicher Motors Limited, Ashok Leyland Limited, King Long United Automotive Industry Co., Ltd., Mercedes Benz AG, MAN SE, Alexander Dennis Limited (ADL), AB Volvo.

Polaris Market Research has segmented the Saudi Arabia Bus (KSA) market report based on type, application, fuel type, capacity, and region:

Saudi Arabia Bus (KSA), Type Outlook (Revenue - USD Million, 2019 - 2032)

Single Deck

Double Deck

Saudi Arabia Bus (KSA), Application Outlook (Revenue - USD Million, 2019 - 2032)

Transit Bus

School Bus

Saudi Arabia Bus (KSA), Fuel Type Outlook (Revenue - USD Million, 2019 - 2032)

Diesel

Electric/Hybrid

Others

Saudi Arabia Bus (KSA), Capacity Outlook (Revenue - USD Million, 2019 - 2032)

15-30

31-50

Over 50

Table of Contents

114 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Saudi Arabia Bus (KSA) Market Insights
4.1. Saudi Arabia Bus (KSA) Market – Industry Snapshot
4.2. Saudi Arabia Bus (KSA) Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing Government Initiatives
4.2.1.2. Urbanization and Population Growth
4.2.2. Restraints and Challenges
4.2.2.1. Economic Factors
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Saudi Arabia Bus (KSA) Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Saudi Arabia Bus (KSA) Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Saudi Arabia Bus (KSA), by Type, 2019-2032 (USD Million)
5.3. Single Deck
5.3.1. Saudi Arabia Bus (KSA) Market, by Single Deck, 2019-2032 (USD Million)
5.4. Double Deck
5.4.1. Saudi Arabia Bus (KSA) Market, by Double Deck, 2019-2032 (USD Million)
6. Saudi Arabia Bus (KSA) Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Saudi Arabia Bus (KSA) Market, by Application, 2019-2032 (USD Million)
6.3. Transit Bus
6.3.1. Saudi Arabia Bus (KSA) Market, by Transit Bus, 2019-2032 (USD Million)
6.4. School Bus
6.4.1. Saudi Arabia Bus (KSA) Market, by School Bus, 2019-2032 (USD Million)
7. Saudi Arabia Bus (KSA) Market, by Fuel Type
7.1. Key Findings
7.2. Introduction
7.2.1. Saudi Arabia Bus (KSA) Market, by Fuel Type, 2019-2032 (USD Million)
7.3. Diesel
7.3.1. Saudi Arabia Bus (KSA) Market, by Diesel, 2019-2032 (USD Million)
7.4. Electric/Hybrid
7.4.1. Saudi Arabia Bus (KSA) Market, by Electric/Hybrid, 2019-2032 (USD Million)
7.5. Others
7.5.1. Saudi Arabia Bus (KSA) Market, by Link 22, 2019-2032 (USD Million)
8. Saudi Arabia Bus (KSA) Market, by Capacity
8.1. Key Findings
8.2. Introduction
8.2.1. Saudi Arabia Bus (KSA) Market, by Capacity, 2019-2032 (USD Million)
8.3. 15-30 Seats
8.3.1. Saudi Arabia Bus (KSA) Market, by 15-30 Seats, 2019-2032 (USD Million)
8.4. 31-50 Seats
8.4.1. Saudi Arabia Bus (KSA) Market, by 31-50 Seats, 2019-2032 (USD Million)
8.5. Over 50 Seats
8.5.1. Saudi Arabia Bus (KSA) Market, by Over 50 Seats, 2019-2032 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Toyota Motor Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Type Benchmarking
10.1.4. Recent Development
10.2. Hyundai Motor Company
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Type Benchmarking
10.2.4. Recent Development
10.3. Daimler AG
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Type Benchmarking
10.3.4. Recent Development
10.4. Tata Motors Limited
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Type Benchmarking
10.4.4. Recent Development
10.5. Ankai Automobile Co. Ltd
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Type Benchmarking
10.5.4. Recent Development
10.6. Mitsubishi Fuso TruckEicher Motors Limited
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Type Benchmarking
10.6.4. Recent Development
10.7. Ashok Leyland Limited
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Type Benchmarking
10.7.4. Recent Development
10.8. King Long United Automotive Industry Co., Ltd
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Type Benchmarking
10.8.4. Recent Development
10.9. Mercedes Benz AG
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Type Benchmarking
10.9.4. Recent Development
10.10. MAN SE
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Type Benchmarking
10.10.4. Recent Development
10.11. Alexander Dennis Limited (ADL)
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Type Benchmarking
10.11.4. Recent Development
10.12. AB Volvo
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Type Benchmarking
10.12.4. Recent Development

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