MENA Bus and Coach Market to Reach USD 4472 Million by 2026
Growing demand for Electric and Hybrid buses and continuously
improving road infrastructure to drive the MENA Bus and Coach Market through
2026.
According
to TechSci Research report“ MENA
Bus and Coach Market By Length (6-8m, 8-10m, 10-12m, Above 12m), By
Application By Type of Buses (Motor Coach, Mini Coach, Mid Coach, Double Decker
Bus, Shuttle Bus, Others), By Application By Type of Usage (Public Transport,
Tourist Bus, School Bus, Office Bus, Office), By Seating Capacity (Up to 30,
31-40, 41-50, Above 50), By Fuel Type (Diesel, Electric & Hybrid,
Alternative Fuels, Fuel Cell, Petrol/Gasoline), By Body Type (Customizable,
Fully Built), By Company and By Country (Bahrain, Iraq, Jordan, Kuwait,
Lebanon, Morocco, Oman, Qatar, Palestine, Sudan, Tunisia, Saudi Arabia, UAE,
Algeria, Egypt, Iran, Rest of the World) Forecast & Opportunities, 2026”, MENA
Bus and Coach Market is estimated to reach around USD4.47 billion by 2026. Growth in the MENA Bus and Coach Market can be
attributed to the flourishing demand for Electric and Hybrid buses across the
countries of the Middle East and Northern Africa. As the temperature across the MENA region continues
to rise, governments across the region have started to take increasing global
warming concerns more seriously. Due to the worsening climatic conditions,
governments across the region are taking initiatives to reduce the greenhouse
gas emissions in their countries. Electric buses are the
only buses classified as Zero Emission Vehicles (ZEV). A Zero Emission Vehicle which
runs on battery-fitted electric motor, does not use any alternate source of
energy, and does not emit CO2. As of June 2021, according to Nasser BuShehab, Chief Executive
Officer of the Roads and Transport Authority's strategy department of United
Arab Emirates, “United Arab Emirates’ government plans to make public transport
in Dubai emission-free by 2050, supporting the commitment of the UAE to the
Paris Agreement on climate change to reduce the emissions in the UAE by 23.5%
by 2030.” Due to the growing government
initiatives to promote the use of electric buses and coaches, demand for
electric buses and coaches is anticipated to increase in the forthcoming years across
the Middle Eastern and North African countries. As fuel prices and concerns
regarding safer environment are growing, several governments in the region are
providing incentives and discounts on the purchase of buses and coaches, owing
to various environmental benefits associated with these vehicles. Moreover,
with growing demand for electric buses and coaches, the size of buses and
coaches' fleet is expected to increase in the region.
The spread of the COVID-19 pandemic
has created both public health and economic crisis across the world. Automotive
industry has faced a high degrowth in the production of vehicles due to full
and partial lockdown imposed in various countries to stop the spread of the
COVID-19 virus, which forced the major automotive manufacturers to halt their
production for a few months. Also, there was a decrease in the demand for new
vehicles across the region as economy of various major countries in the region
showed a dip during 2020 and unemployment across the region increased, which
negatively impacted the average income of many families. The bus and coach
market in the Middle East is majorly import driven due to the lockdown
restrictions logistics and the supply chain was also severely affected. Many of
the manufacturing companies could not complete their shipments due to the
unavailability of port facilities and lockdown restrictions. Due to import
restrictions, people were not able to buy buses and coaches, hampering the bus
and coach market’s growth in the MENA region. As markets started to open in 2021, the sales of buses and
coaches is starting to grow again and as a result the MENA Bus and Coach market’s recovery is
anticipated to happen in around three years.
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MENA Bus and Coach Market can be segmented based on Length,
Application By Type of Buses, Application By Type of Usage, Seating Capacity,
Fuel Type, Body Type, Company and Country.
The MENA
Bus and Coach market share based on Application By Type of Buses is divided into Motor Coach, Mini Coach,
Mid Coach, Double Decker Bus, Shuttle Bus, with Mini Coach holding the majority of the market share in MENA Bus and Coach Market in 2020. The Mini Coach segment is getting neck to neck competition
from the Mid Coach segment of the classification. Saudi Arabia, United Arab
Emirates and Egypt collectively hold a significant market share of around 70%
in the region.
Some of the major players operating
in the MENA Bus and Coach Market are Tata motors Ltd., Toyota Motor Corporation, MAN Truck and Bus, and Yutong
Bus Co. Ltd. Companies like Ashok Leyland, VDL, Xiamen King Long United
Automotive Industry Co. Ltd., Hyundai Motor Corporation, Isuzu Motors, AB Volvo
etc. are also increasing their
marketing activities and enriching their product portfolio to increase their
customer outreach.
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“In 2020, Saudi Arabia accounted
for the largest share, i.e., 27.05% in the MENA
Bus and Coach market. The
country is expected to maintain its dominance over the next five years as well,
but buses and coaches can be seen increasing in other countries of Middle East and África. Growing
electric bus fleet and increasing tourism is boosting the demand for buses and
coaches in the region.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“MENA
Bus and Coach Market By Length (6-8m, 8-10m, 10-12m, Above 12m), By Application
By Type of Buses (Motor Coach, Mini Coach, Mid Coach, Double Decker Bus,
Shuttle Bus, Others), By Application By Type of Usage (Public Transport,
Tourist Bus, School Bus, Office Bus, Office), By Seating Capacity (Up to 30,
31-40, 41-50, Above 50), By Fuel Type (Diesel, Electric & Hybrid,
Alternative Fuels, Fuel Cell, Petrol/Gasoline), By Body Type (Customizable,
Fully Built), By Company and By Country (Bahrain, Iraq, Jordan, Kuwait,
Lebanon, Morocco, Oman, Qatar, Palestine, Sudan, Tunisia, Saudi Arabia, UAE,
Algeria, Egypt, Iran, Rest of the World) Forecast & Opportunities, 2026” has
evaluated the future growth potential of MENA Bus and Coach Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the MENA Bus and Coach Market.
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