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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