Market Insights Mobility Commercial Vehicles

Buses

Netherlands

In the Netherlands, it is projected that unit sales in the Buses market will reach 0.42k vehicles by the year 2024.
The market is expected to exhibit a compound annual growth rate of 2.60% from 2024 to 2030 (CAGR 2024-2030), resulting in a projected market volume of 0.49k vehicles by 2030.
This indicates the potential for significant growth in the Buses market.
Furthermore, the production of Buses market is anticipated to reach 0.35k vehicles by 2030, further highlighting the potential for expansion in this market.
From an international perspective, it is noteworthy that the in China is projected to account for the majority of sales in 2024, with a figure of 537.50k vehicles.
The Netherlands leads the way in the adoption of electric buses, with a strong focus on sustainability and reducing carbon emissions in the commercial vehicles market.

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Analyst Opinion

The Buses market in Netherlands has been experiencing steady growth in recent years, driven by several key factors. Customer preferences for more sustainable and efficient transportation options have led to an increased demand for buses, while local special circumstances and underlying macroeconomic factors have also played a role in shaping the market.

Customer preferences in the Netherlands have shifted towards more sustainable modes of transportation, and buses are seen as a viable alternative to private cars. With growing concerns about air pollution and traffic congestion, many individuals and businesses are opting for public transportation options, including buses. Additionally, the government has implemented policies to promote the use of public transportation, further driving the demand for buses.

One of the key trends in the Buses market in Netherlands is the increasing adoption of electric buses. As the country strives to reduce its carbon footprint, electric buses have gained popularity due to their zero-emission nature. The government has provided incentives and subsidies to encourage the adoption of electric buses, leading to a significant increase in their sales.

This trend is expected to continue as the government aims to transition to a fully electric bus fleet in the coming years. Another trend in the market is the integration of smart technologies in buses. The Netherlands is known for its advanced infrastructure and technological advancements, and this is reflected in the buses market as well.

Many buses are equipped with features such as Wi-Fi, USB charging ports, and real-time passenger information systems. These technologies enhance the overall passenger experience and make public transportation more convenient and attractive. In addition to customer preferences, there are also local special circumstances that have influenced the development of the Buses market in Netherlands.

The country has a well-developed public transportation system, with extensive bus networks connecting various cities and towns. The government has invested in the expansion and improvement of bus infrastructure, including dedicated bus lanes and bus priority at traffic signals. These initiatives have helped to make bus travel more efficient and reliable, further boosting the demand for buses.

Underlying macroeconomic factors have also played a role in the growth of the Buses market in Netherlands. The country has a strong economy and a high standard of living, which has contributed to the increased demand for public transportation. Additionally, the government's focus on sustainable development and reducing carbon emissions has created a favorable environment for the growth of the buses market.

In conclusion, the Buses market in Netherlands is experiencing growth due to customer preferences for sustainable transportation options, the adoption of electric buses, the integration of smart technologies, local special circumstances such as well-developed infrastructure, and underlying macroeconomic factors. These factors are expected to continue driving the growth of the market in the coming years.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on unit sales and production of buses.

Modeling approach:

Market sizes are determined through a combined Top-Down and bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global survey). In addition, we use relevant key market indicators and data from country-specific associations, such as consumer spending per capita on transportation and consumer price index for purchase of vehicles. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, linear regression, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.