Research and Markets has released a new report focused on the Middle Eastern bus market entitled ‘Middle East Bus Market, By Country, Competition, Forecast and Opportunities, 2020-2030F’.
Valued at 4.40 billion USD in 2024; the market is, according to the report, expected to read 5.86 billion USD by 2030 – rising at a CAGR of 4.88%.
The report itself analyses the current state of the market, which is undergoing a major transformation as governments across the region begin to expand and modernise its public transportation systems.
According to the report; rapid growth in population within metropolitan areas, alongside the rise of educational and industrial hubs, is driving a newfound need for high-capacity transit services.
In order to tackle the need for higher capacities, the region has made a number of strategic investments into smart infrastructure, including the introduction of GPS-enabled fleet management, automated fare systems and real-time passenger information.
Elsewhere, the region has begun to trend toward a reshaped fleet environment, with more operators opting to adopt electrified vehicles. Acquisitions of battery electric buses (BEBs), hybrids and plug-in variants appear to be gaining traction as both operators and governments aim to pursue cleaner urban environments.
With this, a number of manufacturers within the region are now working to develop new technologies to progress improvements in battery capacity and charging speeds.
The full report is available to purchase at Reach and Markets’ website and provides 135 pages of insight into the current market.
