TABLE OF CONTENTS
1 Executive Summary 18
2 MARKET INTRODUCTION 20
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 Research Objective 20
2.4 MARKET STRUCTURE 21
3 Research methodology 22
3.1 Overview 22
3.2 DATA flow 25
3.2.1 Data Mining Process 25
3.3 Purchased Database: 26
3.4 Secondary Sources: 27
3.4.1 Secondary Research data flow: 27
3.5 Primary Research: 28
3.5.1 Primary Research DATA FLOW: 29
3.5.2 Primary Research: Number of Interviews conducted 30
3.5.3 Primary Research: Regional Coverage 30
3.6 Approaches for market size estimation: 31
3.6.1 Revenue Analysis Approach 31
3.7 Data forecasting 32
3.7.1 Data forecasting Technique 32
3.8 Data modeling 33
3.8.1 microeconomic factor analysis: 33
3.8.2 Data modeling: 34
3.9 Teams and Analyst Contribution 35
4 Market Dynamics 36
4.1 Introduction 36
4.2 Drivers 36
4.2.1 Growing population coupled with rapid urbanization propelling the demand for the use of city buses in order to reduce congestion 36
4.2.2 Increasing fuel prices are making private car ownership less attractive, leading people to shift towards public transportation, including bus 37
4.2.3 Stringent safety regulations driving demand for compliant Bus systems 38
4.2.4 Growing tourism industry across the UAE and KSA 38
4.3 Restraints 39
4.3.1 High initial investment & operating cost 39
4.4 Opportunities 40
4.4.1 Rising electric bus adoption is expected to open lucrative opportunities for the market 40
4.5 Challenges 41
4.5.1 Competition from other modes of transport 41
4.5.2 Attracting and retaining skilled drivers 41
4.6 Impact Analysis of COVID-19 42
4.6.1 Impact on overall automotive industry 42
4.6.2 Impact on Bus Market 43
5 Market Factor Analysis 44
5.1 Supply Chain Analysis 44
5.1.1 Raw Materials and Components Suppliers: 44
5.1.2 Bus Manufacturing: 44
5.1.3 Bus Components and Systems Suppliers: 44
5.1.4 Distribution and Logistics: 44
5.1.5 Dealers and Distributors: 44
5.1.6 Bus Operators and Fleet Owners: 44
5.1.7 Maintenance and Aftermarket Services: 44
5.1.8 End Users (Passengers): 45
5.1.9 Government and Regulatory Bodies: 45
5.1.10 Technology and Innovation: 45
5.1.11 Installation and Integration: 45
5.2 Porter's Five Forces Model 46
5.2.1 Threat of New Entrants: 46
5.2.2 Bargaining Power of Buyers (Bus Operators and Fleet Owners): 46
5.2.3 Bargaining Power of Suppliers (Raw Materials and Components): 47
5.2.4 Threat of Substitute Products: 47
5.2.5 Intensity of Competitive Rivalry: 47
5.3 Regulatory outlook 47
5.3.1 Saudi Arabia: 47
5.3.2 United Arab Emirates: 47
5.3.3 Egypt: 48
5.4 Bus Market Swot Analysis 49
5.5 Market Pestle Analysis 50
5.6 Bus Pricing Trends Analysis, ($/Unit), 2018-2032 51
5.7 Government Policies Supporting Electric Buses and Charging Infrastructure by Countries 52
5.7.1 Kingdom of Saudi Arabia (KSA): 52
5.7.2 United Arab Emirates (UAE): 52
5.7.3 Egypt: 52
5.7.4 Common policies across all three countries: 52
5.8 Local Bus Assembly Incentives 53
5.8.1 Financial Incentives: 53
5.8.2 Land and Infrastructure: 53
5.8.3 Technical Support: 53
5.8.4 Government Procurement: 54
5.8.5 Additional Initiatives: 54
5.9 Top 3 selling models and buying criteria 55
5.9.1 Higer KLQ6119A 55
5.9.2 Yutong ZK6128H 55
5.9.3 Mercedes-Benz Sprinter City 419 55
6 BUS Market, By Type 57
6.1 Introduction 57
6.2 Single Deck Bus 62
6.3 Coach / Motor Coach 62
6.4 School Bus 63
6.5 Low-Floor Bus 63
6.6 Minibus 64
6.7 Double Decker Bus 65
6.8 Other Types 65
7 BUS Market, By Propulsion 66
7.1 Introduction 66
7.2 Diesel 69
7.3 Electric 70
7.4 Alternative Fuel (CNG and Others) 72
8 BUS Market, By Application 73
8.1 Introduction 73
8.2 Airport Shuttles 76
8.3 Intercity Travel 76
8.4 Intracity Transportation 77
8.5 School Transportation 77
8.6 Other Transportation 78
9 BUS Market, By End-User 79
9.1 Introduction 79
9.2 Private Bus Operators 82
9.3 Public Transport Authorities 82
9.4 Schools And Universities 83
10 BUS Market, By Country 84
10.1 Introduction 84
10.2 KSA 86
10.3 UAE 90
10.4 EGYPT 94
11 Competitive Landscape 99
11.1 Market Share Analysis 99
11.2 competitor dashboard 101
11.3 Major growth strategy in the KSA, UAE and Egypt Market 102
12 COMPANY PROFILES 105
12.1 Zhongtong Bus Holding Co., Ltd. 105
12.1.1 COMPANY OVERVIEW 105
12.1.2 PRODUCTS OFFERED 105
12.1.3 SWOT analysis 106
12.1.4 KEY STRATEGIES 107
12.2 Yutong Group Co., Ltd. 108
12.2.1 COMPANY OVERVIEW 108
12.2.2 PRODUCTS OFFERED 108
12.2.3 SWOT analysis 109
12.2.4 KEY STRATEGIES 109
12.3 MAN SE 111
12.3.1 COMPANY OVERVIEW 111
12.3.2 PRODUCTS OFFERED 111
12.3.3 SWOT analysis 112
12.3.4 KEY STRATEGIES 112
12.4 MERCEDES-BENZ BUSES (Daimler Truck AG) 114
12.4.1 COMPANY OVERVIEW 114
12.4.2 PRODUCTS OFFERED 114
12.4.3 SWOT analysis 115
12.4.4 KEY STRATEGIES 115
12.5 VOLVO BUSES 117
12.5.1 COMPANY OVERVIEW 117
12.5.2 PRODUCTS OFFERED 118
12.5.3 SWOT analysis 119
12.5.4 KEY STRATEGIES 119
12.6 SCANIA AB 121
12.6.1 COMPANY OVERVIEW 121
12.6.2 PRODUCTS OFFERED 121
12.6.3 SWOT analysis 122
12.6.4 KEY STRATEGIES 122
12.7 HIGER BUS 123
12.7.1 COMPANY OVERVIEW 123
12.7.2 PRODUCTS OFFERED 123
12.7.3 SWOT analysis 124
12.7.4 KEY STRATEGIES 124
12.8 XIAMEN GOLDEN DRAGON BUS CO., LTD. 125
12.8.1 COMPANY OVERVIEW 125
12.8.2 PRODUCTS OFFERED 126
12.8.3 SWOT analysis 127
12.8.4 KEY STRATEGIES 127
12.9 ASHOK LEYLAND 129
12.9.1 COMPANY OVERVIEW 129
12.9.2 PRODUCTS OFFERED 129
12.9.3 SWOT analysis 130
12.9.4 KEY STRATEGIES 130
12.10 IVECO 132
12.10.1 COMPANY OVERVIEW 132
12.10.2 PRODUCTS OFFERED 132
12.10.3 SWOT analysis 133
12.10.4 KEY STRATEGIES 133
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 34
TABLE 2 BUS PRICES ($/UNIT) 51
TABLE 3 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 58
TABLE 4 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY TYPE, 2018-2032 (UNITS) 60
TABLE 5 KSA, UAE, AND EGYPT BUS MARKET, FOR SINGLE DECK BUS, BY COUNTRY, 2018-2032 (USD MILLION) 62
TABLE 6 KSA, UAE, AND EGYPT BUS MARKET, FOR SINGLE DECK BUS, BY COUNTRY, 2018-2032 (UNITS) 62
TABLE 7 KSA, UAE, AND EGYPT BUS MARKET, FOR COACH / MOTOR COACH, BY COUNTRY, 2018-2032 (USD MILLION) 62
TABLE 8 KSA, UAE, AND EGYPT BUS MARKET, FOR COACH / MOTOR COACH, BY COUNTRY, 2018-2032 ((UNITS)) 63
TABLE 9 KSA, UAE, AND EGYPT BUS MARKET, FOR SCHOOL BUS, BY COUNTRY, 2018-2032 (USD MILLION) 63
TABLE 10 KSA, UAE, AND EGYPT BUS MARKET, FOR SCHOOL BUS, BY COUNTRY, 2018-2032 ((UNITS)) 63
TABLE 11 KSA, UAE, AND EGYPT BUS MARKET, FOR LOW-FLOOR BUS, BY COUNTRY, 2018-2032 (USD MILLION) 63
TABLE 12 KSA, UAE, AND EGYPT BUS MARKET, FOR LOW-FLOOR BUS, BY COUNTRY, 2018-2032 ((UNITS)) 64
TABLE 13 KSA, UAE, AND EGYPT BUS MARKET, FOR MINIBUS, BY COUNTRY, 2018-2032 (USD MILLION) 64
TABLE 14 KSA, UAE, AND EGYPT BUS MARKET, FOR MINIBUS, BY COUNTRY, 2018-2032 (UNITS) 64
TABLE 15 KSA, UAE, AND EGYPT BUS MARKET, FOR DOUBLE DECKER BUS, BY COUNTRY, 2018-2032 (USD MILLION) 65
TABLE 16 KSA, UAE, AND EGYPT BUS MARKET, FOR DOUBLE DECKER BUS, BY COUNTRY, 2018-2032 ((UNITS)) 65
TABLE 17 KSA, UAE, AND EGYPT BUS MARKET, FOR OTHER TYPES, BY COUNTRY, 2018-2032 (USD MILLION) 65
TABLE 18 KSA, UAE, AND EGYPT BUS MARKET, FOR OTHER TYPES, BY COUNTRY, 2018-2032 ((UNITS)) 65
TABLE 19 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (USD MILLION) 66
TABLE 20 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (UNITS) 68
TABLE 21 KSA, UAE, AND EGYPT BUS MARKET, BY DIESEL, BY COUNTRY, 2018-2032 (USD MILLION) 69
TABLE 22 KSA, UAE, AND EGYPT BUS MARKET, BY DIESEL, BY COUNTRY, 2018-2032 ((UNITS)) 70
TABLE 23 KSA, UAE, AND EGYPT BUS MARKET, BY ELECTRIC, BY COUNTRY, 2018-2032 (USD MILLION) 70
TABLE 24 KSA, UAE, AND EGYPT BUS MARKET, BY ELECTRIC, BY COUNTRY, 2018-2032 ((UNITS)) 70
TABLE 25 KSA, UAE, AND EGYPT BUS MARKET, BY PHEV, BY COUNTRY, 2018-2032 (USD MILLION) 70
TABLE 26 KSA, UAE, AND EGYPT BUS MARKET, BY PHEV, BY COUNTRY, 2018-2032 ((UNITS)) 71
TABLE 27 KSA, UAE, AND EGYPT BUS MARKET, BY FCEV, BY COUNTRY, 2018-2032 (USD MILLION) 71
TABLE 28 KSA, UAE, AND EGYPT BUS MARKET, BY FCEV, BY COUNTRY, 2018-2032 ((UNITS)) 71
TABLE 29 KSA, UAE, AND EGYPT BUS MARKET, BY ALTERNATIVE FUEL, BY COUNTRY, 2018-2032 (USD MILLION) 72
TABLE 30 KSA, UAE, AND EGYPT BUS MARKET, BY ALTERNATIVE FUEL, BY COUNTRY, 2018-2032 (UNITS) 72
TABLE 31 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (USD MILLION) 73
TABLE 32 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (UNITS) 75
TABLE 33 KSA, UAE, AND EGYPT BUS MARKET, FOR AIRPORT SHUTTLES, BY COUNTRY, 2018-2032 (USD MILLION) 76
TABLE 34 KSA, UAE, AND EGYPT BUS MARKET, FOR AIRPORT SHUTTLES, BY COUNTRY, 2018-2032 (UNITS) 76
TABLE 35 KSA, UAE, AND EGYPT BUS MARKET, FOR INTERCITY TRAVEL, BY COUNTRY, 2018-2032 (USD MILLION) 76
TABLE 36 KSA, UAE, AND EGYPT BUS MARKET, FOR INTERCITY TRAVEL, BY COUNTRY, 2018-2032 (UNITS) 77
TABLE 37 KSA, UAE, AND EGYPT BUS MARKET, FOR INTRACITY TRANSPORTATION, BY COUNTRY, 2018-2032 (USD MILLION) 77
TABLE 38 KSA, UAE, AND EGYPT BUS MARKET, FOR INTRACITY TRANSPORTATION, BY COUNTRY, 2018-2032 (UNITS) 77
TABLE 39 KSA, UAE, AND EGYPT BUS MARKET, FOR SCHOOL TRANSPORTATION, BY COUNTRY, 2018-2032 (USD MILLION) 77
TABLE 40 KSA, UAE, AND EGYPT BUS MARKET, FOR SCHOOL TRANSPORTATION, BY COUNTRY, 2018-2032 (UNITS) 78
TABLE 41 KSA, UAE, AND EGYPT BUS MARKET, FOR OTHER TRANSPORTATION, BY COUNTRY, 2018-2032 (USD MILLION) 78
TABLE 42 KSA, UAE, AND EGYPT BUS MARKET, FOR OTHER TRANSPORTATION, BY COUNTRY, 2018-(UNITS) 78
TABLE 43 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY END-USERS, 2018-2032 (USD MILLION) 79
TABLE 44 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY END-USERS, 2018-2032 (UNITS) 80
TABLE 45 KSA, UAE, AND EGYPT BUS MARKET, FOR PRIVATE BUS OPERATORS, BY COUNTRY, 2018-2032 (USD MILLION) 82
TABLE 46 KSA, UAE, AND EGYPT BUS MARKET, FOR PRIVATE BUS OPERATORS, BY COUNTRY, 2018-2032 (UNITS) 82
TABLE 47 KSA, UAE, AND EGYPT BUS MARKET, FOR PUBLIC TRANSPORT AUTHORITIES, BY COUNTRY, 2018-2032 (USD MILLION) 82
TABLE 48 KSA, UAE, AND EGYPT BUS MARKET, FOR PUBLIC TRANSPORT AUTHORITIES, BY COUNTRY, 2018-2032 (UNITS) 82
TABLE 49 KSA, UAE, AND EGYPT BUS MARKET, FOR SCHOOLS AND UNIVERSITIES, BY COUNTRY, 2018-2032 (USD MILLION) 83
TABLE 50 KSA, UAE, AND EGYPT BUS MARKET, FOR SCHOOLS AND UNIVERSITIES, BY COUNTRY, 2018-2032 (UNITS) 83
TABLE 51 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 84
TABLE 52 KSA, UAE, AND EGYPT BUS MARKET VALUE, BY COUNTRY, 2018-2032 (UNITS) 85
TABLE 53 KSA BUS MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 87
TABLE 54 KSA BUS MARKET VALUE, BY TYPE, 2018-2032 (UNITS) 88
TABLE 55 KSA BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (USD MILLION) 88
TABLE 56 KSA BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (UNITS) 88
TABLE 57 KSA BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (USD MILLION) 89
TABLE 58 KSA BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (UNITS) 89
TABLE 59 KSA BUS MARKET VALUE, BY END-USERS, 2018-2032 (USD MILLION) 89
TABLE 60 KSA BUS MARKET VALUE, BY END-USERS, 2018-2032 (UNITS) 90
TABLE 61 UAE BUS MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 91
TABLE 62 UAE BUS MARKET VALUE, BY TYPE, 2018-2032 (UNITS) 92
TABLE 63 UAE BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (USD MILLION) 92
TABLE 64 UAE BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (UNITS) 92
TABLE 65 UAE BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (USD MILLION) 93
TABLE 66 UAE BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (UNITS) 93
TABLE 67 UAE BUS MARKET VALUE, BY END-USERS, 2018-2032 (USD MILLION) 93
TABLE 68 UAE BUS MARKET VALUE, BY END-USERS, 2018-2032 (UNITS) 93
TABLE 69 EGYPT BUS MARKET VALUE, BY TYPE, 2018-2032 (USD MILLION) 95
TABLE 70 EGYPT BUS MARKET VALUE, BY TYPE, 2018-2032 (UNITS) 95
TABLE 71 EGYPT BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (USD MILLION) 96
TABLE 72 EGYPT BUS MARKET VALUE, BY PROPULSIONS, 2018-2032 (UNITS) 96
TABLE 73 EGYPT BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (USD MILLION) 96
TABLE 74 EGYPT BUS MARKET VALUE, BY APPLICATIONS, 2018-2032 (UNITS) 97
TABLE 75 EGYPT BUS MARKET VALUE, BY END-USERS, 2018-2032 (USD MILLION) 97
TABLE 76 EGYPT BUS MARKET VALUE, BY END-USERS, 2018-2032 (UNITS) 97
TABLE 77 ZHONGTONG BUS HOLDING CO., LTD.: PRODUCTS OFFERED 105
TABLE 78 YUTONG GROUP CO., LTD.: PRODUCTS OFFERED 108
TABLE 79 MAN SE: PRODUCTS OFFERED 111
TABLE 80 MERCEDES-BENZ BUSES: PRODUCTS OFFERED 114
TABLE 81 VOLVO BUSES: PRODUCTS OFFERED 118
TABLE 82 SCANIA AB: PRODUCTS OFFERED 121
TABLE 83 HIGER BUS: PRODUCTS OFFERED 123
TABLE 84 XIAMEN GOLDEN DRAGON BUS CO., LTD.: PRODUCTS OFFERED 126
TABLE 85 ASHOK LEYLAND: PRODUCTS OFFERED 129
TABLE 86 IVECO: PRODUCTS OFFERED 132
LIST OF FIGURES
FIGURE 1 KSA, UAE AND EGYPT BUS MARKET: STRUCTURE 21
FIGURE 2 PORTER'S FIVE FORCES MODEL: KSA, UAE AND EGYPT BUS MARKET 46
FIGURE 3 BUS MARKET, BY TYPES, SEGMENT ATTRACTIVENESS ANALYSIS 58
FIGURE 4 KSA, UAE, AND EGYPT BUS MARKET, BY TYPE, 2022 (VALUE % SHARE) 60
FIGURE 5 KSA, UAE, AND EGYPT BUS MARKET, BY TYPE, 2022 (VOLUME % SHARE) 61
FIGURE 6 BUS MARKET, BY PROPULSIONS, SEGMENT ATTRACTIVENESS ANALYSIS 66
FIGURE 7 KSA, UAE, AND EGYPT BUS MARKET, BY PROPULSIONS, 2022 (VALUE % SHARE) 67
FIGURE 8 KSA, UAE, AND EGYPT BUS MARKET, BY PROPULSIONS, 2022 (VOLUME % SHARE) 68
FIGURE 9 BUS MARKET, BY APPLICATIONS, SEGMENT ATTRACTIVENESS ANALYSIS 73
FIGURE 10 KSA, UAE, AND EGYPT BUS MARKET, BY APPLICATIONS, 2022 (VALUE % SHARE) 74
FIGURE 11 KSA, UAE, AND EGYPT BUS MARKET, BY APPLICATIONS, 2022 (VOLUME % SHARE) 75
FIGURE 12 KSA, UAE, AND EGYPT BUS MARKET, BY END-USERS, 2022 (VALUE % SHARE) 79
FIGURE 13 KSA, UAE, AND EGYPT BUS MARKET, BY END-USERS, 2022 (VOLUME % SHARE) 81
FIGURE 14 KSA, UAE, AND EGYPT BUS MARKET, BY COUNTRY, 2022 (VALUE % SHARE) 84
FIGURE 15 KSA, UAE, AND EGYPT BUS MARKET, BY COUNTRY, 2022 (VOLUME % SHARE) 85
FIGURE 16 KSA MARKET SHARE ANALYSIS, 2023, % 99
FIGURE 17 UAE MARKET SHARE ANALYSIS, 2023, % 99
FIGURE 18 EGYPT MARKET SHARE ANALYSIS, 2023, % 100
FIGURE 19 COMPETITOR DASHBOARD: KSA, UAE AND EGYPT BUS MARKET 101
FIGURE 20 ZHONGTONG BUS HOLDING CO., LTD.: SWOT ANALYSIS 106
FIGURE 21 YUTONG GROUP CO., LTD.: SWOT ANALYSIS 109
FIGURE 22 MAN SE: SWOT ANALYSIS 112
FIGURE 23 MERCEDES-BENZ BUSES: SWOT ANALYSIS 115
FIGURE 24 VOLVO BUSES: SWOT ANALYSIS 119
FIGURE 25 SCANIA AB: SWOT ANALYSIS 122
FIGURE 26 HIGER BUS: SWOT ANALYSIS 124
FIGURE 27 XIAMEN GOLDEN DRAGON BUS CO., LTD.: SWOT ANALYSIS 127
FIGURE 28 ASHOK LEYLAND: SWOT ANALYSIS 130
FIGURE 29 IVECO: SWOT ANALYSIS 133
