Product Code: ETC361119 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The bus market in Saudi Arabia plays a crucial role in the country`s public transportation and commercial mobility sector. Buses serve as essential modes of transportation for both urban and intercity travel, contributing to connectivity and mobility solutions. The market`s growth is influenced by factors such as urbanization, government initiatives, and environmental concerns. The market offers various types of buses, including standard, articulated, and electric variants. Manufacturers and suppliers focus on features like fuel efficiency, safety standards, and passenger comfort to cater to diverse transportation needs.
In the Saudi Arabia bus market, the main drivers include urbanization, population growth, and government initiatives aimed at improving public transportation infrastructure. As cities expand and the need for efficient public transportation systems grows, there is a surge in demand for buses to accommodate commuters. Government investments and plans to address traffic congestion and reduce carbon emissions are also contributing to the growth of the bus market.
The Saudi Arabia bus market faces challenges in promoting the adoption of electric and hybrid buses for environmental sustainability. Overcoming the initial high costs of electric buses and establishing a reliable charging infrastructure are crucial obstacles.
The COVID-19 pandemic had a significant impact on the bus market in Saudi Arabia. With restrictions on public transportation and reduced travel, the demand for new buses for public transportation and tourism purposes experienced a decline. The tourism industry, in particular, faced challenges due to restrictions on international travel. Bus manufacturers and operators had to adapt to new health and safety regulations and implement measures to ensure passenger safety. As travel restrictions eased and economic activities gradually resumed, the bus market started to recover, especially in segments related to public transportation within the country.
The major key players in the Saudi Arabia bus market are National Bus Company, Al-Qahtani Vehicle Group, and Saudia Public Transport Company. Other prominent firms in the region include SAMTRANS Ltd., AL-Thagr Coop. for Limo Services, Almarai Transportation Ltd., Hardex Trading & Contracting Co., MBC Logistics LLC, and A1 Rent A Car Riyadh.