Diesel Buses Market Size Value in Saudi Arabia

Over the past decade, the diesel bus market in Saudi Arabia has shown significant fluctuations. From 2012 to 2015, the market experienced a decline, with a substantial drop of 17.41% in 2015. Between 2016 and 2019, the market saw minor year-on-year fluctuations but continued on a general downward trend. The sharpest decline occurred in 2020, with an 18.38% reduction, driven predominantly by the global pandemic.

In contrast, the past two years represent a recovery phase. In 2021, the market rebounded with a 12.56% increase, followed by another 3.52% rise in 2022. On average, the market has contracted at a CAGR of -1.75% from 2018 to 2022.

Future Trends to Watch:

• The shift towards electric and hybrid buses as part of Saudi Arabia’s Vision 2030 for a sustainable future may limit the growth of diesel buses.
• Increasing fuel prices and international environmental regulations could further drive the diesel bus market down.
• Continued investment in public transport infrastructure may offer temporary support for the market but not necessarily for diesel specifically.