The global buses market size value in 2023 showed significant variations across different countries, with Japan leading at $5.5128 billion, despite a year-on-year decrease of 2.92%. France follows with $5.131 billion, reflecting a positive growth of 3.54%. Germany recorded $3.7431 billion, marking a moderate increase of 1.78%, while Italy at $2.4555 billion showed a slight rise of 0.93%. Smaller European markets like Austria and Sweden exhibited modest growth, whereas African markets such as Kenya and Uganda experienced declines. The five-year CAGR highlights a steady yet varied global market dynamic.
Future trends to watch in the global buses market include the increasing adoption of electric buses, infrastructure investments in public transport, and regulatory policies favoring green transportation. These factors may redefine market shares and growth rates across countries, with significant expansion expected in Europe and emerging markets in Africa.
Top countries in Buses Market Size Value by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,512,800,000 | 2023 | -3.36% | -2.92% | View data |
| 2 | 2 France | 5,131,000,000 | 2023 | +2.14% | +3.54% | View data |
| 3 | 3 Germany | 3,743,100,000 | 2023 | +2.04% | +1.78% | View data |
| 4 | 4 Italy | 2,455,500,000 | 2023 | +1.48% | +0.93% | View data |
| 5 | 5 Austria | 970,520,000 | 2023 | +2.2% | +1.46% | View data |
| 6 | 6 Sweden | 964,080,000 | 2023 | +0.5% | +0.66% | View data |
| 7 | 7 Switzerland | 515,010,000 | 2023 | +0.33% | +0.58% | View data |
| 8 | 8 Kenya | 193,810,000 | 2023 | -0.57% | -0.67% | View data |
| 9 | 9 Uganda | 114,230,000 | 2023 | -0.33% | -0.45% | View data |
| 10 | 10 Slovenia | 80,009,000 | 2023 | +0.81% | +1.25% | View data |
