The UK diesel bus market saw fluctuations over the past decade. It reached $1306.5M in 2017, dropped to $998.42M in 2020, then climbed to $1244.6M by 2023. The market experienced a 1.11% year-on-year growth from 2022 to 2023. The forecast indicates a steady increase with a 0.89% CAGR over the next five years, reaching $1312.1M by 2028.
- Year-on-year growth (2022-2023): 1.11%
- CAGR (2019-2023): 0.067%
- Forecast 5-year CAGR (2023-2028): 0.89%
Future trends to watch for:- Transition to electric and hybrid buses due to environmental regulations.- Potential market stabilization with eco-friendly alternatives.
