The production of buses and coaches in Brazil exhibited significant fluctuations over the past years. In 2023, the production stood at 21.16 thousand units, a drop of 33.41% from the previous year. Although there were periods of growth, such as in 2018 with a 38.24% increase and a substantial 68.3% surge in 2022, the overall trend shows a decline with the Compound Annual Growth Rate (CAGR) having varied drastically over time. From a 39.61% increase in 2015 to a -5.8% drop in 2023, the market has been volatile.
Looking ahead, the forecast data suggests a consistent decline with an average annual decrease (CAGR) of -4.03% from 2024 to 2028, culminating in an overall reduction of 18.6% by 2028. The forecast points to a challenging period for the industry.
Future trends to watch for include potential impacts from technological advancements in electric and autonomous buses and coaches, shifts in public transport policies, and economic factors influencing both domestic and international market demands.
