In 2023, the export value of buses from China stood at 2.7000 billion USD, marking a baseline for evaluating future forecasts. Based on the forecasted data from 2024 to 2028, we observe a consistent year-on-year increase in export values. Specifically, the variations are: 2.92% for 2024, 2.99% for 2025, 2.85% for 2026, 2.72% for 2027, and 2.59% for 2028. The average annual growth rate (CAGR) over these five years is predicted to be approximately 2.81%.

Future trends to watch for:

Technological advancements in electric and autonomous buses which could further drive export growth.
Trade policy changes and negotiations between key countries and China that may impact market access.
Global economic stability and recovery post any economic downturns which could affect demand for public transportation.
Increasing focus on sustainable transport solutions might boost demand for electric buses from China.