In 2023, China led the global buses and coaches production with a significant share of 40.84%, experiencing a decrease of 10.54% YoY. India followed, holding 29.71% with a gain of 9.47%. Brazil and Russia managed shares of 9.85% and 5.97%, respectively, though both recorded declines. South Korea faced an 11.24% decrease, holding 3.78%, while Poland, benefiting from a 3.45% rise, accounted for 3.26%. Notably, Ukraine and Kazakhstan saw considerable increases of 15.55% and 31.67%, although their shares remain under 1%.
Future trends to watch include India potentially challenging China's dominance due to its production growth, and the effect of geopolitical and economic shifts on Eastern European countries like Ukraine and Kazakhstan as they try to increase their market shares. The rise in electric and sustainable urban transport solutions could also alter global production dynamics.
Top countries in Buses and Coaches Production Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 40.84 | 2023 | -1.43% | -10.54% | View data |
| 2 | 2 India | 29.71 | 2023 | -12.62% | +9.47% | View data |
| 3 | 3 Brazil | 9.85 | 2023 | -33.41% | -5.8% | View data |
| 4 | 4 Russia | 5.97 | 2023 | +6.66% | -0.52% | View data |
| 5 | 5 South Korea | 3.78 | 2023 | -1.51% | -11.24% | View data |
| 6 | 6 Poland | 3.26 | 2023 | +38.26% | +3.45% | View data |
| 7 | 7 Czech Republic | 2.54 | 2023 | +2.52% | +2.21% | View data |
| 8 | 8 Japan | 2.13 | 2023 | +27.79% | -13.77% | View data |
| 9 | 9 Indonesia | 0.93 | 2023 | -2.3% | -10.39% | View data |
| 10 | 10 Ukraine | 0.8 | 2023 | +36.63% | +15.55% | View data |
