The diesel buses market in Australia has shown fluctuating trends over the past decade. The market value stood at $861.09 million in 2023, marking a slight decline of 1.3% from the previous year. From 2013 to 2023, there have been significant variances, with notable declines in 2015 and 2020, and a consistent downward trend from 2019 onwards. Over the last five years, the compound annual growth rate (CAGR) has been -1.6%, illustrating a gradual decrease in market size.
Future trends to watch for include:
- Continued market contraction with a forecasted 5-year CAGR of -1.11%.
- Potential shifts in fuel preferences driven by environmental policies and advancements in electric and hybrid bus technologies.
- Evolving public transportation needs and government subsidies or incentives which could impact diesel bus investments.
