In 2023, China led the global bus export market with a significant share of 16.19%, followed closely by Japan at 15.27% and Germany at 8.44%. Poland and the United States held notable positions with 7.83% and 6.88%, respectively. Other key exporters included Canada (6.36%), the Czech Republic (5.52%), and South Korea (4.08%). Notably, countries like Brazil (2.1%) and India (1.2%) also contributed to the global market shares. Year-on-year variances indicate growth for most exporters, with Malaysia (8.12%), Indonesia (6.45%), and Mozambique (11.9%) exhibiting significant increases, while some countries such as Zimbabwe (-71.28%) and Bosnia and Herzegovina (-13.41%) experienced declines.
Looking forward, the global bus export market is expected to witness shifts, driven by advancements in electric vehicle technology, evolving environmental regulations, and increased urbanization. Growth is anticipated in countries investing heavily in sustainable transportation, while traditional markets may face competition from emerging economies ramping up their manufacturing capabilities.
Top countries in Export of Buses Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 16.19 | 2023 | +2.97% | +3.22% | View data |
| 2 | 2 Japan | 15.27 | 2023 | +0.3% | +1.91% | View data |
| 3 | 3 Germany | 8.44 | 2023 | +0.17% | +0.31% | View data |
| 4 | 4 Poland | 7.83 | 2023 | +2.39% | +4.12% | View data |
| 5 | 5 United States | 6.88 | 2023 | +2.99% | +2.02% | View data |
| 6 | 6 Canada | 6.36 | 2023 | +3.47% | +3.45% | View data |
| 7 | 7 Czech Republic | 5.52 | 2023 | +2.95% | +3.13% | View data |
| 8 | 8 South Korea | 4.08 | 2023 | -1.54% | -0.71% | View data |
| 9 | 9 Belgium | 3.84 | 2023 | +0.86% | +0.8% | View data |
| 10 | 10 France | 3.3 | 2023 | +3.54% | +1.83% | View data |
