MENA Bus and Coach Market Trends, Revenue, Share, Scope, Key manufacturers, Growth Drivers, Challenges and Future Opportunities Till 2033


MENA Bus and Coach Market Trends, Revenue, Share, Scope, Key manufacturers, Growth Drivers, Challenges and Future Opportunities Till 2033: SPER Market Research

 Published: May-2023
 Author: SPER Analyst

MENA Electric Bus Market is projected to be worth USD XX billion by 2033 and is anticipated to surge at a CAGR of XX%.

An electric bus is a type of public transportation vehicle that runs on electricity rather than traditional fossil fuels such as diesel or petrol. It is propelled by an electric motor that is powered by rechargeable batteries or, in certain circumstances, an overhead charging system. Electric buses have acquired significant attention and appeal in recent years due to their multiple environmental and economic benefits.

The deployment of electric buses represents a big step towards more sustainable and environmentally friendly transportation. By replacing combustion engines with electric motors, these buses emit no tailpipe emissions, lowering air pollution and enhancing urban air quality. This has a direct positive influence on public health since it helps to reduce dangerous pollutants and lessen the consequences of climate change.

MENA Electric Bus Market Driving Factors and Challenges

The MENA (Middle East and North Africa) electric bus market is growing rapidly due to many main development drivers. First and foremost, government activities and policies are critical. Governments in the region are taking steps to promote sustainable travel and minimize greenhouse gas emissions. They provide incentives, subsidies, and tax breaks to stimulate the usage of electric buses, so providing a favourable climate for market growth.

Electric buses' economic benefits are propelling industry growth. While the initial prices of electric buses are higher than those of traditional buses, they offer long-term cost reductions. Electric buses offer lower operational costs due to lower fuel prices and simplified drivetrains, resulting in significant cost savings throughout the life of the vehicle.

There are a number of obstacles that the MENA electric bus market like high initial cost of electric buses is a barrier to their widespread adoption. Electric buses are frequently more expensive to purchase than standard buses, making it difficult for transportation authorities to make the first investment. Although long-term cost savings can compensate for this, access to financing and financial incentives are required to make electric buses commercially viable for operators.

There are issues with battery technology and range restrictions. The range of electric buses may still be an issue for long-distance travel or routes with sparse charging facilities, despite major advancements in battery technology. The range and energy density of batteries must continue to be improved, allowing electric buses to run on a wider variety of routes without sacrificing efficiency or passenger capacity.

Impact of COVID-19 on MENA Electric Bus Market
The COVID-19 outbreak has had a substantial effect on the MENA (Middle East and North Africa) electric buses market. The market had a variety of issues and disruptions during this time. First of all, because of financial limitations and the reallocation of resources to critical healthcare needs, various infrastructure projects and acquisitions have been delayed. Second, there are now fewer electric buses and their component parts available due to global supply chain disruptions that led to manufacturing closures, production delays, and delivery delays. Third, fewer people using public transport decreased the demand for those services, which slowed the adoption and use of electric buses. Furthermore, attempts to promote sustainable transportation were given less focus and financing due to budgetary constraints and changing priorities.

MENA Electric Bus Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AB Volvo, BYD Company Ltd, CAF Group (Bus & Coach), Daimler AG, King Long United Automotive Industry Co Ltd.

MENA Electric Bus Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, MENA Electric Bus Market is segmented as; Battery-Electric Bus, Hybrid Electric Bus, Electric Bus, Plug-in Hybrid Bus.
By Hybrid Powertrain: Based on the Hybrid Powertrain, MENA Electric Bus Market is segmented as; Series-Parallel Hybrid, Series Hybrid.

By Battery: Based on the Battery, MENA Electric Bus Market is segmented as; Lithium Iron Phosphate, Parallel Hybrid, Series Hybrid.

By End User: Based on the End User, MENA Electric Bus Market is segmented as; Public, Private.

By Region: This report also provides the data for key regional segments of Bahrain, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Rest of Middle East and North America

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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