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The Saudi Arabian Bus Market was valued around USD 13.51 Billion in 2019 and is projected to grow at CAGR of 8.52% during the forecast period on account of growing inclination of the population towards public transportation.
Furthermore, as part of the Saudi Vision 2030, the country is planning to promote and enhance public transport in the country, which is anticipated to positively influence the market growth over the coming years.
The Saudi Arabian Bus Market can be segmented based on bus length, seating capacity, fuel type, application and region. In terms of seating capacity, the market can be segregated into 15-30, 30-40, 40-50 and above 50. Among these, 30-40 segment dominated the market as it is the preferred segment on account of easy boarding, even with a stroller or wheelchair. Additionally, it can easily store large volumes of luggage.
| Press Release
Saudi Arabia Bus Market, By Bus Length, By Seating Capacity, By Fuel Type, By Application, Competition, Forecast & Opportunities, 2025
New York, Dec. 11, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Saudi Arabia Bus Market, By Bus Length, By Seating Capacity, By Fuel Type, By Application, Competition, Forecast & Opportunities, 2025 - https://www.reportlinker.com/p05995462/?utm source=GNW
Saudi Arabia bus market was valued around USD 13.51 Billion in 2019 and is projected to grow at CAGR of 8.52% during the forecast period on account of growing inclination of the population towards public transportation. Furthermore, as part of the Saudi Vision 2030, the country is planning to promote and enhance public transport in the country, which is anticipated to positively influence the market growth over the coming years.