Intense Competition among Dealers and Distributors Reshaping the Gulf Cooperation Council (GCC) Bus Industry

Intense Competition among Dealers and Distributors Reshaping the Gulf Cooperation Council (GCC) Bus Industry

Government Efforts and Initiatives to Develop Infrastructure and Boost Tourism Fuel Growth Strategies

RELEASE DATE
11-Dec-2020
REGION
South Asia, Middle East & North Africa
Research Code: PB56-01-00-00-00
SKU: AU02084-SA-MT_25034
$4,950.00
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Description

The GCC bus industry is expected to grow at a compound annual growth (CAGR) of 3.6% by 2025. Industry sales have been severely impacted by the economic downturn, resulting from decline in oil prices due to the OPEC Agreement. Moreover, the COVID-19 pandemic is having a major effect on GCC bus industry sales, which are estimated to decline by 19% in 2020. An expected rollback of GCC government infrastructure development projects in Q2/ Q3 of 2021 and government initiatives to diversify economies and investments in non-oil reforms will help the GCC bus industry gain momentum in the next 3 to 4 years.

Key trends expected to fuel demand for new buses include the following: increasing urbanization; government focus on boosting public transportation infrastructure in alignment with National Vision 2030 to make the GCC a world-class tourist destination; implementation of emission regulations; deployment of integrated and multi-modal transportation practices; implementation of On-Demand Responsive Transit systems; increasing adoption of autonomous, driverless shuttles in public transportation fleets by respective transit authorities; increasing penetration of digitalization; and increasing adoption of telematics and connected vehicles.

This study covers the medium- and heavy-duty bus market in the GCC nations (Kingdom of Saudi Arabia, Kuwait, United Arab Emirates, Oman, Qatar, and Bahrain), including application-specific bus segment (school, staff and labor, transit, and coach) sales volumes, both historic and forecasts up to 2025.

The 2 Core Objectives of this Study:
• Provide a strategic overview of the GCC bus industry, including key and emerging mega trends and opportunities shaping its future
• Present market size and forecasts of the medium- and heavy-duty bus industry

Key Issues Addressed

  • What is the current state of the bus industry in select GCC countries?
  • How large will the bus industry get in select GCC countries by 2025?
  • Who are the major market participants and what is their market share?
  • What is driving the bus industry across GCC?
  • What is the impact of regulatory and macro-economic trends on bus industry growth?

Author: Ankush Katailiha

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Gulf Cooperation Council (GCC) Bus Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Changing Market Dynamics of the Bus Industry in GCC

GCC Bus Industry—Key Findings

GCC Bus Industry—Key Findings (continued)

GCC Bus Industry Historic Sales Analysis, 2010 to 2018

GCC Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

GCC Bus Industry—Competition Landscape

Forecast Assumptions, GCC Bus Industry

GCC Bus Industry Forecast, 2019 to 2025

GCC Bus Industry Application Forecast, 2019 to 2025

Top Three Predictions for the GCC Bus Industry

GCC Bus Industry Scope of Analysis

GCC Bus Industry Segmentation

Key Questions this Study will Answer

Research Methodology

Trend 1—Urbanization in the GCC

Trend 2—Economic Diversification

Trend 3—Telematics and Connectivity Solutions in the Bus Segment

Trend 4—Integrated Mobility and Multimodal Transport

Trend 5—Demand Responsive Transit

Trend 5—Demand Responsive Transit: Enablers and Challenges

Trend 5—Technology Trends: Electric Shuttles

Trend 5—Autonomous Technology as a Catalyst for DRT Implementation

Trend 5—Demand Responsive Transit: Future Vehicle Design

Trend 6—Electrification of Buses: Government Plan and Initiatives

Trend 7—Emission Regulation Landscape: GCC Bus Industry

PESTEL Overview of the Bus Industry in the Kingdom of Saudi Arabia (KSA)

Macroeconomic Trends Impacting the Bus Industry in KSA

Macroeconomic Trends Impacting the Bus Industry in KSA (continued)

Macroeconomic Trends Impacting the Bus Industry in KSA (continued)

KSA Bus Industry Historic Sales Analysis, 2010 to 2018

KSA Bus Industry Historic Sales Analysis—Application-Split, 2010 to 2018

KSA Bus Industry—Competition Landscape

Forecast Assumptions—KSA Bus Industry

KSA Bus Industry Forecast, 2019 to 2025

KSA Bus Industry Application Forecast, 2019 to 2025

PESTEL Overview of the Bus Industry in the UAE

Macroeconomic Trends Impacting the Bus Industry in UAE

Macroeconomic Trends Impacting the Bus Industry in UAE (continued)

Macroeconomic Trends Impacting the Bus Industry in UAE (continued)

UAE Bus Industry Historic Sales Analysis, 2010 to 2018

UAE Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

UAE Bus Industry—Competition Landscape

Forecast Assumptions—UAE Bus Industry

UAE Bus Industry Forecast, 2019 to 2025

UAE Bus Industry Application Split Forecast, 2019 to 2025

PESTEL Overview of the Bus Industry in Kuwait

Macroeconomic Trends Impacting the Bus Industry in Kuwait

Macroeconomic Trends Impacting the Bus Industry in Kuwait (continued)

Macroeconomic Trends Impacting the Bus Industry in Kuwait (continued)

Kuwait Bus Industry Historic Sales Analysis, 2010 to 2018

Kuwait Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

Kuwait Bus Industry—Competition Landscape

Forecast Assumptions—Kuwait Bus Industry

Kuwait Bus Industry Forecast, 2019 to 2025

Kuwait Bus Industry Application Forecast, 2019 to 2025

PESTEL Overview of Bus Industry in Oman

Macroeconomic Trends Impacting the Bus Industry in Oman

Macroeconomic Trends Impacting the Bus Industry in Oman (continued)

Macroeconomic Trends Impacting the Bus Industry in Oman (continued)

Oman Bus Industry Historic Sales Analysis, 2010 to 2018

Oman Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

Oman Bus Industry—Competition Landscape

Forecast Assumptions—Oman Bus Industry

Oman Bus Industry Forecast, 2019 to 2025

Oman Bus Industry Application Forecast, 2019 to 2025

PESTEL Overview of Bus Industry in Qatar

Macroeconomic Trends Impacting the Bus Industry in Qatar

Macroeconomic Trends Impacting the Bus Industry in Qatar (continued)

Macroeconomic Trends Impacting the Bus Industry in Qatar (continued)

Qatar Bus Industry Historic Sales Analysis, 2010 to 2018

Qatar Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

Qatar Bus Industry—Competition Landscape

Forecast Assumptions—Qatar Bus Industry

Qatar Bus Industry Forecast, 2019 to 2025

Qatar Bus Industry Application Forecast, 2019 to 2025

PESTEL Overview of Bus Industry in Bahrain

Macroeconomic Trends Impacting the Bus Industry in Bahrain

Macroeconomic Trends Impacting the Bus Industry in Bahrain (continued)

Macroeconomic Trends Impacting the Bus Industry in Bahrain (continued)

Bahrain Bus Industry Historic Sales Analysis, 2010 to 2018

Bahrain Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

Bahrain Bus Industry—Competition Landscape

Forecast Assumptions—Bahrain Bus Industry

Bahrain Bus Industry Forecast, 2019 to 2025

Bahrain Bus Industry Application Forecast, 2019 to 2025

GCC Bus Industry Historic Sales Analysis, 2010 to 2018

GCC Bus Industry Historic Sales Analysis—Application Split, 2010 to 2018

GCC Bus Industry—Competition Landscape

Forecast Assumptions—GCC Bus Industry

GCC Bus Industry Forecast, 2019 to 2025

GCC Bus Industry Application Forecast, 2019 to 2025

GCC Bus Industry—Key Findings

GCC Bus Industry—Key Findings (continued)

Top 3 Predictions for the GCC Bus Industry

Growth Opportunity 1—Investment to Boost Public Transport Infrastructure, 2020

Growth Opportunity 1—Investment to Boost Public Transport Infrastructure, 2020 (continued)

Growth Opportunity 2—Implementation of Higher Emission Standards Force Feet Overhauls and Stock Clearance at Dealerships and Road Transport Authorities, 2020

Growth Opportunity 2—Implementation of Higher Emission Standards Force Feet Overhauls and Stock Clearance at Dealerships and Road Transport Authorities, 2020 (continued)

List of Abbreviations

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
The GCC bus industry is expected to grow at a compound annual growth (CAGR) of 3.6% by 2025. Industry sales have been severely impacted by the economic downturn, resulting from decline in oil prices due to the OPEC Agreement. Moreover, the COVID-19 pandemic is having a major effect on GCC bus industry sales, which are estimated to decline by 19% in 2020. An expected rollback of GCC government infrastructure development projects in Q2/ Q3 of 2021 and government initiatives to diversify economies and investments in non-oil reforms will help the GCC bus industry gain momentum in the next 3 to 4 years. Key trends expected to fuel demand for new buses include the following: increasing urbanization; government focus on boosting public transportation infrastructure in alignment with National Vision 2030 to make the GCC a world-class tourist destination; implementation of emission regulations; deployment of integrated and multi-modal transportation practices; implementation of On-Demand Responsive Transit systems; increasing adoption of autonomous, driverless shuttles in public transportation fleets by respective transit authorities; increasing penetration of digitalization; and increasing adoption of telematics and connected vehicles. This study covers the medium- and heavy-duty bus market in the GCC nations (Kingdom of Saudi Arabia, Kuwait, United Arab Emirates, Oman, Qatar, and Bahrain), including application-specific bus segment (school, staff and labor, transit, and coach) sales volumes, both historic and forecasts up to 2025. The 2 Core Objectives of this Study: • Provide a strategic overview of the GCC bus industry, including key and emerging mega trends and opportunities shaping its future • Present market size and forecasts of the medium- and heavy-duty bus industry--BEGIN PROMO--

Key Issues Addressed

  • What is the current state of the bus industry in select GCC countries?
  • How large will the bus industry get in select GCC countries by 2025?
  • Who are the major market participants and what is their market share?
  • What is driving the bus industry across GCC?
  • What is the impact of regulatory and macro-economic trends on bus industry growth?

Author: Ankush Katailiha

More Information
No Index No
Podcast No
Author Ankush Katailiha
Industries Automotive
WIP Number PB56-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9963-A6,9883-A6,9889-A6