Key regions: Malaysia, Thailand, India, Saudi Arabia, Europe
The Buses market in Switzerland is experiencing steady growth due to several factors. Customer preferences are shifting towards more sustainable modes of transportation, leading to increased demand for buses. Additionally, the Swiss government has implemented policies to promote public transportation, further driving the market growth. Local special circumstances, such as the country's mountainous terrain and high population density in urban areas, also contribute to the demand for buses. Lastly, underlying macroeconomic factors, such as population growth and urbanization, play a significant role in shaping the market trends. Customer preferences in Switzerland are increasingly focused on sustainability and environmental consciousness. As awareness about climate change and the need to reduce carbon emissions grows, more people are opting for public transportation options like buses. Buses offer an eco-friendly mode of transportation, as they can accommodate a large number of passengers and emit fewer emissions per person compared to individual cars. This shift in customer preferences towards sustainable transportation options is driving the growth of the buses market in Switzerland. Trends in the market show an increasing demand for electric and hybrid buses. The Swiss government has set ambitious targets to reduce carbon emissions, and the transportation sector plays a crucial role in achieving these goals. As a result, there is a growing emphasis on electrification in the buses market. Electric buses offer zero-emission transportation, making them an attractive option for both customers and policymakers. Additionally, advancements in battery technology have made electric buses more viable in terms of range and charging infrastructure. The increasing adoption of electric and hybrid buses is expected to continue as the technology improves and becomes more cost-effective. Local special circumstances in Switzerland contribute to the demand for buses. The country's mountainous terrain makes it challenging to build extensive road networks, especially in rural areas. Buses provide a flexible and efficient mode of transportation in such regions, allowing people to access remote areas without the need for private vehicles. Furthermore, Switzerland has a high population density in urban areas, which leads to congestion and limited parking space. Buses offer a solution to these challenges by providing a convenient and space-efficient mode of transportation. Underlying macroeconomic factors, such as population growth and urbanization, also drive the growth of the buses market in Switzerland. The country has experienced steady population growth over the years, leading to increased demand for transportation services. Urbanization further intensifies the need for efficient public transportation systems to cater to the growing urban population. Buses play a vital role in providing affordable and accessible transportation options for both urban and rural residents. In conclusion, the Buses market in Switzerland is experiencing growth due to shifting customer preferences towards sustainable transportation, the emphasis on electrification, local special circumstances, and underlying macroeconomic factors. The demand for buses is expected to continue to rise as the country strives to achieve its environmental goals and provide efficient transportation solutions for its population.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bus tickets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
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