The Buses segment in in Bangladesh is projected to grow by 4.07% (2023-2027) resulting in a market volume of US$29.32m in 2027.
According to Bangladesh Motor Vehicle Registered in Dhaka, Bus data was reported at 2,233.000 Unit in 2022. This records an increase from the previous number of 1,213.000 Unit for 2021.
Dhaka Commercial Automotive Show is the Oldest & Biggest of its kind serving the Commercial Automotive Industry of Bangladesh for almost a decade now.
According to Bangladesh Road Transport Authority for almost a decade the market for commercial vehicles has grown at a rate of 14% to 20% each year until 2020. Now it is expected to be even more.
The Padma Bridge - which was a 30,193 crore BDT project - is predicted to create demand for thousands of commercial vehicles worth at least $500 million for at least the next five years.
Bangladesh government is set to procure 65 more trucks from India through a deal as part of a $2.0 billion line of credit (LoC) between the two countries, further boosting the growth of the sector.
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