Minibus Market Report 2026

The minibus market size has grown strongly in recent years. It will grow from $10.29 billion in 2025 to $10.82 billion in 2026 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to urban mobility growth, tourism sector expansion, demand for compact transport, cost-effective passenger vehicles, public transit needs.

The minibus market size is expected to see steady growth in the next few years. It will grow to $13.01 billion in 2030 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to electric vehicle incentives, smart city projects, emission reduction policies, shared mobility growth, demand for efficient last-mile transport. Major trends in the forecast period include rising demand for electric minibuses, growth of shuttle and feeder services, adoption of smart fleet systems, expansion of tourism transport, focus on passenger comfort.

The growing demand for tourism is expected to drive the growth of the minibus market in the future. Tourism involves traveling away from one's usual place of residence for leisure, business, or other purposes. Factors contributing to the rise in tourism include increasing disposable incomes, better accessibility through improved transportation, heightened cultural curiosity, social media influence, event tourism, business and educational travel, and more leisure time. Minibuses are used in tourism to provide efficient and comfortable transportation for small groups, offering flexibility and convenience for sightseeing and guided tours. For example, the Office for National Statistics reported in May 2024 that UK tourists took 86.2 million trips abroad in 2023, up from 71 million trips in 2022. This growing demand for tourism is fueling the expansion of the minibus market.

Leading companies in the minibus market are focusing on developing advanced solutions, such as autonomous minibuses, to enhance passenger convenience and safety. Autonomous minibuses are self-driving vehicles equipped with advanced technology that allows them to navigate and operate without human intervention. For instance, in May 2024, Renault Group, a France-based automobile manufacturer, introduced an autonomous minibus for public transportation. This vehicle features Level 4 autonomy, enabling self-driving capabilities within designated areas. This development supports the demand for low-carbon mobility solutions as European cities transition to low-emission zones. The minibus is designed to operate around the clock with minimal remote supervision, potentially lowering automation costs and providing a cost-effective, zero-emission alternative to traditional public transport.

In September 2023, Altas Auto, a US-based manufacturer of lightweight electric vehicles, partnered with Zhongtong Bus Holding Co. Ltd. to produce electric minibuses for the European market. This partnership combines Altas Auto's expertise in the European minibus sector with Zhongtong's extensive experience in electric bus manufacturing. Zhongtong Bus Holding Co., Ltd., based in China, specializes in electric minibuses.

Major companies operating in the minibus market report include Volkswagen Group, TOYOTA MOTOR CORPORATION, Stellantis N.V., Ford Motor Company, General Motors Company, Hyundai Motor Company, Nissan Motor Co Ltd., BYD Motors Inc., AB Volvo, Tata Motors Limited, Dongfeng Motor Corporation, Iveco Group NV., MAN Truck & Bus SE, Ashok Leyland Limited, Marcopolo SA, Anhui Ankai Automobile Co Ltd., Force Motors Limited, Thomas Built Buses Inc, Woodall Nicholson Limited (Mellor Coachcraft), Karsan Otomotiv Sanayii ve Ticaret A.Ş., Rosero - P S.R.O., Kingstar Bus Co Ltd., Integralia Movilidad S.L.

North America was the largest region in the minibus market in 2025. The regions covered in the minibus market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the minibus market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The minibus market consists of sales of standard minibus, school minibus, accessible minibus, convertible minibus, high roof minibus, electric minibus, and camper minibus. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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