Bus Trends and Forecast
The future of the global bus market looks promising with opportunities in the transit bus, intercity bus/motorcoaches, and school bus markets. The global bus market is expected to reach an estimated $68.2 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing emphasis on passenger comfort in public transit, expanding availability of electric autonomous buses, and growing attention on environmentally friendly and sustainable transportation options to lower emissions and air pollution.Bus by Segment
The study includes a forecast for the global bus by type, fuel type, seating capacity, application, and region.Bus Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Single Deck
- Double Deck
Bus Market by Fuel Type [Shipment Analysis by Value from 2018 to 2030]
- Diesel
- Battery Electric
- Plug-In Hybrid
- Fuel Cell Electric
- Others
Bus Market by Seating Capacity [Shipment Analysis by Value from 2018 to 2030]
- Up To 30 Seats
- 31 - 50 Seats
- More Than 50 Seats
Bus Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Transit Bus
- Intercity Bus/Motorcoaches
- School Bus
- Others
Bus Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Bus Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bus companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bus companies profiled in this report include-- AB Volvo
- BYD Motors
- Jiangling Motors
- BAIC
- Xiamen King Long Motor
- Shanghai Automotive Industry
- Changan Automobile
Bus Market Insights
The publisher forecasts that diesel will remain the largest segment over the forecast period because the internal combustion engines powered by diesel fuel are a feature of diesel buses, and diesel engines are a good option for larger vehicles like buses owing to their reputation for dependability and fuel economy.APAC is expected to witness highest growth over the forecast period due to its growing population, economic growth, supportive government policies and the need for efficient urban transport solutions.
Features of the Global Bus Market
- Market Size Estimates: Bus market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Bus market size by type, fuel type, seating capacity, application, and region in terms of value ($B).
- Regional Analysis: Bus market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, fuel type, seating capacity, application, and regions for the bus market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bus market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the bus market size?Answer: The global bus market is expected to reach an estimated $68.2 billion by 2030.
Q2. What is the growth forecast for bus market?
Answer: The global bus market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bus market?
Answer: The major drivers for this market are growing emphasis on passenger comfort in public transit, expanding availability of electric autonomous buses, and growing attention on environmentally friendly and sustainable transportation options to lower emissions and air pollution.
Q4. What are the major segments for bus market?
Answer: The future of the global bus market looks promising with opportunities in the transit bus, intercity bus/motorcoaches, and school bus markets.
Q5. Who are the key bus market companies?
Answer: Some of the key bus companies are as follows:
- AB Volvo
- BYD Motors
- Jiangling Motors
- BAIC
- Xiamen King Long Motor
- Shanghai Automotive Industry
- Changan Automobile
Answer: The publisher forecasts that diesel will remain the largest segment over the forecast period because the internal combustion engines powered by diesel fuel are a feature of diesel buses, and diesel engines are a good option for larger vehicles like buses owing to their reputation for dependability and fuel economy.
Q7. In bus market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to its growing population, economic growth, supportive government policies and the need for efficient urban transport solutions.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bus market by type (single deck and double deck), fuel type (diesel, battery electric, plug-in hybrid, fuel cell electric, and others), seating capacity (up to 30 seats, 31 - 50 seats, and more than 50 seats), application (transit bus, intercity bus/motorcoaches, school bus, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Bus Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- BYD Motors
- Jiangling Motors
- BAIC
- Xiamen King Long Motor
- Shanghai Automotive Industry
- Changan Automobile
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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