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Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Jun 14, 2023
Length 144 Pages
SKU # IMRC18015098

Description

Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global bus market size reached US$ 47.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.

A bus is a large motor vehicle designed for facilitating the movement of people within a city or to remote locations along a fixed route and schedule. It is one of the widely used forms of public transport across the globe that reduces air pollution and requires less fuel to move passengers and minimal investments to launch new lines or routes. At present, there is a rise in the number of people travelling via bus on account of inflating fuel prices, increasing traffic congestion and roadway expansion costs, and changing consumer preferences.

Bus Market Trends:
Due to rising environmental concerns, there is an increase in the number of people opting for public transport. This represents one of the key factors bolstering the growth of the market. Moreover, buses help individuals in social inclusion and avail benefits of education, employment, and healthcare facilities. They are also used for advertising about different products and political and public information campaigns. In addition, as they are operated by professional drivers, buses have a lower accident rate than other automobiles. This, coupled with the introduction of smart traffic lights (STL) management systems to reduce road congestion, is driving the market. Besides this, key players are focusing on strategic developments and mergers and acquisitions (M&A) to expand their geographical presence. Furthermore, governments of numerous countries are encouraging the adoption of electric buses to reduce the emissions of greenhouse (GHGs) gases, which is positively influencing the market. Some of the other factors, such as concessionary travel bus passes, rising automation in the transportation industry, rapid urbanization, and the increasing use of big data to optimize routes, vehicle dispatch, and schedules, are facilitating the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bus market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, fuel type, seat capacity and application.

Breakup by Type:

Single Deck
Double Deck

Breakup by Fuel Type:

Diesel
Electric and Hybrid
Others

Breakup by Seat Capacity:

15-30 Seats
31-50 Seats
More than 50 Seats

Breakup by Application:

Transit Bus
Intercity/Coaches
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Anhui Ankai Automobile Co. Ltd., Ashok Leyland (Hinduja Group), BYD Company Ltd., IVECO S.p.A, Mercedes-Benz Group AG, NFI Group, Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles S.A.), Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tata Motors Limited, Traton Group (Volkswagen AG), Xiamen King Long United Automotive Industry Co. Ltd. and Zhengzhou Yutong Bus Co. Ltd.

Key Questions Answered in This Report

1. What was the size of the global bus market in 2022?
2. What is the expected growth rate of the global bus market during 2023-2028?
3. What are the key factors driving the global bus market?
4. What has been the impact of COVID-19 on the global bus market?
5. What is the breakup of the global bus market based on the type?
6. What is the breakup of the global bus market based on the fuel type?
7. What is the breakup of the global bus market based on the application?
8. What are the key regions in the global bus market?
9. Who are the key players/companies in the global bus market?

Table of Contents

144 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bus Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Single Deck
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Double Deck
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Fuel Type
7.1 Diesel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electric and Hybrid
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Seat Capacity
8.1 15-30 Seats
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 31-50 Seats
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 More than 50 Seats
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Transit Bus
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Intercity/Coaches
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10  Market Breakup by Region
10.1 North America
10.1.1 United States
 10.1.1.1 Market Trends
 10.1.1.2 Market Forecast
10.1.2 Canada
 10.1.2.1 Market Trends
 10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
 10.2.1.1 Market Trends
 10.2.1.2 Market Forecast
10.2.2 Japan
 10.2.2.1 Market Trends
 10.2.2.2 Market Forecast
10.2.3 India
 10.2.3.1 Market Trends
 10.2.3.2 Market Forecast
10.2.4 South Korea
 10.2.4.1 Market Trends
 10.2.4.2 Market Forecast
10.2.5 Australia
 10.2.5.1 Market Trends
 10.2.5.2 Market Forecast
10.2.6 Indonesia
 10.2.6.1 Market Trends
 10.2.6.2 Market Forecast
10.2.7 Others
 10.2.7.1 Market Trends
 10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
 10.3.1.1 Market Trends
 10.3.1.2 Market Forecast
10.3.2 France
 10.3.2.1 Market Trends
 10.3.2.2 Market Forecast
10.3.3 United Kingdom
 10.3.3.1 Market Trends
 10.3.3.2 Market Forecast
10.3.4 Italy
 10.3.4.1 Market Trends
 10.3.4.2 Market Forecast
10.3.5 Spain
 10.3.5.1 Market Trends
 10.3.5.2 Market Forecast
10.3.6 Russia
 10.3.6.1 Market Trends
 10.3.6.2 Market Forecast
10.3.7 Others
 10.3.7.1 Market Trends
 10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
 10.4.1.1 Market Trends
 10.4.1.2 Market Forecast
10.4.2 Mexico
 10.4.2.1 Market Trends
 10.4.2.2 Market Forecast
10.4.3 Others
 10.4.3.1 Market Trends
 10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11  SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AB Volvo
 15.3.1.1 Company Overview
 15.3.1.2 Product Portfolio
 15.3.1.3 Financials
 15.3.1.4 SWOT Analysis
15.3.2 Anhui Ankai Automobile Co. Ltd.
 15.3.2.1 Company Overview
 15.3.2.2 Product Portfolio
 15.3.2.3 Financials
15.3.3 Ashok Leyland (Hinduja Group)
 15.3.3.1 Company Overview
 15.3.3.2 Product Portfolio
 15.3.3.3 Financials
 15.3.3.4 SWOT Analysis
15.3.4 BYD Company Ltd.
 15.3.4.1 Company Overview
 15.3.4.2 Product Portfolio
 15.3.4.3 Financials
 15.3.4.4 SWOT Analysis
15.3.5 IVECO S.p.A
 15.3.5.1 Company Overview
 15.3.5.2 Product Portfolio
15.3.6 Mercedes-Benz Group AG
 15.3.6.1 Company Overview
 15.3.6.2 Product Portfolio
 15.3.6.3 Financials
 15.3.6.4 SWOT Analysis
15.3.7 NFI Group
 15.3.7.1 Company Overview
 15.3.7.2 Product Portfolio
 15.3.7.3 Financials
15.3.8 Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles S.A.)
 15.3.8.1 Company Overview
 15.3.8.2 Product Portfolio
15.3.9 Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
 15.3.9.1 Company Overview
 15.3.9.2 Product Portfolio
15.3.10 Tata Motors Limited
 15.3.10.1 Company Overview
 15.3.10.2 Product Portfolio
 15.3.10.3 Financials
 15.3.10.4 SWOT Analysis
15.3.11 Traton Group (Volkswagen AG)
 15.3.11.1 Company Overview
 15.3.11.2 Product Portfolio
 15.3.11.3 Financials
15.3.12 Xiamen King Long United Automotive Industry Co. Ltd.
 15.3.12.1 Company Overview
 15.3.12.2 Product Portfolio
 15.3.12.3 Financials
15.3.13 Zhengzhou Yutong Bus Co. Ltd.
 15.3.13.1 Company Overview
 15.3.13.2 Product Portfolio
 15.3.13.3 Financials

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