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Global Buses and Coaches Market 2017-2021

Global Buses and Coaches Market 2017-2021

About Buses and Coaches

Buses and coaches play a crucial role in the transportation system for connecting cities through roads. Their demand goes hand in hand with several, mostly region-specific, factors, including demographics, increasing mobility of people, and environmental awareness, as well as public funding. Buses and coaches are cheap and easy to use as compared with other modes of transportation. Their use does not necessarily require the implementation of a specific infrastructure, which makes buses and coaches ideal vehicles for both short- and long-distance services.

Technavio’s analysts forecast the global buses and coaches market to grow at a CAGR of 4.97% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global buses and coaches market for 2017-2021. To calculate the market size, the report considers the new shipments/sales of buses and coaches.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Buses and Coaches Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daimler
  • MAN
  • Scania
  • Volvo
  • Xiamen King Long United Automotive Industry
  • YUTONG
Other prominent vendors
  • ANKAI
  • Ashok Leyland
  • Eicher Motors Limited
  • Higer Bus
  • Hyundai Motor Company
  • IVECO
  • Marcopolo
  • TATA Motors
  • VDL Bus & Coach
  • Zhongtong Bus
Market driver
  • Subsidies provided by government to boost electric buses and coaches
  • For a full, detailed list, view our report
Market challenge
  • High initial investment for alternative fuel buses and coaches
  • For a full, detailed list, view our report
Market trend
  • Automobile makers showing an increase in shift from conventional fuel
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Buses and Coaches Market 2017-2021

Technavio recognizes the following companies as the key players in the global buses and coaches market: Daimler, MAN, Scania, Volvo, Xiamen King Long United Automotive Industry, and YUTONG

Other Prominent Vendors in the market are: ANKAI, Ashok Leyland, Eicher Motors Limited, Higer Bus, Hyundai Motor Company, IVECO, Marcopolo, TATA Motors, VDL Bus & Coach, and Zhongtong Bus.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Automobile makers showing an increase in shift from conventional fuel. Conventional automobiles operate on non-renewable energy sources, such as diesel and petrol. As there is an increasing demand for non-renewable sources and the supply for the same is depleting rapidly, an imbalance in supply and demand is created, which, in turn, increases the price of petrol and diesel. As there is only a limited amount of resources left, the leading vendors and various startups are looking for alternative sources of energy that can be used to power buses and coaches effectively. The vehicles that operate on diesel and petrol emit a certain amount of GHG into the atmosphere. However, various regulatory bodies around the globe have set a limit for the emission of these GHG, compelling the vendors to look for permanent solutions.”

According to the report, one of the major drivers for this market is Subsidies provided by government to boost electric buses and coaches. Electric buses have been successfully operated around the world since 2009. Hybrid buses and electric buses are estimated to have an exponential growth with a CAGR of 17.14% and 28.85%, respectively, during the forecast period. Various technological advancements, such the development of lithium-ion batteries, solid-state batteries, lithium-sulfur batteries, and aluminum ion batteries, are expected to revolutionize the global buses and coaches market.

Further, the report states that one of the major factors hindering the growth of this market is High initial investment for alternative fuel buses and coaches. The cost of procuring/owning a bus powered by alternative fuel, such as electric buses and hybrid buses, is comparatively higher than that for a bus powered by diesel. This is a major factor hindering the demand for electric and hybrid buses and coaches. The demand for buses and coaches in APAC is comparatively higher and is expected to grow at a CAGR of 5.24% during the forecast period from 2016 to 2021 as there is an exponential growth in population.

Companies Mentioned

Daimler, MAN, Scania, Volvo, Xiamen King Long United Automotive Industry, and YUTONG, ANKAI, Ashok Leyland, Eicher Motors Limited, Higer Bus, Hyundai Motor Company, IVECO, Marcopolo, TATA Motors, VDL Bus & Coach, and Zhongtong Bus.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of alternative fuel used to power buses and coaches
  • Market landscape
    • Market overview
      • Table Market segmentation of global buses and coaches market 2016
    • Market size and forecast
      • Table Global buses and coaches market 2016-2021 (units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by fuel type
    • Global buses and coaches operating on various fuel types
      • Table Global buses and coaches operating on various fuel types 2016
      • Table Global buses and coaches operating on various fuel types 2021
      • Table Fuel types used to power buses and coaches 2016-2021 (% share)
    • Global diesel buses and coaches market
      • Table Global diesel buses and coaches market 2016-2021 (units)
    • Global electric buses and coaches market
      • Table Global electric buses and coaches market 2016-2021 (units)
    • Global ethanol buses and coaches market
      • Table Global ethanol buses and coaches market 2016-2021 (units)
    • Global hybrid buses and coaches market
      • Table Global hybrid buses and coaches market 2016-2021 (units)
    • Global other (CNG/LNG/Solar) buses and coaches market
      • Table Global buses and coaches operating on other fuel types 2016-2021 (units)
  • Geographical segmentation
    • Global buses and coaches market by region
      • Table Global buses and coaches market by region 2016
      • Table Global buses and coaches market by region 2021
      • Table Global buses and coaches market by region 2016-2021
    • Buses and coaches market in APAC
      • Table Buses and coaches market in APAC 2016-2021 (units)
      • Table Fuel type used in buses and coaches in APAC 2016-2021 (%)
    • Buses and coaches market in EMEA
      • Table Buses and coaches market in EMEA 2016-2021 (units)
      • Table Fuel type used in buses and coaches in EMEA 2016-2021 (%)
    • Buses and coaches market in Americas
      • Table Buses and coaches market in Americas 2016-2021 (units)
      • Table Fuel type used in the buses and coaches in Americas 2016-2021 (%)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global buses and coaches that operate on alternate fuel 2016 and 2021 (%)
    • Market challenges
      • Table Price comparison between diesel, hybrid, and electric buses 2016 ($)
  • Market trends
    • Automobile makers showing an increase in shift from conventional fuel
    • Launch of innovative buses and coaches with advanced safety features by OEMs
    • Electric buses and coaches replacing conventional buses and coaches
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Daimler
      • Table Daimler: Revenue by division 2016 (% share)
      • Table Daimler: Recent developments
    • MAN
      • Table MAN: Sales revenue by business area 2016 (% share)
      • Table MAN: Sales revenue by geographical regions 2016 (% share)
      • Table MAN: Recent developments
    • Scania
      • Table Scania: Net sales by product segment 2016 (% share)
      • Table Scania: Geographical delivery of buses and coaches 2016 (% share)
      • Table Scania: Recent developments
    • Volvo
      • Table Volvo: Net sales by region in 2016 (%)
      • Table Volvo: Net sales by business area 2016 (%)
      • Table Volvo: Delivery of buses by market 2016 (units)
      • Table Volvo: Recent developments
    • Xiamen King Long United Automotive Industry
      • Table Xiamen King Long United Automotive Industry: Recent development
    • YUTONG
      • Table YUTONG: Recent development
  • Appendix
    • List of abbreviations
  • Explore Technavio

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