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Global Bus Market: By Type: Single Deck, Double Deck; By Application: Transit Bus, Intercity/Coaches, Others; By Fuel Type: Diesel, Electric and Hybrid, Others; By Seat Capacity: 15-30 Seats, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Bus Market Outlook

The global bus market attained a value of about USD 37.5 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 8.1% to reach nearly USD 59.8 billion by 2026.

 

Advancements and Innovations in Public Transportation Invigorating the Growth of the Bus Industry

The market for bus is being driven by the rising demand for innovations and advancements in public transportation. As online presence is increasingly becoming integral to all businesses, various small and medium-sized bus owners are developing their websites to expand the distribution networks. Hence, the growing popularity of online channels is invigorating the industry growth. In addition, the advent of mobile wallets and remote payments in emerging regions, such as India, South Africa, and Brazil, among others, is leading to a surge in digital ticketing, consequently surging their demand in the bus industry.

 

Global Bus Market

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Rising Popularity of Electric Buses in Europe to Bolster the Market Growth

The rising popularity of electric buses is significantly contributing to the market growth. Europe is one of the most significant markets for electric buses owing to the introduction of various measures by governments to curb pollution levels. Moreover, the wide availability of charging stations in the region is surging the deployment of electric buses, hence strengthening the industry growth. In addition, the growing demand for sustainable and energy-efficient public transport is further fuelling the growth of the bus industry. The electrification of public transport in various countries such as Switzerland is also leading to a surge in the demand for electric buses, hence accelerating the overall growth of the bus industry.

 

Bus: Industry Definition and Segmentation

A bus is a four-wheeled motor vehicle that is deployed to carry passengers on a fixed route. It is integral in public transportation and is extensively used in urban areas. It can also be used for scheduled transport, tourism, and school transport. A bus is further utilised for advertising, such as in political campaigning, promotion, and public information campaigning.

The major types of bus are:

  • Single Deck
  • Double Deck

The market can be broadly categorised on the basis of its applications segments into:

  • Transit Bus
  • Intercity/Coaches
  • Others

By fuel type, the market is divided into:

  • Diesel
  • Electric and Hybrid
  • Others

Based on seat capacity, the market is segmented into:

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

The EMR report looks into the regional markets of bus like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Double-Decker Buses for Long Commute to Augment the Market Growth

The increasing demand for branded buses for long-distance commutes in several regions is augmenting the market growth. With the emergence of the middle class, the demand for comfortable travel is considerably surging, consequently increasing the use of intercity bus travel. The demand for double-decker buses that can provide enhanced safety and hygiene is escalating in the wake of the COVID-19 outbreak, which is providing further impetus to the industry growth.

The initiation of consumer-oriented services and solutions to enhance public transportation and mobility services are increasing the demand for buses, therefore propelling the market growth. Moreover, the rising demand for buses integrated with contactless payment methods, especially after the COVID-19 pandemic, is augmenting the industry growth. The potential use of big data to optimise routes, vehicle dispatch, and schedules while increasing automation is estimated to surge the transportation by buses, which is projected to propel the market growth. In addition, the introduction of bus lanes and smart traffic lights management to prevent congestion is anticipated to surge the deployment of buses in the upcoming years. As well-positioned bus stops are increasingly developed, the convenience offered by buses is escalating, which is further expected to augment the industry growth.

 

Key Industry Players in the Global Bus Market

The report presents a detailed analysis of the following key players in the global bus market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Anhui Ankai Automobile Company
  • Daimler AG
  • NFI Group Inc.
  • AB Volvo
  • Solaris Bus & Coach sp. z o.o.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Fuel Type, Seat Capacity, Region
Breakup by Type Single Deck, Double Deck
Breakup by Application Transit Bus, Intercity/Coaches, Others
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 Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Anhui Ankai Automobile Company, Daimler AG, NFI Group Inc., AB Volvo, Solaris Bus & Coach sp. z o.o., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Bus Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bus Historical Market (2016-2020) 
    8.3    Global Bus Market Forecast (2021-2026)
    8.4    Global Bus Market by Type
        8.4.1    Single Deck
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Double Deck
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Bus Market by Application
        8.5.1    Transit Bus
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Intercity/Coaches
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Others
    8.6    Global Bus Market by Fuel Type
        8.6.1    Diesel
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Electric and Hybrid
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Bus Market by Seat Capacity
        8.7.1    15-30 Seats
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    31-50 Seats
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    More than 50 Seats
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
    8.8    Global Bus Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Anhui Ankai Automobile Company
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Daimler AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    NFI Group Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    AB Volvo
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Solaris Bus & Coach sp. z o.o.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Bus Market: Key Industry Highlights, 2016 and 2026
2.    Global Bus Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Bus Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Bus Historical Market: Breakup by Fuel Type (USD Billion), 2016-2020
5.    Global Bus Market Forecast: Breakup by Fuel Type (USD Billion), 2021-2026
6.    Global Bus Historical Market: Breakup by Seat Capacity (USD Billion), 2016-2020
7.    Global Bus Market Forecast: Breakup by Seat Capacity (USD Billion), 2021-2026
8.    Global Bus Historical Market: Breakup by Application (USD Billion), 2016-2020
9.    Global Bus Market Forecast: Breakup by Application (USD Billion), 2021-2026
10.    Global Bus Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Bus Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Bus Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Bus Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Bus Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Bus Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Bus Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Bus Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Bus Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Bus Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Bus Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Bus Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Bus Market Structure

Key Questions Answered in the Report

In 2020, the global bus market attained a value of nearly USD 37.5 billion.

The market is projected to grow at a CAGR of 8.1% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 59.8 billion by 2026.

The market is being aided by the growing popularity of online ticketing platforms, the advent of digital ticketing, and the rising deployment of electric buses.

The industry is expected to be driven by the integration of the latest technologies such as Big Data in buses, the rising demand for branded buses, and the improvements in public transportation.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major types of bus in the industry are single deck and double deck.

The significant application segments in the market are transit bus and intercity/coaches, among others.

The various fuel types of bus are diesel and electric and hybrid, among others.

The leading seat types of bus are 15-30 seats, 31-50 seats, and more than 50 seats.

The major players in the industry are Anhui Ankai Automobile Company, Daimler AG, NFI Group Inc., AB Volvo, and Solaris Bus & Coach sp. z o.o., among others.

Analyst Review

The global bus market attained a value of nearly USD 37.5 billion in 2020, driven by the rising demand for electric buses. Aided by the integration of the latest technologies such as Big Data in buses, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 8.1%. The market is projected to reach about USD 59.8 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the bus industry can be segmented into single deck and double deck. On the basis of application, the industry is divided into transit bus and intercity/coaches, among others. By fuel type, the market is categorised into diesel and electric and hybrid, among others. Based on seat capacity, the industry is classified into 15-30 seats, 31-50 seats, and more than 50 seats. The major regional markets for bus are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Anhui Ankai Automobile Company, Daimler AG, NFI Group Inc., AB Volvo, and Solaris Bus & Coach sp. z o.o., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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