Bus Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The bus is the most prevalent mode of transportation in countries across the globe. Buses have gained a stable place in the public transportation segment. The demand for buses has increased significantly in recent years on account of the rapid population growth and urbanization. Asia Oceania will be the key future market for Transit buses. Government initiatives in various countries subsidizing the purchase of electric buses are encouraging manufacturers to come up with greener solutions, thereby offering numerous growth prospects in the future.
MARKET DYNAMICS
The bus market is anticipated to grow in the forecast period owing to driving factors such as increasing focus of the government towards improving public transportation networks coupled with the growth of on-demand bus service. Moreover, the electric bus segment is experiencing high demand due to prevailing concerns over pollution. However, growth in online cab booking services may restrain the growth of the global bus market during the forecast period. On the other hand, growth of the tourism industry is expected to garner significant opportunities for the players operating in the bus market over the coming years.
MARKET SCOPE
The "Global Bus Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of bus market with detailed market segmentation by type, fuel type, application, and geography. The global bus market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bus market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bus market is segmented on the basis of type, fuel type, and application. Based on type, the market is segmented as single deck and double deck. On the basis of the fuel type, the market is segmented as diesel, electric and hybrid, others. The market on the basis of the application is classified as intracity, intercity/coaches, and others.
![RD Image](https://www.theinsightpartners.com/assets/rdimages/TIPRE00007097-img1.png)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bus market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bus market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting bus market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the bus market in these regions.
![World Geography](https://www.theinsightpartners.com/assets/rdimages/world-geography.png)
Have a question?
![Analyst](https://www.theinsightpartners.com/assets/naveen-chittaragi.png)
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
![Analyst](https://www.theinsightpartners.com/assets/images/speak_analyst.gif)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global bus market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bus market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting bus market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the bus market in these regions.
MARKET PLAYERS
The reports cover key developments in the bus market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from bus market are anticipated to lucrative growth opportunities in the future with the rising demand for bus in the global market. Below mentioned is the list of few companies engaged in the bus market.
The report also includes the profiles of key bus companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- AB Volvo
- Alexander Dennis Limited
- Anhui Ankai Automobile Co., Ltd
- Ashok Leyland Ltd
- Daimler AG
- Tata Motors Limited ADR
- TRATON SE
- Xiamen King Long United Automotive Industry Co., Ltd.
- Yutong Group
- Zhengzhou Yutong Bus Co., Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bus Market - By Type
1.3.2 Bus Market - By Fuel Type
1.3.3 Bus Market - By Application
1.3.4 Bus Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BUS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BUS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BUS MARKET - GLOBAL MARKET ANALYSIS
6.1. BUS - GLOBAL MARKET OVERVIEW
6.2. BUS - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. BUS MARKET - REVENUE AND FORECASTS TO 2027 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SINGLE DECK
7.3.1. Overview
7.3.2. Single Deck Market Forecast and Analysis
7.4. DOUBLE DECK
7.4.1. Overview
7.4.2. Double Deck Market Forecast and Analysis
8. BUS MARKET - REVENUE AND FORECASTS TO 2027 - FUEL TYPE
8.1. OVERVIEW
8.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
8.3. DIESEL
8.3.1. Overview
8.3.2. Diesel Market Forecast and Analysis
8.4. ELECTRIC AND HYBRID
8.4.1. Overview
8.4.2. Electric and Hybrid Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. BUS MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. INTRACITY
9.3.1. Overview
9.3.2. Intracity Market Forecast and Analysis
9.4. INTERCITY/COACHES
9.4.1. Overview
9.4.2. Intercity/Coaches Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. BUS MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Bus Market Overview
10.1.2 North America Bus Market Forecasts and Analysis
10.1.3 North America Bus Market Forecasts and Analysis - By Type
10.1.4 North America Bus Market Forecasts and Analysis - By Fuel Type
10.1.5 North America Bus Market Forecasts and Analysis - By Application
10.1.6 North America Bus Market Forecasts and Analysis - By Countries
10.1.6.1 United States Bus Market
10.1.6.1.1 United States Bus Market by Type
10.1.6.1.2 United States Bus Market by Fuel Type
10.1.6.1.3 United States Bus Market by Application
10.1.6.2 Canada Bus Market
10.1.6.2.1 Canada Bus Market by Type
10.1.6.2.2 Canada Bus Market by Fuel Type
10.1.6.2.3 Canada Bus Market by Application
10.1.6.3 Mexico Bus Market
10.1.6.3.1 Mexico Bus Market by Type
10.1.6.3.2 Mexico Bus Market by Fuel Type
10.1.6.3.3 Mexico Bus Market by Application
10.2. EUROPE
10.2.1 Europe Bus Market Overview
10.2.2 Europe Bus Market Forecasts and Analysis
10.2.3 Europe Bus Market Forecasts and Analysis - By Type
10.2.4 Europe Bus Market Forecasts and Analysis - By Fuel Type
10.2.5 Europe Bus Market Forecasts and Analysis - By Application
10.2.6 Europe Bus Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Bus Market
10.2.6.1.1 Germany Bus Market by Type
10.2.6.1.2 Germany Bus Market by Fuel Type
10.2.6.1.3 Germany Bus Market by Application
10.2.6.2 France Bus Market
10.2.6.2.1 France Bus Market by Type
10.2.6.2.2 France Bus Market by Fuel Type
10.2.6.2.3 France Bus Market by Application
10.2.6.3 Italy Bus Market
10.2.6.3.1 Italy Bus Market by Type
10.2.6.3.2 Italy Bus Market by Fuel Type
10.2.6.3.3 Italy Bus Market by Application
10.2.6.4 United Kingdom Bus Market
10.2.6.4.1 United Kingdom Bus Market by Type
10.2.6.4.2 United Kingdom Bus Market by Fuel Type
10.2.6.4.3 United Kingdom Bus Market by Application
10.2.6.5 Russia Bus Market
10.2.6.5.1 Russia Bus Market by Type
10.2.6.5.2 Russia Bus Market by Fuel Type
10.2.6.5.3 Russia Bus Market by Application
10.2.6.6 Rest of Europe Bus Market
10.2.6.6.1 Rest of Europe Bus Market by Type
10.2.6.6.2 Rest of Europe Bus Market by Fuel Type
10.2.6.6.3 Rest of Europe Bus Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Bus Market Overview
10.3.2 Asia-Pacific Bus Market Forecasts and Analysis
10.3.3 Asia-Pacific Bus Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Bus Market Forecasts and Analysis - By Fuel Type
10.3.5 Asia-Pacific Bus Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Bus Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Bus Market
10.3.6.1.1 Australia Bus Market by Type
10.3.6.1.2 Australia Bus Market by Fuel Type
10.3.6.1.3 Australia Bus Market by Application
10.3.6.2 China Bus Market
10.3.6.2.1 China Bus Market by Type
10.3.6.2.2 China Bus Market by Fuel Type
10.3.6.2.3 China Bus Market by Application
10.3.6.3 India Bus Market
10.3.6.3.1 India Bus Market by Type
10.3.6.3.2 India Bus Market by Fuel Type
10.3.6.3.3 India Bus Market by Application
10.3.6.4 Japan Bus Market
10.3.6.4.1 Japan Bus Market by Type
10.3.6.4.2 Japan Bus Market by Fuel Type
10.3.6.4.3 Japan Bus Market by Application
10.3.6.5 South Korea Bus Market
10.3.6.5.1 South Korea Bus Market by Type
10.3.6.5.2 South Korea Bus Market by Fuel Type
10.3.6.5.3 South Korea Bus Market by Application
10.3.6.6 Rest of Asia-Pacific Bus Market
10.3.6.6.1 Rest of Asia-Pacific Bus Market by Type
10.3.6.6.2 Rest of Asia-Pacific Bus Market by Fuel Type
10.3.6.6.3 Rest of Asia-Pacific Bus Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Bus Market Overview
10.4.2 Middle East and Africa Bus Market Forecasts and Analysis
10.4.3 Middle East and Africa Bus Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Bus Market Forecasts and Analysis - By Fuel Type
10.4.5 Middle East and Africa Bus Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Bus Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Bus Market
10.4.6.1.1 South Africa Bus Market by Type
10.4.6.1.2 South Africa Bus Market by Fuel Type
10.4.6.1.3 South Africa Bus Market by Application
10.4.6.2 Saudi Arabia Bus Market
10.4.6.2.1 Saudi Arabia Bus Market by Type
10.4.6.2.2 Saudi Arabia Bus Market by Fuel Type
10.4.6.2.3 Saudi Arabia Bus Market by Application
10.4.6.3 U.A.E Bus Market
10.4.6.3.1 U.A.E Bus Market by Type
10.4.6.3.2 U.A.E Bus Market by Fuel Type
10.4.6.3.3 U.A.E Bus Market by Application
10.4.6.4 Rest of Middle East and Africa Bus Market
10.4.6.4.1 Rest of Middle East and Africa Bus Market by Type
10.4.6.4.2 Rest of Middle East and Africa Bus Market by Fuel Type
10.4.6.4.3 Rest of Middle East and Africa Bus Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Bus Market Overview
10.5.2 South and Central America Bus Market Forecasts and Analysis
10.5.3 South and Central America Bus Market Forecasts and Analysis - By Type
10.5.4 South and Central America Bus Market Forecasts and Analysis - By Fuel Type
10.5.5 South and Central America Bus Market Forecasts and Analysis - By Application
10.5.6 South and Central America Bus Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Bus Market
10.5.6.1.1 Brazil Bus Market by Type
10.5.6.1.2 Brazil Bus Market by Fuel Type
10.5.6.1.3 Brazil Bus Market by Application
10.5.6.2 Argentina Bus Market
10.5.6.2.1 Argentina Bus Market by Type
10.5.6.2.2 Argentina Bus Market by Fuel Type
10.5.6.2.3 Argentina Bus Market by Application
10.5.6.3 Rest of South and Central America Bus Market
10.5.6.3.1 Rest of South and Central America Bus Market by Type
10.5.6.3.2 Rest of South and Central America Bus Market by Fuel Type
10.5.6.3.3 Rest of South and Central America Bus Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. BUS MARKET, KEY COMPANY PROFILES
12.1. AB VOLVO
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ALEXANDER DENNIS LIMITED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ANHUI ANKAI AUTOMOBILE CO., LTD
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. ASHOK LEYLAND LTD
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DAIMLER AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. TATA MOTORS LIMITED ADR
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. TRATON SE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. XIAMEN KING LONG UNITED AUTOMOTIVE INDUSTRY CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. BYD AUTO CO., LTD
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZHENGZHOU YUTONG BUS CO., LTD.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. AB Volvo
2. Alexander Dennis Limited
3. Anhui Ankai Automobile Co., Ltd
4. Ashok Leyland Ltd
5. Daimler AG
6. Tata Motors Limited ADR
7. TRATON SE
8. Xiamen King Long United Automotive Industry Co., Ltd.
9. BYD Auto Co., Ltd
10. Zhengzhou Yutong Bus Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.