PUBLISHER: IMARC | PRODUCT CODE: 1298821
PUBLISHER: IMARC | PRODUCT CODE: 1298821
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
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
- 10.1.1 United States
- 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
- 10.2.1 China
- 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
- 10.3.1 Germany
- 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
- 10.4.1 Brazil
- 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
- 15.3.1 AB Volvo
List of Figures
- Figure 1: Global: Bus Market: Major Drivers and Challenges
- Figure 2: Global: Bus Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Bus Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Bus Market: Breakup by Type (in %), 2022
- Figure 5: Global: Bus Market: Breakup by Fuel Type (in %), 2022
- Figure 6: Global: Bus Market: Breakup by Seat Capacity (in %), 2022
- Figure 7: Global: Bus Market: Breakup by Application (in %), 2022
- Figure 8: Global: Bus Market: Breakup by Region (in %), 2022
- Figure 9: Global: Bus (Single Deck) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Bus (Single Deck) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Bus (Double Deck) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Bus (Double Deck) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Bus (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Bus (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Bus (Electric and Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Bus (Electric and Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Bus (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Bus (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Bus (15-30 Seats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Bus (15-30 Seats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Bus (31-50 Seats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Bus (31-50 Seats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Bus (More than 50 Seats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Bus (More than 50 Seats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Bus (Transit Bus) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Bus (Transit Bus) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Bus (Intercity/Coaches) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Bus (Intercity/Coaches) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Bus (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Bus (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: Bus Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: Bus Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: Bus Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: Bus Industry: SWOT Analysis
- Figure 81: Global: Bus Industry: Value Chain Analysis
- Figure 82: Global: Bus Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Bus Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Bus Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Bus Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
- Table 4: Global: Bus Market Forecast: Breakup by Seat Capacity (in Million US$), 2023-2028
- Table 5: Global: Bus Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Bus Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Bus Market: Competitive Structure
- Table 8: Global: Bus Market: Key Players
