PUBLISHER: TechSci Research | PRODUCT CODE: 1073063
PUBLISHER: TechSci Research | PRODUCT CODE: 1073063
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The Europe bus and coach market was valued at USD5,101.92 million in 2021, and it is anticipated to grow with a CAGR of 4.44% to reach USD6,809.06 million in 2027. Factors such as the surge in demand for public transportation services and the booming travel & tourism industry are the key drivers for the Europe bus and coach market. Also, the supportive government policies promoting the partnership between public and private enterprises and the introduction of high-performance and fuel-efficient buses and coaches are expected to play a crucial role to accelerate the growth of the Europe bus and coach market.
Buses are the most common public transportation service in European cities and urban and suburban areas. Most consumers prefer buses as they provide the consumers with a cost-effective, comfortable, and convenient mode of transportation for daily commute purposes. Europe is among the most in-demand tourist destinations worldwide, with countries like Spain, France, and the United Kingdom. They come among the most frequently visited holiday destination across the world. Tourists and travellers opt to travel and visit different tourist destinations by European buses. They are considered the common inter-city and intra-city transportation modes as the buses and coaches are comfortable and luxurious for long-distance travel. The government is also working on the upgradation and improvement of the existing transportation infrastructure and road network. They are partnering up with private market players and allocating huge funds for the development of the European transportation system, which is expected to create numerous growth opportunities for the Europe bus and coach market.
The Europe bus and coach market is segmented into vehicle type, bus type, length, seating capacity, fuel type, body type, country, and competitive landscape. Based on the country analysis, France dominated the market in 2021 with a market share of 19.16% of the overall market share. The segment is expected to maintain its dominance through the next five years. Many people residing in France are tourists, students, and employees who require a massive fleet of buses for daily commuting purposes are expected to accelerate the demand for the Europe bus and coach market for the next five years.
Mercedes-Benz AG (Daimler AG), IVECO S.p.A., MAN Truck & Bus SE, Scania AB, AB Volvo, EvoBus GmbH (Setra), Temsa Skoda Sabanci Ulasim Araclari A.S., Alexander Dennis Limited are the major players operating in the Europe bus and coach market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of Europe bus and coach market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Europe bus and coach market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Bus
Coach
Intercity Bus
Intracity Bus
Above 12m
10-12m
8-10m
6-8m
Above 50
41-50
31-40
Up to 30
Diesel
Electric
Hybrid
Alternative Fuel
FCEV
Petrol
France
Germany
United Kingdom
Italy
NORDIC Countries
Spain
Belgium
Switzerland
Portugal
Netherlands
Rest of Europe
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Europe bus and coach market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
10.2.1.1.By Bus Type
11.2.1.1.By Bus Type
12.2.1.1.By Bus Type
13.2.1.1.By Bus Type
14.2.1.1.By Bus Type
15.2.1.1.By Bus Type