Bus Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Single and Double), By Application (Intercity, Intracity), By Fuel Type (Diesel, Battery Electric, Plug-in Hybrid, Fuel Cell Electric, and Others), By Seating Capacity (Up to 30 Seats, 31-50 Seats, More than 50 Seats), By Length (Up to 6-8 Meters, 8-10 Meters, 10-12 Meters, Above 12 Meters), By Regional, and By Competition

  • Industry : Automotive
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 210 billion

CAGR (2023-2028)

6.4%

Fastest Growing Segment

Diesel

Largest Market

Asia-Pacific

 

Market Overview

Global Bus Market has valued at USD 210 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.4% through 2028. The Global Bus Market holds a significant position in the transportation industry, providing essential mobility solutions for both urban and intercity travel. Buses serve as a vital component of public transportation systems worldwide, catering to the growing needs of urbanization, population density, and environmental sustainability. In urban areas, where congestion and pollution are major challenges, buses play a pivotal role in offering a convenient, cost-effective, and eco-friendly mode of transportation. The need for efficient mass transit options has led to the expansion of bus fleets in many cities, with a focus on improving connectivity and reducing traffic congestion. This trend is especially crucial in emerging economies, where rapid urbanization demands effective solutions to address mobility challenges. Government initiatives and policies aimed at promoting sustainable transportation have further fueled the growth of the bus market. Many countries are emphasizing the importance of reducing carbon emissions, air pollution, and traffic congestion.

As a result, there is a growing emphasis on the adoption of cleaner and more energy-efficient buses, such as electric buses and buses powered by alternative fuels like natural gas. The advancement of electric and autonomous vehicle technologies has also significantly impacted the bus market. Electric buses are gaining traction due to their lower emissions, reduced operating costs, and quieter operation. Moreover, autonomous buses are being developed and tested to offer safer and more efficient transportation solutions. The integration of smart technologies into buses, such as connectivity features and real-time passenger information systems, enhances the overall passenger experience. Intercity and long-distance travel also contribute to the global bus market's dynamics. Buses provide an economical and accessible mode of transportation for people traveling between cities or regions. These buses are often equipped with amenities that ensure passenger comfort during extended journeys. In conclusion, the Global Bus Market serves as a critical component of modern transportation systems, addressing challenges related to urbanization, sustainability, and connectivity. The market's evolution is shaped by a combination of factors, including government policies, technological advancements, environmental concerns, and changing consumer preferences. As cities and societies continue to evolve, the bus market will likely continue to adapt and innovate to meet the diverse and dynamic demands of public transportation.

Key Market Drivers

Urbanization and Population Density

One of the primary drivers of the Global Bus Market is the ongoing process of urbanization. As more people migrate to urban areas in search of better opportunities, cities experience increased population density and congestion. Buses play a crucial role in providing efficient and cost-effective public transportation solutions that can move a large number of people simultaneously, reducing the strain on road infrastructure and alleviating traffic congestion.

Public Transportation Needs

Rapid urbanization underscores the need for effective public transportation systems. Buses offer a versatile mode of transit that can be tailored to serve diverse routes and passenger demographics. They provide a practical alternative to private vehicles, particularly in areas with limited parking and high traffic volumes. Governments and urban planners recognize the importance of a well-developed public transportation network in enhancing overall mobility and reducing the environmental impact of individual car usage.

Environmental Sustainability and Emissions Reduction

The growing concern over environmental sustainability and air quality has driven the adoption of cleaner transportation options. Buses powered by alternative fuels, such as compressed natural gas (CNG) and hydrogen, emit fewer pollutants compared to traditional diesel buses. Furthermore, the rise of electric buses is a significant driver, as they produce zero tailpipe emissions and offer a promising solution for reducing carbon footprints in urban areas.


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Government Initiatives and Policies

Government policies play a pivotal role in shaping the Global Bus Market. Many governments are implementing regulations to reduce emissions, congestion, and reliance on fossil fuels. Subsidies, incentives, and grants for the adoption of electric buses and other environmentally friendly technologies are driving bus operators and municipalities to transition to cleaner fleets. These policies not only support sustainability goals but also stimulate the demand for new buses and related technologies.

Technological Advancements

Technological innovation is transforming the bus market. Advancements in propulsion technologies, materials, and connectivity are enhancing bus performance, safety, and passenger experience. Electric buses are becoming more practical and economically viable with improved battery technology and charging infrastructure. Additionally, connectivity features, such as real-time tracking, passenger information systems, and Wi-Fi, enhance the overall appeal of bus travel.

Cost Efficiency and Accessibility

Buses remain a cost-effective transportation solution, particularly in comparison to individual car ownership and operation. For both passengers and operators, buses offer an economical mode of travel. The affordability of bus fares makes them an attractive option for a wide range of socio-economic groups, contributing to higher ridership and sustained demand.

Integrated Mobility Solutions

The concept of integrated mobility solutions is gaining traction, emphasizing seamless travel experiences across multiple modes of transportation. Buses play a pivotal role in these systems by providing feeder services to main transit hubs or connecting different modes of transport, such as trains or trams. Such solutions enhance overall accessibility, reduce travel times, and encourage the use of public transportation.

Intermodal Transport Connectivity

Buses serve as connectors within intermodal transportation networks. They facilitate last-mile connectivity, enabling passengers to travel to and from transportation hubs such as train stations and airports. This connectivity minimizes travel complexities and encourages the use of public transportation for longer journeys.

Aging Infrastructure Replacement

Many regions have aging bus fleets and outdated infrastructure. As buses have a finite operational lifespan, there is a continuous need for fleet replacement and modernization. Governments and operators are investing in new buses equipped with modern technologies, thereby contributing to market growth.

Cultural and Lifestyle Shifts

Changes in consumer behavior and preferences also impact the bus market. Increasing awareness of environmental issues and a desire for more sustainable lifestyles influence individuals' transportation choices. Additionally, preferences for urban living and shared mobility are driving demand for efficient public transportation options like buses.

 

Key Market Challenges

Technological Transition

The adoption of new technologies, such as electric and autonomous buses, presents both opportunities and challenges. Electric buses offer environmental benefits, but their upfront costs, limited charging infrastructure, and concerns about range anxiety pose challenges for adoption. Similarly, the development of autonomous buses introduces complexities related to regulatory frameworks, safety assurance, and public acceptance.

Infrastructure Limitations

The successful deployment of buses, especially electric ones, relies heavily on robust charging infrastructure. The availability of charging stations, their distribution, and charging times influence the practicality of electric buses. Addressing this challenge requires substantial investment in infrastructure development and coordination among stakeholders.

Total Cost of Ownership (TCO)

While electric buses offer operational cost savings over time, their higher upfront costs remain a barrier to adoption. Comparing the total cost of ownership (TCO) of electric buses with conventional counterparts involves considering factors such as purchase price, fuel/energy costs, maintenance, and residual value. Achieving favorable TCO is crucial to encouraging wider adoption of environmentally friendly buses.

Funding and Investment

The transition to cleaner technologies requires significant investment, both from public and private sectors. Securing funding for purchasing new buses, building charging infrastructure, and implementing supportive policies can be challenging. Budget constraints and competing priorities may hinder governments and operators from making the necessary investments to upgrade their fleets.

Regulatory Hurdles

Government regulations play a pivotal role in shaping the bus market. However, navigating a complex web of regulations, standards, emissions requirements, and safety certifications can be daunting. The lack of consistent and harmonized regulations across regions and countries can create hurdles for manufacturers and operators looking to operate globally.

Range Anxiety and Battery Technology

For electric buses, range anxiety—the fear of running out of power before reaching a charging station—remains a concern. Battery technology continues to evolve, but challenges related to energy density, charging speed, and durability persist. Addressing these challenges is essential to ensure the reliability and practicality of electric buses for various routes and conditions.

Market Fragmentation

The Global Bus Market encompasses various types of buses—urban, intercity, shuttle, and more—each with its own set of requirements and challenges. This market fragmentation can complicate manufacturing, distribution, and aftermarket support. Developing solutions that cater to different bus types and their specific needs is a challenge that requires flexibility and adaptability.

Maintenance and Training

Introducing new technologies, such as electric propulsion systems or advanced sensors for autonomous buses, necessitates specialized maintenance knowledge and training for technicians. Ensuring that maintenance personnel are adequately trained to diagnose and address issues specific to these technologies is crucial for minimizing downtime and ensuring operational efficiency.

Political and Economic Factors

Political instability, economic downturns, and changing government priorities can impact the bus market. Economic uncertainties may affect funding for public transportation projects, while shifts in political leadership could alter support for sustainable transportation initiatives.

Cultural Resistance to Change

Introducing new transportation technologies and changing established travel habits can face resistance from both consumers and stakeholders. People may be hesitant to embrace unfamiliar technologies, and operators may be cautious about disrupting their existing operations.

Key Market Trends

Electrification Revolution

One of the most transformative trends in the Global Bus Market is the rapid adoption of electric buses. Electric buses offer zero tailpipe emissions, lower operating costs, and reduced environmental impact compared to conventional internal combustion engine buses. Advances in battery technology and charging infrastructure have made electric buses more viable for transit agencies worldwide. Governments are promoting the transition to electric buses through subsidies, incentives, and mandates, driving the growth of this segment.

Autonomous Bus Development

The development of autonomous buses is gaining momentum, promising safer and more efficient transportation solutions. Autonomous buses have the potential to reduce accidents caused by human error, optimize traffic flow, and enhance accessibility for passengers with reduced mobility. However, challenges related to regulatory approval, technology maturity, and public acceptance need to be addressed before widespread deployment can occur.

Connectivity and Mobility Services

Buses are becoming increasingly connected, enabling real-time tracking, passenger information systems, and integrated payment solutions. Connectivity enhances the passenger experience by providing accurate arrival times, route information, and digital payment options. Additionally, data collected from connected buses can be used to optimize routes, improve scheduling, and enhance operational efficiency.

Sustainable Materials and Design

Environmental sustainability is influencing bus design and materials. Manufacturers are incorporating lightweight materials, eco-friendly components, and energy-efficient systems to reduce the carbon footprint of buses. Sustainable design not only aligns with environmental goals but also contributes to operational cost savings over the vehicle's lifecycle.

Shared Mobility and Mobility-as-a-Service (MaaS)

The rise of shared mobility services and the concept of Mobility-as-a-Service (MaaS) are impacting the bus market. Buses play a crucial role in MaaS platforms, offering convenient connections for users traveling across various modes of transportation. Shared mobility services, such as ride-sharing and micro-transit, are redefining urban mobility by providing flexible, on-demand transportation solutions.

Design for Accessibility and Inclusivity

Buses are being designed with a focus on accessibility and inclusivity. Low-floor designs, priority seating for individuals with disabilities, and improved boarding systems enhance the usability of buses for passengers of all abilities. Inclusive design ensures that public transportation remains accessible to diverse populations.

Data-Driven Decision-Making

Data analytics and predictive maintenance are becoming integral to bus operations. Data-driven insights allow operators to optimize routes, manage maintenance schedules, and make informed decisions about fleet management. This trend improves operational efficiency, reduces downtime, and enhances overall service quality.

Urbanization and New Mobility Patterns

Rapid urbanization is reshaping transportation patterns. Buses are adapting to cater to changing commuting behaviors, with a focus on providing efficient, convenient, and flexible options for urban dwellers. As cities grow and evolve, the demand for transit solutions that accommodate varying travel distances and preferences continues to rise.

Integration with Renewable Energy Sources

Buses are increasingly being integrated with renewable energy sources to reduce dependency on traditional fossil fuels. Solar panels on the roof of buses and charging infrastructure powered by renewable energy contribute to more sustainable operations. This trend aligns with environmental goals and reduces operating costs over time.

Customization and Experience Enhancement

Bus manufacturers are offering more customization options to meet the unique requirements of transit agencies and operators. Customized features, interiors, and technology packages allow bus operators to tailor vehicles to specific routes and passenger preferences. This trend enhances passenger comfort and overall satisfaction.

Segmental Insights

Application Type Insights

On the basis of application type, the global bus market can be segmented into intercity buses, school buses, transit buses, and specialized buses. Intercity buses, often utilized for long-distance travel, have seen steady growth due to increasing connectivity between cities and towns. These buses offer comfortable seating, onboard amenities, and efficient travel options for passengers looking to explore new destinations or commute between urban and rural areas. School buses remain a crucial segment in the global bus market, ensuring safe and efficient transportation for students in various regions. Equipped with safety features and dedicated routes, school buses provide peace of mind to parents and educational institutions. These buses are designed to prioritize the well-being of students, with features like seat belts, stop-arm cameras, and GPS tracking systems. Transit buses, which form the backbone of public transportation in many cities worldwide, are witnessing a shift towards electric and hybrid models to mitigate environmental impact. These buses are essential for urban mobility, providing an affordable and sustainable mode of transportation for commuters. The adoption of electric and hybrid technologies in transit buses is driven by the need to reduce emissions, improve air quality, and promote a greener future. In addition to the main segments, specialized buses cater to specific applications such as tourist buses, shuttle buses, and airport buses. These buses are tailored to meet the unique requirements of their respective industries, offering features like panoramic windows, luggage compartments, and wheelchair accessibility. The demand for specialized buses is driven by the growing tourism industry, corporate transportation needs, and the need for seamless connectivity within airports and other transportation hubs.

Fuel Type Insights

The global bus market has witnessed a significant shift in fuel type preferences over the years. Once dominated by diesel buses, there is now a gradual transition towards alternative fuel options. Among these alternatives, electric buses have emerged as the frontrunners, garnering recognition for their environmental and economic benefits. These buses offer the promise of zero emissions, lower operating costs, and improved energy efficiency, making them a compelling choice for many regions across the globe. Another notable player in this transition is the rise of Compressed Natural Gas (CNG) buses. These buses are gaining momentum due to their lower emission levels compared to traditional diesel counterparts. With an increasing focus on sustainability, CNG buses are being embraced as an intermediate solution towards achieving cleaner transportation. However, it is important to note that the adoption rate of these alternative fuel options varies widely from region to region. Factors such as regional policies, subsidies, and infrastructure development play a crucial role in determining the pace of transition. As governments and stakeholders continue to prioritize sustainable transportation, the bus market is expected to witness further advancements in alternative fuel technologies, paving the way for a greener and more efficient future.


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Regional Insights

North America, Asia-Pacific, Europe, and the Middle East & Africa are the principal regions that form the global bus market. In North America, the trend towards greener transportation methods is driving significant growth in the electric bus market. Asia-Pacific, particularly China and India, is witnessing a surge in demand due to the rapid urbanisation and government initiatives supporting public transportation. Europe is experiencing a steady growth due to the stringent emission norms and the rising preference towards electric buses. In the Middle East & Africa, the growth is somewhat slower, but improvements in infrastructure and increased tourism are expected to boost the bus market in the near future.

Recent Developments

  • In 2022, Swedish-Kenyan mobility company ROAM has Launched the first all-electric bus built for local transport in Africa.
  • In 2022, Ho Chi Minh City (HCMC) launched its first e-bus line of 29 km operated by Vinbus.

Key Market Players

  • Mercedes-benz Group Ag
  • Ab Volvo
  • Byd Motors Inc.
  • Jiangling Motors Co. Group
  • BAIC Group
  • Xiamen King Long Motor Group
  • Shanghai Automotive Industry Corporation
  • Changan Automobile Group
  • Dongfeng Motor Corp.
  • Yutong Bus Group


 By Type

By Application

By Fuel Type

By Seating Capacity

By Length

By Region
  • Single
  • Double
  • Intercity
  • Intracity
  • Diesel
  • Battery Electric
  • Plug-in Hybrid
  • Fuel Cell Electric
  • Others
  • Up to 30 Seats
  • 31-50 Seats
  • More than 50 Seats
  • Up to 6-8 Meters
  • 8-10 Meters
  • 10-12 Meters
  • Above 12 Meters
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Bus Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Bus Market, By Type:

o   Single

o   Double

  • Bus Market, By Application:

o   Intercity

o   Intracity

  • Bus Market, By Fuel Type:

o   Diesel

o   Battery Electric

o   Plug-in Hybrid

o   Fuel Cell Electric

o   Others

  • Bus Market, By Seating Capacity:

o   Up to 6-8 Meters

o   8-10 Meters

o   10-12 Meters

o   Above 12 Meters

  • Bus Market, By Length:

o   Up to 9 Meters

o   9-12 Meters

o   More than 12 Meters

  • Bus Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Bus Market.

Available Customizations:

Global Bus Market report 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

  • Detailed analysis and profiling of additional market players (up to five).

Global Bus Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Bus Market

5.    Global Bus Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Volume & Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Single and Double)

5.2.2.    By Application Market Share Analysis (Intercity, Intracity)

5.2.3.    By Fuel Type Market Share Analysis (Diesel, Battery Electric, Plug-in Hybrid, Fuel Cell Electric, and others)

5.2.4.    By Seating Capacity Market Share Analysis (Up to 30 seats, 31-50 seats, more than 50 seats)

5.2.5.    By Length Market Share Analysis (Up to 6-8 meters, 8-10 meters, 10-12m, Above 12m)

5.2.6.    By Regional Market Share Analysis

5.2.6.1.        Asia-Pacific Market Share Analysis

5.2.6.2.        Europe & CIS Market Share Analysis

5.2.6.3.        North America Market Share Analysis

5.2.6.4.        South America Market Share Analysis

5.2.6.5.        Middle East & Africa Market Share Analysis

5.2.7.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Bus Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Application Market Mapping & Opportunity Assessment

5.3.3.    By Fuel Type Market Mapping & Opportunity Assessment

5.3.4.    By Seating Capacity Market Mapping & Opportunity Assessment

5.3.5.    By Length Market Mapping & Opportunity Assessment

5.3.6.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Bus Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Volume & Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Application Market Share Analysis

6.2.3.    By Fuel Type Market Share Analysis

6.2.4.    By Seating Capacity Market Share Analysis

6.2.5.    By Length Market Share Analysis

6.2.6.    By Country Market Share Analysis

6.2.6.1.        China Market Share Analysis

6.2.6.2.        India Market Share Analysis

6.2.6.3.        Japan Market Share Analysis

6.2.6.4.        Indonesia Market Share Analysis

6.2.6.5.        Thailand Market Share Analysis

6.2.6.6.        South Korea Market Share Analysis

6.2.6.7.        Australia Market Share Analysis

6.2.6.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Bus Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Volume & Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Application Market Share Analysis

6.3.1.2.3.           By Fuel Type Market Share Analysis

6.3.1.2.4.           By Seating Capacity Market Share Analysis

6.3.1.2.5.           By Length Market Share Analysis

6.3.2.    India Bus Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Volume & Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Application Market Share Analysis

6.3.2.2.3.           By Fuel Type Market Share Analysis

6.3.2.2.4.           By Seating Capacity Market Share Analysis

6.3.2.2.5.           By Length Market Share Analysis

6.3.3.    Japan Bus Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Volume & Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Application Market Share Analysis

6.3.3.2.3.           By Fuel Type Market Share Analysis

6.3.3.2.4.           By Seating Capacity Market Share Analysis

6.3.3.2.5.           By Length Market Share Analysis

6.3.4.    Indonesia Bus Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Volume & Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type Market Share Analysis

6.3.4.2.2.           By Application Market Share Analysis

6.3.4.2.3.           By Fuel Type Market Share Analysis

6.3.4.2.4.           By Seating Capacity Market Share Analysis

6.3.4.2.5.           By Length Market Share Analysis

6.3.5.    Thailand Bus Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Volume & Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type Market Share Analysis

6.3.5.2.2.           By Application Market Share Analysis

6.3.5.2.3.           By Fuel Type Market Share Analysis

6.3.5.2.4.           By Seating Capacity Market Share Analysis

6.3.5.2.5.           By Length Market Share Analysis

6.3.6.    South Korea Bus Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Volume & Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Type Market Share Analysis

6.3.6.2.2.           By Application Market Share Analysis

6.3.6.2.3.           By Fuel Type Market Share Analysis

6.3.6.2.4.           By Seating Capacity Market Share Analysis

6.3.6.2.5.           By Length Market Share Analysis

6.3.7.    Australia Bus Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Volume & Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Type Market Share Analysis

6.3.7.2.2.           By Application Market Share Analysis

6.3.7.2.3.           By Fuel Type Market Share Analysis

6.3.7.2.4.           By Seating Capacity Market Share Analysis

6.3.7.2.5.           By Length Market Share Analysis

7.    Europe & CIS Bus Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Volume & Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Application Market Share Analysis

7.2.3.    By Fuel Type Market Share Analysis

7.2.4.    By Seating Capacity Market Share Analysis

7.2.5.    By Length Market Share Analysis

7.2.6.    By Country Market Share Analysis

7.2.6.1.        Germany Market Share Analysis

7.2.6.2.        Spain Market Share Analysis

7.2.6.3.        France Market Share Analysis

7.2.6.4.        Russia Market Share Analysis

7.2.6.5.        Italy Market Share Analysis

7.2.6.6.        United Kingdom Market Share Analysis

7.2.6.7.        Belgium Market Share Analysis

7.2.6.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Bus Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Volume & Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Application Market Share Analysis

7.3.1.2.3.           By Fuel Type Market Share Analysis

7.3.1.2.4.           By Seating Capacity Market Share Analysis

7.3.1.2.5.           By Length Market Share Analysis

7.3.2.    Spain Bus Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Volume & Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Application Market Share Analysis

7.3.2.2.3.           By Fuel Type Market Share Analysis

7.3.2.2.4.           By Seating Capacity Market Share Analysis

7.3.2.2.5.           By Length Market Share Analysis

7.3.3.    France Bus Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Volume & Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Application Market Share Analysis

7.3.3.2.3.           By Fuel Type Market Share Analysis

7.3.3.2.4.           By Seating Capacity Market Share Analysis

7.3.3.2.5.           By Length Market Share Analysis

7.3.4.    Russia Bus Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Volume & Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Application Market Share Analysis

7.3.4.2.3.           By Fuel Type Market Share Analysis

7.3.4.2.4.           By Seating Capacity Market Share Analysis

7.3.4.2.5.           By Length Market Share Analysis

7.3.5.    Italy Bus Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Volume & Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Application Market Share Analysis

7.3.5.2.3.           By Fuel Type Market Share Analysis

7.3.5.2.4.           By Seating Capacity Market Share Analysis

7.3.5.2.5.           By Length Market Share Analysis

7.3.6.    United Kingdom Bus Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Volume & Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Type Market Share Analysis

7.3.6.2.2.           By Application Market Share Analysis

7.3.6.2.3.           By Fuel Type Market Share Analysis

7.3.6.2.4.           By Seating Capacity Market Share Analysis

7.3.6.2.5.           By Length Market Share Analysis

7.3.7.    Belgium Bus Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Volume & Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Type Market Share Analysis

7.3.7.2.2.           By Application Market Share Analysis

7.3.7.2.3.           By Fuel Type Market Share Analysis

7.3.7.2.4.           By Seating Capacity Market Share Analysis

7.3.7.2.5.           By Length Market Share Analysis

8.    North America Bus Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Volume & Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Application Market Share Analysis

8.2.3.    By Fuel Type Market Share Analysis

8.2.4.    By Seating Capacity Market Share Analysis

8.2.5.    By Length Market Share Analysis

8.2.6.    By Country Market Share Analysis

8.2.6.1.        United States Market Share Analysis

8.2.6.2.        Mexico Market Share Analysis

8.2.6.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Bus Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Volume & Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Application Market Share Analysis

8.3.1.2.3.           By Fuel Type Market Share Analysis

8.3.1.2.4.           By Seating Capacity Market Share Analysis

8.3.1.2.5.           By Length Market Share Analysis

8.3.2.    Mexico Bus Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Volume & Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Application Market Share Analysis

8.3.2.2.3.           By Fuel Type Market Share Analysis

8.3.2.2.4.           By Seating Capacity Market Share Analysis

8.3.2.2.5.           By Length Market Share Analysis

8.3.3.    Canada Bus Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Volume & Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Application Market Share Analysis

8.3.3.2.3.           By Fuel Type Market Share Analysis

8.3.3.2.4.           By Seating Capacity Market Share Analysis

8.3.3.2.5.           By Length Market Share Analysis

9.    South America Bus Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Volume & Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Application Market Share Analysis

9.2.3.    By Fuel Type Market Share Analysis

9.2.4.    By Seating Capacity Market Share Analysis

9.2.5.    By Length Market Share Analysis

9.2.6.    By Country Market Share Analysis

9.2.6.1.        Brazil Market Share Analysis

9.2.6.2.        Argentina Market Share Analysis

9.2.6.3.        Colombia Market Share Analysis

9.2.6.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Bus Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Volume & Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Application Market Share Analysis

9.3.1.2.3.           By Fuel Type Market Share Analysis

9.3.1.2.4.           By Seating Capacity Market Share Analysis

9.3.1.2.5.           By Length Market Share Analysis

9.3.2.    Colombia Bus Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Volume & Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Application Market Share Analysis

9.3.2.2.3.           By Fuel Type Market Share Analysis

9.3.2.2.4.           By Seating Capacity Market Share Analysis

9.3.2.2.5.           By Length Market Share Analysis

9.3.3.    Argentina Bus Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Volume & Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Application Market Share Analysis

9.3.3.2.3.           By Fuel Type Market Share Analysis

9.3.3.2.4.           By Seating Capacity Market Share Analysis

9.3.3.2.5.           By Length Market Share Analysis

10. Middle East & Africa Bus Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Volume & Value

10.2.           Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Fuel Type Market Share Analysis

10.2.4. By Seating Capacity Market Share Analysis

10.2.5. By Length Market Share Analysis

10.2.6. By Country Market Share Analysis

10.2.6.1.     Turkey Market Share Analysis

10.2.6.2.     Iran Market Share Analysis

10.2.6.3.     Saudi Arabia Market Share Analysis

10.2.6.4.     UAE Market Share Analysis

10.2.6.5.     Rest of Middle East & Africa Market Share Africa

10.3.           Middle East & Africa: Country Analysis

10.3.1. Turkey Bus Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Volume & Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Application Market Share Analysis

10.3.1.2.3.         By Fuel Type Market Share Analysis

10.3.1.2.4.         By Seating Capacity Market Share Analysis

10.3.1.2.5.         By Length Market Share Analysis

10.3.2. Iran Bus Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Volume & Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Application Market Share Analysis

10.3.2.2.3.         By Fuel Type Market Share Analysis

10.3.2.2.4.         By Seating Capacity Market Share Analysis

10.3.2.2.5.         By Length Market Share Analysis

10.3.3. Saudi Arabia Bus Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Volume & Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Application Market Share Analysis

10.3.3.2.3.         By Fuel Type Market Share Analysis

10.3.3.2.4.         By Seating Capacity Market Share Analysis

10.3.3.2.5.         By Length Market Share Analysis

10.3.4. UAE Bus Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Volume & Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Application Market Share Analysis

10.3.4.2.3.         By Fuel Type Market Share Analysis

10.3.4.2.4.         By Seating Capacity Market Share Analysis

10.3.4.2.5.         By Length Market Share Analysis

11. SWOT Analysis

11.1.           Strength

11.2.           Weakness

11.3.           Opportunities

11.4.           Threats

12. Market Dynamics

12.1.           Market Drivers

12.2.           Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.           Company Profiles (Up to 10 Major Companies)

14.1.1. Mercedes-benz Group Ag

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Ab Volvo

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Byd Motors Inc.

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Jiangling Motors Co. Group

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. BAIC Group

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Xiamen King Long Motor Group

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Shanghai Automotive Industry Corporation

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Dongfeng Motor Corp.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Changan Automobile Group

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Yutong Bus Group

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.           Key Focus Areas

15.1.1. Target Regions

15.1.2. Target By Type

15.1.3. Target Application

15.1.4. Target Fuel Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Bus Market was estimated to be USD 210 billion in 2022.

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In 2022, diesel buses held the dominant segment in the Global Bus Market by fuel type. Despite the rise in alternative fuel options, diesel buses continued to lead due to their superior long-distance performance, abundant fuel supply, and well-established servicing infrastructure. However, the demand for electric and hybrid buses is expected to increase significantly in the coming years due to growing environmental concerns and advancements in battery technology.

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The Asia-Pacific region dominates the Global Bus Market. This is primarily due to the high population density and increasing urbanization in countries like China and India, which have led to an elevated demand for public transportation systems.

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The Global Bus Market is primarily driven by the increasing need for efficient public transportation solutions to address urbanization, congestion, and environmental concerns. Additionally, government initiatives promoting sustainable mobility and advancements in electric and autonomous bus technologies are shaping market growth.

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Srishti Verma

Business Consultant
Press Release

Bus Market to Grow with a CAGR of 6.4% through 2028

Oct, 2023

The Global Bus Market is primarily driven by the increasing need for efficient public transportation solutions to address urbanization, congestion, and environmental concerns. Additionally, governmen

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