“Buses And Coaches Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on buses and coaches market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for buses and coaches ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The buses and coaches market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Diesel Buses; Hybrid Buses; Electric Buses; Ethanol Buses
2) By Application: General; Personal; Recreational; Tourist; Other Applications
3) By Body Built: Fully Built; Customizable
Companies Mentioned: Daimler; VDL Bus and Coach; Scania; Volvo; Marcopolo
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the market are: Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo, Eicher Motors Limited, TATA Motors, Ashok Leyland, Solaris Bus, Coach SA, and Iveco.
The global buses and coaches market will grow from $42.76 billion in 2022 to $45.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The buses and coaches market is expected to grow to $60.17 billion in 2027 at a CAGR of 6.9%.
The buses and coaches market consists of sales of Intercity bus, double-decker bus, minibus and charter bus. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Buses and coaches are any motor vehicles, with or without a trailer for the transportation of passengers' belongings, that are designed to carry more than nine people, including the driver. Buses are pre-scheduled or shared transportation and coaches typically operate on routes chosen by the passengers or trip planners and are considered private modes of transportation.
North America was the largest region in the buses and coaches market in 2022. Asia Pacific was the second-largest region in the buses and coaches market. The regions covered in the buses and coaches market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The main types in the bus and coach market are diesel buses, hybrid buses, electric buses, and ethanol buses. A hybrid electric bus is a bus that combines a conventional internal combustion engine propulsion system with an electric propulsion system. The various body-built segments include fully built, customizable These are used in general, personal, recreational, tourist, and other applications.
The increasing demand for travel by bus is expected to drive the growth of the bus and coach market over coming years. According to the Red Bus Creators, the bus sector in India is expanding at a rate of 30-40% year on year. The Redbus organisation is exhibiting a massive 80% growth year-on-year in India itself. Therefore, the growing demand for buses drives the growth of the bus and coach market.
Fluctuating prices of metals such as iron and steel are expected to limit the growth of the bus and coach market in the coming years. The automotive industry uses various structural components for bus manufacturing, including iron, steel, and other metals, and fluctuating metal prices increase operational expenses. According to Trade Economics, iron ore, a raw material for iron manufacturing, is $27 per metric tonne for the start of 2020. In March, the price of iron ore was $82, and in October it was $118. The steel price in February 2020 was $507 (3370 Yuan) per metric ton, and in October it was $545 (3631 Yuan) per metric ton. Therefore, the fluctuating price of metals hinders the bus and coach market.
The autonomous bus is a key trend gaining popularity in the bus and coach market. The number of autonomous bus pilots is growing, and many manufacturers have already confirmed the introduction of autonomous bus deliveries In September 2021, Volvo Buses announced testing autonomous driver support, a new concept involving a system that assists the driver when approaching and stopping at bus stops, requiring high precision and safety.
In August 2021, Creative Bus Sales, a US-based bus dealer, acquired the US-based bus manufacturer Alliance Bus Group for a undisclosed amount. These acquisition marks a significant strategic shift for Creative, allowing us to better serve its existing customers, while offering unparalleled sales, service, and support to new clients. Alliance Bus Group manufactures a wide variety of buses and passenger vans and offers bus training and maintenance services.
The countries in the buses and coaches market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The buses and coaches market research report is one of a series of new reports from The Business Research Company that provides bus and coach market statistics, including global market size, regional shares, competitors with a bus and coach market share, detailed bus and coach market segments, market trends and opportunities, and any further data you may need to thrive in the bus and coach industry. This buses and coaches market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Buses And Coaches Market Characteristics
3. Buses And Coaches Market Trends And Strategies
4. Buses And Coaches Market - Macro Economic Scenario
4.1 COVID-19 Impact On Buses And Coaches Market
4.2 Ukraine-Russia War Impact On Buses And Coaches Market
4.3 Impact Of High Inflation On Buses And Coaches Market
5. Buses And Coaches Market Size And Growth
- 5.1. Global Buses And Coaches Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Buses And Coaches Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Buses And Coaches Market Segmentation
- 6.1. Global Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Diesel Buses
- Hybrid Buses
- Electric Buses
- Ethanol Buses
- 6.2. Global Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- General
- Personal
- Recreational
- Tourist
- Other Applications
- 6.3. Global Buses And Coaches Market, Segmentation By Body Built, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fully Built
- Customizable
7. Buses And Coaches Market Regional And Country Analysis
- 7.1. Global Buses And Coaches Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Buses And Coaches Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Buses And Coaches Market
- 8.1. Asia-Pacific Buses And Coaches Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Buses And Coaches Market
- 9.1. China Buses And Coaches Market Overview
- 9.2. China Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Buses And Coaches Market
- 10.1. India Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Buses And Coaches Market
- 11.1. Japan Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Buses And Coaches Market
- 12.1. Australia Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Buses And Coaches Market
- 13.1. Indonesia Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Buses And Coaches Market
- 14.1. South Korea Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Buses And Coaches Market
- 15.1. Western Europe Buses And Coaches Market Overview
- 15.2. Western Europe Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Buses And Coaches Market
- 16.1. UK Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Buses And Coaches Market
- 17.1. Germany Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Buses And Coaches Market
- 18.1. France Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Buses And Coaches Market
- 19.1. Eastern Europe Buses And Coaches Market Overview
- 19.2. Eastern Europe Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Buses And Coaches Market
- 20.1. Russia Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Buses And Coaches Market
- 21.1. North America Buses And Coaches Market Overview
- 21.2. North America Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Buses And Coaches Market
- 22.1. USA Buses And Coaches Market Overview
- 22.2. USA Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Buses And Coaches Market
- 23.1. South America Buses And Coaches Market Overview
- 23.2. South America Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Buses And Coaches Market
- 24.1. Brazil Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Buses And Coaches Market
- 25.1. Middle East Buses And Coaches Market Overview
- 25.2. Middle East Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Buses And Coaches Market
- 26.1. Africa Buses And Coaches Market Overview
- 26.2. Africa Buses And Coaches Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Buses And Coaches Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Buses And Coaches Market Competitive Landscape And Company Profiles
- 27.1. Buses And Coaches Market Competitive Landscape
- 27.2. Buses And Coaches Market Company Profiles
- 27.2.1. Daimler
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. VDL Bus and Coach
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Scania
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Volvo
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Marcopolo
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Buses And Coaches Market
29. Buses And Coaches Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer