버스 시장 : 세계 산업 규모, 점유율, 동향, 기회, 예측 : 연료 유형별, 좌석수별, 용도별, 길이별, 지역별, 경쟁별(2020-2030년)

Global Bus Market was valued at USD 124.45 Billion in 2024 and is expected to grow to USD 199.31 Billion by 2030 with a CAGR of 8.17%. The global bus market is experiencing steady growth, driven by rising urbanization, increasing demand for public transportation, and growing environmental concerns. Governments worldwide are investing in smart city infrastructure and promoting electric and hybrid buses to reduce carbon emissions and traffic congestion. Asia-Pacific, led by China and India, dominates the market due to large-scale production and population density. Technological advancements, including connected and autonomous buses, are further enhancing fleet efficiency and passenger safety. Additionally, the push for sustainable mobility and government incentives for electric vehicle adoption are encouraging fleet modernization.

Key Market Drivers

Rising Urbanization and Demand for Public Transport

Urbanization is a major force propelling the global bus market forward. As cities expand and populations concentrate in urban areas, the need for efficient, accessible, and affordable public transportation systems becomes critical. In 2024, India's urban population stands at 461 million, growing at 2.3% annually, with cities expected to contribute 75% of the nation's income by 2031. Buses serve as a backbone of urban transit, offering flexible routes, high passenger capacity, and lower infrastructure costs compared to rail systems. Governments and municipalities are increasingly prioritizing investments in bus networks to alleviate traffic congestion, reduce travel time, and improve mobility. This trend is especially pronounced in emerging economies across Asia, Latin America, and Africa, where rapid urban development is outpacing the expansion of private vehicle infrastructure. Public transport authorities are expanding bus fleets, introducing high-capacity bus rapid transit (BRT) systems, and enhancing service frequency to accommodate the growing urban population. The role of buses in providing first- and last-mile connectivity to other transport modes such as metro and rail also enhances their importance in comprehensive mobility planning. As a result, rising urbanization continues to be a foundational driver for long-term bus market growth worldwide.

Key Market Challenges

High Initial Cost of Electric and Advanced Buses

One of the most significant challenges in the global bus market is the high upfront cost associated with electric and technologically advanced buses. While electric buses offer long-term savings in terms of fuel and maintenance, their initial purchase price is considerably higher than that of conventional diesel or CNG buses. This cost disparity is primarily due to the expensive battery systems and advanced power electronics required for electric vehicles. Additionally, the integration of autonomous driving technologies, telematics, and safety systems further escalates the capital expenditure. For many public transport operators, especially in developing countries, these high costs are a major barrier to fleet modernization. Even with government subsidies and financial incentives, many transit agencies face budgetary constraints and are unable to invest in large-scale procurement of electric or autonomous buses. The total cost of ownership, while favorable in the long run, does not always align with short-term budget cycles and political timelines. Furthermore, local manufacturers in emerging economies may lack the technological expertise or production scale to offer competitively priced electric buses, creating a reliance on imports and increasing overall procurement costs. As a result, cost-related challenges continue to slow the pace of technological adoption across the global bus industry.

Key Market Trends

Surge in Demand for Connected and Smart Buses

A major trend reshaping the global bus market is the integration of connectivity and smart technologies into buses. Modern buses are increasingly being equipped with advanced telematics, GPS tracking, onboard diagnostics, passenger information systems, and Wi-Fi connectivity to enhance both operational efficiency and commuter experience. These features allow fleet operators to monitor vehicle health in real-time, reduce downtime through predictive maintenance, and optimize routes based on traffic and passenger data. In India, Gujarat State Road Transport Corporation (GSRTC) implemented an Integrated Vehicle Tracking and Passenger Information System across its fleet of over 8,000 buses in early 2024. GPS devices enable real-time monitoring of location, speed, route adherence, and schedule compliance. From a passenger standpoint, smart buses offer conveniences such as real-time arrival updates, digital ticketing, mobile app integration, and even infotainment systems. Governments and city planners are promoting smart mobility solutions to build intelligent transportation ecosystems, especially within urban areas. This trend is closely aligned with the broader rise of smart cities, where integrated data systems and Internet of Things (IoT) networks are used to improve public services. The proliferation of 5G technology is further expected to accelerate this trend by enabling faster and more reliable data exchange between vehicles and infrastructure. As commuters increasingly expect seamless, technology-enhanced travel experiences, connected and smart buses are becoming a standard rather than a luxury, reshaping fleet upgrades and procurement decisions across global markets.

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

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 Fuel Type:

• Diesel
• Electric
• Hybrid
• Others

Bus Market, By Seating Capacity:

• Up to 30 Seats
• 31-50 Seats
• More than 50 Seats

Bus Market, By Application:

• Intercity
• Intracity

Bus Market, By Length:

• Up to 6-8 Meters
• 8-10 Meters
• 10-12 Meters
• Above 12 Meters

Bus Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe & CIS
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
• South America
  • Argentina
  • Brazil
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents 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).

Table of Contents

1. Introduction

• 1.1. Market 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. Methodology Landscape
• 2.2. Objective of the Study
• 2.3. Baseline Methodology
• 2.4. Formulation of the Scope
• 2.5. Assumptions and Limitations
• 2.6. Sources of Research
• 2.7. Approach for the Market Study
• 2.8. Methodology Followed for Calculation of Market Size & Market Shares
• 2.9. Forecasting Methodology

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions
• 3.5. Overview of Market Drivers, Challenges, and Trends

4. Global Bus Market Outlook

• 4.1. Market Size & Forecast
  • 4.1.1. By Value
• 4.2. Market Share & Forecast
  • 4.2.1. By Fuel Type (Diesel, Electric, Hybrid, Others)
  • 4.2.2. By Seating Capacity (Up to 30 Seats, 31-50 Seats, More than 50 Seats)
  • 4.2.3. By Application (Intercity, Intracity)
  • 4.2.4. By Length (Up to 6-8 Meters, 8-10 Meters, 10-12 Meters, Above 12 Meters)
  • 4.2.5. By Region
  • 4.2.6. By Company (2024)
• 4.3. Market Map

5. North America Bus Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Fuel Type
  • 5.2.2. By Seating Capacity
  • 5.2.3. By Application
  • 5.2.4. By Length
  • 5.2.5. By Country
• 5.3. North America: Country Analysis
  • 5.3.1. United States Bus Market Outlook
    • 5.3.1.1. Market Size & Forecast
      • 5.3.1.1.1. By Value
    • 5.3.1.2. Market Share & Forecast
      • 5.3.1.2.1. By Fuel Type
      • 5.3.1.2.2. By Seating Capacity
      • 5.3.1.2.3. By Application
      • 5.3.1.2.4. By Length
  • 5.3.2. Canada Bus Market Outlook
    • 5.3.2.1. Market Size & Forecast
      • 5.3.2.1.1. By Value
    • 5.3.2.2. Market Share & Forecast
      • 5.3.2.2.1. By Fuel Type
      • 5.3.2.2.2. By Seating Capacity
      • 5.3.2.2.3. By Application
      • 5.3.2.2.4. By Length
  • 5.3.3. Mexico Bus Market Outlook
    • 5.3.3.1. Market Size & Forecast
      • 5.3.3.1.1. By Value
    • 5.3.3.2. Market Share & Forecast
      • 5.3.3.2.1. By Fuel Type
      • 5.3.3.2.2. By Seating Capacity
      • 5.3.3.2.3. By Application
      • 5.3.3.2.4. By Length

6. Europe & CIS Bus Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Fuel Type
  • 6.2.2. By Seating Capacity
  • 6.2.3. By Application
  • 6.2.4. By Length
  • 6.2.5. By Country
• 6.3. Europe & CIS: Country Analysis
  • 6.3.1. France Bus Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Fuel Type
      • 6.3.1.2.2. By Seating Capacity
      • 6.3.1.2.3. By Application
      • 6.3.1.2.4. By Length
  • 6.3.2. Germany Bus Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Fuel Type
      • 6.3.2.2.2. By Seating Capacity
      • 6.3.2.2.3. By Application
      • 6.3.2.2.4. By Length
  • 6.3.3. Spain Bus Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Fuel Type
      • 6.3.3.2.2. By Seating Capacity
  • 6.3.4. Italy Bus Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Fuel Type
      • 6.3.4.2.2. By Seating Capacity
      • 6.3.4.2.3. By Application
      • 6.3.4.2.4. By Length
  • 6.3.5. United Kingdom Bus Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Fuel Type
      • 6.3.5.2.2. By Seating Capacity
      • 6.3.5.2.3. By Application
      • 6.3.5.2.4. By Length

7. Asia-Pacific Bus Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Fuel Type
  • 7.2.2. By Seating Capacity
  • 7.2.3. By Application
  • 7.2.4. By Length
  • 7.2.5. By Country
• 7.3. Asia-Pacific: Country Analysis
  • 7.3.1.China Bus Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Fuel Type
      • 7.3.1.2.2. By Seating Capacity
      • 7.3.1.2.3. By Application
      • 7.3.1.2.4. By Length
  • 7.3.2.Japan Bus Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Fuel Type
      • 7.3.2.2.2. By Seating Capacity
      • 7.3.2.2.3. By Application
      • 7.3.2.2.4. By Length
  • 7.3.3. India Bus Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Fuel Type
      • 7.3.3.2.2. By Seating Capacity
      • 7.3.3.2.3. By Application
      • 7.3.3.2.4. By Length
  • 7.3.4. South Korea Bus Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Fuel Type
      • 7.3.4.2.2. By Seating Capacity
      • 7.3.4.2.3. By Application
      • 7.3.4.2.4. By Length

8. Middle East & Africa Bus Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Fuel Type
  • 8.2.2. By Seating Capacity
  • 8.2.3. By Application
  • 8.2.4. By Length
  • 8.2.5. By Country
• 8.3. MEA: Country Analysis
  • 8.3.1. South Africa Bus Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Fuel Type
      • 8.3.1.2.2. By Seating Capacity
      • 8.3.1.2.3. By Application
      • 8.3.1.2.4. By Length
  • 8.3.2. Saudi Arabia Bus Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Fuel Type
      • 8.3.2.2.2. By Seating Capacity
      • 8.3.2.2.3. By Application
      • 8.3.2.2.4. By Length
  • 8.3.3. UAE Bus Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Fuel Type
      • 8.3.3.2.2. By Seating Capacity
      • 8.3.3.2.3. By Application
      • 8.3.3.2.4. By Length
  • 8.3.4. Turkey Bus Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Fuel Type
      • 8.3.4.2.2. By Seating Capacity
      • 8.3.4.2.3. By Application
      • 8.3.4.2.4. By Length

9. South America Bus Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Fuel Type
  • 9.2.2. By Seating Capacity
  • 9.2.3. By Application
  • 9.2.4. By Length
  • 9.2.5. By Country
• 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 Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Fuel Type
      • 9.3.1.2.2. By Seating Capacity
      • 9.3.1.2.3. By Application
      • 9.3.1.2.4. By Length
  • 9.3.2. Argentina Bus Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Fuel Type
      • 9.3.2.2.2. By Seating Capacity
      • 9.3.2.2.3. By Application
      • 9.3.2.2.4. By Length

10. Market Dynamics

• 10.1. Drivers
• 10.2. Challenges

11. Market Trends & Developments

• 11.1. Merger & Acquisition (If Any)
• 11.2. Product Launches (If Any)
• 11.3. Recent Developments

12. Disruptions: Conflicts, Pandemics and Trade Barriers

13. Porters Five Forces Analysis

• 13.1. Competition in the Industry
• 13.2. Potential of New Entrants
• 13.3. Power of Suppliers
• 13.4. Power of Customers
• 13.5. Threat of Substitute Products

14. Competitive Landscape

• 14.1. Company Profiles
  • 14.1.1. Mercedes-benz Group Ag
    • 14.1.1.1. Business Overview
    • 14.1.1.2. Company Snapshot
    • 14.1.1.3. Products & Services
    • 14.1.1.4. Financials (As Per Availability)
    • 14.1.1.5. Key Market Focus & Geographical Presence
    • 14.1.1.6. Recent Developments
    • 14.1.1.7. Key Management Personnel
  • 14.1.2. Ab Volvo
  • 14.1.3. Byd Motors Inc.
  • 14.1.4. Jiangling Motors Co. Group
  • 14.1.5. BAIC Group
  • 14.1.6. Xiamen King Long Motor Group
  • 14.1.7. Shanghai Automotive Industry Corporation
  • 14.1.8. Changan Automobile Group
  • 14.1.9. Dongfeng Motor Corp.
  • 14.1.10. Yutong Bus Group

15. Strategic Recommendations

16. About Us & Disclaimer