Bus market

Global Bus Market Outlook

Global Bus Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

Report Code :HC 1335

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Global Bus Market Outlook Global Bus Market Share(%), By Region2016-2024

Global Bus Market Size USD (Billion). 20162024 XX XX

XX% CAGR: (2016-2024)

XX

XX

XX

XX

XX

XX

XX

XX

XX

XX

7.00 7.00 33.0 %%2016 0% 25.0 0% 28.0 0%

XX

XX XX

Asia Pacific

XX 2016e 2017e 2018f

Source: Goldstein Research

2019f

m a S 2020f

2021f

2022f

2023f

2024f

Global Bus Market Share(%), By Fuel Type-2016

21.00%

e l p North America

Europe

Latin America

Middle East and Africa

Source: Goldstein Research

Marker Less Bus accounted for the highest market share XX% in global Bus market In 2016,

7.00 7.00 % % 32.00 % 26.00 2024 % 28.00 %

With

XX% share in 2016, dominated the global Bus

Global Bus Market Share (%), By Body Type-2016

market

Global Bus Market Share (%), By Seating Capacity-2016

40.00% 51.00%

12.00%

60.00%

16.00% Diesel

Petrol/Gasoline

CNG

Source: Goldstein Research

Copyright

Electric & Hybrid

Fully Built

Source: Goldstein Research

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Customizable

Source: Goldstein Research

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15-30

30-40

40-50

Above 50

Global Bus Market Outlook

Bus Market  Global demand for buses is projected to advance more than seven percent per annum to XX thousand units in 2018, twice as fast as the 2008-2013 rate of increase.

Five major trends will drive growth.

Electric and Hybrid Technology

e l p

 The major one is expansion in the size of the global urban population.

m a S

Autonomous Technology

 Global bus and coach manufacturing is in a growth cycle, driven by economic growth in the BRIC nations.

 In countries such as China and India, car-ownership is low, so demand for public transport is high.

Comparatively low volumes and the number of model variants needed to satisfy differing operational needs, mean manufacturing efficiencies rely on joint ventures, partnerships and modular products.

Automotive Telematics

Rapid Urbanization

Global Bus Market (USD Billion) North America

2016

USD Billion

2024

USD Billion

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Europe USD Billion

USD Billion

Asia-Pacific USD Billion

USD Billion

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Global Bus Market Outlook

• National and local governments play a key role in purchasing decisions and influence the market through legislation,.The market includes school buses, minibuses, and city service buses, articulated buses and luxury coaches. Electric Hybrid In the school bus sector, the market in China is predicted Technology to grow to between XX thousand and XX million school buses nationwide – that’s massive sales potential for bus and coach manufacturers, in a sector where demand in mature markets is typically in the tens of thousands.

m a S 7.00 7.00 % % 33.00 25.00 2016 % % 28.00 % Asia Pacific

North America

e l p

7.00% 7.00% 2024

32.00%

26.00%

Europe

Autonomous Technology

Automotive Telematics

28.00%

Latin America

Middle East and Africa

Rapid Urbanization

Global Bus Market (USD Billion) North America

2016

USD Billion

2024

USD Billion

Copyright

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Europe USD Billion

USD Billion

Asia-Pacific USD Billion

USD Billion

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Global Bus Market Outlook

Request Sample The need to respond to local conditions and demands means manufacturers have to be ultra-flexible.

Manufacturing is focussed on modular chassis platforms produced in volumes at regional plants, which are then finished by local bodybuilding partners. Coach and bus bodybuilding is labour-intensive with limited scope for automation, so using local labour also helps keeps costs down.

XX XX XX XX XX XX XX

m a S XX

XX

2016e

XX

2017e

XX

XX

2018f

2019f

2020f

e l p XX

XX

XX

2021f

Electric and Hybrid Technology

2022f

2023f

XX

Autonomous Technology

Automotive Telematics

2024f

Rapid Urbanization

Global Bus Market (USD Billion) North America

2016

USD Billion

2024

USD Billion

Copyright

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Europe USD Billion

USD Billion

Asia-Pacific USD Billion

USD Billion

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Global Bus Market Outlook

• Western European chassis manufacturers have around 10% of total world registrations, but dominate global chassis production. The past two years has seen a series of takeovers and JVs, particularly in China, India and Russia, as these manufacturers seek to secure a role in growth markets. There are also some globallyfocussed coach bodybuilders – Brazil’s MarcoPolo and Spain’s Irizar, for example. MarcoPolo, already a partner for Mercedes-Benz, now has a JV with Russia’s Kamaz and India’s Tata Motors.

m a S

21.00%

51.00%

12.00%

Electric and Hybrid Technology

e l p

40.00%

60.00%

Autonomous Technology

Automotive Telematics

16.00%

Diesel

Petrol/Gasoline

CNG

Rapid Urbanization

Electric & Hybrid

Fully Built

Customizable

Global Bus Market (USD Billion) North America

2016

USD Billion

2024

USD Billion

Copyright

All Rights Reserved, Goldstein Research

Europe USD Billion

USD Billion

Asia-Pacific USD Billion

USD Billion

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Global Bus Market Outlook

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