Global Bus Market Outlook
Global Bus Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 Request Sample Report Request Sample Report
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Global Bus Market Outlook Global Bus Market Share(%), By Region2016-2024
Global Bus Market Size USD (Billion). 20162024
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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
Diesel Buses 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
Asia Pacific share in 2016, dominated the
Global Bus Market Share (%), By Body Type-2016
global Bus 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
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Electric & Hybrid
Fully Built
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Customizable
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15-30
30-40
40-50
Above 50
Global Bus Market Outlook
Request Report Global demand for buses is projected to advance more than seven percent Sample per Request Sample Report annum to XX thousand units in 2018, twice as fast as the 2008-2013 rate of increase. Five major trends will drive growth. The major one is expansion in the size of the global urban population. 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.
Electric and Hybrid Technology
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National and local governments play a key role in purchasing decisions and influence the market through legislation, for example, on emissions controls and safety standards. The market includes school buses, minibuses, city service buses, articulated buses and luxury coaches. In the school bus sector, the market in China is predicted 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.
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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 globally-focussed 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.
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.
Autonomous Technology
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 Size (USD Billion) & Growth Analysis
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Global Bus Market Size (USD Billion)-2016-2024
XX
XX
XX
XX
XX XX
XX
XX
XX
XX 2017e Source: 2016e Goldstein Research
XX
m a S XX
2018f
2019f
2020f
e l p XX
XX
2021f
2022f
XX
2023f
XX
2024f
Global Bus Market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. The market is anticipated to reach USD XX billion by the end of 2024. The latest trend gaining momentum in the market is introduction of technology advanced modern buses. Further, players in the Bus manufacturing industry are focusing on providing cost effective and green technologies. Rising government investment in public transportation networks, particularly bus rapid transit systems, to reduce traffic congestion and improve air quality, is another trend. Further aspects are growth in the number and size of private transportation companies, and the climbing worldwide sales of electric, hybrid, compressed natural gas (CNG), and liquefied natural gas (LNG) models, as many countries adopt more stringent emissions standards and as environmental considerations grow in importance. The Asia/Pacific region is projected to account for more than three-fifths of all new global bus demand through 2024. China alone will be responsible for nearly half of the global total. Growth is expected to pick up in both China and India, the region’s two largest bus markets, after declining moderately during the second part of the 2012-2016 period.
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Global Bus Market Outlook : 2016-2024
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Global Bus Market Share (%), By Fuel Type, 2016-2024
25.00%
Diesel XX% Petrol/Gasoline
2016
XX%
50.00%
2024
XX% 11.00%
CNG XX%
14.00% Electric & Hybrid
Source: Goldstein Research
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Global Bus Market Y-O-Y Growth, By Fuel Type 2016-2024
XX%
XX%
XX%
2016e
2017e
2018f
XX%
2019f
XX%
XX%
XX%
XX%
2020f
2021f
2022f
2023f
The biggest technology driver over the past two years in bus and coach manufacturing has been demand for alternative energy sources. Bus and coach manufacturers are global leaders in development of hybrid vehicle technology, from gaspowered buses to biogas, fuel cell and hydrogen technology. Globally, national and local governments are committed to cleaner air strategies in their cities and are committing money to research and offering attractive incentives to encourage adoption of alternative power, from CNG for city buses to hybrid diesel electric power on inter-state routes
e l p
XX%
While many of these are still at the project/trial phase, CNG-powered buses with their characteristic roofmounted gas tanks are now produced in such numbers as to be considered mainstream manufacture – Volvo Buses began commercial production of hybrid buses in 2010 in its Polish and Swedish plants, for example.
2024f
Source: Goldstein Research
Global Bus Market Size (USD Billion), By Fuel Type -2016-2024 XX
XX
XX
XX
XX
XX
XX
2016 Diesel
Petrol/Gasoline
XX
2024 CNG
Electric & Hybrid
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Global Bus Market Outlook, By Electric & Hybrid Buses: 2016-2024
Request Sample Report Request Sample Report Global Bus Market Size (USD Billion), By Electric & Hybrid Buses, China alone will have a global market share of more than XX% of transit buses with more than XX,000 units being acquired. North America for example is only projected to buy in the same period around XX,000 units. India and Russia also have large market shares. Europe and North America will have together a market share of less than XX and also far lower growth rates than other regions worldwide meaning that their relative importance in the bus market will further decline.
2016-2024 XX XX XX XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX XX XX 2016e
2017e
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2018f
2019f
2020f
2021f
2022f
2023f
Source: Goldstein Research
e l p
2024f
Virtues of electric and hybrid
Global Bus Market Y-O-Y Growth, By Electric & Hybrid Buses, 2016technology will have to be 2024 demonstrated in countries like
19.40%
20.15%
20.48%
2016e
2017e
2018f
20.80%
2019f
21.85%
22.50%
23.00%
23.50%
2020f
2021f
2022f
2023f
China and India and regions like South America, ASEAN and African countries with the largest compound growth rate of all regions. Not surprisingly it is also expected that Chinese manufacturers such as Yutong, Wuzhoulong, Foton, Kinglong and BYD are expected to top the global hybrid and electric transit bus market with Volvo, ADL and Daimler featuring as non-Chinese members of leading manufacturers
25.00%
2024f
Source: Goldstein Research
Major Technological Challenges faced By Electric and Hybrid Bus Technologies In Developed Countries- 2016 Charging Infrastructure Maintenance
XX% XX%
Battery Drive System Defect
XX%
Other Defects
XX%
perations XX%
XX% XX%
XX%
XX%
XX%
XX%
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XX%
Global Bus Market Attractiveness and BPS Analysis, by End Users, 2016-2024
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Global Bus Market Attractiveness-By End Users, 2016-2024 8% 7%
CAGR (%)
6% 5% 4% 3% 2% 1% 0% 9
10
11
12
13
Diesel
Petrol/Gas
CNG
e l p 14
Market Size (USD Billion)
15
16
Electric & Hybrid
Source: Goldstein Research
Water based adhesive segment holds the largest revenue share in the global Bus market as this segment constitutes which is impacted by the rising cognizance among the household users and thus it is likely to expand at XX% CAGR during the forecast period.
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Bus market is relying on the adoption of EHR (Electronic health record) software by various healthcare facility providers in order to stand ahead in future. Behavioral health EHR creates a world of difference to the staff and patients and goes the extra mile giving advanced capabilities such as it include support for documenting violence risk factors, suicide risk factors, or sadness scales.
Global Bus Market BPS Analysis- By End Users, 2016-2024 XX% XX% XX% XX% XX%
XX% XX%
Electric & Hybrid
CNG
16.00%
XX% XX% 14.00%
XX% Petrol/Gasoline
XX% XX% XX%
Diesel
51.00%
50.00%
2016
2024
XX% XX%
Source: Goldstein Research
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North America Bus Market Size (USD Billion) & Y-OY growth (%), By Region- 2016-2024 North America Bus Market Size (USD Billion)-2016-2024
Request Sample Report Request Sample Report XX%
XX
XX%
XX XX
CAGR: (2016-2024)
XX XX
XX
XX
XX%
XX XX
XX
e l p XX% XX%
XX
XX%
XX XX
XX%
XX
XX
XX%
XX%
XX XX XX 2016e
2017e
Source: Goldstein Research
XX%
XX%
XX%
XX%
m a S 2018f
2019f
North America North America Bus Market Size (USD Billions), By Country-2016-2024
2020f
2021f
XX%
XX%
XX%
XX% XX% XX% XX%
2022f
2023f
North America North America Bus Market Size (USD Billion), By Body Type, 2016-2024
XX
XX
XX%
XX
XX% XX%
XX
XX XX
XX
XX% XX
XX% XX% XX%
2016
XX% 2016
2024 Fully Built US
Customizable
Canada
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2024
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United States Bus Market Size (USD Million) & Y-O-Y growth (%), 2016-2024 United States Bus Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Request Sample Growth Rate (%), 2016-2024
Report Request Sample Report XX%
XX
XX
XX
XX
XX XX
XX
XX XX XX
XX%
XX XX XX 2016e
XX%
XX%
XX%
m a S XX%
Source: Goldstein Research
2017e
XX%
XX
CAGR: (2016-2024)
XX XX
XX
XX%
XX
2018f
2019f
Key Insights
Manufacturing buses for the US transit market has been a challenging business over the last several decades. It is a small market with volatile demand. Over the twenty-year period 1997-2016, annual spending on buses by US transit agencies has swung between extremes of USD XX billion and USD XX billion The total bus stock 2010 is some XX million units and is expected to rise to around 18 million units by 2020 and XX million units by 2030. 2010 around XX % of all buses were operating in China, XX% I Korea, X% in the US, X% in Russia and X% in India being the 5 largest bus operator countries
2020f
XX%
e l p 2021f
XX% XX% XX%
XX%
XX%
XX%
XX%
2022f
XX% XX% XX% XX%
2023f
Smart AR Glasses Unit (Thousand) Shipments Worldwide From 2016 to 2024
XX
XX
XX
XX
XX
XX
XX
XX
XX XX XX
XX
XX XX
XX
2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Goldstein Research
The new electric bus financing options could become increasingly popular as more, and smaller, cities review their city transit fleets to figure out ways to afford to buy electric buses. Most of the several hundred electric buses currently driving on the roads in the U.S. were paid for upfront by large cities such as Seattle, Los Angeles, and San Francisco that have set aggressive environmental goals. Currently the market for electric buses in the U.S. is still in its early days. Out of XX thousnad buses in city fleets in the U.S. just XX were electric buses as of 2017, according to the Bloomberg New Energy Finance report. That means less than XX percent of city buses were electrified in the U.S. Copyright
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North America Bus Market Attractiveness-By Country, 2016-2024 North America Bus Market Attractiveness-By Country, 2016-2024 XX
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XX
CAGR (%)
XX
XX
XX
XX XX
XX
XX
XX
XX
XX
XX
e l p m
Market Size (USD Billion) Canada Source: Goldstein Research
United States
According to the above graph, U.S. Bus market is anticipated to be the most attractive market across all the countries in Bus Market, for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2024
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Demand depends mainly on the demographic makeup and growth of the local population. The profitability of individual companies depends on efficient operations. Large companies can have advantages in buying fuel and in maintaining fleets. Small companies can compete by providing specialized services. The urban, school, interurban and rural bus transportation segments are highly concentrated. The charter and special needs transportation segments are fragmented.
North America North America Bus Market BPS Analysis- By Country, 2016-2024 XX% XX%
30%
XX%
40% Canad a
XX% XX% XX% XX%
70%
XX%
US 60%
XX% XX% XX% 2016
2024
Source: Goldstein Research
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Global Bus Market Outlook Daimler AG (Company Overview & Business Strategy)
Founded 1926
Employees 289,321
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Headquarters Germany
Company Overview
Major Products
Daimler AG is a German multinational automotive corporation. Daimler AG is headquartered in Stuttgart, Baden-Württemberg, Germany. As of 2014, Daimler owned or had shares in a number of car, bus, truck and motorcycle brands including Mercedes-Benz, MercedesAMG, Smart Automobile, Detroit Diesel, Freightliner, Western Star, Thomas Built Buses, Setra, BharatBenz, Mitsubishi Fuso, MV Agusta as well as shares in Denza, KAMAZ and Beijing Automotive Group.
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y unit sales, Daimler is the thirteenth-largest car manufacturer and is the largest truck manufacturer in the world. Daimler provides financial services through its Daimler Financial Services arm. The company is a component of the Euro Stoxx 50 stock market index. The Daimler AG has a worldwide networks of production plants and research centers. The following list is a description of all locations worldwide that include a Daimler plant, including plants for Daimler subsidiaries EvoBus, Daimler Trucks North America, Detroit Diesel, Freightliner Trucks and Mitsubishi Fuso Truck and Bus Corporation.
Passenger Cars Trucks
Vans
Camper Vans
Buses Services
Business Strategy
Investment & Research and Development: Daimler goal is to continue our global growth in all the vehicle segments in which they are represented and in the services segment. Daimler want to thrill its customers with outstanding products and strong brands. The Asia region, and especially China, are playing a central role in Daimler’s car business in particular. Connected, Autonomous, Shared & Services, Electric — through the connection of all the future-oriented CASE areas, Daimler is transforming itself from an automaker into a provider of mobility services. Daimler is also shaping “intuitive mobility” with comfortable, user-friendly products and services that simplify our customers’ lives and mobility.
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Global Bus Market Outlook
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