Global Buses and Coaches Market Growth 2023-2029

Global Buses and Coaches Market Growth 2023-2029

A bus is a road vehicle designed to carry many passengers. Buses can have a capacity as high as 300 passengers. The most common type of bus is the single-deck rigid bus, with larger loads carried by double-decker and articulated buses, and smaller loads carried by midibuses and minibuses; coaches are used for longer-distance services. Many types of buses, such as city transit buses and inter-city coaches, charge a fare. Other types, such as elementary or secondary school buses or shuttle buses within a post-secondary education campus do not charge a fare.

LPI (LP Information)' newest research report, the “Buses and Coaches Industry Forecast” looks at past sales and reviews total world Buses and Coaches sales in 2022, providing a comprehensive analysis by region and market sector of projected Buses and Coaches sales for 2023 through 2029. With Buses and Coaches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Buses and Coaches industry.

This Insight Report provides a comprehensive analysis of the global Buses and Coaches landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Buses and Coaches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Buses and Coaches market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Buses and Coaches and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Buses and Coaches.

The global Buses and Coaches market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The increase in air pollution due to the rise in emission levels from vehicles has led to an increase in the global initiatives to reduce the emission level of greenhouse gases (GHG) into the atmosphere. Moreover, the transport sector contributes to about 32% of the overall GHG emission into the atmosphere. The buses and coaches that work on conventional fuel, such as diesel/gasoline, releases a large amount of GHGs after the combustion process. This has resulted in various regulations set by many regulatory bodies leading to design and development of various buses and coaches that operate on substitute fuels to cut down exhaust emission. The electric buses, hybrid buses, CNG/LNG buses, and solar buses have lesser exhaust emissions compared with the buses and coaches powered by diesel, and the emissions fall within required limit set by the regulatory bodies. This rise in government measures to limit emission levels will drive the market growth during the forecast period.

This report presents a comprehensive overview, market shares, and growth opportunities of Buses and Coaches market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Diesel
Hybrid Buses
Electric Buses
Ethanol Buses

Segmentation by application
Scheduled Bus Transport
Scheduled Coach Transport
School Transport
Private Hire
Tourism

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Daimler
MAN
Scania
Volvo
Xiamen King Long United Automotive Industry
YUTONG
ANKAI
Ashok Leyland
Eicher Motors Limited
Higer Bus
Hyundai Motor Company
IVECO
TATA Motors
VDL Bus & Coach
Zhongtong Bus

Key Questions Addressed in this Report

What is the 10-year outlook for the global Buses and Coaches market?

What factors are driving Buses and Coaches market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Buses and Coaches market opportunities vary by end market size?

How does Buses and Coaches break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.