Summary

Global Buses and Coaches Market Research Report Information by Type (Single Deck, Double Deck, Low floor buses, Minibus, Coaches and Others), by Propulsion (ICE and Electric), by Seat Capacity (15-30 Seats, 31-50 Seats and more than 50 Seats), By Application (City Buses, Intercity Coaches, Airport Shuttle, Delivery Van, School Buses and Others), By Sales Channel (OEM and Aftermarket) and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Forecast Till 2030

Market Profile

In 2022, the market for buses and coaches is expected to be USD 37,510.0 Million. Over the forecast period, the industry of Buses and Coaches Market is expected to have a compound annual growth rate (CAGR) of 6.3%. The industry of buses and coaches is a huge and growing market comprising many vehicles meant for passenger transportation. Urban transit, intercity travel, and long-distance travel are only a few of the several uses these forms of mobility fulfill. Economic development, urbanization, technological innovation, government policies and laws all help to drive the expansion of the market for buses and coaches.

The growing need for hybrid and electric buses in the worldwide bus and coach market offers several advantages that present a tempting prospect. This results from serious environmental issues about emissions from transportation driving authorities to encourage environmentally friendly electric and hybrid buses producing far less emissions than regular diesel buses. Authorities provide incentives and subsidies for the acceptance of electric and hybrid buses, therefore encouraging manufacturers and operators to embrace these technologies.
Furthermore, hybrid and electric buses are appealing investments for operators trying to cut expenses since their running and maintenance costs are lower. Because battery prices are falling and thereby making electric and hybrid buses practical for more routes, technological developments are making them more inexpensive, efficient, and with longer ranges. Seeing it as a means of expansion and creativity, major manufacturers are launching fresh electric and hybrid bus models to take advantage of rising demand. Customers especially in metropolitan areas are looking for greener transportation choices, hence hybrid and electric buses seem as friendly choices for the surroundings.

Insights from Market Segments
Type determines the single deck, double deck, low floor bus, minibus, coach, and others segmentation of the Buses and Coaches Market.
Based on propulsion, the market segmentation comprises ICE and electric.
The Market segmentation based on Seat Capacity comprises 15–30 Seats, 31–50 Seats and more than 50 Seats.
The Buses & Coaches Market is split according on application City Buses, Intercity Coaches, Airport Shuttle, Delivery Van, School Buses, and Others.
The Market segmentation based on Sales Channel comprises OEM and aftermarket.

Regional Knowledge

For the Buses and Coaches Market, Asia-Pacific boasts the biggest and most developed revenue stream. With so many manufacturers and operators involved in the manufacturing and use of buses and coaches, the Asia Pacific area represents a sizable market for them. The market is driven by public transit, travel, and private hire companies. With several manufacturers and operators spread throughout several nations in the region, the industry is somewhat fragmented.
The increasing number of data centers in North America should help the market to flourish. Rising demand for public transportation, the growth of the travel sector, and the need for efficient and sustainable transportation substitutes drive the market in several directions. With most of the market share, the United States rules the buses and coaches market in North America.

Demand for transport services—including public transport, tourism, and private hire—is expected to drive a major portion of the Europe region's share of the world market. Demand for travel, public transit, and private hire fuels the market as well as other aspects. The market is rather fragmented since many manufacturers and operators are distributed over several nations.

Main Players
The main participants in the market are Anhui Ankai Automobile Co., LTD, BYD Company Limited, Daimler Truck AG, Proterra, AB Volvo, MAN, Xiamen King Long United Automotive Industry Co., LTD, Yutong Bus Co., LTD, NFI Group, and Tata Motors.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 17
1.1.1 GLOBAL BUSES AND COACHES MARKET, BY TYPE 19
1.1.2 GLOBAL BUSES AND COACHES MARKET, BY PROPULSION 20
1.1.3 GLOBAL BUSES AND COACHES MARKET, BY SEAT CAPACITY 21
1.1.4 GLOBAL BUSES AND COACHES MARKET, BY APPLICATION 22
1.1.5 GLOBAL BUSES AND COACHES MARKET, BY SALES CHANNEL 23
1.1.6 GLOBAL BUSES AND COACHES MARKET, BY REGION 24
2 MARKET INTRODUCTION 25
2.1 DEFINITION 25
2.2 SCOPE OF THE STUDY 25
2.3 RESEARCH OBJECTIVE 25
2.4 MARKET STRUCTURE 26
3 RESEARCH METHODOLOGY 27
3.1 RESEARCH PROCESS 27
3.2 PRIMARY RESEARCH 28
3.3 SECONDARY RESEARCH 29
3.4 MARKET SIZE ESTIMATION 30
3.5 FORECAST MODEL 31
3.6 LIST OF ASSUMPTIONS 32
4 MARKET DYNAMICS 33
4.1 OVERVIEW 33
4.2 DRIVERS 34
4.2.1 INCREASED APPETITE FOR CONNECTIVITY AND EMERGING TECHNOLOGIES 34
4.2.2 GROWING INVESTMENTS IN PUBLIC TRANSPORTATION INFRASTRUCTURE 34
4.3 RESTRAINTS 35
4.3.1 HIGH INITIAL COST 35
4.4 OPPORTUNITIES 36
4.4.1 INCREASING DEMAND FOR ELECTRIC & HYBRID VEHICLES 36
4.5 COVID-19 IMPACT ANALYSIS 36
4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY 36
4.5.1.1 1ECONOMIC IMPACT 37
4.5.2 IMPACT ON BUSES AND COACHES MARKET 37
4.5.3 IMPACT ON THE SUPPLY CHAIN 37
4.5.3.1 PRICE VARIATION OF KEY RAW MATERIALS 37
4.5.3.2 1PRODUCTION SHUTDOWN 38
4.5.3.3 CASH FLOW CONSTRAINTS 38
4.5.3.4 IMPACT ON IMPORT/EXPORT 38
4.5.4 IMPACT ON MARKET DEMAND OF BUSES AND COACHES 39
4.5.4.1 IMPACT DUE TO RESTRICTION/LOCKDOWN 39
4.5.4.2 CONSUMER SENTIMENTS 39
4.5.5 IMPACT ON PRICING OF BUSES AND COACHES 39
5 MARKET FACTOR ANALYSIS 40
5.1 SUPPLY CHAIN ANALYSIS 40
5.1.1 DESIGN & DEVELOPMENT 41
5.1.2 RAW MATERIAL SUPPLY 41
5.1.3 MANUFACTURE & ASSEMBLY 41
5.1.4 SALES & DISTRIBUTION 41
5.1.5 END USERS 42
5.2 PORTER'S FIVE FORCES MODEL 42
5.2.1 THREAT OF NEW ENTRANTS 43
5.2.2 BARGAINING POWER OF SUPPLIERS 43
5.2.3 THREAT OF SUBSTITUTES 43
5.2.4 BARGAINING POWER OF BUYERS 43
5.2.5 INTENSITY OF RIVALRY 43
6 GLOBAL BUSES AND COACHES MARKET, BY TYPE 44
6.1 OVERVIEW 44
6.2 SINGLE DECK 45
6.3 DOUBLE DECK 45
6.4 LOW FLOOR BUSES 46
6.5 MINIBUS 46
6.6 COACHES 46
6.7 OTHERS 46
7 GLOBAL BUSES AND COACHES MARKET, BY PROPULSION 48
7.1 OVERVIEW 48
7.2 ICE 49
7.3 ELECTRIC 49
8 GLOBAL BUSES AND COACHES MARKET, BY SEAT CAPACITY 50
8.1 OVERVIEW 50
8.2 15-30 SEATS 51
8.3 31-50 SEATS 51
8.4 MORE THAN 50 SEATS 52
9 GLOBAL BUSES AND COACHES MARKET, BY APPLICATION 53
9.1 OVERVIEW 53
9.2 CITY BUSES 54
9.3 INTERCITY BUSES 54
9.4 AIRPORT SHUTTLE 55
9.5 DELIVERY VAN 55
9.6 SCHOOL BUSES 55
9.7 OTHERS 56
10 GLOBAL BUSES AND COACHES MARKET, BY SALES CHANNEL 57
10.1 OVERVIEW 57
10.2 OEM 58
10.3 AFTERMARKET 58
11 GLOBAL BUSES AND COACHES MARKET, BY REGION 59
11.1 OVERVIEW 59
11.2 NORTH AMERICA 61
11.2.1 US 63
11.2.2 CANADA 65
11.2.3 MEXICO 67
11.3 EUROPE 69
11.3.1 GERMANY 71
11.3.2 FRANCE 73
11.3.3 UK 75
11.3.4 SPAIN 76
11.3.5 ITALY 78
11.3.6 POLAND 80
11.3.7 CZECH REPUBLIC 81
11.3.8 REST OF EUROPE 83
11.4 ASIA-PACIFIC 85
11.4.1 CHINA 88
11.4.2 INDIA 89
11.4.3 JAPAN 91
11.4.4 SOUTH KOREA 93
11.4.5 AUSTRALIA 94
11.4.6 REST OF ASIA-PACIFIC 96
11.5 MIDDLE EAST & AFRICA 98
11.5.1 EGYPT 100
11.5.2 TURKEY 102
11.5.3 REST OF MIDDLE EAST & AFRICA 104
11.6 LATIN AMERICA 106
12 COMPETITIVE LANDSCAPE 108
12.1 OVERVIEW 108
12.2 COMPETITIVE BENCHMARKING 109
12.3 MARKET SHARE ANALYSIS, 2022 110
12.4 KEY DEVELOPMENT IN THE GLOBAL BUSES AND COACHES MARKET 110
12.4.1 PRODUCT LAUNCH 110
12.4.2 COLLABORATION 110
12.4.3 PARTNERSHIP 111
12.4.4 EXPANSION 111
12.4.5 INVESTMENT 111
12.4.6 ACQUSITION 112
12.4.7 CONTRACTS & AGREEMENTS 112
13 COMPANY PROFILES 113
13.1 ANHUI ANKAI AUTOMOBILE CO., LTD 113
13.1.1 COMPANY OVERVIEW 113
13.1.2 FINANCIAL OVERVIEW 113
13.1.3 PRODUCTS OFFERED 114
13.1.4 KEY DEVELOPMENTS 115
13.1.5 SWOT ANALYSIS 116
13.1.6 KEY STRATEGIES 116
13.2 BYD COMPANY LIMITED 117
13.2.1 COMPANY OVERVIEW 117
13.2.2 FINANCIAL OVERVIEW 118
13.2.3 PRODUCTS OFFERED 118
13.2.4 KEY DEVELOPMENTS 119
13.2.5 SWOT ANALYSIS 119
13.2.6 KEY STRATEGIES 119
13.3 DAIMLER TRUCK AG 120
13.3.1 COMPANY OVERVIEW 120
13.3.2 FINANCIAL OVERVIEW 120
13.3.3 PRODUCTS OFFERED 121
13.3.4 KEY DEVELOPMENTS 122
13.3.5 SWOT ANALYSIS 122
13.3.6 KEY STRATEGIES 122
13.4 PROTERRA 123
13.4.1 COMPANY OVERVIEW 123
13.4.2 FINANCIAL OVERVIEW 123
13.4.3 PRODUCTS OFFERED 124
13.4.4 KEY DEVELOPMENTS 124
13.4.5 SWOT ANALYSIS 125
13.4.6 KEY STRATEGIES 125
13.5 AB VOLVO 126
13.5.1 COMPANY OVERVIEW 126
13.5.2 FINANCIAL OVERVIEW 127
13.5.3 PRODUCTS OFFERED 127
13.5.4 KEY DEVELOPMENTS 128
13.5.5 SWOT ANALYSIS 128
13.5.6 KEY STRATEGIES 129
13.6 MAN 130
13.6.1 COMPANY OVERVIEW 130
13.6.2 FINANCIAL OVERVIEW 130
13.6.3 PRODUCTS OFFERED 131
13.6.4 KEY DEVELOPMENTS 131
13.6.5 SWOT ANALYSIS 132
13.6.6 KEY STRATEGIES 132
13.7 XIAMEN KING LONG UNITED AUTOMOTIVE INDUSTRY CO., LTD 133
13.7.1 COMPANY OVERVIEW 133
13.7.2 FINANCIAL OVERVIEW 133
13.7.3 PRODUCTS OFFERED 134
13.7.4 KEY DEVELOPMENTS 134
13.7.5 SWOT ANALYSIS 135
13.7.6 KEY STRATEGIES 135
13.8 YUTONG BUS CO., LTD. 136
13.8.1 COMPANY OVERVIEW 136
13.8.2 FINANCIAL OVERVIEW 136
13.8.3 PRODUCTS OFFERED 137
13.8.4 KEY DEVELOPMENTS 137
13.8.5 SWOT ANALYSIS 137
13.8.6 KEY STRATEGIES 138
13.9 NFI GROUP 139
13.9.1 COMPANY OVERVIEW 139
13.9.2 FINANCIAL OVERVIEW 140
13.9.3 PRODUCTS OFFERED 140
13.9.4 KEY DEVELOPMENTS 141
13.9.5 SWOT ANALYSIS 141
13.9.6 KEY STRATEGIES 141
13.10 TATA MOTORS 142
13.10.1 COMPANY OVERVIEW 142
13.10.2 FINANCIAL OVERVIEW 143
13.10.3 PRODUCTS OFFERED 143
13.10.4 KEY DEVELOPMENTS 143
13.10.5 SWOT ANALYSIS 144
13.10.6 KEY STRATEGIES 144