About Buses & Coaches-
Buses and coaches that are engaged in transport operations in accordance with the provisions of this Agreement shall be exempted from all vehicle taxes and charges levied on the circulation or possession of vehicles, as well as from all special taxes or charges levied on transport operations in the territory of the other contracting parties. Travel by bus relies, quite naturally, on the vehicle to get them to their destination reliably and safely. Buses and coaches used on contracted home-to-school transport routes are public service vehicles and are subject to specific safety legislation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 17.9% |
Competition among existing players is due to the Buses & Coaches market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Buses & Coaches Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Sweden Manufacturers will contribute the maximum growth to Global Buses & Coaches- market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daimler (Germany), VDL Bus and Coach (Netherlands), Scania (Sweden), Volva (Sweden), IVECO (France), Hyundai Motor Company ( South Korea), VanHool (Belgium), Zhengzhou Yutong Bus (China), Alexander Dennis (United Kingdom), Xiamen King Long United Automotive (China), Zhengzhou Yutong Bus Co.Ltd (China), , , , , , , , , , , , , , , 9, Marcopolo, Eicher Motors Limited, TATA Motors, Ashok Leyland and Solaris Bus and Coach SA are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ashok Leyland (India), Higer Bus (China), YUTONG (China), TATA Motors (India), VDL Bus & Coach (Netherlands) and Zhongtong Bus (China).
Segmentation Overview
AMA Research has segmented the market of Global Buses & Coaches- market by Type (Single deck bus, Double decker bus, Articulated buses, Minibus, Trolley bus, Coaches and Others), Application (City bus /Coaches, Transit bus, School bus and Others) and Region.
On the basis of geography, the market of Buses & Coaches- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Seating Capacity, the sub-segment i.e. 1530 Seater will boost the Buses & Coaches- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Gasoline will boost the Buses & Coaches- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Product innovations and Zero-emissions coaches
Market Growth Drivers:
Rise in demand for mini-buses and coaches and The growing demand for efficient and substantiable public transportation system
Challenges:
Increase energy efficiency across the entire vehicle life-cycle and Demonstrate affordable and sustainable vehicle weight reductions
Restraints:
Limitations associated with electric vehicles, The high initial investment and Vehicles are expensive
Opportunities:
Increasing demand School bus services and High demand long distance, tourist and charter services
Market Leaders and their expansionary development strategies
In January 2024, FirstGroup plc has signed an agreement to acquired York Pullman Bus Company Ltd, a high-performing business comprising five well-established brands in the provision of bus and coach services. It has a strong presence in regional and business to business (B2B) operations in York and the surrounding area of North Yorkshire.
In October 2021, VE Commercial Vehicles launched a new Coach & Sleeper bus range. The custom-developed buses, designed and built in Volvo Buses Indias factory in Hoskote on a high-performance front-engine Eicher 6016 R LPO 12.4 m chassis, are suitable for bus travel in India with their future-ready design and luxurious interiors.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.