Global Bus Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Global Bus Market is segmented by Engine Type ( Hybrid And Electric Vehicles, ICE ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America )

Bus Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Engine Type: ICE
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region: Asia-Pacific
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 6.42 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Bus Market Analysis

The Global Bus Market is projected to register a CAGR of 6.42%

  • Largest Segment by Fuel Type - Diesel : HEV is the most utilized electric bus propulsion technology in the world. Government backing in the form of subsidies and strict pollution standards is making HEVlargest fuel type in buses globally.
  • Fastest-growing Segment by Fuel Type - BEV : Assistance from both government and private programs to cut carbon emission, and development in charging infrastructure is making BEV the fastest growing fuel type in buses in globally.
  • Fastest-growing by Country - US : The United States has the fastest-growing economy due to the renovation and electrification of the buses as part of the new infrastructure package, which is expanding bus fleet significantly in US.

Bus Industry Segmentation

Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type. Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America are covered as segments by Region.
Engine Type
Hybrid And Electric Vehicles
By Fuel Type
BEV
FCEV
HEV
PHEV
ICE
By Fuel Type
CNG
Diesel
Gasoline
LPG
Region
Africa
South Africa
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Middle East
UAE
Rest-of-MEA
Miidle East
North America
Canada
Mexico
US
Rest-of-North America
South America
Rest-of-Latin America

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Bus Market Trends

This section covers the major market trends shaping the Bus Market according to our research experts:

ICE is the largest segment by Engine Type.

  • The cost of fuel makes up a sizable portion of any vehicle's operational expenses. Utilizing an electric bus for public transportation lowers the total cost of ownership and other upfront expenditures. The rising cost of gasoline also adds to the total cost of operational expenses. Prices for electric buses are anticipated to reach the price level of diesel buses by 2030. Compared to a diesel-powered bus, electric buses can save maintenance and operational expenses by 81-83%.
  • An electric bus costs USD 750,000 compared to USD 500,000 for a typical diesel transit vehicle. Despite their higher initial costs, electric buses are a cost-effective alternative. They offer lower operating costs due to their lower maintenance and fuel expenditures, as well as greater cost predictability due to the relative stability of electricity prices compared to fossil fuel prices, resulting in significant savings over the course of their lifetime. With favorable legislation, electric buses are more financially feasible. Manufacturers of electric buses assert that these vehicles make up for their higher initial cost with fuel savings of USD 400,000 and maintenance savings of about USD 125,000. These vehicles have a prolonged life, low maintenance costs, and higher comfort due to the minimal vibrations and moving mechanical parts during operation.
  • Although the components of the global e-bus ecosystem are being implemented in accordance with established government regulations, the immediate challenge of setting up and managing e-bus charging stations in terms of planning, the scope of responsibilities, and operation must be addressed on a high-priority basis.
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Asia-Pacific is the largest segment by Region.

  • Fuel constitutes a major part of the operating cost of any vehicle. Using an electric bus for public transport reduces fuel costs, along with other upfront costs and the total cost of ownership. By 2030, the prices for electric buses are expected to decrease to the price level of diesel fuel buses. Electric buses help reduce 81-83% of the maintenance and operating costs compared to a diesel-engine bus.
  • An electric bus costs USD 750,000 compared to USD 500,000 for a typical diesel transit vehicle. Despite their higher initial costs, electric buses are a cost-effective alternative. They offer lower operating costs due to lower maintenance and fuel expenditures, as well as greater cost predictability due to the relative stability of electricity prices compared to fossil fuel prices, resulting in significant savings over the course of their lifetime. With favorable legislation, electric buses are more financially feasible. Manufacturers of electric buses assert that these vehicles more than make up for their higher initial cost with fuel savings of USD 400,000 and maintenance savings of about USD 125,000.
  • Although the components of the global e-bus ecosystem are being implemented in accordance with established government regulations, the immediate challenge of setting up and managing e-bus charging stations in terms of planning, the scope of responsibilities, and operation must be addressed on a high-priority basis to expedite the development of the e-bus ecosystem across the world. 
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Bus Industry Overview

The Global Bus Market is fairly consolidated, with the top five companies occupying 67.30%. The major players in this market are Anhui Ankai Automobile Co. Ltd, BYD Company Limited, King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Group Co. Ltd. and Zhongtong Bus Holding Co. Ltd. (sorted alphabetically).

Bus Market Leaders

  1. Anhui Ankai Automobile Co. Ltd

  2. BYD Company Limited

  3. King Long United Automotive Industry Co. Ltd.

  4. Zhengzhou Yutong Group Co. Ltd.

  5. Zhongtong Bus Holding Co. Ltd.

*Disclaimer: Major Players sorted in no particular order

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Bus Market News

  • April 2022: Proterra introduced the new ZX5 electric bus with 738 kilowatt hours of energy
  • March 2022: Proterra Inc announced a strategic, multi-year supply agreement with The Shyft Group to power their Blue Arc purpose-built electric delivery van and EV chassis.
  • December 2021: Proterra announced its new EV Battery Factory in South Carolina as Demand for Commercial Electric Vehicles increased.

Bus Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  2. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP

    3. 2.3. CVP

    4. 2.4. Inflation Rate

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Battery Price (per Kwh)

    7. 2.7. Logistics Performance Index

    8. 2.8. Electrification Impact

    9. 2.9. New XEV Models Announced

    10. 2.10. Charging Stations Deployment

    11. 2.11. Regulatory Framework

    12. 2.12. Value Chain & Distribution Channel Analysis

  3. 3. MARKET SEGMENTATION

    1. 3.1. Engine Type

      1. 3.1.1. Hybrid And Electric Vehicles

        1. 3.1.1.1. By Fuel Type

          1. 3.1.1.1.1. BEV

          2. 3.1.1.1.2. FCEV

          3. 3.1.1.1.3. HEV

          4. 3.1.1.1.4. PHEV

      2. 3.1.2. ICE

        1. 3.1.2.1. By Fuel Type

          1. 3.1.2.1.1. CNG

          2. 3.1.2.1.2. Diesel

          3. 3.1.2.1.3. Gasoline

          4. 3.1.2.1.4. LPG

    2. 3.2. Region

      1. 3.2.1. Africa

        1. 3.2.1.1. South Africa

      2. 3.2.2. Asia-Pacific

        1. 3.2.2.1. Australia

        2. 3.2.2.2. China

        3. 3.2.2.3. India

        4. 3.2.2.4. Indonesia

        5. 3.2.2.5. Japan

        6. 3.2.2.6. Malaysia

        7. 3.2.2.7. South Korea

        8. 3.2.2.8. Thailand

        9. 3.2.2.9. Rest-of-APAC

      3. 3.2.3. Europe

        1. 3.2.3.1. Austria

        2. 3.2.3.2. Belgium

        3. 3.2.3.3. Czech Republic

        4. 3.2.3.4. Denmark

        5. 3.2.3.5. Estonia

        6. 3.2.3.6. France

        7. 3.2.3.7. Germany

        8. 3.2.3.8. Ireland

        9. 3.2.3.9. Italy

        10. 3.2.3.10. Latvia

        11. 3.2.3.11. Lithuania

        12. 3.2.3.12. Norway

        13. 3.2.3.13. Poland

        14. 3.2.3.14. Russia

        15. 3.2.3.15. Spain

        16. 3.2.3.16. Sweden

        17. 3.2.3.17. UK

        18. 3.2.3.18. Rest-of-Europe

      4. 3.2.4. Middle East

        1. 3.2.4.1. UAE

        2. 3.2.4.2. Rest-of-MEA

      5. 3.2.5. Miidle East

      6. 3.2.6. North America

        1. 3.2.6.1. Canada

        2. 3.2.6.2. Mexico

        3. 3.2.6.3. US

        4. 3.2.6.4. Rest-of-North America

      7. 3.2.7. South America

        1. 3.2.7.1. Rest-of-Latin America

  4. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Anhui Ankai Automobile Co. Ltd

      2. 4.4.2. Ashok Leyland

      3. 4.4.3. BYD Company Limited

      4. 4.4.4. Daimler AG

      5. 4.4.5. King Long United Automotive Industry Co. Ltd.

      6. 4.4.6. NFI Group Inc.

      7. 4.4.7. Proterra Inc.

      8. 4.4.8. Tata Motors Limited

      9. 4.4.9. Volvo Group

      10. 4.4.10. Zhengzhou Yutong Group Co. Ltd.

      11. 4.4.11. Zhongtong Bus Holding Co. Ltd.

  5. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  6. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 2:  

    GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 3:  

    GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 4:  

    GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 5:  

    GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 6:  

    GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 7:  

    GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 8:  

    GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 9:  

    GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 10:  

    GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 11:  

    GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 12:  

    GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 13:  

    GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 14:  

    GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 15:  

    GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 16:  

    GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 17:  

    GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 18:  

    GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 19:  

    GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 20:  

    GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 21:  

    GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 22:  

    GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 23:  

    GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 24:  

    GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 25:  

    GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 26:  

    GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 27:  

    GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 28:  

    GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 29:  

    GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 30:  

    GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 31:  

    GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 32:  

    GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 33:  

    GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 34:  

    GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 35:  

    GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 36:  

    GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 37:  

    GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 38:  

    GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 39:  

    GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 40:  

    GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 41:  

    GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 42:  

    GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 43:  

    GLOBAL BUS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 44:  

    GLOBAL BUS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 45:  

    GLOBAL BUS MARKET, VOLUME IN UNITS, 2016 – 2026

    Figure 46:  

    GLOBAL BUS MARKET, VALUE IN USD, 2016 – 2026

    Figure 47:  

    GLOBAL BUS MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 48:  

    GLOBAL BUS MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028

    Figure 49:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028

    Figure 50:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028

    Figure 51:  

    GLOBAL BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 52:  

    GLOBAL BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 53:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 54:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 55:  

    GLOBAL BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028

    Figure 56:  

    GLOBAL BUS MARKET, BY BEV, BY VALUE IN USD, 2016-2028

    Figure 57:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 58:  

    GLOBAL BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028

    Figure 59:  

    GLOBAL BUS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028

    Figure 60:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 61:  

    GLOBAL BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028

    Figure 62:  

    GLOBAL BUS MARKET, BY HEV, BY VALUE IN USD, 2016-2028

    Figure 63:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 64:  

    GLOBAL BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028

    Figure 65:  

    GLOBAL BUS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028

    Figure 66:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 67:  

    GLOBAL BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 68:  

    GLOBAL BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 69:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 70:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 71:  

    GLOBAL BUS MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028

    Figure 72:  

    GLOBAL BUS MARKET, BY CNG, BY VALUE IN USD, 2016-2028

    Figure 73:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 74:  

    GLOBAL BUS MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028

    Figure 75:  

    GLOBAL BUS MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028

    Figure 76:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 77:  

    GLOBAL BUS MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028

    Figure 78:  

    GLOBAL BUS MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028

    Figure 79:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 80:  

    GLOBAL BUS MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028

    Figure 81:  

    GLOBAL BUS MARKET, BY LPG, BY VALUE IN USD, 2016-2028

    Figure 82:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028

    Figure 83:  

    GLOBAL BUS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028

    Figure 84:  

    GLOBAL BUS MARKET, BY REGION, BY VALUE IN USD, 2016-2028

    Figure 85:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 86:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 87:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 88:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 89:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 90:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 91:  

    GLOBAL BUS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028

    Figure 92:  

    GLOBAL BUS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028

    Figure 93:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 94:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 95:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 96:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 97:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 98:  

    GLOBAL BUS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028

    Figure 99:  

    GLOBAL BUS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028

    Figure 100:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 101:  

    GLOBAL BUS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028

    Figure 102:  

    GLOBAL BUS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028

    Figure 103:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 104:  

    GLOBAL BUS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028

    Figure 105:  

    GLOBAL BUS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028

    Figure 106:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 107:  

    GLOBAL BUS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028

    Figure 108:  

    GLOBAL BUS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028

    Figure 109:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 110:  

    GLOBAL BUS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028

    Figure 111:  

    GLOBAL BUS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028

    Figure 112:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 113:  

    GLOBAL BUS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028

    Figure 114:  

    GLOBAL BUS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028

    Figure 115:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 116:  

    GLOBAL BUS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028

    Figure 117:  

    GLOBAL BUS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028

    Figure 118:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 119:  

    GLOBAL BUS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028

    Figure 120:  

    GLOBAL BUS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028

    Figure 121:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 122:  

    GLOBAL BUS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028

    Figure 123:  

    GLOBAL BUS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028

    Figure 124:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 125:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 126:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 127:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 128:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 129:  

    GLOBAL BUS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028

    Figure 130:  

    GLOBAL BUS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028

    Figure 131:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 132:  

    GLOBAL BUS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028

    Figure 133:  

    GLOBAL BUS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028

    Figure 134:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 135:  

    GLOBAL BUS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028

    Figure 136:  

    GLOBAL BUS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028

    Figure 137:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 138:  

    GLOBAL BUS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028

    Figure 139:  

    GLOBAL BUS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028

    Figure 140:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 141:  

    GLOBAL BUS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028

    Figure 142:  

    GLOBAL BUS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028

    Figure 143:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 144:  

    GLOBAL BUS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028

    Figure 145:  

    GLOBAL BUS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028

    Figure 146:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 147:  

    GLOBAL BUS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028

    Figure 148:  

    GLOBAL BUS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028

    Figure 149:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028

    Figure 152:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028

    Figure 155:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028

    Figure 158:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 159:  

    GLOBAL BUS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028

    Figure 161:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 162:  

    GLOBAL BUS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028

    Figure 164:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 165:  

    GLOBAL BUS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028

    Figure 167:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 168:  

    GLOBAL BUS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028

    Figure 169:  

    GLOBAL BUS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028

    Figure 170:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028

    Figure 173:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 174:  

    GLOBAL BUS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028

    Figure 176:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 177:  

    GLOBAL BUS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028

    Figure 178:  

    GLOBAL BUS MARKET, BY UK, BY VALUE IN USD, 2016-2028

    Figure 179:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 180:  

    GLOBAL BUS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028

    Figure 182:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 183:  

    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 187:  

    GLOBAL BUS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY UAE, BY VALUE IN USD, 2016-2028

    Figure 189:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028

    Figure 192:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 195:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY US, BY VALUE IN USD, 2016-2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028

    Figure 212:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 215:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL BUS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL BUS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028

    Figure 219:  

    GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 220:  

    GLOBAL BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 221:  

    GLOBAL BUS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 222:  

    GLOBAL BUS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - A road vehicle that carries significantly more passengers than an average car or van. It is most commonly used in public transport but is also used for charter purposes or private ownership.
  • Engine Type - This includes Hybrid and electric vehicles and Internal combustion engines (ICE).
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV while ICE includes Gasoline, Diesel, CNG, LPG.
  • Sub Body Type -
  • Vehicle Type - Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes medium and heavy-duty buses.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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Bus Market Research FAQs

The Global Bus Market is studied from 2016 - 2028.

The Global Bus Market is growing at a CAGR of 6.42% over the next 5 years.

ICE is growing at the highest CAGR over 2016 - 2028.

Asia-Pacific holds highest share in 2021.

Anhui Ankai Automobile Co. Ltd, BYD Company Limited, King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Group Co. Ltd., Zhongtong Bus Holding Co. Ltd. are the major companies operating in Global Bus Market.

Global Bus Industry Report

Statistics for the 2023 Global Bus market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Bus analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.