Bus Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Bus Market and it is Segmented by Type (Single and Double), Application (Transit Bus, Intercity Bus/Motorcoaches, School Bus, Other Application), Fuel Type (Diesel, Battery Electric, Plug-in Hybrid, Fuel Cell Electric, and Others fuel type), by Seating Capacity (Up to 30 seats, 31-50 seats, more than 50 seats), by length (up to 9 meters, 9-12 meters, and more than 12 meters), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The market size and forecasts are provided in terms of value (USD Billion) for all the above segments.

Bus Market Size

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Global Bus Market
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2018 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 109.01 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 193.23 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing Market Asia Pacific
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 12.13 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Market Asia-Pacific

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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Bus Market Analysis

The Bus Market size is estimated at USD 109.01 billion in 2024, and is expected to reach USD 193.23 billion by 2029, growing at a CAGR of 12.13% during the forecast period (2024-2029).

The bus market is a dynamic and vital sector of the transportation industry, catering to various passenger transportation needs across different regions and applications. Buses serve as a cost-effective and efficient mode of transportation for both urban and intercity travel, school transportation, tourism, and more.

As cities and urban areas continue to expand, the need for efficient and sustainable public transportation systems becomes crucial. Buses play a vital role in meeting this demand, offering a cost-effective solution for mass transit. Governments and city authorities are investing in bus fleet expansion and modernization to improve public transportation infrastructure and reduce congestion and emissions.

With the increasing focus on environmental sustainability and reducing carbon emissions, there has been a growing shift towards electric and hybrid buses. Electric buses, powered by battery technology, are gaining popularity due to their zero-emission capabilities, reduced operating costs, and improved energy efficiency. Governments and public transport operators are increasingly adopting electric and hybrid buses, driving market growth in this segment.

The bus industry is experiencing significant technological advancements aimed at enhancing passenger comfort, safety, and operational efficiency. These include features such as improved seating arrangements, advanced infotainment systems, integrated connectivity options, driver assistance systems, and intelligent fleet management solutions. Technological innovations are driving the market by offering enhanced passenger experiences and optimizing operational efficiencies.

The rising middle-class population in developing countries is contributing to the demand for personal transportation, including buses. As disposable incomes increase, more individuals and families are seeking affordable mobility options. Buses provide an economical mode of transportation for commuting within cities and towns, making them an attractive choice for middle-class consumers.

Rapidly growing economies, particularly in the Asia-Pacific and Latin American regions, are witnessing significant demand for buses. These markets are characterized by increasing urbanization, infrastructure development, and rising disposable incomes. Governments in these regions are investing in public transportation systems and expanding their bus fleets to cater to growing transportation needs.

The bus market also includes a substantial aftermarket segment, offering maintenance, repair, and spare parts services. Aftermarket services play a vital role in ensuring the longevity and optimal performance of bus fleets. Service providers and manufacturers are focusing on providing efficient and reliable aftermarket support to sustain customer satisfaction and loyalty.

Overall, the bus market is experiencing steady growth and transformation driven by factors such as urbanization, environmental concerns, technological advancements, and evolving consumer preferences. The industry is poised for further expansion as governments, transport authorities, and manufacturers continue to invest in improving public transportation infrastructure and adopting sustainable mobility solutions.

Bus Market Trends

INCREASING ADOPTION OF ELECTRIC BUSES MAY PROPEL THE TARGET MARKET GROWTH

Fuel is a significant component of any vehicle's operational costs. With rising fuel prices, utilizing an electric bus for public transportation saves money in the long term. If we compare a diesel engine bus, electric buses save 81-83% on maintenance and operational costs. Electric buses are more comfortable for passengers than gasoline or diesel buses. Unlike traditional diesel buses, the NVH levels in electric buses are negligible, providing passengers with increased comfort.

Electric Bus manufacturing companies are making the investment to develop better product which might boost the demand for buses in upcoming years. For instance,

  • In May 2022, at the advanced clean transportation (act) expo, North America's largest advanced transportation technology and clean fleet event, Blue Bird Corporation unveiled a unique pioneering class 5-6 electric vehicle platformThe 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.

Additionally, in 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 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.

Bus Market - ELECTRIC VEHICLE CHARGING STATION VOLUME IN CANADA, AS OF FEBRUARY 14, 2022, BY PROVINCE AND TERRITORY

Asia-Pacific is the largest segment by Region

The Asia-Pacific region holds a prominent position as the largest segment in the bus market. Several factors contribute to its dominance in terms of market size, demand, and growth opportunities. 

The Asia-Pacific region is home to a significant portion of the world's population, with countries such as China and India having massive populations. As these countries continue to urbanize rapidly, there is a growing need for efficient and reliable public transportation systems to meet the transportation demands of densely populated cities. Buses play a crucial role in catering to the commuting needs of the expanding urban population.

Many countries in the Asia-Pacific region are experiencing robust economic growth, leading to improved living standards and increased disposable incomes. This economic progress has contributed to an increase in demand for personal transportation and public transportation systems. Governments in the region are investing in infrastructure development, including transportation networks, to support economic growth, which includes expanding and upgrading bus fleets.

Governments across the Asia-Pacific region are actively promoting public transportation as a means to address traffic congestion, reduce pollution, and improve mobility. Various policies and initiatives are being implemented to support the expansion of public transportation systems, including the development of bus rapid transit (BRT) networks, subsidies for purchasing buses, and investments in infrastructure. These supportive measures create a favorable environment for the growth of the bus market.

Additionally, the expanding middle-class population in the Asia-Pacific region is a key driver for the bus market. As incomes rise, more individuals are seeking affordable and convenient transportation options. Buses provide a cost-effective solution for urban mobility, particularly for daily commuting within cities. The middle-class population's increasing purchasing power and desire for personal mobility contribute to the growing demand for buses.

Moroever, the Asia-Pacific region has emerged as a leading market for electric buses. Countries such as China have witnessed significant government support and incentives to encourage the adoption of electric vehicles, including buses, as part of their efforts to combat air pollution and reduce dependence on fossil fuels. Chinese manufacturers dominate the electric bus market globally, and their production capabilities have contributed to the region's leadership in the segment.

  • For instance, Transit agencies across various countries have been significantly promoting the adoption of electric buses for public transportation. The adoption rate is climbing in the Asia Pacific. According to UITP, the global share of electric buses among the entire bus sale will be 10% in 2021 and is expected to cross 40% market share in 2022. Nearly 1245 electric buses were sold in India in the year 2021
  • In August 2022, the Government of India sanctioned a substantial budget of USD 10 billion to facilitate the procurement of 50,000 electric buses by the year 2030 as part of the Clean Energy Scheme Limited (CESL). In line with this progressive initiative, the Delhi Transport Corporation (DTC) has declared its commitment to introduce 8,000 electric buses into its fleet by the year 2025.

Additionally, Tata Motors Ltd., a renowned automotive manufacturer, secured a significant order in the same month to supply 1,180 electric buses to the West Bengal Transport Corporation (WBTC) under the CESL program. This move represents a significant stride towards enhancing eco-friendly and sustainable public transportation options in the region.

The Asia-Pacific region is witnessing rapid urbanization, leading to the emergence of megacities with millions of inhabitants. These densely populated urban areas require efficient and sustainable transportation solutions to address the mobility challenges associated with population density and congestion. Buses, with their ability to carry a large number of passengers, provide an essential transportation mode in these urban environments.

The Asia-Pacific region's dominance in the global bus market is driven by its population size, economic growth, supportive government policies, and the need for efficient urban transportation solutions.

With ongoing urbanization, rising disposable incomes, and increasing awareness of environmental sustainability, the demand for buses is expected to continue growing in this region, presenting significant market opportunities for manufacturers, suppliers, and service providers in the bus industry.

Global Bus Market - Growth Rate by Region (2023 - 2028)

Bus Industry Overview

Bus market is fairly consolidated, with the top five companies occupying significant market share. The major players in this market are BAIC Group, Changan Automobile Group, Dongfeng Motor Corp., Jiangling Motors Co. Group, Shanghai Automotive Industry Corporation, Xiamen King Long Motor Group, and Yutong Bus Group. For Instance,

  • In August 2022, Pelican announced in August the debut of the Yutong E9, a new, smaller zero-emission car. The E9 measures 8.94 meters in length and 2.42 meters in width. The inclusion of the smaller E9 in our zero-emission offering is a welcome development. 
    • The Yutong product gives consumers true choice, with three distinct single deck sizes and the first zero-emission coach in the United Kingdom. The E9's size and maneuverability make it perfect for a variety of applications. The first car is now being built, and orders have already been placed for delivery in March 2023.
  • In August 2022, The Switch EiV22 is India's first electric double-decker bus, designed, and manufactured completely in India to leverage Switch's global electric bus experience. It has cutting-edge technology and an ultra-modern design that includes stringent safety requirements as well as best-in-class comfort features. 
    • The redesigned famous double-decker bus is intended to change public transportation in the country by creating new intra-city bus norms.
  • April 2022: Proterra introduced the new ZX5 electric bus with 738 kilowatt hours of energy

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

Bus Market Concentration
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Bus Market News

  • In September 2022, GreenPower Motor Company Inc., a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, announced the launch of its West Virginia state pilot project to demonstrate all-electric school buses in West Virginia school transportation operations, beginning with Cabell, Kanawha, and Mercer Counties.
  • In August 2022, Swedish-Kenyan mobility company ROAM has announced the launch of the first all-electric bus built for local transport in Africa, following the launch of the first production model of an electric motorcycle. ROAM Rapid is an electric bus specifically designed to meet the unique challenges of public transport in Nairobi and across Africa.
  • In March 2022, Ho Chi Minh City (HCMC) launched its first e-bus line of 29 km operated by Vinbus. The fare is only 3,000-7,000 VND per trip, and the elderly, disabled, and children under 1.3 meters ride for free.
  • 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 electric vehicles (EV) chassis.

Bus Market Report - Table of Contents

  1. 0. INTRODUCTION

    1. 0_0. Study Assumptions

    2. 0_1. Scope of the Study

  2. 1. RESEARCH METHODOLOGY

  3. 2. EXECUTIVE SUMMARY

  4. 3. MARKET DYNAMICS

    1. 3_0. Market Drivers

      1. 3_0_0. Increasing Urbanization And Population Growth

      2. 3_0_1. Others

    2. 3_1. Market Restraints

      1. 3_1_0. Competition From Other Modes Of Transportation

      2. 3_1_1. Others

    3. 3_2. Industry Attractiveness - Porter's Five Forces Analysis

      1. 3_2_0. Threat of New Entrants

      2. 3_2_1. Bargaining Power of Buyers/Consumers

      3. 3_2_2. Bargaining Power of Suppliers

      4. 3_2_3. Threat of Substitute Products

      5. 3_2_4. Intensity of Competitive Rivalry

  5. 4. MARKET SEGMENTATION

    1. 4_0. By Type

      1. 4_0_0. Single Deck

      2. 4_0_1. Double Deck

    2. 4_1. By Application

      1. 4_1_0. Transit Bus

      2. 4_1_1. Intercity Bus/Motorcoaches

      3. 4_1_2. School Bus

      4. 4_1_3. Other Applications

    3. 4_2. By Fuel Type

      1. 4_2_0. Diesel

      2. 4_2_1. Battery Electric

      3. 4_2_2. Plug-in Hybrid

      4. 4_2_3. Fuel Cell Electric

      5. 4_2_4. Other Fuel Type

    4. 4_3. By Seating Capacity

      1. 4_3_0. Up to 30 Seats

      2. 4_3_1. 31 - 50 Seats

      3. 4_3_2. More Than 50 Seats

    5. 4_4. By length

      1. 4_4_0. Up to 9 Meters

      2. 4_4_1. 9 Meters - 12 Meters

      3. 4_4_2. More Than 12 Meters

    6. 4_5. Geography

      1. 4_5_0. North America

        1. 4_5_0_0. United States

        2. 4_5_0_1. Canada

        3. 4_5_0_2. Rest of North America

      2. 4_5_1. Europe

        1. 4_5_1_0. Germany

        2. 4_5_1_1. United Kingdom

        3. 4_5_1_2. France

        4. 4_5_1_3. Italy

        5. 4_5_1_4. Rest of Europe

      3. 4_5_2. Asia-Pacific

        1. 4_5_2_0. China

        2. 4_5_2_1. Japan

        3. 4_5_2_2. India

        4. 4_5_2_3. South Korea

        5. 4_5_2_4. Rest of Asia-Pacific

      4. 4_5_3. Rest of the world

        1. 4_5_3_0. South America

        2. 4_5_3_1. Middle-East and Africa

  6. 5. COMPETITIVE LANDSCAPE

    1. 5_0. Vendor Market Share**

    2. 5_1. Company Profiles*

      1. 5_1_0. Mercedes-benz Group Ag

      2. 5_1_1. Ab Volvo

      3. 5_1_2. Byd Motors Inc.

      4. 5_1_3. Jiangling Motors Co. Group

      5. 5_1_4. BAIC Group

      6. 5_1_5. Xiamen King Long Motor Group

      7. 5_1_6. Shanghai Automotive Industry Corporation

      8. 5_1_7. Changan Automobile Group

      9. 5_1_8. Dongfeng Motor Corp.

      10. 5_1_9. Yutong Bus Group

  7. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

List of Tables & Figures

  1. Figure 1:  
  2. GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 3:  
  2. GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 4:  
  2. GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 5:  
  2. GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 6:  
  2. GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 7:  
  2. GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 8:  
  2. GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 9:  
  2. GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 10:  
  2. GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 11:  
  2. GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 12:  
  2. GLOBAL BUS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 13:  
  2. GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 14:  
  2. GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 15:  
  2. GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 16:  
  2. GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 17:  
  2. GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 18:  
  2. GLOBAL BUS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 19:  
  2. GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 20:  
  2. GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 21:  
  2. GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 22:  
  2. GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 23:  
  2. GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 24:  
  2. GLOBAL BUS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 25:  
  2. GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 26:  
  2. GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 27:  
  2. GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 28:  
  2. GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 29:  
  2. GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 30:  
  2. GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 31:  
  2. GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 32:  
  2. GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 33:  
  2. GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 34:  
  2. GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 35:  
  2. GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 36:  
  2. GLOBAL BUS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 37:  
  2. GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 38:  
  2. GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 39:  
  2. GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 40:  
  2. GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 41:  
  2. GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 42:  
  2. GLOBAL BUS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 43:  
  2. GLOBAL BUS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 44:  
  2. GLOBAL BUS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 45:  
  2. GLOBAL BUS MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 46:  
  2. GLOBAL BUS MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 47:  
  2. GLOBAL BUS MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 48:  
  2. GLOBAL BUS MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 49:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 50:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 51:  
  2. GLOBAL BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 52:  
  2. GLOBAL BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 53:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 54:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 55:  
  2. GLOBAL BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 56:  
  2. GLOBAL BUS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 57:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 58:  
  2. GLOBAL BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 59:  
  2. GLOBAL BUS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 60:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 61:  
  2. GLOBAL BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 62:  
  2. GLOBAL BUS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 63:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 64:  
  2. GLOBAL BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 65:  
  2. GLOBAL BUS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 66:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 67:  
  2. GLOBAL BUS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 68:  
  2. GLOBAL BUS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 69:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 70:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 71:  
  2. GLOBAL BUS MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 72:  
  2. GLOBAL BUS MARKET, BY CNG, BY VALUE IN USD, 2016-2028
  1. Figure 73:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 74:  
  2. GLOBAL BUS MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
  1. Figure 75:  
  2. GLOBAL BUS MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
  1. Figure 76:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 77:  
  2. GLOBAL BUS MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 78:  
  2. GLOBAL BUS MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
  1. Figure 79:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 80:  
  2. GLOBAL BUS MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 81:  
  2. GLOBAL BUS MARKET, BY LPG, BY VALUE IN USD, 2016-2028
  1. Figure 82:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2021 - 2028
  1. Figure 83:  
  2. GLOBAL BUS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028
  1. Figure 84:  
  2. GLOBAL BUS MARKET, BY REGION, BY VALUE IN USD, 2016-2028
  1. Figure 85:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 86:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 87:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 88:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 89:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 90:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 91:  
  2. GLOBAL BUS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 92:  
  2. GLOBAL BUS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028
  1. Figure 93:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 94:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 95:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 96:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 97:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 98:  
  2. GLOBAL BUS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 99:  
  2. GLOBAL BUS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028
  1. Figure 100:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 101:  
  2. GLOBAL BUS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 102:  
  2. GLOBAL BUS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028
  1. Figure 103:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 104:  
  2. GLOBAL BUS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 105:  
  2. GLOBAL BUS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028
  1. Figure 106:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 107:  
  2. GLOBAL BUS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 108:  
  2. GLOBAL BUS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028
  1. Figure 109:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 110:  
  2. GLOBAL BUS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 111:  
  2. GLOBAL BUS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028
  1. Figure 112:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 113:  
  2. GLOBAL BUS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 114:  
  2. GLOBAL BUS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028
  1. Figure 115:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 116:  
  2. GLOBAL BUS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 117:  
  2. GLOBAL BUS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028
  1. Figure 118:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 119:  
  2. GLOBAL BUS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 120:  
  2. GLOBAL BUS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028
  1. Figure 121:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 122:  
  2. GLOBAL BUS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 123:  
  2. GLOBAL BUS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028
  1. Figure 124:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 125:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 126:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 127:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 128:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 129:  
  2. GLOBAL BUS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 130:  
  2. GLOBAL BUS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 131:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 132:  
  2. GLOBAL BUS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 133:  
  2. GLOBAL BUS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 134:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 135:  
  2. GLOBAL BUS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 136:  
  2. GLOBAL BUS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 137:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 138:  
  2. GLOBAL BUS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 139:  
  2. GLOBAL BUS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 140:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 141:  
  2. GLOBAL BUS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 142:  
  2. GLOBAL BUS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 143:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 144:  
  2. GLOBAL BUS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 145:  
  2. GLOBAL BUS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 146:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 147:  
  2. GLOBAL BUS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 148:  
  2. GLOBAL BUS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 149:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 150:  
  2. GLOBAL BUS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 151:  
  2. GLOBAL BUS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 152:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 153:  
  2. GLOBAL BUS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 154:  
  2. GLOBAL BUS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 155:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 156:  
  2. GLOBAL BUS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 157:  
  2. GLOBAL BUS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 158:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 159:  
  2. GLOBAL BUS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 160:  
  2. GLOBAL BUS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 161:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 162:  
  2. GLOBAL BUS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 163:  
  2. GLOBAL BUS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 164:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 165:  
  2. GLOBAL BUS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 166:  
  2. GLOBAL BUS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 167:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 168:  
  2. GLOBAL BUS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 169:  
  2. GLOBAL BUS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 170:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 171:  
  2. GLOBAL BUS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 172:  
  2. GLOBAL BUS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 173:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 174:  
  2. GLOBAL BUS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 175:  
  2. GLOBAL BUS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 176:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 177:  
  2. GLOBAL BUS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 178:  
  2. GLOBAL BUS MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 179:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 180:  
  2. GLOBAL BUS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 181:  
  2. GLOBAL BUS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 182:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 183:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 184:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 185:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 186:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 187:  
  2. GLOBAL BUS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 188:  
  2. GLOBAL BUS MARKET, BY UAE, BY VALUE IN USD, 2016-2028
  1. Figure 189:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 190:  
  2. GLOBAL BUS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 191:  
  2. GLOBAL BUS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028
  1. Figure 192:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 193:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 194:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 195:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 196:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 197:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 198:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 199:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 200:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 201:  
  2. GLOBAL BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 202:  
  2. GLOBAL BUS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
  1. Figure 203:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 204:  
  2. GLOBAL BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
  1. Figure 205:  
  2. GLOBAL BUS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
  1. Figure 206:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 207:  
  2. GLOBAL BUS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
  1. Figure 208:  
  2. GLOBAL BUS MARKET, BY US, BY VALUE IN USD, 2016-2028
  1. Figure 209:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 210:  
  2. GLOBAL BUS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 211:  
  2. GLOBAL BUS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 212:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 213:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 214:  
  2. GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 215:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 216:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 217:  
  2. GLOBAL BUS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 218:  
  2. GLOBAL BUS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 219:  
  2. GLOBAL BUS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 220:  
  2. GLOBAL BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 221:  
  2. GLOBAL BUS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 222:  
  2. GLOBAL BUS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Bus Industry Segmentation

A bus is a large motor vehicle designed to facilitate the movement of people within a city or to remote locations along a fixed route and schedule. It is one of the widely used forms of public transport across the globe that reduces air pollution and requires less fuel to move passengers and minimal investments to launch new lines or routes.

The global bus market is segmented by type, application, fuel type, seating capacity, length, and geography. By Type (Single and Double), Application (Transit Bus, Intercity Bus/Motorcoaches, School Bus, Other Application), Fuel Type (Diesel, Battery Electric, Plug-in Hybrid, Fuel Cell Electric, and Others fuel type), by Seating Capacity (Up to 30 seats, 31-50 seats, more than 50 seats), by length (up to 9 meters, 9-12 meters, and more than 12 meters), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report covers the market size and forecasts in terms of value (USD Billion) for all the above segments.

By Type
Single Deck
Double Deck
By Application
Transit Bus
Intercity Bus/Motorcoaches
School Bus
Other Applications
By Fuel Type
Diesel
Battery Electric
Plug-in Hybrid
Fuel Cell Electric
Other Fuel Type
By Seating Capacity
Up to 30 Seats
31 - 50 Seats
More Than 50 Seats
By length
Up to 9 Meters
9 Meters - 12 Meters
More Than 12 Meters
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the world
South America
Middle-East and Africa
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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.
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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
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Bus Market Research FAQs

The Global Bus Market size is expected to reach USD 109.01 billion in 2024 and grow at a CAGR of 12.13% to reach USD 193.23 billion by 2029.

In 2024, the Global Bus Market size is expected to reach USD 109.01 billion.

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. are the major companies operating in the Global Bus Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Global Bus Market.

In the Global Bus Market, [object Object] accounts for the Major Players.

In 2023, the Global Bus Market size was estimated at USD 96.30 billion. The report covers the Global Bus Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Bus Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Buses Industry Report

Statistics for the 2024 Buses market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Buses analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Bus Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)