Global Bus Market (2020-2026) | COVID-19 IMPACT, Size, Outlook, Revenue, Trends, Companies, Value, Industry, Share, Forecast, Growth & Analysis

Global Bus market report thoroughly covers the market by type, application, fuel type, seat capacity, and regions including North America, Latin America, Europe, Global, and the Middle East & Africa region. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global Bus Market Synopsis

Global Bus Market has registered significant growth over the last five years. Bus demand is on the rise in recent years, especially in developing countries, on account of growth in population, increasing travel, and government initiatives to connect rural areas to cities. However, due to the outbreak of COVID-19 the bus market would register a decline as commuters are expected to avoid public transport. Moreover, restrictions on the number of commuters on the bus to curb the spread of disease are also one of the restraining factors in the growth of the market. 

According to 6Wresearch, the Global Bus Market size is expected to witness growth during 2020-2026. Growing urbanization in developed and developing countries is driving the Bus Market Growth. The government is taking initiative by freeing up the bus charge for women hence the traveling rates by bus have been increased and are estimated to benefit the growth of the bus market in the years ahead. Further, the growing number of tourist passengers is also estimated to upsurge the demand for the bus which is the most convenient for traveling, and this is expected to boost the growth of the global bus market in the years ahead. The low risk of accidents is also one of the factors driving the growth of the market. Increasing disposable income among the middle class coupled with increasing penetration towards less pollution is also adding to the Bus Market Share. 

Market Analysis by Region

Currently, Asia-Pacific is the leading revenue-generating region in the global market and is expected to lead over the forecast period as well; the e-bus segment is expected to be the leading revenue-generating market. Moreover, the European region is expected to witness a high growth rate on account of the increasing demand for public transportation in the region, during the forecast period.

Some of the leading players in the Global Bus market are Daimler AG, TratonAG, Volvo, Zhenzhou Yutong Group, Scania, TATA Motors Limited, Isuzu, Hino Motors, MAN, Marcopolo SA, Iveco, Ashok Leyland, and others.

Market Analysis by Fuel Type

By fuel type, the electric buses segment is expected to witness the highest growth on account of rising pollution in the global bus market. 

Key Highlights of The Report

• Global Bus Market Outlook
• Global Bus Market Overview
• Global Bus Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Bus Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Types
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution Channels
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Bus Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Bus Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Bus Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Bus Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Bus Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Bus Market
• Market Drivers and Restraints
• Global Bus Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Paint Rollers Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Type:

• Single Deck
• Double Deck

By Application:

• Transit
• Coaches
• Others

By Fuel Type:

• Diesel
• Electric and Hybrid
• Others

By Seat Capacity:

• 15-30 Seats
• 31-50 Seats
• More than 50 Seats

By Regions:

• Asia Pacific
• North America
• Latin America
• Middle East
• Africa
• Europe

Global Bus Market: FAQs