Bus Market Hits USD 17.35 Billion in 2023, Aims for USD 28.04 Billion by 2030

Bus Market Report Overview

In this comprehensive market report, the spotlight is on the movers and shakers in the Bus Industry . From growth strategies to geographical reach, manufacturing progress to product portfolios, the report dives deep into the dynamics of key players. The core of the analysis revolves around understanding market drivers, spotting opportunities, and navigating the trends and challenges that shape the Bus market.

Bus Market Report Scope and Research Methodology

This report is your compass for the current and future trends in the Bus market. It dissects global demand, revenue figures, and sales data, breaking them down into distinct segments for a clearer picture. The players on this stage, whether veterans or newcomers, are under the microscope, with a special focus on development factors. The report employs a meticulous approach, using methodologies like PESTEL, PORTER, and SWOT analysis to ensure precision in its findings.

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Bus Market Regional Insights

The market report takes a world tour, segmenting the Bus business across North America, South America, Europe, Asia Pacific, Africa, and the Middle East. Each region is scrutinized for its unique market trends, constraints, and potential prospects, offering a panoramic view of the global landscape.

Bus Market Segmentation

Based on Seating Capacity: The market is divided into Small Bus (Up to 15 passengers), Medium Bus (16 to 35 passengers) and Large Bus (36 + passengers). The Medium Bus segment held the largest Bus Market share in 2023. In 2021, most of the buses sold across the globe were medium-duty buses with around 553,000 sales and this volume is forecast to climb to nearly 800,000 units in 2029.

Based on Distribution Channel: The market is divided into Domestic Market and International Market. The domestic market segment dominated the global market with the largest bus market share in 2023. The domestic market includes the sales and operation of buses within a specific country. It is influenced by the factors such as urbanization rates, population size, infrastructure development and government policies related to public transportation.

by Type

Transit Bus
School Bus
Coach/Intercity Bus
Shuttle Bus
Mini Bus

by Seating Capacity

Small Bus (Up to 15 passengers)
Medium Bus (16 to 35 passengers)
Large Bus (36 + passengers)

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Bus Market Key Players

1. Anhui Ankai Automobile Co. Ltd
2. BYD Company Limited
3. Alexander Dennis Limited (ADL)
4. King Long United Automotive Industry Co. Ltd.
5. Zhengzhou Yutong Group Co. Ltd
6. Zhongtong Bus Holding Co. Ltd
7. NFI Group Inc.
8. AB Volvo
9. Solaris Bus & Coach sp. z o.o.
10. Daimler Truck Holding AG
11. Mobico Group
12. Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
13. Tata Motors Limited
14. Mercedes-Benz Group AG
15. Marcopolo S.A.

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This market overview comes with a platter of offerings:

  • Detailed Market Overview
  • Revenue Forecast for 2023−2029
  • Dynamics of Growth: Drivers, Restraints, Opportunities, and Trends
  • Segmentation Demystified: Analysis by Segments and Sub-segments
  • Regional Insights for the Globetrotters
  • Competitive Landscape: Top Players and Rising Stars
  • Industry Recommendations

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