Global Bus Market size was valued at USD 17.35 Billion in 2023 and is expected to grow at a CAGR of 7.1 % from 2024 to 2030 to reach USD 28.04 Billion by 2030.Bus Market Overview
The global market has been experiencing rapid growth over the years. The growing urbanization, growing population and the need for sustainable transportation solutions are majorly increasing the demand for buses. The Factors such as government initiatives, infrastructure development and economic conditions in different regions influence the market size. The bus market report includes a detailed analysis of the market size and share with segment-wise and region-wise market dynamics including growth drivers, major restraints, future opportunities and upcoming challenges.To know about the Research Methodology :- Request Free Sample Report
Bus Market Dynamics
Increasing investments in the bus market Compared to rail investment, the improvement of bus-based public transport has been considered a more cost-effective option. There have been many investment programs that targeted urban bus service development. The governments, public transportation agencies and private companies are highly investing in the development of electric buses and charging infrastructure. For example – Recently Proterra secured USD 200 million investment from Cowen Sustainable Advisors along with supporting investments from Soros Fund Management, Generation Investment Management, and Broadscale Group. The investments in the bus infrastructure such as bus depots, terminals and charging stations are increasing, which is driving the growth of the market. As the demand for buses is increasing, the need for adequate infrastructure to support their operations is also increasing. The ambitious plan aimed to introduce Sky Bus technology in India commenced with the picturesque state of Goa, allocating a projected budget of USD 11.99 Mn. The initial phase was designed to establish a 10.5 km inaugural route connecting Mapusa to Panaji. As of 2023, operational Sky Bus systems are operational in countries such as Japan, Germany, China, and the USA, where they are commonly referred to as suspended monorail systems. This kind of advancements to drive the market in the future. Rising trend of electric buses to drive the bus market growth As per the research, the Electric Bus Market is expected to grow rapidly during the forecast period. The increasing emphasis on reducing greenhouse gas emissions and improving air quality is resulting in an increase in demand for electric buses. Governments are also implementing favorable policies and regulations including financial incentives, subsidies, tax credits and grants to accelerate the adoption of electric buses. Compared to diesel or gasoline buses, electric buses offer lower operating costs. They require less maintenance and have fewer moving parts, which results in reduced servicing expenses. By eliminating tailpipe emissions, they reduce air pollution and contribute to improved public health and well-being. Electric Buses provide a more comfortable and pleasant commuting experience for passengers by operating quietly, which results in a reduction in noise pollution in urban environments. Hence all these benefits associated with the use of electric buses are increasing the demand for them across the world.Private demand for bus slowly increasing The private demand for buses is increasing slowly in various contexts. Many companies and organizations demand buses to provide transportation services to their employees. Buses are also often demanded for event transportation such as sports events, corporate events, weddings and concerts because they transport large groups of people comfortably by eliminating the need for multiple vehicles. The demand for luxury and specialty buses has also increased for private use. Buses are commonly used for airport transfer for majorly shuttling passengers between airports and hotels. These are the main factors contributing to the growth of the private bus market. An increase in orders for zero-emission vehicles, especially electric buses, contributes to the high demand for transit buses. At the end of April 2022, NFI Group Inc had a backlog of 8908 vehicles that had been ordered but not produced, valued at USD 4.9 billion. That includes zero-emission buses or 17% of the orders. The active bids are up 21% y-o-y while zero-emission buses represent 43% of total bids. Traffic congestion and fluctuating fuel prices restraining the global bus market growth Traffic congestion in urban areas is significantly affecting the efficiency and reliability of bus services. Delays caused due to heavy traffic is discouraging people from using buses, which is expected to lead to a decreased demand for buses in the future. Insufficient or poorly maintained bus terminals, stops and depots are affecting the attractiveness of bus services. This is expected to hamper the growth of the bus market. Fluctuations in fuel prices impact the operational expenses of bus operators. Higher fuel costs strain profit margins, making it difficult to maintain affordable fares and invest in technologies.
Bus Market Regional Insights
Asia Pacific Bus Market dominated the global market in 2023. The regional market is mainly driven by the growing population, rapid urbanization, increasing demand for public transportation and government initiatives to improve mobility and reduce emissions. In the region, China is the largest market majorly driven by its large population and big population. The presence of companies such as Yutong, BYD, and King Long in the country holds significant market shares. India is another country holding a major share of the market, which is dominated by domestic manufacturers such as Tata Motors, Ashok Leyland, and Mahindra & Mahindra. The market in the country is driven by public transportation, school buses and intercity travel. South Korean bus manufacturers are majorly focusing on developing advanced buses with improved fuel efficiency and reduced emissions.The European Bus Market also held the major share in 2023 and is expected to grow rapidly during the forecast period. The region has a well-developed public transportation infrastructure and buses play a major role in providing efficient and sustainable mobility solutions. The European Union has set stringent emission standards and regulations for buses, which aim to reduce greenhouse gas emissions and improve air quality. These regulations such as the Euro emission standards have pushed bus manufacturers to develop clean and fuel-efficient vehicles. The demand for electric and hybrid buses increasing in Europe due to environmental regulations and a major focus on sustainable transportation. Germany held the major share of the regional market and is well-known for its high-quality buses including city buses, intercity buses and coaches.
The Bus Market in North America is also expected to grow rapidly because buses serve as the backbone of public transportation systems in many cities. Electric buses are gaining popularity in the region as cities and transit agencies aim to reduce carbon emissions. Greyhound, the largest provider of intercity bus transportation seamlessly links numerous communities throughout North America, offering a blend of convenience, comfort, and budget-friendly bus travel. Boasting an extensive network of nearly 2,300 destinations across the United States, Canada, and Mexico, Greyhound buses empowers their customers’ journey on their terms—from major metropolises like New York, Chicago, and Atlanta to smaller hubs such as Omaha, El Paso, and Albany. Regardless of size, we're here to cater to your travel needs. This kind of initiatives and advancements highly contributes to the regional market growth. The U.S. electric bus market highly contributes to the growth of total regional market. In the United States, school districts have started the transition to electric school buses (ESBs). In March 2022, 415 districts committed to the use of 12,275 ESBs across 38 states and a range of operating conditions. Electrification goals are being set by states and municipalities while manufacturers scale production. Compressed Natural Gas (CNG) and propane-powered buses are popular choices because they offer clean and quiet transportation options.
Bus Market Segment Analysis
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. The international market segment is expected to grow during the forecast period. The international market includes the export, import and sale of buses across national borders. It is influenced by factors such as cross-border transportation agreements, global economic conditions, infrastructural development and regional preferences for specific bus type and features. Based on Sales Channel: The market is divided into Online and Offline. The Online segment dominated the global market by holding the largest bus market share in 2023 and is expected to retain its dominance during the forecast period. Along with the growing e-commerce, online sales platforms are becoming increasingly relevant in the market. Bus manufacturers or dealerships are increasingly offering online platforms where customers browse and purchase buses. The online demand for buses is resulting in a reduction in offline demand for buses. Thus, the offline segment is expected to keep declining during the forecast period.
Bus Market Competitive Landscape
This section of the report includes strengths, weaknesses, opportunities and threats of the Bus key competitors with a detailed analysis of joint ventures, collaborations, mergers, acquisitions and new product launches.Mostly bus manufacturers collaborate with suppliers to ensure the availability of high-quality components. These collaborations involve supply chain partnerships, joint development efforts to optimize the manufacturing process and enhance product offerings.For example – In March 2021, Proterra who is an electric bus manufacturer collaborated with LG Energy Solutions, a major supplier of lithium-ion batteries. Manufacturers also collaborate with technology companies to integrate advanced technology into buses such as autonomous driving capabilities, electric propulsion bus systems and connectivity solutions. For example – To develop electric and autonomous buses, Volvo Buses collaborated with many technology partners. Public transportation agencies also collaborate with bus manufacturers frequently to improve transportation services. For example – In June 2021, Proterra collaborated with Miami-Dade County’s Department of Transportation and Public Works. In February 2023, FirstGroup showed its interest in purchasing both the bus services and bus dealer operations of Purfleet-based Ensignbus. On 29 May 2023, the BYD and Castrosua launched their first jointly manufactured eBus in an official ceremony held in Santiago de Compostela.
Bus Market Scope: Inquire Before Buying
Global Bus Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 17.35 Bn. Forecast Period 2024 to 2030CAGR: 7.1% Market Size in 2030: US $ 28.04 Bn Segments Covered: 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) by Fuel Type Petrol Diesel Natural Cas Electric Hybrid by Application Urban Transit School Transportation Tourism and Charter Employee Transportation Airport Hotel Shuttle by Distribution Channel Domestic Market International Market by Sales Channel Online Offline Bus Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Bus Market, Key Players are
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. 16. New Flyer Industries 17. Ashok Leyland 18. Mahindra & Mahindra 19. Proterra Frequently Asked Questions 1] What is the expected CAGR of the Global Bus Market during the forecast period? Ans. During the forecast period, the Global Bus Market is expected to grow at a CAGR of 7.1 percent. 2] What was the Bus Market size in 2023? Ans. USD 17.35 Bn was the Bus Chassis Market size in 2023. 3] What is the expected Bus Market size by 2030? Ans. USD 28.04 Bn is the expected Bus Market size by 2030. 4] What are the Bus Market segments? Ans. The market is divided by Type, Seating Capacity, Fuel Type, Application, Distribution Channel and Sales Channel. 5] Which regional Bus Market is expected to grow at a high rate during the forecast period? Ans. The Bus Market of Asia Pacific is expected to grow at a high rate during the forecast period.
1. Bus Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Bus Market: Dynamics 2.1. Bus Market Trends by Region 2.1.1. North America Bus Market Trends 2.1.2. Europe Bus Market Trends 2.1.3. Asia Pacific Bus Market Trends 2.1.4. Middle East and Africa Bus Market Trends 2.1.5. South America Bus Market Trends 2.2. Bus Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Bus Market Drivers 2.2.1.2. North America Bus Market Restraints 2.2.1.3. North America Bus Market Opportunities 2.2.1.4. North America Bus Market Challenges 2.2.2. Europe 2.2.2.1. Europe Bus Market Drivers 2.2.2.2. Europe Bus Market Restraints 2.2.2.3. Europe Bus Market Opportunities 2.2.2.4. Europe Bus Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Bus Market Drivers 2.2.3.2. Asia Pacific Bus Market Restraints 2.2.3.3. Asia Pacific Bus Market Opportunities 2.2.3.4. Asia Pacific Bus Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Bus Market Drivers 2.2.4.2. Middle East and Africa Bus Market Restraints 2.2.4.3. Middle East and Africa Bus Market Opportunities 2.2.4.4. Middle East and Africa Bus Market Challenges 2.2.5. South America 2.2.5.1. South America Bus Market Drivers 2.2.5.2. South America Bus Market Restraints 2.2.5.3. South America Bus Market Opportunities 2.2.5.4. South America Bus Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Regulatory Landscape by Region 2.5.1. North America 2.5.2. Europe 2.5.3. Asia Pacific 2.5.4. Middle East and Africa 2.5.5. South America 2.6. Key Opinion Leader Analysis For Bus Deployment Mode 2.7. Analysis of Government Schemes and Initiatives For Bus Deployment Mode 2.8. The Global Pandemic Impact on Bus Market 3. Bus Market: Global Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030) 3.1. Bus Market Size and Forecast, by Type (2023-2030) 3.1.1. Transit Bus 3.1.2. School Bus 3.1.3. Coach/Intercity Bus 3.1.4. Shuttle Bus 3.1.5. Mini Bus 3.2. Bus Market Size and Forecast, by Seating Capacity (2023-2030) 3.2.1. Small Bus (Up to 15 passengers) 3.2.2. Medium Bus (16 to 35 passengers) 3.2.3. Large Bus (36 + passengers) 3.3. Bus Market Size and Forecast, by Fuel Type (2023-2030) 3.3.1. Petrol 3.3.2. Diesel 3.3.3. Natural Gas 3.3.4. Electric 3.3.5. Hybrid 3.4. Bus Market Size and Forecast, by Application (2023-2030) 3.4.1. Urban Transit 3.4.2. School Transportation 3.4.3. Tourism and Charter 3.4.4. Employee Transportation 3.4.5. Airport 3.4.6. Hotel Shuttle 3.5. Bus Market Size and Forecast, by Distribution Channel (2023-2030) 3.5.1. Domestic Market 3.5.2. International Market 3.6. Bus Market Size and Forecast, by Sales Channel (2023-2030) 3.6.1. Online 3.6.2. Offline 3.7. Bus Market Size and Forecast, by Region (2023-2030) 3.7.1. North America 3.7.2. Europe 3.7.3. Asia Pacific 3.7.4. Middle East and Africa 3.7.5. South America 4. North America Bus Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030) 4.1. North America Bus Market Size and Forecast, by Type (2023-2030) 4.1.1. Transit Bus 4.1.2. School Bus 4.1.3. Coach/Intercity Bus 4.1.4. Shuttle Bus 4.1.5. Mini Bus 4.2. North America Bus Market Size and Forecast, by Seating Capacity (2023-2030) 4.2.1. Small Bus (Up to 15 passengers) 4.2.2. Medium Bus (16 to 35 passengers) 4.2.3. Large Bus (36 + passengers) 4.3. North America Bus Market Size and Forecast, by Fuel Type (2023-2030) 4.3.1. Petrol 4.3.2. Diesel 4.3.3. Natural Gas 4.3.4. Electric 4.3.5. Hybrid 4.4. North America Bus Market Size and Forecast, by Application (2023-2030) 4.4.1. Urban Transit 4.4.2. School Transportation 4.4.3. Tourism and Charter 4.4.4. Employee Transportation 4.4.5. Airport 4.4.6. Hotel Shuttle 4.5. North America Bus Market Size and Forecast, by Distribution Channel (2023-2030) 4.5.1. Domestic Market 4.5.2. International Market 4.6. North America Bus Market Size and Forecast, by Sales Channel (2023-2030) 4.6.1. Online 4.6.2. Offline 4.7. North America Bus Market Size and Forecast, by Country (2023-2030) 4.7.1. United States 4.7.1.1. United States Bus Market Size and Forecast, by Type (2023-2030) 4.7.1.1.1. Transit Bus 4.7.1.1.2. School Bus 4.7.1.1.3. Coach/Intercity Bus 4.7.1.1.4. Shuttle Bus 4.7.1.1.5. Mini Bus 4.7.1.2. United States Bus Market Size and Forecast, by Seating Capacity (2023-2030) 4.7.1.2.1. Small Bus (Up to 15 passengers) 4.7.1.2.2. Medium Bus (16 to 35 passengers) 4.7.1.2.3. Large Bus (36 + passengers) 4.7.1.3. United States Bus Market Size and Forecast, by Fuel Type (2023-2030) 4.7.1.3.1. Petrol 4.7.1.3.2. Diesel 4.7.1.3.3. Natural Gas 4.7.1.3.4. Electric 4.7.1.3.5. Hybrid 4.7.1.4. United States Bus Market Size and Forecast, by Application (2023-2030) 4.7.1.4.1. Urban Transit 4.7.1.4.2. School Transportation 4.7.1.4.3. Tourism and Charter 4.7.1.4.4. Employee Transportation 4.7.1.4.5. Airport 4.7.1.4.6. Hotel Shuttle 4.7.1.5. United States Bus Market Size and Forecast, by Distribution Channel (2023-2030) 4.7.1.5.1. Domestic Market 4.7.1.5.2. International Market 4.7.1.6. United States Bus Market Size and Forecast, by Sales Channel (2023-2030) 4.7.1.6.1. Online 4.7.1.6.2. Offline 4.7.2. Canada 4.7.2.1. Canada Bus Market Size and Forecast, by Type (2023-2030) 4.7.2.1.1. Transit Bus 4.7.2.1.2. School Bus 4.7.2.1.3. Coach/Intercity Bus 4.7.2.1.4. Shuttle Bus 4.7.2.1.5. Mini Bus 4.7.2.2. Canada Bus Market Size and Forecast, by Seating Capacity (2023-2030) 4.7.2.2.1. Small Bus (Up to 15 passengers) 4.7.2.2.2. Medium Bus (16 to 35 passengers) 4.7.2.2.3. Large Bus (36 + passengers) 4.7.2.3. Canada Bus Market Size and Forecast, by Fuel Type (2023-2030) 4.7.2.3.1. Petrol 4.7.2.3.2. Diesel 4.7.2.3.3. Natural Gas 4.7.2.3.4. Electric 4.7.2.3.5. Hybrid 4.7.2.4. Canada Bus Market Size and Forecast, by Application (2023-2030) 4.7.2.4.1. Urban Transit 4.7.2.4.2. School Transportation 4.7.2.4.3. Tourism and Charter 4.7.2.4.4. Employee Transportation 4.7.2.4.5. Airport 4.7.2.4.6. Hotel Shuttle 4.7.2.5. Canada Bus Market Size and Forecast, by Distribution Channel (2023-2030) 4.7.2.5.1. Domestic Market 4.7.2.5.2. International Market 4.7.2.6. Canada Bus Market Size and Forecast, by Sales Channel (2023-2030) 4.7.2.6.1. Online 4.7.2.6.2. Offline 4.7.3. Mexico 4.7.3.1. Mexico Bus Market Size and Forecast, by Type (2023-2030) 4.7.3.1.1. Transit Bus 4.7.3.1.2. School Bus 4.7.3.1.3. Coach/Intercity Bus 4.7.3.1.4. Shuttle Bus 4.7.3.1.5. Mini Bus 4.7.3.2. Mexico Bus Market Size and Forecast, by Seating Capacity (2023-2030) 4.7.3.2.1. Small Bus (Up to 15 passengers) 4.7.3.2.2. Medium Bus (16 to 35 passengers) 4.7.3.2.3. Large Bus (36 + passengers) 4.7.3.3. Mexico Bus Market Size and Forecast, by Fuel Type (2023-2030) 4.7.3.3.1. Petrol 4.7.3.3.2. Diesel 4.7.3.3.3. Natural Gas 4.7.3.3.4. Electric 4.7.3.3.5. Hybrid 4.7.3.4. Mexico Bus Market Size and Forecast, by Application (2023-2030) 4.7.3.4.1. Urban Transit 4.7.3.4.2. School Transportation 4.7.3.4.3. Tourism and Charter 4.7.3.4.4. Employee Transportation 4.7.3.4.5. Airport 4.7.3.4.6. Hotel Shuttle 4.7.3.5. Mexico Bus Market Size and Forecast, by Distribution Channel (2023-2030) 4.7.3.5.1. Domestic Market 4.7.3.5.2. International Market 4.7.3.6. Mexico Bus Market Size and Forecast, by Sales Channel (2023-2030) 4.7.3.6.1. Online 4.7.3.6.2. Offline 5. Europe Bus Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030) 5.1. Europe Bus Market Size and Forecast, by Type (2023-2030) 5.2. Europe Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.3. Europe Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.4. Europe Bus Market Size and Forecast, by Application (2023-2030) 5.5. Europe Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.6. Europe Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7. Europe Bus Market Size and Forecast, by Country (2023-2030) 5.7.1. United Kingdom 5.7.1.1. United Kingdom Bus Market Size and Forecast, by Type (2023-2030) 5.7.1.2. United Kingdom Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.1.3. United Kingdom Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.1.4. United Kingdom Bus Market Size and Forecast, by Application (2023-2030) 5.7.1.5. United Kingdom Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.1.6. United Kingdom Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.2. France 5.7.2.1. France Bus Market Size and Forecast, by Type (2023-2030) 5.7.2.2. France Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.2.3. France Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.2.4. France Bus Market Size and Forecast, by Application (2023-2030) 5.7.2.5. France Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.2.6. France Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.3. Germany 5.7.3.1. Germany Bus Market Size and Forecast, by Type (2023-2030) 5.7.3.2. Germany Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.3.3. Germany Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.3.4. Germany Bus Market Size and Forecast, by Application (2023-2030) 5.7.3.5. Germany Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.3.6. Germany Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.4. Italy 5.7.4.1. Italy Bus Market Size and Forecast, by Type (2023-2030) 5.7.4.2. Italy Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.4.3. Italy Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.4.4. Italy Bus Market Size and Forecast, by Application (2023-2030) 5.7.4.5. Italy Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.4.6. Italy Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.5. Spain 5.7.5.1. Spain Bus Market Size and Forecast, by Type (2023-2030) 5.7.5.2. Spain Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.5.3. Spain Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.5.4. Spain Bus Market Size and Forecast, by Application (2023-2030) 5.7.5.5. Spain Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.5.6. Spain Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.6. Sweden 5.7.6.1. Sweden Bus Market Size and Forecast, by Type (2023-2030) 5.7.6.2. Sweden Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.6.3. Sweden Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.6.4. Sweden Bus Market Size and Forecast, by Application (2023-2030) 5.7.6.5. Sweden Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.6.6. Sweden Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.7. Austria 5.7.7.1. Austria Bus Market Size and Forecast, by Type (2023-2030) 5.7.7.2. Austria Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.7.3. Austria Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.7.4. Austria Bus Market Size and Forecast, by Application (2023-2030) 5.7.7.5. Austria Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.7.6. Austria Bus Market Size and Forecast, by Sales Channel (2023-2030) 5.7.8. Rest of Europe 5.7.8.1. Rest of Europe Bus Market Size and Forecast, by Type (2023-2030) 5.7.8.2. Rest of Europe Bus Market Size and Forecast, by Seating Capacity (2023-2030) 5.7.8.3. Rest of Europe Bus Market Size and Forecast, by Fuel Type (2023-2030) 5.7.8.4. Rest of Europe Bus Market Size and Forecast, by Application (2023-2030) 5.7.8.5. Rest of Europe Bus Market Size and Forecast, by Distribution Channel (2023-2030) 5.7.8.6. Rest of Europe Bus Market Size and Forecast, by Sales Channel (2023-2030) 6. Asia Pacific Bus Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030) 6.1. Asia Pacific Bus Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.3. Asia Pacific Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.4. Asia Pacific Bus Market Size and Forecast, by Application (2023-2030) 6.5. Asia Pacific Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.6. Asia Pacific Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7. Asia Pacific Bus Market Size and Forecast, by Country (2023-2030) 6.7.1. China 6.7.1.1. China Bus Market Size and Forecast, by Type (2023-2030) 6.7.1.2. China Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.1.3. China Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.1.4. China Bus Market Size and Forecast, by Application (2023-2030) 6.7.1.5. China Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.1.6. China Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.2. S Korea 6.7.2.1. S Korea Bus Market Size and Forecast, by Type (2023-2030) 6.7.2.2. S Korea Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.2.3. S Korea Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.2.4. S Korea Bus Market Size and Forecast, by Application (2023-2030) 6.7.2.5. S Korea Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.2.6. S Korea Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.3. Japan 6.7.3.1. Japan Bus Market Size and Forecast, by Type (2023-2030) 6.7.3.2. Japan Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.3.3. Japan Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.3.4. Japan Bus Market Size and Forecast, by Application (2023-2030) 6.7.3.5. Japan Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.3.6. Japan Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.4. India 6.7.4.1. India Bus Market Size and Forecast, by Type (2023-2030) 6.7.4.2. India Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.4.3. India Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.4.4. India Bus Market Size and Forecast, by Application (2023-2030) 6.7.4.5. India Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.4.6. India Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.5. Australia 6.7.5.1. Australia Bus Market Size and Forecast, by Type (2023-2030) 6.7.5.2. Australia Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.5.3. Australia Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.5.4. Australia Bus Market Size and Forecast, by Application (2023-2030) 6.7.5.5. Australia Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.5.6. Australia Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.6. Indonesia 6.7.6.1. Indonesia Bus Market Size and Forecast, by Type (2023-2030) 6.7.6.2. Indonesia Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.6.3. Indonesia Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.6.4. Indonesia Bus Market Size and Forecast, by Application (2023-2030) 6.7.6.5. Indonesia Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.6.6. Indonesia Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.7. Malaysia 6.7.7.1. Malaysia Bus Market Size and Forecast, by Type (2023-2030) 6.7.7.2. Malaysia Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.7.3. Malaysia Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.7.4. Malaysia Bus Market Size and Forecast, by Application (2023-2030) 6.7.7.5. Malaysia Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.7.6. Malaysia Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.8. Vietnam 6.7.8.1. Vietnam Bus Market Size and Forecast, by Type (2023-2030) 6.7.8.2. Vietnam Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.8.3. Vietnam Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.8.4. Vietnam Bus Market Size and Forecast, by Application (2023-2030) 6.7.8.5. Vietnam Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.8.6. Vietnam Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.9. Taiwan 6.7.9.1. Taiwan Bus Market Size and Forecast, by Type (2023-2030) 6.7.9.2. Taiwan Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.9.3. Taiwan Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.9.4. Taiwan Bus Market Size and Forecast, by Application (2023-2030) 6.7.9.5. Taiwan Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.9.6. Taiwan Bus Market Size and Forecast, by Sales Channel (2023-2030) 6.7.10. Rest of Asia Pacific 6.7.10.1. Rest of Asia Pacific Bus Market Size and Forecast, by Type (2023-2030) 6.7.10.2. Rest of Asia Pacific Bus Market Size and Forecast, by Seating Capacity (2023-2030) 6.7.10.3. Rest of Asia Pacific Bus Market Size and Forecast, by Fuel Type (2023-2030) 6.7.10.4. Rest of Asia Pacific Bus Market Size and Forecast, by Application (2023-2030) 6.7.10.5. Rest of Asia Pacific Bus Market Size and Forecast, by Distribution Channel (2023-2030) 6.7.10.6. Rest of Asia Pacific Bus Market Size and Forecast, by Sales Channel (2023-2030) 7. Middle East and Africa Bus Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030 7.1. Middle East and Africa Bus Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Bus Market Size and Forecast, by Seating Capacity (2023-2030) 7.3. Middle East and Africa Bus Market Size and Forecast, by Fuel Type (2023-2030) 7.4. Middle East and Africa Bus Market Size and Forecast, by Application (2023-2030) 7.5. Middle East and Africa Bus Market Size and Forecast, by Distribution Channel (2023-2030) 7.6. Middle East and Africa Bus Market Size and Forecast, by Sales Channel (2023-2030) 7.7. Middle East and Africa Bus Market Size and Forecast, by Country (2023-2030) 7.7.1. South Africa 7.7.1.1. South Africa Bus Market Size and Forecast, by Type (2023-2030) 7.7.1.2. South Africa Bus Market Size and Forecast, by Seating Capacity (2023-2030) 7.7.1.3. South Africa Bus Market Size and Forecast, by Fuel Type (2023-2030) 7.7.1.4. South Africa Bus Market Size and Forecast, by Application (2023-2030) 7.7.1.5. South Africa Bus Market Size and Forecast, by Distribution Channel (2023-2030) 7.7.1.6. South Africa Bus Market Size and Forecast, by Sales Channel (2023-2030) 7.7.2. GCC 7.7.2.1. GCC Bus Market Size and Forecast, by Type (2023-2030) 7.7.2.2. GCC Bus Market Size and Forecast, by Seating Capacity (2023-2030) 7.7.2.3. GCC Bus Market Size and Forecast, by Fuel Type (2023-2030) 7.7.2.4. GCC Bus Market Size and Forecast, by Application (2023-2030) 7.7.2.5. GCC Bus Market Size and Forecast, by Distribution Channel (2023-2030) 7.7.2.6. GCC Bus Market Size and Forecast, by Sales Channel (2023-2030) 7.7.3. Nigeria 7.7.3.1. Nigeria Bus Market Size and Forecast, by Type (2023-2030) 7.7.3.2. Nigeria Bus Market Size and Forecast, by Seating Capacity (2023-2030) 7.7.3.3. Nigeria Bus Market Size and Forecast, by Fuel Type (2023-2030) 7.7.3.4. Nigeria Bus Market Size and Forecast, by Application (2023-2030) 7.7.3.5. Nigeria Bus Market Size and Forecast, by Distribution Channel (2023-2030) 7.7.3.6. Nigeria Bus Market Size and Forecast, by Sales Channel (2023-2030) 7.7.4. Rest of ME&A 7.7.4.1. Rest of ME&A Bus Market Size and Forecast, by Type (2023-2030) 7.7.4.2. Rest of ME&A Bus Market Size and Forecast, by Seating Capacity (2023-2030) 7.7.4.3. Rest of ME&A Bus Market Size and Forecast, by Fuel Type (2023-2030) 7.7.4.4. Rest of ME&A Bus Market Size and Forecast, by Application (2023-2030) 7.7.4.5. Rest of ME&A Bus Market Size and Forecast, by Distribution Channel (2023-2030) 7.7.4.6. Rest of ME&A Bus Market Size and Forecast, by Sales Channel (2023-2030) 8. South America Bus Market Size and Forecast by Segmentation (by Value and Volume) (2023-2030 8.1. South America Bus Market Size and Forecast, by Type (2023-2030) 8.2. South America Bus Market Size and Forecast, by Seating Capacity (2023-2030) 8.3. South America Bus Market Size and Forecast, by Fuel Type (2023-2030) 8.4. South America Bus Market Size and Forecast, by Application (2023-2030) 8.5. South America Bus Market Size and Forecast, by Distribution Channel (2023-2030) 8.6. South America Bus Market Size and Forecast, by Sales Channel (2023-2030) 8.7. South America Bus Market Size and Forecast, by Country (2023-2030) 8.7.1. Brazil 8.7.1.1. Brazil Bus Market Size and Forecast, by Type (2023-2030) 8.7.1.2. Brazil Bus Market Size and Forecast, by Seating Capacity (2023-2030) 8.7.1.3. Brazil Bus Market Size and Forecast, by Fuel Type (2023-2030) 8.7.1.4. Brazil Bus Market Size and Forecast, by Application (2023-2030) 8.7.1.5. Brazil Bus Market Size and Forecast, by Distribution Channel (2023-2030) 8.7.1.6. Brazil Bus Market Size and Forecast, by Sales Channel (2023-2030) 8.7.2. Argentina 8.7.2.1. Argentina Bus Market Size and Forecast, by Type (2023-2030) 8.7.2.2. Argentina Bus Market Size and Forecast, by Seating Capacity (2023-2030) 8.7.2.3. Argentina Bus Market Size and Forecast, by Fuel Type (2023-2030) 8.7.2.4. Argentina Bus Market Size and Forecast, by Application (2023-2030) 8.7.2.5. Argentina Bus Market Size and Forecast, by Distribution Channel (2023-2030) 8.7.2.6. Argentina Bus Market Size and Forecast, by Sales Channel (2023-2030) 8.7.3. Rest Of South America 8.7.3.1. Rest Of South America Bus Market Size and Forecast, by Type (2023-2030) 8.7.3.2. Rest Of South America Bus Market Size and Forecast, by Seating Capacity (2023-2030) 8.7.3.3. Rest Of South America Bus Market Size and Forecast, by Fuel Type (2023-2030) 8.7.3.4. Rest Of South America Bus Market Size and Forecast, by Application (2023-2030) 8.7.3.5. Rest Of South America Bus Market Size and Forecast, by Distribution Channel (2023-2030) 8.7.3.6. Rest Of South America Bus Market Size and Forecast, by Sales Channel (2023-2030) 9. Global Bus Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Service Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Bus Market Companies, by Market Capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Anhui Ankai Automobile Co. Ltd 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. BYD Company Limited 10.3. Alexander Dennis Limited (ADL) 10.4. King Long United Automotive Industry Co. Ltd. 10.5. Zhengzhou Yutong Group Co. Ltd 10.6. Zhongtong Bus Holding Co. Ltd 10.7. NFI Group Inc. 10.8. AB Volvo 10.9. Solaris Bus & Coach sp. z o.o. 10.10. Daimler Truck Holding AG 10.11. Mobico Group 10.12. Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd 10.13. Tata Motors Limited 10.14. Mercedes-Benz Group AG 10.15. Marcopolo S.A. 10.16. New Flyer Industries 10.17. Ashok Leyland 10.18. Mahindra & Mahindra 10.19. Proterra 11. Key Findings 12. Industry Recommendations 13. Bus Market: Research Methodology 14. Terms and Glossary