Luxury Shuttle Bus Market size is expected to reach US$ 6.62 Bn. by 2029, at a CAGR of 8.55% during the forecast period.Luxury Shuttle Bus Market Overview
Luxury Shuttle Bus Market is gaining popularity as private companies started investing in luxury shuttle buses due to rising disposable income in developing countries, growing awareness regarding the benefits of using public transport, major improvements in design and interiors of luxury buses, and constant advancements in technology. Similarly to avoid traffic jamming and improve air quality index governments are taking initiatives to use public transport. This is anticipated to drive the growth of the Luxury Shuttle Bus Market during the forecast period. The report covers the detailed analysis of the Global Luxury Shuttle Bus industry with the classifications of the market on the basis of type, application and region. Analysis of past market dynamics from 2017 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.To know about the Research Methodology :- Request Free Sample Report The report has profiled sixteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size. The manufacturing environment in each region is different and focus is given to the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed.
Luxury Shuttle Bus Market Dynamics
Several manufacturers operating are focusing on launching luxury shuttle buses as they are creating need due to the use of public transport by people. Also features like CCTVs, emergency phone services, and comfortable as a personal vehicle are rising demand for luxury shuttle buses globally. The independent key players are investing in the luxury shuttle buses due to the presence of a significant amount of competitors in the market, this is expected to boost the growth of the luxury shuttle buses market during the forecast period. Similarly, the high interior building cost and maintenance of luxury shuttle buses are expected to hamper the growth of the luxury shuttle buses market globally. Railways and flights are preferred mostly by People due to the availability of amenities and improved comfort for long-distance travelling. Rideshare is increasing rapidly due to less fuel requirement and is considered even more comfortable. These factors are expected to hinder the growth of the luxury shuttle buses market during the forecast period.Luxury Shuttle Bus Market Segmentation Analysis
By Propulsion, the Alternate Fuels segment held the maximum share of the global luxury shuttle buses market in 2022 and is expected to hold xx% share during the forecast period. Alternate fuels like CNG, LNG, and LPG, which are clean and conventional are used by many luxury shuttle buses. Also, buses owned by government bodies mostly run on alternate fuels, which are expected to drive the growth of the luxury shuttle buses market during the forecast period. The increase in production of electric buses due to environmental concern is expected to boost the market for electric luxury shuttle buses during the forecast period, where china is the leading the market of electric luxury shuttle buses. By Seating Capacity, the 36 to 55 passengers segment held the major share of the global luxury shuttle buses market as these seating capacity buses provide suitable legroom for passengers. The increase in tourism and corporate sectors are creating demand for the use of 36 to 55 passenger capacity luxury shuttle buses globally. Also, buses with 25 passenger’s capacity are gaining popularity due to the increase in weekend trips and various events. By Application, luxury shuttle buses are mostly used for long distances, this has created the demand for luxury shuttle buses in Tourist Coach Segment. Similarly, the government’s initiatives regarding the use of public transport has led the Corporate, Government, and School Coach to give more preference to the luxury shuttle buses globally. Thus, the demand for luxury shuttle buses has witnessed consistent growth over the past few years and the trend is set to continue during the forecast period. Asia Pacific is the key market for the luxury shuttle bus as it held a maximum share of xx% in 2022 of the global luxury shuttle bus market. The increase in production of luxury buses and regulations made by the government for the promotion of public transportation services and the development of advanced transportation services for smart cities are expected to drive the growth of the luxury shuttle bus market in the region. Where key manufacturers like Toyota Motor Corporation, Volvo AB, Daimler AG, and Volkswagen, in the Asia Pacific and Europe holds a significant share of the global market. Similarly Developing countries like India and China accounted for a significant share in the luxury shuttle bus market due to growing globalization, rapid economic development and use of public vehicles.Global Luxury Shuttle Bus Market Scope: Inquire before buying
Global Luxury Shuttle Bus Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 3.72 Bn. Forecast Period 2023 to 2029 CAGR: 8.55% Market Size in 2029: US $ 6.62 Bn. Segments Covered: by Propulsion • Diesel/Gasoline • Alternate Fuels • Battery Electric Buses • Hybrid Electric Buses by Seating Capacity • Below 25 Passengers • 26 to 35 Passengers • 36 to 55 Passengers • 56 Passengers & Above by Application • Corporate • Government • School Coach • Airport Shuttle • Hospital & Medical Coach • Tourist Coach Luxury Shuttle 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).Luxury Shuttle Bus Market, Key Players are:
• ARBOC Buses • CNH Industrial N.V. • Daimler AG • Federal Coach • Forest River • Grech Motors • Isuzu Motors Ltd. • Kamaz • Krystal Shuttle Buses • KSIR Bus • LGE Coachworks • Proterra • Scania AB • Tata Motors • Toyota Motor Corporation • Volkswagen AG Frequently Asked Questions: 1. Which region has the largest share in Global Luxury Shuttle Bus Market ? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Luxury Shuttle Bus Market ? Ans: The Global Luxury Shuttle Bus Market is growing at a CAGR of 8.55% during forecasting period 2023-2029. 3. What is scope of the Global Luxury Shuttle Bus Market report? Ans: Global Luxury Shuttle Bus Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Luxury Shuttle Bus Market ? Ans: The important key players in the Global Luxury Shuttle Bus Market are – ARBOC Buses, CNH Industrial N.V., Daimler AG, Federal Coach, Forest River, Grech Motors, Isuzu Motors Ltd., Kamaz, Krystal Shuttle Buses, KSIR Bus, LGE Coachworks, Proterra, Scania AB, Tata Motors, Toyota Motor Corporation, Volkswagen AG. 5. What is the study period of this Market? Ans: The Global Luxury Shuttle Bus Market is studied from 2022 to 2029
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Luxury Shuttle Bus Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Luxury Shuttle Bus Market 3.4. Geographical Snapshot of the Luxury Shuttle Bus Market, By Manufacturer share 4. Global Luxury Shuttle Bus Market Overview, 2023-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Luxury Shuttle Bus Market 5. Supply Side and Demand Side Indicators 6. Global Luxury Shuttle Bus Market Analysis and Forecast, 2023-2029 6.1. Global Luxury Shuttle Bus Market Size & Y-o-Y Growth Analysis. 7. Global Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 7.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 7.1.1. Diesel/Gasoline 7.1.2. Alternate Fuels 7.1.3. Battery Electric Buses 7.1.4. Hybrid Electric Buses 7.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 7.2.1. Below 25 Passengers 7.2.2. 26 to 35 Passengers 7.2.3. 36 to 55 Passengers 7.2.4. 56 Passengers & Above 7.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 7.3.1. Corporate 7.3.2. Government 7.3.3. School Coach 7.3.4. Airport Shuttle 7.3.5. Hospital & Medical Coach 7.3.6. Tourist Coach 8. Global Luxury Shuttle Bus Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 9.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 9.1.1. Diesel/Gasoline 9.1.2. Alternate Fuels 9.1.3. Battery Electric Buses 9.1.4. Hybrid Electric Buses 9.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 9.2.1. Below 25 Passengers 9.2.2. 26 to 35 Passengers 9.2.3. 36 to 55 Passengers 9.2.4. 56 Passengers & Above 9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 9.3.1. Corporate 9.3.2. Government 9.3.3. School Coach 9.3.4. Airport Shuttle 9.3.5. Hospital & Medical Coach 9.3.6. Tourist Coach 10. North America Luxury Shuttle Bus Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 11.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 11.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 12. Canada Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 12.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 12.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 13. Mexico Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 13.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 13.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 14. Europe Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 14.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 14.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 15. Europe Luxury Shuttle Bus Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 16.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 16.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 17. France Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 17.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 17.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 18. Germany Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 18.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 18.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 19. Italy Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 19.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 19.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 20. Spain Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 20.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 20.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 21. Sweden Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 21.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 21.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 22. CIS Countries Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 22.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 22.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 23. Rest of Europe Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 23.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 23.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 24. Asia Pacific Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 24.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 24.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 25. Asia Pacific Luxury Shuttle Bus Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 26.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 26.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 27. India Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 27.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 27.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 28. Japan Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 28.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 28.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 29. South Korea Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 29.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 29.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 30. Australia Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 30.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 30.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 31. ASEAN Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 31.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 31.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 32. Rest of Asia Pacific Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 32.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 32.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 33. Middle East Africa Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 33.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 33.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 34. Middle East Africa Luxury Shuttle Bus Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 35.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 35.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 36. GCC Countries Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 36.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 36.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 37. Egypt Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 37.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 37.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 38. Nigeria Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 38.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 38.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 39. Rest of ME&A Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 39.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 39.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 40. South America Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 40.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 40.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 41. South America Luxury Shuttle Bus Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 42.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 42.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 43. Argentina Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 43.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 43.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 44. Rest of South America Luxury Shuttle Bus Market Analysis and Forecasts, 2023-2029 44.1. Market Size (Value) Estimates & Forecast By Propulsion, 2023-2029 44.2. Market Size (Value) Estimates & Forecast By Seating Capacity, 2023-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2023-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Luxury Shuttle Bus Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Kamaz 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. ARBOC Buses 45.5. CNH Industrial N.V. 45.6. Daimler AG 45.7. Federal Coach 45.8. Forest River 45.9. Grech Motors 45.10. Isuzu Motors Ltd 45.11. Kamaz 45.12. Krystal Shuttle Buses 45.13. KSIR Bus 45.14. LGE Coachworks 45.15. Proterra 45.16. Scania AB 45.17. Tata Motors 45.18. Toyota Motor Corporation 45.19. Volkswagen AG 46. Primary Key Insights