Buses Market by Type, Fuel Type, and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 158 SKU: IRTNTR75466

Bus Market Forecast 2023-2027

The bus market size is estimated to increase by USD 15,868.32 million, growing at a CAGR of 6% between 2022 and 2027. The growth of the market depends on several factors, including rapid urbanization, government regulations and incentives, and congestion and traffic management.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Bus Market During the Forecast Period?

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Market Dynamics

Rapid urbanization is notably driving the market growth, although factors such as inadequate vehicle infrastructure may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Rapid urbanization is the key factor driving the growth of the global market. Rapid urbanization has become a key driver for the global market in several countries, including the US, China, and India. There is a growing need for effective and environmentally friendly public transport systems, especially these vehicles, as cities such as Mumbai and Bangalore expand and populations concentrate in urban areas. The requirement to meet the transit needs of an expanding metropolitan population is a major driver of the global bus market. The Chinese government has made significant investments in public transportation infrastructure to accommodate the increased demand for public transportation in metropolitan areas, notably BRT networks.

In China, more than 40 BRT lines were operating by 2020, handling millions of passengers daily. According to the United Nations Department of Economic and Social Affairs, 68% of the world's population is expected to reside in urban areas by 2050. This indicates the increased future demand for buses across the world, which is expected to drive the growth of the market during the forecast period.

Significant Trends

Technological advancements in electric vehicles are the primary trend shaping the global bus market growth. Since the global market is growing moderately, many manufacturers are entering into electric vehicle manufacturing. In addition, the need for technological advancements is also high - a factor that is encouraging electric bus manufacturers to focus on advancements in collaboration with technology-based companies. In line with this, Volvo and Nanyang Technological University in Singapore have signed a cooperation agreement on an R&D program for autonomous electric buses as a drive to create new solutions for sustainable public transport. It is expected that this technology, which is being developed by Volvo, will contribute to the future autonomous applications of Volvo.
Another technological advancement has been made to address the difficulty in charging - Li-ion batteries that can be charged with the help of solar power. For instance, Kiira Motors, a Uganda-based company, has come up with the Kayoola bus concept, which can run on solar power. Hence, the adoption of electric buses and significant technological advancements are expected to drive the demand for electric buses, which, in turn, will drive the growth of the market during the forecast period.

Major Challenge

Inadequate bus infrastructure is a major challenge impeding the growth of the global market. The global market has significant challenges due to poor infrastructure, particularly in urban regions that are experiencing increasing urbanization. The efficiency and dependability of these services are hampered by a lack of bus stops, terminals, and designated bus lanes, which results in operational inefficiencies, longer journey times, and lower passenger satisfaction. For instance, the lack of bus stops and terminals in many Indian cities is highlighted in a report by the Ministry of Housing and Urban Affairs.

Only between 50,000-55,000 of more than 1,00,000 necessary bus stops are available, which causes congestion and aggravation for operators and passengers. These instances highlight the urgent issue of insufficient bus infrastructure, requiring significant expenditures and strategic planning to improve the effectiveness and dependability of services in urban areas around the world. Hence, the lack of adequate infrastructure is expected to hinder the operation of transportation, which, in turn, will hamper the growth of the market during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

 

What is the Fastest-Growing Segment in the Market?

The market share growth by the single deck segment will be significant during the forecast period. The rising demand for public transport, government programs to ease traffic congestion, and the growing interest in environment-friendly mobility options contribute to the need for single-deck buses. 

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The single deck segment was valued at USD 24,670.60 million in 2017 and continued to grow until 2021. The single-deck bus segment of the global market has experienced consistent expansion. Due to their small size and maneuverability, these buses, which normally have one level of seating, are ideal for urban and suburban transportation. They are frequently employed for employee transportation, school buses, and public transportation. For instance, two well-known single-deck buses utilized in numerous cities throughout the world are the Alexander Dennis Enviro200 and the Volvo 7900 Electric. Single-deck bus sales are in high demand due to factors such as increased urbanization, the need for effective public transit, and growing environmental concerns. Such factors will increase segment growth during the forecast period.

Which are the Key Regions for the Market?

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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. High awareness about the benefits of public transport among consumers is leading to the rapid transformation of buses from traditional diesel to electric buses. This is a crucial driver for the market in China. Every city that has a transit system operates buses, and bus services are easy to introduce and modify.

With the rising focus on reducing traffic congestion and vehicle emissions, authorities in China are pushing the adoption of public transportation over private transportation (which constitutes higher adoption among all modes). There has been growing adoption of electric school buses in China to reduce carbon footprints; therefore, players have been launching electric school buses with new features. 

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo: The company offers premium buses, coaches and bus chassis under two brands, namely, Prevost and Novabus.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

  • Anhui Jianghuai Automobile Group Co. Ltd.
  • Ashok Leyland Ltd
  • BYD Co. Ltd.
  • FirstGroup plc
  • Go Ahead Group Plc
  • Mahindra and Mahindra Ltd.
  • Mercedes Benz Group AG
  • MTR Corp. Ltd.
  • National Express Group Plc
  • NFI Group Inc.
  • Proterra Inc.
  • RegioJet A.S.
  • SNCF Group
  • Stagecoach Group Plc
  • Tata Motors Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

  • Type Outlook (USD Million, 2017 - 2027)
    • Single deck
    • Double deck
  • Fuel Type Outlook (USD Million, 2017 - 2027)
    • Diesel
    • Electric and hybrid
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market is transforming, especially in cities and urban areas, with the introduction of electric and hybrid buses. These buses utilize advanced battery technology to offer zero-emission capabilities, reducing operating costs and improving energy efficiency. Passenger comfort is a key focus, with features like improved seating arrangements, infotainment systems, and connectivity options. Driver assistance systems and fleet management solutions enhance operational efficiency.

In developing countries, where disposable incomes are rising, there is a growing interest in electric buses due to their lower total cost of ownership, despite higher initial costs. With the volatility of fuel prices and stricter legislation, electric buses offer financial feasibility, fuel savings, maintenance savings, prolonged life, and low maintenance costs. The e-bus ecosystem is further supported by the development of e-bus charging stations.

Market Scope

Report Coverage

Details

Page number

158

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2023-2027

USD 15,868.32 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.62

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key countries

US, China, India, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Anhui Jianghuai Automobile Group Co. Ltd., Ashok Leyland Ltd, BYD Co. Ltd., FirstGroup plc, Go Ahead Group Plc, Mahindra and Mahindra Ltd., Mercedes Benz Group AG, MTR Corp. Ltd., National Express Group Plc, NFI Group Inc., Proterra Inc., RegioJet A.S., SNCF Group, Stagecoach Group Plc, Tata Motors Ltd., Transdev Group SA, Xiamen King Long United Automotive Industry Co. Ltd., Yutong Bus Co. Ltd., and Zhongtong Bus Holding Co. Ltd.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period.

Customization purview

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Fuel Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global bus market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global bus market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Fuel Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Fuel Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Single deck - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Single deck - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Single deck - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Single deck - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Single deck - Year-over-year growth 2022-2027 (%)
    • 6.4 Double deck - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Double deck - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Double deck - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Double deck - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Double deck - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Fuel Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Fuel Type - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on Fuel Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Fuel Type
      • Exhibit 46: Chart on Comparison by Fuel Type
      • Exhibit 47: Data Table on Comparison by Fuel Type
    • 7.3 Diesel - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Diesel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Diesel - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Diesel - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Diesel - Year-over-year growth 2022-2027 (%)
    • 7.4 Electric and hybrid - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Electric and hybrid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Electric and hybrid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Electric and hybrid - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Electric and hybrid - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Fuel Type
      • Exhibit 60: Market opportunity by Fuel Type ($ million)
      • Exhibit 61: Data Table on Market opportunity by Fuel Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 99: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 115: AB Volvo - Overview
              • Exhibit 116: AB Volvo - Business segments
              • Exhibit 117: AB Volvo - Key news
              • Exhibit 118: AB Volvo - Key offerings
              • Exhibit 119: AB Volvo - Segment focus
            • 12.4 Anhui Jianghuai Automobile Group Co. Ltd.
              • Exhibit 120: Anhui Jianghuai Automobile Group Co. Ltd. - Overview
              • Exhibit 121: Anhui Jianghuai Automobile Group Co. Ltd. - Product / Service
              • Exhibit 122: Anhui Jianghuai Automobile Group Co. Ltd. - Key offerings
            • 12.5 BYD Co. Ltd.
              • Exhibit 123: BYD Co. Ltd. - Overview
              • Exhibit 124: BYD Co. Ltd. - Business segments
              • Exhibit 125: BYD Co. Ltd. - Key news
              • Exhibit 126: BYD Co. Ltd. - Key offerings
              • Exhibit 127: BYD Co. Ltd. - Segment focus
            • 12.6 FirstGroup plc
              • Exhibit 128: FirstGroup plc - Overview
              • Exhibit 129: FirstGroup plc - Product / Service
              • Exhibit 130: FirstGroup plc - Key offerings
            • 12.7 Go Ahead Group Plc
              • Exhibit 131: Go Ahead Group Plc - Overview
              • Exhibit 132: Go Ahead Group Plc - Business segments
              • Exhibit 133: Go Ahead Group Plc - Key offerings
              • Exhibit 134: Go Ahead Group Plc - Segment focus
            • 12.8 Mahindra and Mahindra Ltd.
              • Exhibit 135: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 136: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 137: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 138: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 139: Mahindra and Mahindra Ltd. - Segment focus
            • 12.9 Mercedes Benz Group AG
              • Exhibit 140: Mercedes Benz Group AG - Overview
              • Exhibit 141: Mercedes Benz Group AG - Business segments
              • Exhibit 142: Mercedes Benz Group AG - Key offerings
              • Exhibit 143: Mercedes Benz Group AG - Segment focus
            • 12.10 MTR Corp. Ltd.
              • Exhibit 144: MTR Corp. Ltd. - Overview
              • Exhibit 145: MTR Corp. Ltd. - Product / Service
              • Exhibit 146: MTR Corp. Ltd. - Key offerings
            • 12.11 National Express Group Plc
              • Exhibit 147: National Express Group Plc - Overview
              • Exhibit 148: National Express Group Plc - Business segments
              • Exhibit 149: National Express Group Plc - Key offerings
              • Exhibit 150: National Express Group Plc - Segment focus
            • 12.12 NFI Group Inc.
              • Exhibit 151: NFI Group Inc. - Overview
              • Exhibit 152: NFI Group Inc. - Business segments
              • Exhibit 153: NFI Group Inc. - Key offerings
              • Exhibit 154: NFI Group Inc. - Segment focus
            • 12.13 RegioJet A.S.
              • Exhibit 155: RegioJet A.S. - Overview
              • Exhibit 156: RegioJet A.S. - Product / Service
              • Exhibit 157: RegioJet A.S. - Key offerings
            • 12.14 SNCF Group
              • Exhibit 158: SNCF Group - Overview
              • Exhibit 159: SNCF Group - Business segments
              • Exhibit 160: SNCF Group - Key offerings
              • Exhibit 161: SNCF Group - Segment focus
            • 12.15 Stagecoach Group Plc
              • Exhibit 162: Stagecoach Group Plc - Overview
              • Exhibit 163: Stagecoach Group Plc - Business segments
              • Exhibit 164: Stagecoach Group Plc - Key offerings
              • Exhibit 165: Stagecoach Group Plc - Segment focus
            • 12.16 Transdev Group SA
              • Exhibit 166: Transdev Group SA - Overview
              • Exhibit 167: Transdev Group SA - Product / Service
              • Exhibit 168: Transdev Group SA - Key offerings
            • 12.17 Xiamen King Long United Automotive Industry Co. Ltd.
              • Exhibit 169: Xiamen King Long United Automotive Industry Co. Ltd. - Overview
              • Exhibit 170: Xiamen King Long United Automotive Industry Co. Ltd. - Product / Service
              • Exhibit 171: Xiamen King Long United Automotive Industry Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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