Global Buses and Coaches Market 2017-2021

Overview of the global buses and coaches market

Research analysis on the global buses and coaches market identifies that government regulations on the emission levels of the buses and coaches will be one of the major factors that will have a positive impact on the growth of the market. The increase in air pollution due to the rise in emission levels from vehicles has led to an increase in the global initiatives to reduce the emission level of greenhouse gases (GHG) into the atmosphere. Moreover, the transport sector contributes to about 32% of the overall GHG emission into the atmosphere. The buses and coaches that work on conventional fuel, such as diesel/gasoline, releases a large amount of GHGs after the combustion process. This has resulted in various regulations set by many regulatory bodies leading to design and development of various buses and coaches that operate on substitute fuels to cut down exhaust emission. The electric buses, hybrid buses, CNG/LNG buses, and solar buses have lesser exhaust emissions compared with the buses and coaches powered by diesel, and the emissions fall within required limit set by the regulatory bodies. This rise in government measures to limit emission levels will drive the market growth during the forecast period. Technavio's market research analysts predict that this market will grow at a CAGR of close to 5% by 2021.

The rising advancements in the new types of buses and coaches will have an adverse effect on this market during the forecast period. Better technology, features, and comfort level play a vital role in the customer's decision when selecting a mode of commute. Features that are equipped into the bus provide improved security, comfort, and reliability of the bus services. Also, the several technological developments in the fuel type used to power buses and coaches are developed by many key vendors and start-up organizations in the market. The constant support offered by various government regulatory bodies is boosting the market's growth. The launch of new buses and coaches with improved features by manufacturers is one of the key trends that will contribute to the growth of the market in the forthcoming years. 

Competitive landscape and key vendors

The key vendors of the market are partnering with the regional vendors to widen their presence and attract a higher market share. Investments from many government agencies provide increased assistance to the startups for expanding their popularity in the competitive market. The increasing demand for the hybrid buses that operate on substitute fuel over conventional buses will drive the growth of hybrid buses market globally.

The leading vendors in the market are ?

• Daimler
• MAN
• Scania
• Volvo
• Xiamen King Long United Automotive Industry
• YUTONG

The other prominent vendors in the market are ANKAI, Ashok Leyland, Eicher Motors Limited, Higer Bus, Hyundai Motor Company, IVECO, Marcopolo, TATA Motors, VDL Bus & Coach, and Zhongtong Bus.

Segmentation by fuel type and analysis of the buses and coaches market

• Diesel
• Hybrid buses
• Electric buses
• Ethanol buses

During 2016, the diesel fuel type segment accounted for the major shares of the buses and coaches market. Factors such as the utilization of lesser fuel to operate, better mileage, and high torque figures at a lower speeds will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the buses and coaches market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the buses and coaches market throughout the forecast period. Rising population in various regions such as China, India, and South Korea, cheap fares, and increasing energy conservation efforts will drive the growth of the buses and coaches market in the region.  

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors the global buses and coaches market?
• What are the key market trends impacting the growth of the global buses and coaches market?
• What are the challenges to market growth?
• Who are the key vendors in the global buses and coaches market?
• What are the market opportunities and threats faced by the vendors in the global buses and coaches market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global buses and coaches market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the automotive industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like automotive manufacturing. This upcoming industry research report on the global buses and coaches market offers insights into the major trends and evolving drivers inducing the growth of the automotive manufacturing industry across the globe.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various automotive manufacturing products and services and offers an all-inclusive picture of the global buses and coaches market for the estimated period of 2017-2021.

According to our market research experts, increase in sales of electric and hybrid buses may influence the demand for buses and coaches in the coming years. This upcoming market research report on the global buses and coaches market also covers vendors like Eicher, TATA, Ashok Leyland, Volvo, Scania, Mercedes Benz, MAN SE, Hyundai Motor, and ISUZU. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global buses and coaches market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry report on the global buses and coaches market also offers insights into fast-growing segments within the automotive industry, including sectors like automotive electronics and wheels and tires. Furthermore, this report also presents visions into the varying competitive landscape and gives clients a realistic picture of the future direction of the industry.

Our market research methodology for the buses and coaches market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.