Increased Appetite for Connectivity and Emerging Technologies propel Global Buses and Coaches Market at a CAGR of 6.3 % during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Buses and Coaches Market”.

Buses and coaches are a large motor vehicle designed for facilitating the movement of people within a city or to remote locations along a fixed route and schedule. It is one of the most widely used forms of public transport across the globe that reduces air pollution and requires less fuel to move passengers and minimal investments to launch new lines or routes. These modes of transportation serve different purposes such as urban transit, intercity travel, and long-distance journeys. Several factors propel the growth of the bus and coaches’ market, such as economic progress, urbanization, and advancements in technology.

The Buses and Coaches market is estimated to register a CAGR of 6.3 % during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Buses and Coaches market - Anhui Ankai Automobile Co., Ltd, BYD Company Limited, Daimler Truck AG, Proterra, AB Volvo, MAN, Xiamen King Long United Automotive Industry Co., Ltd, Yutong Bus Co., Ltd., NFI Group, and Tata Motors.

Market Highlights

The global Buses and Coaches market is accounted for to register a CAGR of 6.3 % during the forecast period and is estimated to reach USD 68,957.4 million by 2032.

The global bus and coaches market has experienced significant growth due to the development and adoption of new technologies that enhance the efficiency, safety, and environmental sustainability of these vehicles. Electric and hybrid buses are a prime example of a technological advancement that has gained popularity in recent years to the increasing demand for eco-friendly transportation options. These vehicles utilize electric motors instead of traditional combustion engines, resulting in lower emissions and greater fuel efficiency. Another notable technological advancement in the industry is the development of advanced safety features, such as collision avoidance systems, lane departure warning, and automatic emergency braking, which have improved the safety of buses and coaches and increased passenger confidence. The integration of IoT technology in transportation systems, particularly in city buses, has become increasingly significant. By utilizing IoT devices, various sensors installed on buses can collect data such as GPS location, temperature, fuel consumption, and passenger count. Analyzing this data can result in optimized bus efficiency, improved safety, and enhanced passenger experience.  One example of the benefits of IoT technology in buses is the use of GPS sensors to provide real-time bus location and accurate estimated arrival times to passengers. Temperature sensors can also monitor the inside temperature of the bus and alert the driver if it exceeds a certain limit, ensuring passenger comfort.

Additionally, fuel sensors can track fuel consumption, allowing for route optimization to reduce fuel usage and emissions. Furthermore, technological advancements have led to more advanced and connected transportation systems that offer real-time tracking and monitoring, passenger information systems, and smart payment solutions. These innovations enhance the efficiency and convenience of public transportation, making it more appealing to passengers. Overall, technological advancements have played a significant role in driving the growth of the global buses and coaches market by improving the efficiency, safety, and environmental sustainability of these vehicles and making them more attractive to both passengers and operators.

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Segment Analysis

The global Buses and Coaches market has been segmented based on Type, Propulsion, Seat Capacity, Application, Sales Channel and Region.

Based on Type, the global Buses and Coaches market segmentation includes single deck, double deck, low floor buses, minibus, coaches, and others. The single deck segment accounted for the largest market share in 2022. The trend in the single deck bus market is the increasing emphasis on passenger comfort and convenience. Manufacturers are incorporating features such as air conditioning, ergonomic seating, and entertainment systems to provide a comfortable and enjoyable riding experience for passengers. Additionally, low-floor designs and wheelchair ramps have improved accessibility for passengers with disabilities. Overall, the single deck bus segment offers a variety of options for buyers seeking a cost-effective and eco-friendly mode of transportation. The market is predicted to continue to expand as the demand for sustainable transportation continues to increase.

Based on the Seat Capacity, the global Buses and Coaches market segmentation includes 15-30 Seats, 31-50 Seats and more than 50 Seats. 31-50 Seats and more than 50 Seats hold the largest market share in 2022. This category includes vehicles designed to transport larger groups of people, such as city buses, intercity coaches, and airport shuttles. City buses are a significant component of this segment, providing transportation within urban areas. These buses typically hold up to 50 seats and feature air conditioning and wheelchair accessibility. Intercity coaches are another critical part of this market, used for long-distance transportation between cities and towns.

Based on application the Buses and Coaches Market is divided into City Buses, Intercity Coaches, Airport Shuttle, Delivery Van, School Buses, and Others. City buses hold the largest market share as these buses can also be integrated with other smart city technologies such as traffic management systems and ride-sharing platforms to provide a more comprehensive and efficient transportation experience. Overall, the city buses segment of the global buses and coaches’ market is expected to continue to grow in the coming years, driven by factors such as urbanization, demand for sustainable transportation options, and technological advancements.

Based on Sales Channel, the global Buses and Coaches Market segmentation includes OEM and aftermarket. Leading OEMs such as Daimler AG, Volvo Group, Scania AB, MAN Truck & Bus, and PACCAR Inc. have established a robust global presence and operate in various regions. OEMs offer a diverse range of buses and coaches, including diesel, gasoline, and electric vehicles, tailored to meet different customer requirements.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In terms of revenue, Asia-Pacific is the largest and most advanced market for the Buses and Coaches Market. The tourism industry is a significant contributor to the demand for buses and coaches, with many countries in the region depending heavily on tourism as a primary source of revenue. Additionally, the demand for private hire and shuttle services is rising, contributing to the demand for buses and coaches in the region. This trend is fueled by various factors such as increasing incomes, evolving lifestyles, and urbanization. Several factors influence the Asia Pacific buses and coaches market, including government regulations and policies, technological advancements, and environmental concerns. For example, there is a rising demand for low-emission and electric buses and coaches in the region, driven by environmental regulations and concerns. Overall, the Asia Pacific buses and coaches market is a dynamic and evolving industry, featuring a range of manufacturers and operators competing in a complex and diverse market environment. Given the region's population and economic growth, the demand for buses and coaches is anticipated to remain strong in the foreseeable future.

The North American market for buses and coaches is highly competitive, with various leading players operating in the region, such as New Flyer Industries Inc., Prevost Car Inc., and Motor Coach Industries International Inc. These companies provide a vast range of products, such as transit buses, coach buses, and shuttle buses, to meet the diverse needs of their customers. The market is fiercely competitive, with several significant players operating in the region, and it is projected to continue growing in the upcoming years.

The public transport sector plays a significant role in driving demand for buses and coaches in Europe, followed by the tourism industry, which requires coaches to ferry tourists to different destinations across the continent. Additionally, there is a growing trend towards private hire and shuttle services, which is contributing to the demand for buses and coaches. Several factors influence the European bus and coach market, including government regulations and policies, technological advancements, and environmental concerns. For instance, there is a surging demand for low-emission and electric buses and coaches in Europe, driven by environmental regulations and concerns. Overall, the European bus and coach market is a constantly evolving industry, featuring a diverse range of manufacturers and operators who compete in a complex market environment.

The Middle East and Africa region is a diverse market for the bus and coach industry, with a range of countries at different stages of economic development. The region includes countries such as Saudi Arabia, United Arab Emirates, Egypt, South Africa, and Nigeria, among others. The demand for public transportation is on the rise in the region due to factors such as population growth, urbanization, and the need for sustainable transportation solutions. Governments in the region are investing in infrastructure and public transportation systems to meet this demand, creating opportunities for the bus and coach market.

The bus and coach market in Latin America is a diverse and lively market, encompassing multiple countries with varying levels of economic development. Brazil is the largest market for buses and coaches in Latin America, accounting for the majority of the region's demand. Other significant markets in the region include Argentina, Chile, Colombia, and Peru, among others. The market is dominated by key players such as Volvo, Scania, Mercedes-Benz, and Volkswagen, who provide a variety of products to cater to various applications and regions.

Key Findings of the Study

• The global Buses and Coaches market is expected to reach USD 68,957.4 million by 2032, at a CAGR of 6.3 % during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments and key market players in North America, making it the primary contributor to the market share.


• Based on type, the single deck segment was attributed to holding the largest market in 2022, with an approximate market share of 35.5 %.


• Anhui Ankai Automobile Co., Ltd, BYD Company Limited, Daimler Truck AG, Proterra, AB Volvo, MAN, Xiamen King Long United Automotive Industry Co., Ltd, Yutong Bus Co., Ltd., NFI Group, and Tata Motors are the key market players.