Bus Market in India 2015 - 2020

Bus Market in India 2015 - 2020

  • July 2015 •
  • 125 pages •
  • Report ID: 3812875 •
  • Format: PDF
Bus market in India is expected to be worth US$ 10.34 billion by 2019-20 finds new market resesarch report "Bus Market in India 2015-2020" launched by NOVONOUS. Indian bus market is expected to grow at a CAGR of 9.36% by 2020 driven by the increasing demand in luxury and value bus market.

State Road Transport Undertakings (SRTUs) and private fleet operators account for almost two-third of Medium and Heavy Commercial Vehicle (M&HCV) buses sold in India.

The buses in India are basically diesel based due to the low cost of diesel. However Petrol vehicles have strong niche in hilly/ cold areas where vehicles require a cold start.

Diesel bus market in India which constitutes a major market share in overall bus market in India is expected to grow at a CAGR rate of 7.24% till 2019-20.

CNG/LPG bus market in India which constitutes a minor market share in overall bus market in India is expected to grow at a CAGR rate of 18% till 2019-20.

Electric bus market in India is fast emerging and is expected to grow at a CAGR rate of 19% till 2019-20.

Hybrid bus market in India is expected to grow at a CAGR rate of 25% till 2019-20.

Petrol bus market in India controls second largest market share in entire bus market in India in terms of volume. It is expected to grow at a CAGR rate of 11% till 2019-20.

The buses in India can be divided on the basis of comfort into luxury, value and non-luxury buses. Non-luxury buses control largest market share of the total number of buses. The demand for luxury buses is increasing with increase in the per capita income and improving road connectivity.

Non-Luxury bus market in India which constitutes a major market share in overall bus market in India is expected to grow at a CAGR rate of 6% till 2019-20.

Value bus market in India on the other hand is expected to grow at a CAGR rate of 12% till 2019-20.

Luxury bus market in India is expected to grow at a CAGR rate of 13% till 2019-20.

Scope of Bus Market in India 2015 - 2020 Report
- This report provides a detailed view of Indian bus market.
- This report identifies the need for focusing on bus industry in India.
- This report provides detailed information on growth forecasts for bus market in India up to 2020 (in US$ billion and number of units).
- This report provides detailed information on fuel-wise (diesel, CNG/LPG, electric, hybrid and petrol) growth forecasts for bus market in India up to 2020.
- This report provides detailed information on comfort-wise (luxury, value and non-luxury) growth forecasts for bus market in India up to 2020 (in US$ billion and number of units).
- The report identifies the growth drivers and inhibitors for bus market in India.
- This study also identifies policies related to bus market in India for various sectors.
- The report identifies various credit, policy and technical risks associated with bus market in India.
- The report identifies EXIM scenario for chasis for public transport vehicles for >13 persons, AC public transport vehicles for >13 persons and non-AC public transport vehicles for >13 persons in India.
- The report identifies top countries exporting public transport vehicles for >13 persons, AC public transport vehicles for >13 persons and non-AC public transport vehicles for >13 persons to India.
- The report identifies top countries importing public transport vehicles for >13 persons, AC public transport vehicles for >13 persons and non-AC public transport vehicles for >13 persons from India.
- This report has detailed profiles 8 key players in Indian bus market covering their business strategy, financial performance, future forecasts and SWOT analysis.
- This report covers in details the competitive landscape in Indian bus market.
- This report identifies key industry bodies and associations and their role in Indian bus market.
- This report identifies key government bodies and their role in Indian bus market.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Indian bus market.
- This report provides Porter's Five Forces analysis for Indian bus market.
- This report provides SWOT (strengths, weakness, opportunities and threats) analysis for Indian bus market.
- This report identifies the key challenges faced by new players in Indian bus market.
- This report provides future trends and opportunities for bus market in India.
- This report also provides strategic recommendations for policy makers, manufacturers, end users and investors.