Global Bus Market by Product and Fuel Type, 6th Edition

Global Bus Market by Product and Fuel Type, 6th Edition

  • May 2017 •
  • 330 pages •
  • Report ID: 4895359 •
  • Format: PDF
Developing Countries to Account for more than Four-Fifths of All New Bus Demand

Global demand for buses is forecast to expand 4.9% annually through 2021 to 623,000 units. Growth at the world level will be primarily driven by strong market gains in China, India, and other developing countries, where the tourism and private transportation industries are expected to expand at a strong pace and governments will invest heavily in their public bus transportation systems.

Additionally, both public and private fleet operators in these nations will replace a substantial portion of the fairly basic, outdated conventional buses currently in use with more advanced models and CNG/LNG, electric, and hybrid buses during the 2016-2021 period.

Key Findings in the Global Bus Market Study:

CNG/LNG, Electric, and Hybrid Buses to Capture Market Share from Conventional Models
Sales of CNG/LNG, electric, and hybrid buses are projected rise at an above-average pace between 2016 and 2021 because of new and ongoing government programs designed to reduce air pollution and minimize the environmental impact of public transportation systems.

The adoption of stricter emissions standards around the world and the development of new, more technologically-advanced CNG/LNG, electric, and hybrid models will encourage the transition away from conventional buses as well. Low natural gas fuel prices and the expansion of electrical grids in many industrializing nations will make alternative fuel buses a more appealing option in the future.

Motor Coaches to Register Faster Growth Through 2021 than Other Product Types
Global demand for motor coaches is forecast to increase significantly during the 2016-2021 period because of growth in the tourism and private transportation industries. As demand for their services rises, airports, hotels, resorts, tour operators, and private transportation firms will purchase new motor coaches and replace older models.

Additionally, the use of motor coaches, which offer greater comfort and have additional features, is expected to increase at the expense of more basic product types through 2021, as personal incomes rise around the world and rider expectations increase. Motor coaches will also be used more frequently in worker and student transport applications.

Study Coverage
This industry study presents historical demand data (2006, 2011 and 2016) and forecasts (2021) by product (motor coaches, transit buses, school buses, and other buses) and fuel type (diesel, gasoline, CNG/LNG, and electric & hybrid).

The study also analyzes the structure of the global bus industry and presents company market share in both unit and dollar terms for the world’s leading suppliers, including Anhui Ankai Automobile, Ashok Leyland, Blue Bird, BYD, CNH Industrial Daimler, Hyundai, Marcopolo, Navistar, Tata Motors, Toyota, Volkswagen, Xiamen King Long Motor, Volvo, and Zhengzhou Yutong Bus.