Intercity Buses Market Size - By Bus Type, By Seating Capacity, By Application, By Fuel Type & Forecast, 2024

Description

Intercity buses market size is estimated to record more than 8% CAGR from 2024 to 2032, fueled by increasing urbanization and population migration. With rapid urbanization, the need for affordable transportation is escalating. As per Worldbank.org, the global urban population is growing rapidly and is projected to reach 6 billion by 2045, surpassing half of the worldwide population. Intercity buses provide a convenient and cost-effective option for commuters and travelers in areas with limited transport choices.

The advancements in technologies and modern amenities in long-distance buses has enhanced their popularity among passengers. Features like Wi-Fi, comfortable seating, entertainment options, and eco-friendly practices are largely attracting travelers seeking a comfortable and sustainable travel experience. This, along with the expanded bus network and improved accessibility in remote areas, is significantly boosting the preference for long-distance buses, adding to the product demand.

The intercity buses industry is classified into bus type, seating capacity, fuel type, application and region.

Based on bus type, the market size from the transit bus segment will exhibit decent growth rate between 2024 and 2032, owing to their versatility and cost-effectiveness. Transit buses provide reliable and efficient transportation for both commuters and long-distance travelers whilst offering a lower carbon footprint compared to individual vehicles. Technological advancements are also improving comfort, safety, and connectivity options, adding to the segment growth.

Intercity buses market from the corporate shuttle application segment is expected to witness notable CAGR through 2032, driven by the ability to offer companies efficient and customized transport solutions. Corporate transportation services prioritize employee comfort, safety, and cost efficiency for travel between cities. Outsourcing to specialized services to streamline operations and boost employee satisfaction will drive the product application outlook.

North America intercity buses industry will record significant growth rate through 2032. The diverse geography and urban centers in the region are creating the need for efficient transportation between cities. Concerns about sustainability and congestion have heightened the interest in buses. Government initiatives for promoting public transport infrastructure and modernizing bus fleets are also boosting the regional market growth.

Product Code: 9310

Chapter 1 Methodology & Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Manufacturers
- 3.2.3 Distributors
- 3.2.4 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch and innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 High investments in urban road infrastructure development
  - 3.8.1.2 High cost-effectiveness offered by intercity buses
  - 3.8.1.3 Growing on-demand services
  - 3.8.1.4 Changing demographics and travel preferences
3.9 Industry pitfalls & challenges
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Bus Type, 2021-2032 ($Bn, Units)

5.1 Key trends
5.2 Motor coach
5.3 Transit bus
5.4 Minibus

Chapter 6 Market Estimate & Forecast, By Seating Capacity, 2021-2032 ($Bn, Units)

6.1 Key trends
6.2 Up to 30 passengers
6.3 Small buses (9-25 seats)
6.4 Medium buses (26-35 seats)
6.5 Large buses (36 seats and above)

Chapter 7 Market Estimates & Forecast, By Fuel Type, 2021-2032 ($Bn, Units)

7.1 Key trends
7.2 Diesel
7.3 CNG
7.4 Hybrid electric
7.5 Battery electric

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 ($Bn, Units)

8.1 Key trends
8.2 Intercity transport
8.3 Airport shuttle
8.4 Tour & travel
8.5 Corporate shuttle
8.6 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 ($Bn, Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Russia
- 9.3.6 Belgium
- 9.3.7 Sweden
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Indonesia
- 9.4.6 Thailand
- 9.4.7 Vietnam
- 9.4.8 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Iran
- 9.6.5 Turkey
- 9.6.6 Rest of MEA

Chapter 10 Company Profiles

10.1 Prevost (A subsidiary of Volvo)
10.2 Motor Coach Industries (MCI)
10.3 Setra (A brand of Daimler AG)
10.4 Yutong
10.5 Scania
10.6 Thomas Built Buses
10.7 Volvo Buses
10.8 Zhongtong Bus
10.9 King Long
10.10 Temsa
10.11 Irizar
10.12 Van Hool
10.13 Marcopolo
10.14 Ashok Leyland
10.15 Tata Motors
10.16 VDL Bus & Coach
10.17 Alexander Dennis
10.18 Optare
10.19 Zhengzhou Yutong Bus
10.20 Xiamen King Long Motor

Intercity Buses Market Size - By Bus Type, By Seating Capacity, By Application, By Fuel Type & Forecast, 2024 - 2032