PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615933
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615933
Europe Minibus Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Europe Minibus Market was expanded to USD 515.7 million in 2023 and is expected to achieve a CAGR of 4.5% from 2024 to 2032, spurred by rising demand for public transportation and a shift towards eco-friendly vehicles. As urban populations grow, there is an increasing need for efficient public transport solutions to alleviate congestion and improve mobility. Minibuses offer a practical option for short-distance travel, accommodating small to medium-sized groups. Also, the emphasis on sustainability is pushing operators to adopt eco-friendly minibusses, including electric and hybrid models.
This combination of factors positions the market for substantial growth in the coming years. The Europe minibus industry is segregated based on seating capacity, propulsion, application, and region. The below 10 seats segment captured a 50% share in 2023 due to its versatility and suitability for various applications. This segment is particularly popular for small-group transport, including airport shuttles, corporate travel, and local tours.
The compact size allows for easier maneuverability in urban settings and enhanced fuel efficiency. Besides, as businesses and organizations prioritize cost-effective transportation solutions, the demand for minibusses with fewer than 10 seats continues to rise, solidifying its dominant position in the market. The school segment will register a 3% CAGR from 2024 to 2032, driven by the increasing need for safe and reliable transportation for students. Minibuses are ideal for transporting small groups, making them a popular choice for schools and educational institutions.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $515.7 Million |
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2023
Chapter 5 Market Estimates & Forecast, By Seating Capacity, 2021 - 2032 ($Bn, Units)
Chapter 6 Market Estimates & Forecast, By Propulsion, 2021 - 2032 ($Bn, Units)
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn, Units)
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Units)
Chapter 9 Company Profiles
