Public Bus Services Global Market Report 2024

Description

“Public Bus Services Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on public bus services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for public bus services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The public bus services market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Light And Medium Type; Large Type
2) By Body Built: Fully Built; Customizable
3) By Fuel Type: Diesel; Electric And Hybrid; Other Fuel Types
4) By Application: Urban Transport; Long Distance Transport; Specialist Services
Companies Mentioned: BC Transit Corporation; Transport International Holdings Limited; The Brussels Intercommunal Transport Company; Transdev Group; The Berliner Verkehrsbetriebe (BVG)
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Public bus services consist of a fleet of vehicles, such as buses, that adhere to fixed routes and operate on regular schedules for public use. These services are typically managed and operated by authorities, often the government, in exchange for a fare.

The primary classifications within public bus services encompass light, medium, and large types. The construction of bus bodies involves both fully assembled and customizable options. A light-type vehicle, such as a scooter, motorbike, or rickshaw, is designed to transport small loads or a limited number of passengers within a legally defined weight limit. The medium type includes goods carriages that fall between light motor vehicles and heavy goods vehicles in terms of size and capacity. These buses can run on various fuel types, such as diesel, electric, hybrid, and others. They serve a range of applications, including urban transport, long-distance travel, and specialized services. The operators, generally government entities, charge fees for these services.

The public bus services market research report is one of a series of new reports from The Business Research Company that provides public bus services market statistics, including public bus services industry global market size, regional shares, competitors with a public bus services market share, detailed public bus services market segments, market trends and opportunities, and any further data you may need to thrive in the public bus services industry. This public bus services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The public bus services market size has grown strongly in recent years. It will grow from $238.69 billion in 2023 to $258.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The expansion observed in the historical period can be ascribed to factors such as urbanization and population growth, governmental investments in public transportation, increasing environmental awareness and emphasis on sustainability, challenges related to traffic congestion and commuting, as well as the pursuit of affordable and cost-effective transportation solutions.

The public bus services market size is expected to see strong growth in the next few years. It will grow to $346.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be linked to ongoing urbanization and the prevalence of megacity trends, sustained government dedication to promoting sustainable mobility, a heightened focus on reducing emissions and improving air quality, the integration of multi-modal transportation systems, and the implementation of smart city initiatives. Key trends expected in the forecast period encompass the adoption of hybrid bus models, the application of data analytics for optimization, collaborative partnerships with the private sector, adaptations in response to the COVID-19 pandemic, and innovations in payment systems.

Government efforts to promote public transportation are fueling the growth of the public bus services market. The emphasis on public transport is driven by a shared goal of reducing environmental impact and enhancing transportation safety. The mutual benefits for both the government and the public arise from the increased utilization of public transportation, which not only offers an affordable and secure mode of transport for consumers but also generates revenue for the government. For instance, in March 2022, the UK government allocated £150 million ($184.8 million) to support local transport services in England. This funding aimed to assist bus and light rail operators, ensuring the continuity of travel services as the country emerged from the pandemic. Thus, government initiatives play a pivotal role in supporting the public bus services market.

The escalating issue of traffic congestion is anticipated to drive the expansion of the public bus services market. Traffic congestion occurs when a high volume of vehicles on roads results in a significant decrease in traffic speed and increased queuing. Public bus services act as an effective and shared transportation alternative, diminishing the number of individual vehicles on the road and alleviating traffic congestion. In 2022, a report by the US-based software company INRIX highlighted a substantial increase in the time lost to traffic congestion for the average U.S. driver, with a total of 51 hours lost throughout the year. This represented approximately one hour lost each week, signifying a significant surge from the 31 hours lost in the previous year. Hence, the surge in traffic congestion is a driving force behind the growth of the public bus services market.

Prominent companies in the public bus services market are concentrating on innovating bus services tailored for specific destinations, such as ski resorts, to mitigate congestion and enhance accessibility. Ski destinations, characterized by snowy landscapes and winter sports facilities, experience increased traffic, and the introduction of specialized bus services aids in addressing congestion issues. For instance, in November 2023, the Utah Transit Authority (UTA) in the United States launched a ski bus service for the 2023/24 season to alleviate congestion leading to Utah's ski destinations. Operating at a 30-minute frequency, the service aims to improve accessibility, especially on peak skiing days. Despite facing operator shortages, UTA has made significant progress in recruitment and retention efforts.

Major players in the public bus services market are actively involved in the development of electric bus models to meet evolving market demands. Electric buses, powered by electricity rather than traditional internal combustion engines, represent a sustainable and environmentally friendly transportation option. For example, in February 2023, Mellor, a UK-based provider of specialist passenger transport solutions, unveiled its new electric bus, the Sigma 8, at EuroBus Expo, expanding its Sigma range. Accommodating 54 passengers with 27 seats and standing room, the eight-meter battery-electric bus addresses the growing demand for eco-friendly transport solutions. Mellor has secured over 100 Sigma orders in the UK and Europe, with confirmed orders from London Hire and an undisclosed regional operator.

In October 2022, Transdev, a France-based private-sector public transport operator, completed the acquisition of First Transit Inc. for an undisclosed sum. This strategic move enables Transdev to enhance its presence in the United States and Canada, providing additional services with specialized knowledge. First Transit Inc., a US-based transportation company, possesses comprehensive expertise in both public and private transportation systems, including public bus services.

Major companies operating in the public bus services market report are BC Transit Corporation, Transport International Holdings Limited, The Brussels Intercommunal Transport Company, Transdev Group, The Berliner Verkehrsbetriebe (BVG), Chicago Transit Authority, MTR Corporation Limited, Transport for London, Eurobusways Ltd., PostBus Switzerland Ltd., Zhengzhou Yutong Bus Co. Ltd., AB Volvo Ltd., Scania AB, Tata Motors Limited, SML Isuzu Limited, Hino Motors Ltd., MAN Truck & Bus SE, Marcopolo S.A., Bridj Inc., OurBus Inc., Chariot Transit Inc., First Student Inc., Greyhound Lines Inc., Andhra Pradesh State Road Transport Corporation, ComfortDelGro Corporation Limited, FirstGroup plc, National Express Group plc, Stagecoach Group plc, Nobina AB, Arriva plc, Durham School Services L.P., First Transit Inc., Keolis Transit America Inc., Kowloon Motor Bus Company Limited, MV Transportation Inc., Petermann LLC, Regie Autonome des Transports Parisiens Co., SBS Transit Ltd., SMRT Corporation Ltd., Stock Transportation Ltd., Student Transportation of America Inc., The Go-Ahead Group plc, Tower Transit Group Limited .

Asia-Pacific was the largest region in the public bus services market in 2023. The regions covered in the public bus services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the public bus services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The public bus services market includes revenues earned by entities by providing conventional bus, intercity bus, and rapid transit (BRT) bus services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11275

1. Executive Summary

2. Public Bus Services Market Characteristics

3. Public Bus Services Market Trends And Strategies

4. Public Bus Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Public Bus Services Market Size and Growth

5.1. Global Public Bus Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Public Bus Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Public Bus Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Public Bus Services Market Segmentation

6.1. Global Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Light And Medium Type
Large Type
6.2. Global Public Bus Services Market, Segmentation By Body Built, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fully Built
Customizable
6.3. Global Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Diesel
Electric And Hybrid
Other Fuel Types
6.4. Global Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Urban Transport
Long Distance Transport
Specialist Services

7. Public Bus Services Market Regional And Country Analysis

7.1. Global Public Bus Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Public Bus Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Public Bus Services Market

8.1. Asia-Pacific Public Bus Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Public Bus Services Market

9.1. China Public Bus Services Market Overview
9.2. China Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Public Bus Services Market

10.1. India Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Public Bus Services Market

11.1. Japan Public Bus Services Market Overview
11.2. Japan Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Public Bus Services Market

12.1. Australia Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Public Bus Services Market

13.1. Indonesia Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Public Bus Services Market

14.1. South Korea Public Bus Services Market Overview
14.2. South Korea Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Public Bus Services Market

15.1. Western Europe Public Bus Services Market Overview
15.2. Western Europe Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Public Bus Services Market

16.1. UK Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Public Bus Services Market

17.1. Germany Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Public Bus Services Market

18.1. France Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Public Bus Services Market

19.1. Italy Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Public Bus Services Market

20.1. Spain Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Public Bus Services Market

21.1. Eastern Europe Public Bus Services Market Overview
21.2. Eastern Europe Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Public Bus Services Market

22.1. Russia Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Public Bus Services Market

23.1. North America Public Bus Services Market Overview
23.2. North America Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Public Bus Services Market

24.1. USA Public Bus Services Market Overview
24.2. USA Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Public Bus Services Market

25.1. Canada Public Bus Services Market Overview
25.2. Canada Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Public Bus Services Market

26.1. South America Public Bus Services Market Overview
26.2. South America Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Public Bus Services Market

27.1. Brazil Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Public Bus Services Market

28.1. Middle East Public Bus Services Market Overview
28.2. Middle East Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Public Bus Services Market

29.1. Africa Public Bus Services Market Overview
29.2. Africa Public Bus Services Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Public Bus Services Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Public Bus Services Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Public Bus Services Market Competitive Landscape And Company Profiles

30.1. Public Bus Services Market Competitive Landscape
30.2. Public Bus Services Market Company Profiles
- 30.2.1. BC Transit Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Transport International Holdings Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. The Brussels Intercommunal Transport Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Transdev Group
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. The Berliner Verkehrsbetriebe(BVG)
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Public Bus Services Market Competitive Benchmarking

32. Global Public Bus Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Public Bus Services Market

34. Public Bus Services Market Future Outlook and Potential Analysis

34.1 Public Bus Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Public Bus Services Market In 2028 - Segments Offering Most New Opportunities
34.3 Public Bus Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer