Minibus Global Market Report 2024

Description

A minibus is a small passenger vehicle designed to transport more people than a typical car but fewer than a full-sized bus, typically accommodating between 9 and 30 passengers. Minibuses are frequently used for public transportation, shuttle services, and group travel due to their compact size and versatility.

Minibuses come in three main types such as basic minibuses, luxury minibuses, and eco-friendly minibuses. Basic minibuses are simple, small buses intended to transport a moderate number of passengers with minimal features and amenities. They are available with various fuel options, including diesel, gasoline or petrol, electric, and hybrid, and have seating capacities of 9 to 15, 16 to 25, and 26 to 35 passengers. Minibuses are used for a range of applications such as tourism, event management, shuttle services, field trips, and more. They are employed by various entities, including businesses, healthcare facilities, non-profit organizations, construction companies, and educational institutions.

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

The minibus market size has grown steadily in recent years. It will grow from $9.34 billion in 2023 to $9.79 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth during the historical period can be attributed to several factors such as rising travel demand, increasing need for minibuses, expanding transportation infrastructure, growing popularity of tourism, and heightened demand for flexible transportation solutions.

The minibus market size is expected to see steady growth in the next few years. It will grow to $11.88 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth during the forecast period can be attributed to factors such as the expansion of the transportation business, increased growth in tourism and recreational vehicles, urbanization within the minibus industry, government regulations and safety standards, and upgrades to corporate and institutional fleets. Key trends expected during this period include customization and versatility, electrification and sustainability, electric and hybrid powertrains, connectivity and smart features, and integration with urban mobility solutions.

The growing demand for tourism is expected to drive the growth of the minibus market in the future. Tourism involves traveling away from one's usual place of residence for leisure, business, or other purposes. Factors contributing to the rise in tourism include increasing disposable incomes, better accessibility through improved transportation, heightened cultural curiosity, social media influence, event tourism, business and educational travel, and more leisure time. Minibuses are used in tourism to provide efficient and comfortable transportation for small groups, offering flexibility and convenience for sightseeing and guided tours. For example, the Office for National Statistics reported in May 2024 that UK tourists took 86.2 million trips abroad in 2023, up from 71.0 million trips in 2022. This growing demand for tourism is fueling the expansion of the minibus market.

Leading companies in the minibus market are focusing on developing advanced solutions, such as autonomous minibuses, to enhance passenger convenience and safety. Autonomous minibuses are self-driving vehicles equipped with advanced technology that allows them to navigate and operate without human intervention. For instance, in May 2024, Renault Group, a France-based automobile manufacturer, introduced an autonomous minibus for public transportation. This vehicle features Level 4 autonomy, enabling self-driving capabilities within designated areas. This development supports the demand for low-carbon mobility solutions as European cities transition to low-emission zones. The minibus is designed to operate around the clock with minimal remote supervision, potentially lowering automation costs and providing a cost-effective, zero-emission alternative to traditional public transport.

In September 2023, Altas Auto, a US-based manufacturer of lightweight electric vehicles, partnered with Zhongtong Bus Holding Co. Ltd. to produce electric minibuses for the European market. This partnership combines Altas Auto's expertise in the European minibus sector with Zhongtong's extensive experience in electric bus manufacturing. Zhongtong Bus Holding Co., Ltd., based in China, specializes in electric minibuses.

Major companies operating in the minibus market are Volkswagen Group, TOYOTA MOTOR CORPORATION, Stellantis N.V., Ford Motor Company, General Motors Company, Hyundai Motor Company, Nissan Motor Co Ltd., BYD Motors Inc., AB Volvo, Tata Motors Limited, Dongfeng Motor Corporation, Iveco Group NV., MAN Truck & Bus SE, Ashok Leyland Limited, Marcopolo SA, Anhui Ankai Automobile Co Ltd., Force Motors Limited, Thomas Built Buses Inc, Woodall Nicholson Limited (Mellor Coachcraft), Karsan Otomotiv Sanayii ve Ticaret A.S., Rosero - P S.R.O., Kingstar Bus Co Ltd., Integralia Movilidad S.L.

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

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

The minibus market consists of sales of standard minibus, school minibus, accessible minibus, convertible minibus, high roof minibus, electric minibus, and camper minibus. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

Minibus 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 minibus 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.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for minibus ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The minibus 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.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Types: Basic Minibuses; Luxury Minibuses; Eco-friendly Minibuses
2) By Fuel Types: Diesel; Gasoline or Petrol; Electric; Hybrid
3) By Seating Capacity: 9 To 15; 16 To 25; 26 To 35
4) By Applications: Tourism; Event Management; Shuttle Services; Field Trips; Other Applications
5) By End Users: Business Entities; Healthcare Facilities; Non-profit Organizations; Construction Companies; Educational Institutions; Other End Users
Companies Mentioned: Volkswagen Group; TOYOTA MOTOR CORPORATION; Stellantis N.V.; Ford Motor Company; General Motors Company
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.

Product Code: r20749

1. Executive Summary

2. Minibus Market Characteristics

3. Minibus Market Trends And Strategies

4. Minibus 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 Minibus Market Size and Growth

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

6. Minibus Market Segmentation

6.1. Global Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Basic Minibuses
Luxury Minibuses
Eco-friendly Minibuses
6.2. Global Minibus Market, Segmentation By Fuel Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Diesel
Gasoline or Petrol
Electric
Hybrid
6.3. Global Minibus Market, Segmentation By Seating Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9 To 15
16 To 25
26 To 35
6.4. Global Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Tourism
Event Management
Shuttle Services
Field Trips
Other Applications
6.5. Global Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Business Entities
Healthcare Facilities
Non-profit Organizations
Construction Companies
Educational Institutions
Other End Users

7. Minibus Market Regional And Country Analysis

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

8. Asia-Pacific Minibus Market

8.1. Asia-Pacific Minibus 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 Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Minibus Market

9.1. China Minibus Market Overview
9.2. China Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Minibus Market

10.1. India Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Minibus Market

11.1. Japan Minibus Market Overview
11.2. Japan Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Minibus Market

12.1. Australia Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Minibus Market

13.1. Indonesia Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Minibus Market

14.1. South Korea Minibus Market Overview
14.2. South Korea Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Minibus Market

15.1. Western Europe Minibus Market Overview
15.2. Western Europe Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Minibus Market

16.1. UK Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Minibus Market

17.1. Germany Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Minibus Market

18.1. France Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Minibus Market

19.1. Italy Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Minibus Market

20.1. Spain Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Minibus Market

21.1. Eastern Europe Minibus Market Overview
21.2. Eastern Europe Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Minibus Market

22.1. Russia Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Minibus Market

23.1. North America Minibus Market Overview
23.2. North America Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Minibus Market

24.1. USA Minibus Market Overview
24.2. USA Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Minibus Market

25.1. Canada Minibus Market Overview
25.2. Canada Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Minibus Market

26.1. South America Minibus Market Overview
26.2. South America Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Minibus Market

27.1. Brazil Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Minibus Market

28.1. Middle East Minibus Market Overview
28.2. Middle East Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Minibus Market

29.1. Africa Minibus Market Overview
29.2. Africa Minibus Market, Segmentation By Types, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Minibus Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Minibus Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Minibus Market Competitive Landscape And Company Profiles

30.1. Minibus Market Competitive Landscape
30.2. Minibus Market Company Profiles
- 30.2.1. Volkswagen Group
  - 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. TOYOTA MOTOR CORPORATION
  - 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. Stellantis N.V.
  - 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. Ford Motor Company
  - 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. General Motors Company
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Minibus Market Other Major And Innovative Companies

31.1. Hyundai Motor Company
31.2. Nissan Motor Co Ltd.
31.3. BYD Motors Inc.
31.4. AB Volvo
31.5. Tata Motors Limited
31.6. Dongfeng Motor Corporation
31.7. Iveco Group NV.
31.8. MAN Truck & Bus SE
31.9. Ashok Leyland Limited
31.10. Marcopolo SA
31.11. Anhui Ankai Automobile Co Ltd.
31.12. Force Motors Limited
31.13. Thomas Built Buses Inc
31.14. Woodall Nicholson Limited (Mellor Coachcraft)
31.15. Karsan Otomotiv Sanayii ve Ticaret A.S.

32. Global Minibus Market Competitive Benchmarking

33. Global Minibus Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Minibus Market

35. Minibus Market Future Outlook and Potential Analysis

35.1 Minibus Market In 2028 - Countries Offering Most New Opportunities
35.2 Minibus Market In 2028 - Segments Offering Most New Opportunities
35.3 Minibus Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer