Bus Market Set to Accelerate with a 7.1% CAGR, Targeting USD 26.18 Billion by 2029

Bus Market Report Scope and Research Methodology

Analyzing the present and potential state of the market is the goal of the Bus Market report. It offers data on sales and revenue as well as worldwide demand and revenue generation. Additionally, the report divides the Bus industry into discrete segments to assist clients in comprehending the various growth drivers that are probably similar to one another. Leading companies in the Bus sector, including market leaders, recent entrants, and followers, are included in the report. In order to assure accuracy, it employs a top-down and bottom-up methodology and offers distinctive guidance on the development factors in minute detail. The Bus market report from MMR is the outcome of an investigation that employed a number of approaches, including SWOT, PORTER, and PESTEL analysis.

The report offers a comprehensive analysis of the growth strategies, geographical presence, manufacturing plants and capacities, and product portfolios of the major players in the Bus market. A basic study of the Bus market is also included in the report, along with information on the opportunities, trends, drivers, and constraints that are influencing the industry.

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Bus Market Regional Insights

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Segmentation Analysis for the Bus Market:

Seating Capacity: The market is divided into three categories: small buses (up to 15 passengers), medium buses (16 to 35 passengers), and large buses (36+ passengers). In 2022, the Medium Bus segment held the largest Bus Market share. The majority of buses sold globally in 2021 were medium-duty buses, with approximately 553,000 sold, and this volume is expected to increase to nearly 800,000 units in 2029. The market is divided into two parts based on distribution channel: domestic market and international market. With the largest bus market share in 2022, the domestic market segment dominated the global market. The domestic market includes bus sales and operations within a single country.

by Type

Transit Bus
School Bus
Coach/Intercity Bus
Shuttle Bus
Mini Bus

by Seating Capacity

Small Bus (Up to 15 passengers)
Medium Bus (16 to 35 passengers)
Large Bus (36 + passengers)

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Bus Market Key Players

1. Anhui Ankai Automobile Co. Ltd
2. BYD Company Limited
3. Alexander Dennis Limited (ADL)
4. King Long United Automotive Industry Co. Ltd.
5. Zhengzhou Yutong Group Co. Ltd
6. Zhongtong Bus Holding Co. Ltd
7. NFI Group Inc.
8. AB Volvo
9. Solaris Bus & Coach sp. z o.o.
10. Daimler Truck Holding AG
11. Mobico Group
12. Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
13. Tata Motors Limited
14. Mercedes-Benz Group AG
15. Marcopolo S.A.

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