Buses & Coaches Market Size, Share, Industry, and COVID-19 Impact Analysis, By Fuel Type (Gasoline, Hybrid, Electric, and Fuel Cell), By Type (Single Deck, Double Deck, Articulated Bus, Mini Bus, and Trolley Bus), By Application (City Bus/Coaches, Transit Bus, School Bus, and Others), By Seating Capacity (15-30 Seater, 31-50 Seater, More than 50 Seater, and Sleeper Facility), By No. of Axle (2 Axle and 3 Axle), and Regional Forecast, 2023-2030

Buses are the most common public transport modes, servicing cities, suburban, and rural areas. They are also the most cost-effective and adaptable modes of public transit, with little expenditure to construct new lines or routes.

The growing demand for bus travel is likely to fuel the expansion of the buses & coaches industry in the future. According to Red Bus Creators, the bus industry in India is growing at a 30% annual pace. As a result, rising bus demand propels the buses & coaches market growth.

Autonomous bus is a crucial concept gaining traction in the bus and coach business. The number of driverless bus trials is expanding, and several manufacturers have already stated that autonomous bus sales will begin within the next few years. Volvo Buses successfully presented a 7900 Hybrid City Bus built for autonomous operation in November 2019.

• For instance, Stagecoach, in partnership with Fusion Processing, Alexander Dennis and Transport Scotland, has revealed the first glimpse of the new special delivery for the autonomous bus project, CAVForth, that launched in Scotland in 2022.

The market is segmented by fuel type, type, application, seating capacity, and no. of the axle.

Impact of COVID-19 on the Global Buses & Coaches Market

The COVID-19 pandemic has forced governments and authorities worldwide to implement transportation and mobility limitations on an unprecedented size and scope. Physical separation influenced mobility behavior and preferences significantly. Many individuals choose a form of transport that decreases the danger of illness. People who buy a private automobile use it more frequently. Others who rely on public transportation may convert to another mode such as bicycling or walking; these situations hamper public transport mode. According to the American Public Transportation Association (APTA), an 80% decline was observed in 2020 in the public transit sector.

An increase in public-private partnerships can make the segment grow.

• For instance, on September 28, 2021, Volvo Bus Corporation(VBC) launched Volvo BZL Electric low-floor bus at Volvo Group Australia. It was officially handed over to the Western Australian Public Transport Authority (PTA).

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter’s Five Forces Analysis


• PEST Analysis


• Technological Developments


• Impact of COVID-19 on the Global Buses & Coaches Market

Analysis by Fuel Type

Fuel is a significant component of any vehicle's operational costs. With rising fuel prices, employing an electric bus for public transportation lowers gasoline expenditures while lowering other upfront costs and the total cost of ownership. Prices for electric buses are predicted to fall compared to those of diesel buses by 2030. Electric buses save almost 80% on maintenance and operational expenditures compared to diesel-engine buses. Due to rigorous pollution standards in various countries worldwide, the global battery-electric bus industry has been steadily growing. Battery-electric buses witnessed an 11.5% increase from 2020 to 2021. This rise might be attributable to several government incentives available to purchasers and fleet owners.

• For example, in September 2021, Volvo Buses introduced a new worldwide electromobility package. Following this, Volvo Buses' introduction of the Volvo BZL Electric chassis provides a firm foundation for sustainable and efficient public transportation systems in cities worldwide.

Regional Analysis

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The market is segmented into four regions, North America, Europe, Asia Pacific, and the rest of the world. North America is expected to witness the fastest growth rate in the buses & coaches market. Introducing strict emission standards and regulations in the U.S. is projected to surge the demand for electric buses. Many cities in the U.S. now demand a percentage of their bus fleet to be electric or hybrid, and they are also tightening the restrictions on new IC engine bus tenders. For example, SEPTA, Philadelphia's transportation authority, has pledged to reduce the number of diesel buses in its bus fleet to less than 5% by 2021 to transition to battery-electric buses progressively. Several states in the country are receiving new electric school buses, while others aim to incorporate more electric buses in future. A Texas school district received the state's first three electric school buses in December 2020. Everman Independent School District (ISD) began transporting students using Blue Bird Vision Electric buses this school year. The district could afford the buses and charging stations using the Volkswagen (VW) grants.

• For example, as part of the new infrastructure package, the U.S. government announced in March 2022 that it would pay almost USD 1.5 billion in grants in 2022 to upgrade and electrify bus fleets. This will make it easier for transit agencies and fleet operators to buy or lease zero-emission cars.

California now has the most zero-emission buses (1,016), over 200 electric buses in operation, and many additional backlog orders. The Chicago Transit Authority (CTA) revealed the new fleet of electric buses as part of the city's green initiatives. Asia Pacific was the second-largest region in the global buses & coaches market share, considering the transport requirements of the rising population and no manufacturing industries present.

Key Players Covered

• TATA Motors (India)


• Ashok Leyland (India)


• Volvo (Sweden)


• BYD (China)


• Scania (Sweden)


• Daimler AG (Germany)


• New Flywer (Canada)


• MAN (Germany)


• Marcopolo (Brazil)


• Yutong (China)

Segmentation

Key Industry Developments

• In February 2022, BYD Company (China) launched its K6 electric bus service in Mauritius in February 2022. The company's K6 pure electric bus is the country's first electric bus recognized by the National Transportation Organization. Furthermore, buses will be used mostly for intracity transit, allowing passengers to move between Mauritius' various stations.


• In January 2022, GILLIG LLC and Robotic Research/RRAI, a provider of autonomous mobility solutions, collaborated to create sophisticated driver support systems and the Society of Automotive Engineers level 4 autonomous vehicle technologies for North American transit buses. The collaboration brings RRAI's vehicle automation competence with GILLIG's transit operating knowledge.


• In February 2022, BYD (China) presented a new all-electric Type A school bus in the U.S. The battery-powered bus comes in three lengths, 26.7 feet (8.1 meters), 24.5 feet (7.45 meters), and 22.9 feet (7 meters), making it ideal for routes with fewer kids. It has a safety feature, Predictive Stop Arm, which monitors incoming traffic and alerts students as they disembark the bus when it is safe to cross.


• In September 2021, Volvo (Volvo Buses) introduced the new Volvo BZL Electric chassis to broaden its global electromobility portfolio. Volvo Buses now offers a platform for sustainable and efficient public transportation in cities worldwide.


• In August 2021, Tata Motors delivered 35 state-of-the-art Star bus electric vehicles to Brihan Mumbai Electric Supply and Transport as part of a bigger purchase of 340 electric buses (BEST). The 12-metre-long, 35-seater Tata Star bus AC electric buses are outfitted with advanced features for the driver and passengers' comfort, such as the 'Lift Mechanism’, which extends an automated ramp for easy ingress and egress of specially-abled passengers. It also has ergonomic seats, roomy interiors, utility provisions such as charging ports and wide entry & exit passages.