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Global Scheduled Bus Transport Market – Industry Trends and Forecast to 2031

Automotive

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Global Scheduled Bus Transport Market – Industry Trends and Forecast to 2031

  • Automotive
  • Upcoming Report
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Scheduled Bus Transport Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 3.20 USD Billion
Diagram Market Size (Forecast Year) USD 5.10 USD Billion
Diagram CAGR %

Major Markets Players

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Global Scheduled Bus Transport Market, By Application (Motor Coaches, Transit Buses, and School Buses), Length (6-8 m, 9-12 m, and Above 12 m) - Industry Trends and Forecast to 2031.

Scheduled Bus Transport Market Analysis and Size

Growth in investments for research and development activities, growing awareness about the benefits of public transportation, and an upsurge in the public and private partnership for the development of automotive infrastructure will foster growth in the market value. The rising application of this advanced technology in commercial vehicles and stringent environmental regulations imposed by the government will also create lucrative growth opportunities for the market. The growing need for customized solutions for public transport vehicles, the surging rate of manufacturing of commercial and passenger vehicles, the rising prevalence of intelligent transport systems, and the increasing passenger population will also foster market growth.

The global scheduled bus transport market was valued at USD 3.2 billion in 2023 and is expected to reach USD 5.1 billion by 2031, registering a CAGR of 5.1% during the forecast period of 2024-2031. The motor coaches segment is anticipated to register a considerable CAGR during the forecast period as the rising demand for public transportation. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable 2016 - 2021)

Quantitative Units

Revenue in USD billion,

Segments Covered

By Application (Motor Coaches, Transit Buses, and School Buses), Length (6-8 m, 9-12 m, and Above 12 m)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

YUTONG (U.S.), AB Volvo (U.S.), Scania (U.S.), Tata Motors (India), and Hino Motors, Ltd (U.S.)

Market Opportunities

           

  • Rapid urbanization across the globe
  • Increasing demand for public transportation

Market Definition

Bus Scheduling is a series of processes and complex mathematical equations that combines critical bus planning elements, including bus stops, routes, timetables, vehicle blocks, and driver shifts in an efficient, contract-compliant, and cost-effective manner that meets customer needs. Tricky to write and even harder to get right in practice.

Scheduled Bus Transport Market Dynamics

  • Increasing demand in  automotive and transportation

There is a high demand for buses in the automotive and transportation sectors. Scheduled buses are majorly preferred in the automotive and transportation sector as they work on batteries, conventional vehicles work on fuel, and fuel prices are increasing daily. Therefore, this rises the demand for public transport across the region.

  • Increasing Demand for Public Transit in Megacities to Aid Growth

In recent decades, there has been a rapid increase in the movement of people into urban areas and the growth of urban and metropolitan areas. According to the data compiled by the United Nations, around 55 percent of the world population lived in urban regions in 2018. It is anticipated that this percentage will increase to 60% by 2030. Furthermore, numerous governments are constructing bus rapid transit, metro, monorail, and light rail transit systems to meet the demand for public transportation in megacities. As a result, more people use public transportation, causing the market to grow.

Opportunities

  • Rise in Government Initiatives

Governments are putting more emphasis on creating smart cities. Governments worldwide are regulating the installation of factory-fitted telematics and safety systems in automobiles as a result of rising road safety concerns, and rising auto thefts is further anticipated to propel the market's growth.

Restraint/Challenge

  • High Cost of Sensor Technology Required in the Bus Scheduling Process

. Developing and manufacturing advanced sensors often involves complex processes, sophisticated materials, and advanced technologies, which can drive up production costs. This high cost can limit the affordability and accessibility of sensors, particularly for price-sensitive industries or emerging markets.

This market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Scheduled Bus Transport Market Scope

The scheduled bus transport market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • 6-8 m
  • 9-12 m
  • Above 12 m

 Application

  • Motor Coaches
  • Transit Buses
  • School Buses

Scheduled Bus Transport Market Region Analysis/Insights

The scheduled bus transport market is segmented on the basis of type & application. The countries covered in the report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa.

Asia-Pacific region is expected to dominate the market due to the surging demand for passenger vehicles, growing investment by the government for the development of transport infrastructure, surging focus towards the integration of passenger safety systems in both commercial and passenger vehicles, rising disposable income of the people in India and China, growing urbanization and industrialization and growth and expansion of automotive industry in this region.

Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The rise in popularity of  public transport across the region

The global scheduled bus transport market also provides you with a detailed market analysis for every region’s growth for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2021.

Competitive Landscape and Scheduled Bus Transport Market Share Analysis

The scheduled bus transport market is analyzed, and market size information is provided by type & application. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the scheduled bus transport market are

  • YUTONG (U.S.)
  • AB Volvo (U.S.)
  • Scania (U.S.)
  • Tata Motors (India)
  • Hino Motors, Ltd (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The scheduled bus transport market size will be worth USD 5.1 billion by 2031.
The growth rate of the scheduled bus transport market is 5.1%.
Increasing demand in automotive and transportation & Increasing Demand for Public Transit in Megacities to Aid Growth are the growth drivers of the scheduled bus transport market.
Type and application are the factors on which the scheduled bus transport market research is based.
Major companies in the scheduled bus transport market are YUTONG (U.S.), AB Volvo (U.S.), Scania (U.S.), Tata Motors (India), and Hino Motors, Ltd (U.S.).
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