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Coach Buses Market Share

Report ID: GMI9283
Published Date: Apr 2024
Report Format: PDF

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Coach Buses Market Share

Daimler AG and Volvo Group hold a significant market share in the coach buses industry. Daimler AG focuses on innovation and technology leadership to differentiate its coach buses in the market. The company continuously invests in research and development to incorporate advanced features, safety technologies, and sustainable propulsion systems into its coach bus models, enhancing their appeal to customers.

Volvo Group embraces digitalization and connectivity to improve the efficiency, safety, and performance of its coach buses. The company integrates advanced telematics systems, onboard sensors, and data analytics capabilities into its coach bus models, enabling real-time monitoring, predictive maintenance, and remote diagnostics, enhancing operational efficiency and customer value.

Coach Buses Market Companies

Major companies operating in the coach buses industry are:

Alexander Dennis Limited (ADL)
BYD Company Limited
Daimler AG
MAN Truck & Bus
Scania AB
Van Hool NV
VDL Groep BV
Volvo Group
Yutong Group Co., Ltd.
Zhongtong Bus Holding Co., Ltd.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of coach buses reached USD 50 billion in 2023 and will grow at over 7% CAGR between 2024 and 2032, as they are a suitable alternative to private vehicles for long-distance travel since they are well-maintained and efficient transportation networks.

The ICE propulsion type segment is expected to hold over 85% revenue share in 2023, as they remain viable in areas with inadequate EV infrastructure, such as grid capacity and charging stations.

Asia Pacific coach buses industry held a revenue share of over 50% in 2023, driven by significant investments in transportation infrastructure.

Alexander Dennis Limited (ADL), BYD Company Limited, Daimler AG, MAN Truck & Bus, Scania AB, Van Hool NV, VDL Groep BV, Volvo Group, and Yutong Group Co., Ltd. among others.