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Coach Buses Market Trends

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

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Coach Buses Market Trends

Coach buses are becoming equipped with electric and hybrid propulsion systems because of government emissions-reduction laws and environmental concerns. As opposed to conventional diesel-powered buses, electric buses provide quieter operation, fewer running expenses, and less environmental impact. Major coach bus manufacturers are integrating their supply chains and production facilities according to the demand for electric buses. For instance, in April 2024, VDL opened a 27,000 sq. m. facility in Belgium. The facility with an annual production capacity of 340 coach bus units is expected to open for delivery by the end of 2024.

With entertainment systems, passenger information screens, and onboard Wi-Fi, coach buses are becoming increasingly digitally connected. The passenger experience is improved by integrated digital platforms, which enable access to entertainment options, travel information, and onboard services.

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.