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Express Buses Market Trends

Report ID: GMI9286
Published Date: Apr 2024
Report Format: PDF

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Express Buses Market Trends

The integration of telematics systems enables real-time monitoring of vehicle performance, location tracking, and fuel efficiency. This translates to greater scheduling adherence, better maintenance practices, and a more pleasant cabin atmosphere with the help of optimal temperature management. High-definition seatback entertainment systems or integrated iPads loaded with movies, TV shows, music, and even games provide a more interesting and restful experience for passengers, particularly on longer trips. Passengers use user-friendly smartphone applications to easily purchase tickets, manage bookings, check-in for excursions, and even follow the real-time position of their bus. This prevents the stress of waiting in lines and allows for greater flexibility in vacation planning.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of express buses reached USD 29 billion in 2023 and is set to witness 6% CAGR from 2024 to 2032, owing to the increasing urbanization and rising population leading to rising demand for public transit worldwide.

The standard express buses segment held over 42% share in 2023, due to being the most affordable option in the express bus industry.

Asia Pacific market held over 51% share in 2023, attributed to a steady increase in urban citizens and growing focus on public transportation development in the region.

Daimler AG, Yutong Bus, Zhongtong Bus, King Long United Automotive, Solaris Bus & Coach, Scania AB, Volvo Buses, Marcopolo, Tata Motors, VDL Bus & Coach, Irizar Group, Xiamen King Long, and Zhengzhou Yutong Bus Co., Ltd., are some of the major express buses companies worldwide.