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