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Intercity Buses Market Trends

Report ID: GMI9310
Published Date: Apr 2024
Report Format: PDF

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Intercity Buses Market Trends

Companies that operate intercity buses are using technology to improve the traveler experience. This includes onboard Wi-Fi, entertainment systems, real-time bus tracking, and smartphone apps for ticket purchasing. For instance, in February 2023, Prevost Car Inc. unveiled next-generation intercity bus coaches, H3-45. The coaches provide fuel savings of up to 12% with a design featuring real-time tracking and Wi-Fi systems.

Many intercity bus companies are adopting eco-friendly policies in response to the growing environmental concerns. These activities include purchasing fuel-efficient cars, using alternative fuels, and marketing carbon offset programs to attract environmentally conscious passengers.

Some bus operators are responding to the demands of modern travelers by providing on-demand services, where buses are dispatched based on user requirements instead of following set routes & schedules, and flexible scheduling alternatives.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of intercity buses reached USD 76 billion in 2023 and will grow at over 8% CAGR between 2024 and 2032, led by the growing road infrastructure development across the cities.

The motor coach bus type segment held will hold over 69% of the market share by 2032, owing to its larger interiors, more comfortable seats, and features, such as Wi-Fi, power outlets.

Asia Pacific intercity buses industry generated USD 45.1 billion in revenue in 2023, due to growing urbanization and environmental concerns.

Alexander Dennis, King Long, Motor Coach Industries (MCI), Prevost, Scania, Setra, Tata Motors, Van Hool, and VDL Bus & Coach among others.