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Intercity Buses Market Trends

Report ID: GMI9310 Published Date: April 2024Report 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.

Author: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :

How much is the intercity buses market worth?+

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.

Why is the demand for motor coaches rising?+

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.

Why are intercity buses showing preference in Asia Pacific?+

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

Who are the major intercity buses market players?+

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

Intercity Buses Market Scope

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