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Luxury Buses Market Share

Report ID: GMI9320
Published Date: May 2024
Report Format: PDF

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Luxury Buses Market Share

Daimler AG and Yutong Group Co., Ltd. hold a significant market share in the luxury buses industry. Daimler AG focuses on continuous innovation and product development to enhance its luxury bus offerings under the Mercedes-Benz brand. This includes integrating cutting-edge technology, such as advanced infotainment systems, connectivity features, and autonomous driving capabilities, to provide passengers with an unparalleled luxury travel experience.

Yutong Group Co., Ltd. invests heavily in innovation and technology adoption to stay ahead of market trends and meet evolving customer expectations. This includes integrating smart connectivity solutions, digital entertainment systems, and intelligent driver assistance features into its luxury buses to enhance passenger comfort, safety, and convenience.

Luxury Buses Market Companies

Major companies operating in the luxury buses industry are:

Alexander Dennis Limited
Daimler AG
Irizar Group
MAN Truck & Bus
Marcopolo S.A.
Scania AB
Temsa Global
Van Hool NV
Volvo Group
Yutong Group

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of luxury buses reached USD 58.6 billion in 2023 and will grow at an 8% CAGR between 2024 and 2032, led by increasing disposable incomes and changing consumer preferences towards premium travel experiences.

The tour and travel segment recorded 46% share in 2023, due to the increasing demand for elite travel experiences among tourists seeking comfort, convenience, and luxury during their journeys.

Asia Pacific recorded 46% revenue share of the market in 2023, owing to the robust economic growth, burgeoning middle-class population, and rising demand for high-end travel experiences.

Some of the leading luxury buses market players include Alexander Dennis Limited, Daimler AG, Irizar Group, MAN Truck & Bus, Marcopolo S.A., Scania AB, Temsa Global, Van Hool NV, Volvo Group, and Yutong Group among others.