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Sleeper Buses Market Share

Report ID: GMI9321
Published Date: May 2024
Report Format: PDF

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Sleeper Buses Market Share

Volvo, Scania, and Yutong Bus have established themselves as dominant players holding market share over 17% in the sleeper bus industry through their strong brand reputations, extensive product portfolios, and global presence. Volvo and Scania, being Swedish companies, have leveraged their expertise in manufacturing high-quality commercial vehicles and their focus on safety, comfort, and technology to offer premium sleeper bus models catering to the European and North American markets.

Yutong Bus, a leading Chinese bus manufacturer, has gained significant market share by offering a wide range of sleeper bus models at competitive prices. Yutong has capitalized on the growing demand for sleeper buses in Asia and other emerging markets, where cost-effectiveness and value for money are crucial factors.

These companies have invested heavily in research and development to introduce sleeper buses with advanced features, such as comfortable sleeping berths, entertainment systems, Wi-Fi connectivity, and modern amenities. Their strong distribution networks, after-sales support, and strategic partnerships with transportation companies and tour operators have further solidified their dominance in the global sleeper bus market.

Sleeper Buses Market Companies

Major companies operating in the sleeper buses industry are:

Caetano Bus
Irizar
Prevost
Scania
Solaris Bus & Coach
Temsa
Van Hool
Volvo Buses
Yutong
Zhongtong Bus

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of sleeper buses recorded USD 35.3 billion in 2023 and will grow at a 5.5% CAGR between 2024 and 2032, owing to urbanization coupled with increasing disposable incomes, and advancements in bus design and amenities.

The diesel segment secured 84% of the sleeper buses industry share in 2023 and will record USD 48 billion by 2032, attributed to the widespread availability of diesel fuel, as well as the established infrastructure for diesel-powered vehicles.

Asia Pacific market achieved 50% share in 2023, driven by the extensive population base, rising urbanization, and increasing demand for cost-effective and convenient long-distance travel options.

Major companies operating in the sleeper buses industry are Caetano Bus, Irizar, Prevost, Scania, Solaris Bus & Coach, Temsa, Van Hool, Volvo Buses, Yutong, and Zhongtong Bus, among others.