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Sleeper Buses Market Trends

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

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Sleeper Buses Market Trends

An emerging trend in the sleeper buses industry is the integration of advanced safety features. Operators are prioritizing passenger safety by incorporating technologies such as Fire Accident Prevention System (FAPS), driver monitoring systems, and emergency braking systems. These enhancements aim to mitigate risks and ensure a secure travel experience for passengers. For instance, in March 2024, the Volvo 9600 bus became the first in India to incorporate FAPS, introducing an advanced safety measure for drivers and passengers.

At the core of the FAPS system are two sizable water-filled cylinders situated in the bus's luggage compartment, supplying water to a sprinkler system installed throughout the vehicle. In case of a fire outbreak, the sprinklers activate automatically, effectively extinguishing the flames. This innovation prioritizes passenger safety by effectively mitigating the risk of fire accidents, enhancing safety measures in the sleeper bus market.

The surge in adventure tourism and road trip culture is propelling growth in the sleeper buses market. Travelers are increasingly seeking immersive experiences and off-beat destinations, fueling demand for convenient & flexible transportation options. Sleeper buses cater to this trend by offering a comfortable & affordable means of travel, allowing adventurers to embark on extended journeys without sacrificing comfort or breaking the bank. As more people embrace the allure of exploration and spontaneity, the sleeper bus market is poised to benefit from this trend by providing an ideal mode of transportation for road trips and adventure travel.

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.