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Tour Buses Market Trends

Report ID: GMI9337
Published Date: May 2024
Report Format: PDF

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Tour Buses Market Trends

The tour buses industry is witnessing notable trends driven by the rising special offers and services provided by leading organizations. As competition intensifies, companies are differentiating themselves by offering unique experiences and services to attract customers. Leading organizations are increasingly focusing on providing value-added services such as guided tours, onboard entertainment, and exclusive access to attractions.

Moreover, they are offering special discounts, package deals, and loyalty programs to incentivize repeat business. Additionally, many tour bus operators are investing in luxury amenities such as comfortable seating, Wi-Fi connectivity, and gourmet dining options to enhance the overall travel experience. These trends indicate a shift towards personalized and high-quality services, catering to the evolving preferences of travelers and driving the growth of the tour buses market.

To cite an instance, in July 2023, the Telangana State Road Transport Corporation (TSRTC) introduced a special super luxury bus tour package for the convenience of devotees visiting Shri Kshetra Ganagapur Dattatreya temple, a prominent shrine in Gulbarga, Karnataka, and other renowned shrines in Maharashtra.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The tour buses market was valued at USD 30.6 billion in 2023 and will grow at over 7.5% CAGR between 2024 and 2032, due to increasing launches of new tour bus services by leading organizations.

The internal combustion engine (ICE) propulsion segment accounted for 80% of the tour buses market share in 2023 and will exceed USD 41 billion by 2032, owing to its reliability, range, and affordability.

Asia Pacific market held a revenue share of 43% in 2023 and will grow rapidly till 2032, owing to its diverse landscapes, rich cultural heritage, and booming adventure tourism industry.

lexander Dennis Limited (ADL), BYD Company Limited, Daimler AG (Mercedes-Benz), Gillig Corporation, MAN Truck & Bus, Marcopolo S.A, VDL Groep, Volvo Group, and Yutong Group among others.