Title: Global Bus Market Analysis & Industry Forecast 2016-2024
1Global Bus Market Outlook
Global Bus Market Outlook 2024 Opportunity
Growth Analysis, 2016-2024
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2Global Bus Market Outlook
Global Bus Market Share(), By Region-2016-2024
Global Bus Market Size USD (Billion). 2016-2024
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In 2016, Diesel Buses accounted for the highest
market share XX in global Bus market
With Asia Pacific share in 2016, dominated the
global Bus market
Global Bus Market Share (), By Seating
Capacity-2016
Global Bus Market Share (), By Body Type-2016
Global Bus Market Share(), By Fuel Type-2016
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3Global Bus Market Outlook
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- Global demand for buses is projected to advance
more than seven percent per annum to XX thousand
units in 2018, twice as fast as the 2008-2013
rate of increase. Five major trends will drive
growth. The major one is expansion in the size of
the global urban population. - Global bus and coach manufacturing is in a growth
cycle, driven by economic growth in the BRIC
nations. In countries such as China and India,
car-ownership is low, so demand for public
transport is high. Comparatively low volumes and
the number of model variants needed to satisfy
differing operational needs, mean manufacturing
efficiencies rely on joint ventures, partnerships
and modular products. - National and local governments play a key role in
purchasing decisions and influence the market
through legislation, for example, on emissions
controls and safety standards. The market
includes school buses, minibuses, city service
buses, articulated buses and luxury coaches. In
the school bus sector, the market in China is
predicted to grow to between XX thousand and XX
million school buses nationwide thats massive
sales potential for bus and coach manufacturers,
in a sector where demand in mature markets is
typically in the tens of thousands. - Western European chassis manufacturers have
around 10 of total world registrations, but
dominate global chassis production. The past two
years has seen a series of takeovers and JVs,
particularly in China, India and Russia, as these
manufacturers seek to secure a role in growth
markets. There are also some globally-focussed
coach bodybuilders Brazils MarcoPolo and
Spains Irizar, for example. MarcoPolo, already a
partner for Mercedes-Benz, now has a JV with
Russias Kamaz and Indias Tata Motors. - The need to respond to local conditions and
demands means manufacturers have to be
ultra-flexible. Manufacturing is focussed on
modular chassis platforms produced in volumes at
regional plants, which are then finished by local
bodybuilding partners. Coach and bus bodybuilding
is labour-intensive with limited scope for
automation, so using local labour also helps
keeps costs down.
Electric and Hybrid Technology
Sample
Autonomous Technology
Automotive Telematics
Rapid Urbanization
Global Bus Market (USD Billion)
North America
Europe
Asia-Pacific
USD Billion
2016
USD Billion
USD Billion
2024
USD Billion
USD Billion
USD Billion
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Global Bus Market Size (USD Billion)-2016-2024
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- Global Bus Market is anticipated to expand at a
compound annual growth rate of XX during the
forecast period i.e. 2016-2024. The market is
anticipated to reach USD XX billion by the end of
2024. The latest trend gaining momentum in the
market is introduction of technology advanced
modern buses. Further, players in the Bus
manufacturing industry are focusing on providing
cost effective and green technologies. - Rising government investment in public
transportation networks, particularly bus rapid
transit systems, to reduce traffic congestion and
improve air quality, is another trend. Further
aspects are growth in the number and size of
private transportation companies, and the
climbing worldwide sales of electric, hybrid,
compressed natural gas (CNG), and liquefied
natural gas (LNG) models, as many countries adopt
more stringent emissions standards and as
environmental considerations grow in importance. - The Asia/Pacific region is projected to account
for more than three-fifths of all new global bus
demand through 2024. China alone will be
responsible for nearly half of the global total.
Growth is expected to pick up in both China and
India, the regions two largest bus markets,
after declining moderately during the second part
of the 2012-2016 period.
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Global Bus Market Share (), By Fuel Type,
2016-2024
- The biggest technology driver over the past two
years in bus and coach manufacturing has been
demand for alternative energy sources. Bus and
coach manufacturers are global leaders in
development of hybrid vehicle technology, from
gas-powered buses to biogas, fuel cell and
hydrogen technology. Globally, national and local
governments are committed to cleaner air
strategies in their cities and are committing
money to research and offering attractive
incentives to encourage adoption of alternative
power, from CNG for city buses to hybrid diesel
electric power on inter-state routes - While many of these are still at the
project/trial phase, CNG-powered buses with their
characteristic roof-mounted gas tanks are now
produced in such numbers as to be considered
mainstream manufacture Volvo Buses began
commercial production of hybrid buses in 2010 in
its Polish and Swedish plants, for example.
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Global Bus Market Y-O-Y Growth, By Fuel Type
2016-2024
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Global Bus Market Size (USD Billion), By Fuel
Type -2016-2024
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Global Bus Market Size (USD Billion), By Electric
Hybrid Buses, 2016-2024
- China alone will have a global market share of
more than XX of transit buses with more than
XX,000 units being acquired. North America for
example is only projected to buy in the same
period around XX,000 units. India and Russia also
have large market shares. Europe and North
America will have together a market share of less
than XX and also far lower growth rates than
other regions worldwide meaning that their
relative importance in the bus market will
further decline. - Virtues of electric and hybrid technology will
have to be demonstrated in countries like China
and India and regions like South America, ASEAN
and African countries with the largest compound
growth rate of all regions. Not surprisingly it
is also expected that Chinese manufacturers such
as Yutong, Wuzhoulong, Foton, Kinglong and BYD
are expected to top the global hybrid and
electric transit bus market with Volvo, ADL and
Daimler featuring as non-Chinese members of
leading manufacturers
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Global Bus Market Y-O-Y Growth, By Electric
Hybrid Buses, 2016-2024
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Major Technological Challenges faced By Electric
and Hybrid Bus Technologies In Developed
Countries- 2016
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Global Bus Market Attractiveness-By End Users,
2016-2024
CAGR ()
Market Size (USD Billion)
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Water based adhesive segment holds the largest
revenue share in the global Bus market as this
segment constitutes which is impacted by the
rising cognizance among the household users and
thus it is likely to expand at XX CAGR during
the forecast period. Bus market is relying on
the adoption of EHR (Electronic health record)
software by various healthcare facility providers
in order to stand ahead in future. Behavioral
health EHR creates a world of difference to the
staff and patients and goes the extra mile giving
advanced capabilities such as it include support
for documenting violence risk factors, suicide
risk factors, or sadness scales.
Global Bus Market BPS Analysis- By End Users,
2016-2024
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North America Bus Market Size (USD
Billion)-2016-2024
Sample
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North America North America Bus Market Size (USD
Billion), By Body Type, 2016-2024
North America North America Bus Market Size (USD
Billions), By Country-2016-2024
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9United States Bus Market Size (USD Billion),
Compound Annual Growth Rate (), Y-O-Y Growth
Rate (), 2016-2024
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Smart AR Glasses Unit (Thousand) Shipments
Worldwide From 2016 to 2024
Key Insights
Manufacturing buses for the US transit market has
been a challenging business over the last several
decades. It is a small market with volatile
demand. Over the twenty-year period 1997-2016,
annual spending on buses by US transit agencies
has swung between extremes of USD XX billion and
USD XX billion The total bus stock 2010 is some
XX million units and is expected to rise to
around 18 million units by 2020 and XX million
units by 2030. 2010 around XX of all buses were
operating in China, XX I Korea, X in the US, X
in Russia and X in India being the 5 largest bus
operator countries
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The new electric bus financing options could
become increasingly popular as more, and smaller,
cities review their city transit fleets to figure
out ways to afford to buy electric buses. Most of
the several hundred electric buses currently
driving on the roads in the U.S. were paid for
upfront by large cities such as Seattle, Los
Angeles, and San Francisco that have set
aggressive environmental goals. Currently the
market for electric buses in the U.S. is still in
its early days. Out of XX thousnad buses in city
fleets in the U.S. just XX were electric buses as
of 2017, according to the Bloomberg New Energy
Finance report. That means less than XX percent
of city buses were electrified in the U.S.
10North America Bus Market Attractiveness-By
Country, 2016-2024
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CAGR ()
Market Size (USD Billion)
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Sample
According to the above graph, U.S. Bus market is
anticipated to be the most attractive market
across all the countries in Bus Market, for new
entrants looking to enter in the market, existing
players looking for business expansion and
investors seeking investment opportunities over
the forecast period i.e. 2016-2024 Demand
depends mainly on the demographic makeup and
growth of the local population. The profitability
of individual companies depends on efficient
operations. Large companies can have advantages
in buying fuel and in maintaining fleets. Small
companies can compete by providing specialized
services. The urban, school, interurban and rural
bus transportation segments are highly
concentrated. The charter and special needs
transportation segments are fragmented.
North America North America Bus Market BPS
Analysis- By Country, 2016-2024
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Daimler AG (Company Overview Business Strategy)
Founded 1926
Website www.daimler.com
Employees 289,321
Headquarters Germany
Major Products
Passenger Cars
Trucks
Vans
Camper Vans
Buses
Services
Company Overview
- Daimler AG is a German multinational automotive
corporation. Daimler AG is headquartered in
Stuttgart, Baden-Württemberg, Germany. As of
2014, Daimler owned or had shares in a number of
car, bus, truck and motorcycle brands including
Mercedes-Benz, Mercedes-AMG, Smart Automobile,
Detroit Diesel, Freightliner, Western Star,
Thomas Built Buses, Setra, BharatBenz, Mitsubishi
Fuso, MV Agusta as well as shares in Denza, KAMAZ
and Beijing Automotive Group. - y unit sales, Daimler is the thirteenth-largest
car manufacturer and is the largest truck
manufacturer in the world. Daimler provides
financial services through its Daimler Financial
Services arm. The company is a component of the
Euro Stoxx 50 stock market index. - The Daimler AG has a worldwide networks of
production plants and research centers. The
following list is a description of all locations
worldwide that include a Daimler plant, including
plants for Daimler subsidiaries EvoBus, Daimler
Trucks North America, Detroit Diesel,
Freightliner Trucks and Mitsubishi Fuso Truck and
Bus Corporation.
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Business Strategy
- Investment Research and Development Daimler
goal is to continue our global growth in all the
vehicle segments in which they are represented
and in the services segment. Daimler want to
thrill its customers with outstanding products
and strong brands. The Asia region, and
especially China, are playing a central role in
Daimlers car business in particular. Connected,
Autonomous, Shared Services, Electric through
the connection of all the future-oriented CASE
areas, Daimler is transforming itself from an
automaker into a provider of mobility services.
Daimler is also shaping intuitive mobility with
comfortable, user-friendly products and services
that simplify our customers lives and mobility.
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