Luxury Coaches Market Growth Potential & Forecast, 2026

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Luxury Coaches Market 2020-2026 Growth Forecast
Industry Share Report
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Key Insights Luxury Coaches Market

• With a large population base looking forward to
  travelling comfortably and in a luxurious manner,
  the introduction to luxury coaches has indeed
  opened up tremendous growth opportunities for the
  global market over the years. According to the
  statistics released by the World Tourism
  Organization, international travels globally,
  recorded a growth of 41 per cent in 2019, while
  accounting for an overwhelming share of 1.5
  billion. The record breaking statistics are
  expected to bolster the need for luxury coaches
  in the years to follow, thus offering a positive
  growth prospective to the overall market, which
  is likely to exceed a valuation of 43 billion by
  the end of 2026.

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Continued

• Citing an instance for the same, Proterra, in
  partnership with Belgian coach maker- Van Hool,
  announced in 2017, that it was working towards
  the development of electric motor or luxury
  passenger coaches for facilitating long distance
  travel routes. These coaches, as per company
  officials, would boast of a relatively high
  floor, allowing passengers to be seated
  comfortably while making room for their luggage.
  Such initiatives in the field are expected to
  drive the luxury coaches es industry progression
  at a larger scale in the near future. .

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Major Companies Luxury Coaches Market

• Alexander Dennis Limited
• Anhui Ankai Automobile Co.Ltd
• Beiqi Foton Motor Co. Ltd.
• BYD Co. Ltd.

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Regional Luxury Coaches Market

• Speaking of its worldwide prominence, luxury
  coaches have been witnessing prolific demand from
  the Asia Pacific region, courtesy- the ease of
  rise, convenience, and comparatively lower cost
  travel options offered by luxury buses. Also, not
  to mention, rising investments by government
  authorities to offer comfortable travel
  facilities to the residents have also been
  substantially fueling the regional market growth.

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