1. Home
  2. > Automotive
  3. > Motor Vehicle
  4. > Commercial Vehicle Market Trends
Global Coach and Bus Growth Outlook, 2022

Global Coach and Bus Growth Outlook, 2022

  • June 2022
  • 98 pages
  • ID: 6293618
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

The COVID-19 pandemic continued to have a global impact in 2021, with transit and bus operators facing financial constraints as daily commuting declined and people shifted to personalized transport to avoid infections.However, with vaccination drives underway, ridership is likely to increase in 2022.

India and Latin America are candidates for strong growth in 2022, although volumes may be lower than 2019 levels.In developing countries, most of the population working in the informal sector is highly dependent on public transport for daily commute.

They will drive the growth of the transit bus segment. The size of the global bus market in 2021 was approximately 167,218 units. It is estimated to decline to about 165,819 units in 2022, shrinking at a negative year-over-year rate of 0.8%. This decline will predominantly be due to China, where there is a shift in passenger preference from buses to high-speed rail, aviation, and private passenger vehicles, along with a rise in shared mobility, including two-wheeler and carsharing.Zero-emission powertrains in transit buses have gained momentum across Europe, North America, India, and Latin America. The EU Clean Vehicle Directive for EU countries will boost electric bus adoption. In Latin America, Chile, Colombia, Costa Rica, Mexico, Ecuador, and Panama are developing an electromobility strategy to promote zero-emission buses in public transportation. Furthermore, the ZEBRA project will drive the adoption of electric powertrain across various municipalities. In India, FAME II is driving alternate powertrain adoption in intracity and intercity routes across the country and various State Transport Units (STUs). In North America, the Low or No Emission Program, Clean Transit, and Bipartisan Infrastructure Law (BIL) will increase the funding for zero-emission buses. Newer business models in the electric bus market aim to reduce the initial cost gap between electric and Internal Combustion Engine (ICE) buses. The separation of ownership and operation of electric buses, battery leasing, and maintenance will drive the adoption of electric buses.Geopolitical crises along with high inflation will encourage most central banks to raise interest rates, derailing the recovery. In H1 2022, a steep rise in fuel prices, weaker external trade, and supply-chain difficulties arising from the Russia-Ukraine conflict will restrain growth. The slowdown in China, impacting foreign trade and financial markets, will also partially weigh on growth. Traditional OEMs in various regions are expanding their product portfolios to include battery-electric and fuel-cell buses in the transit segment. In the bus market, there are strong collaborations among incumbent automakers, suppliers, and new participants striving to enter the market. A relatively lower total cost of ownership of electric buses compared to diesel buses and the push for developing charging infrastructure will drive the adoption of electric buses across different regions.
Author: Saideep Sudhakar

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Bus Rapid Transit Systems (BRT) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • $ 2499
  • October 2022
  • 143 pages

The global bus rapid transit systems (BRT) market size reached US$ 742 Million in 2021. Looking forward, the analyst expects the market to reach US$ 1,160.6 Million by 2027, exhibiting a growth rate (CAGR) ...

  • World
  • Bus Services
  • Bus
  • Industry analysis
  • Greenhouse Gas Emissions

Global Articulated Bus Industry $ 4950 October 2022


ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on