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Report Overview
The global bus market value was around USD 52.37 billion in 2024. The market is further estimated to grow in the forecast period of 2025-2034 at a CAGR of 7.9%, to reach nearly USD 103.29 billion by 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Bus Market
The companies specialise in producing a wide range of commercial vehicles, including trucks and buses, designed for applications across various industries. They are actively advancing in electric and autonomous vehicle technologies, aiming to create sustainable transport solutions.
- Anhui Ankai Automobile Company
- Daimler Truck Holding AG
- NFI Group Inc.
- AB Volvo
- Solaris Bus & Coach sp. z o.o.
- Others
Bus Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global bus market attained a value of nearly USD 52.37 billion.
The market is projected to grow at a CAGR of 7.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 103.29 billion by 2032.
The major market drivers include the growing popularity of online ticketing platforms, the rising trend of digital ticketing, and the surging deployment of electric buses.
The key trends guiding the market growth are the integration of the latest technologies such as Big Data in buses, the rising demand for branded buses, and the improvements in public transportation.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The major types of bus in the market are single deck and double deck.
By application, the market is divided into transit bus, intercity/coaches, and others.
Based on fuel type, the market is segmented into diesel, electric and hybrid, and others.
The different segments based on the seat capacity of buses included in the market report are 15-30 seats, 31-50 seats, and more than 50 seats.
The competitive landscape consists of Anhui Ankai Automobile Company, Daimler Truck Holding AG, NFI Group Inc., AB Volvo, and Solaris Bus & Coach sp. z o.o., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124