(MENAFN- GlobeNewsWire - Nasdaq) The global Buses and Coaches Market, valued at USD 42.3 billion in 2025, is projected to reach USD 66.7 billion by 2034, growing at a CAGR of 5.2%. Driven by urbanization, environmental concerns, and tourism, the market sees significant growth in Asia-Pacific, North America, and Europe. Key trends include the rise of electric, hybrid, and smart buses. Analysis of market segmentation by fuel type, application, and geography reveals opportunities and challenges in this evolving sector.Dublin, June 12, 2025 (GLOBE NEWSWIRE) -- The "Buses and Coaches Market 2025-2034" report has been added to ResearchAndMarkets.com's offering.
Buses And Coaches Market is valued at USD 42.3 billion in 2025. Further the market is expected to grow by a CAGR of 5.2% to reach global sales of USD 66.7 billion in 2034
The buses and coaches market involves the production and distribution of vehicles used for public transportation and private travel. This market is driven by the growing demand for efficient and sustainable transportation solutions. Buses and coaches play a crucial role in urban mobility, intercity travel, and tourism.
Key market segments include city buses, intercity buses, coaches, and school buses. City buses are used for urban transportation. Intercity buses and coaches are used for long-distance travel. School buses are used for transporting students. The market is characterized by ongoing advancements in vehicle design, fuel efficiency, and safety.
Geographically, the buses and coaches market has a global presence, with significant demand in regions with high population density and tourism. Asia-Pacific is the largest market, driven by rapid urbanization and public transportation needs. North America and Europe also have substantial markets, driven by school transportation and tourism.
Key Insights Buses And Coaches Market
Electric Buses: Increasing adoption of electric buses to reduce emissions and improve air quality. Hybrid Buses: Growing demand for hybrid buses as a transitional technology. Smart Buses: Integration of smart technologies for passenger information and fleet management. Luxury Coaches: Increasing demand for luxury coaches for premium travel experiences. Urbanization and Congestion: Rapid urbanization and traffic congestion drive demand for public transportation. Environmental Concerns: Growing environmental concerns drive the adoption of electric and hybrid buses. Tourism Growth: The expanding tourism industry drives demand for coaches. Government Initiatives: Government investments in public transportation drive market growth. High Initial Costs: Electric and hybrid buses require significant upfront investment. Infrastructure Development: Charging infrastructure for electric buses needs to be developed. Competition and Pricing: The market is competitive, with numerous manufacturers offering various models. Regulatory Compliance: Stringent safety and emission regulations must be met.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value (USD) in 2025 | $42.3 Billion |
| Forecasted Market Value (USD) by 2034 | $66.7 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
By Fuel Type
Electric And Hybrid Other Fuel Types
By Application
Personal And Recreational Tourist Other Applications
By Body Built
By Geography
North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA)
Companies Featured
Mercedes-Benz Group AG (formerly Daimler AG) Volkswagen AG CNH INDUSTRIAL N.V. (IVECO subsidiary of CNH Industrial) YUTONG Volvo Hyundai Motor Company Xiamen King Long United Automotive Industry Ashok Leyland Zhongtong Bus ANKAI Daimler India Bharat Benz Mitsubishi Fiat Chrysler Automobiles Scania UD Trucks Corp. Ford Motor Company Toyota Motor Corporation BYD Auto Shaanxi Automobile Group Beiqi Foton Motor Co. SAIC Motor Commercial Vehicle Co. MAN Truck & Bus SE Irizar Solaris VDL Gaz Group NefAZ (KAMAZ affiliate) UAZ Elegantbus Cento Bus Bus Factory Pacific Tur Lux Bus America Vamoose Bus Enel X Brazil PSA Temsa Hafilat Karsan Otokar Tata Motors Cania A
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