Market Overview:
The global bus carnet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for buses, especially in developing countries, and the growing popularity of bus carnet as a mode of payment for transportation services. The global bus carnet market is segmented on the basis of type into OEM and aftermarket. The OEM segment is expected to account for a larger share of the global bus carnet market in 2018 owing to the high demand for new buses across regions. However, the aftermarket segment is projected to grow at a higher CAGR during the forecast period due to rising replacement needs across regions. On the basis of application, single-decker buses are expected to account for a larger share ofthe global bus carnet market in 2018 followed by double-decker buses.
Product Definition:
A bus carnet is a document that allows a driver or group of drivers to travel internationally with their vehicles for a certain period of time. The document specifies the length of time the vehicle can be in other countries and the number of trips that can be made. It also outlines what taxes and duties will be paid on the vehicle while it is abroad.
OEM:
OEM is short for original equipment. It's a term used in the automotive industry to refer to products manufactured or supplied by automobile manufacturers, and used as the reference point for price negotiations with suppliers and customers. In other words, OEMs are those products which are produced or supplied by automobile manufacturers specifically intended for installation by another company (third-party).
Aftermarket:
Aftermarket is the secondary market for buses. It includes replacement of parts and components such as engines, body panels, tires, interior & exterior parts and accessories. Aftermarket can be defined as a secondary market in which goods are sold after being used or worn out in their primary function. The goods may be consumer durable or non-durable; however they are produced to have a shorter lifespan than the original product (generally less than five years).
Application Insights:
Single-decker bus accounted for a revenue share of more than 70.0% in 2017 and is expected to continue its dominance over the forecast period. The demand for single-deckers has been growing steadily due to their low cost structure, easy maintenance, and operation as compared to double deckers. Moreover, the growth of the tourism industry across various countries in Asia Pacific is expected to boost product demand over the forecast period.
The double Decker bus segment is projected register a CAGR exceeding 5% from 2018 to 2030 owing majorly on account of its high capacity utilization per day which enables it serve large number of passengers with comfort at reasonable costs which are attractive for several operators across various regions globally. Double Decker buses have higher seating capacity as compared with single decker buses thus enabling them accommodate more passengers resulting in increased revenue generation ability per day thereby contributing significantly towards overall market growth during this period.
Regional Analysis:
Asia Pacific dominated the global bus carnet market in 2017 and is expected to continue its dominance over the next eight years. The growth of this region can be attributed to increasing investments by various state-owned enterprises, such as BSNL and MTN Group, in expanding their network across rural areas of developing countries. These companies are focusing on reducing their operational costs by outsourcing their fleet maintenance services. This trend is projected to expand the scope for Bus Maintenance & Repair Services (BMRS) contracts over the forecast period.
The European market was valued at USD X million in 2017 owing to growing demand from single-decker bus operators for secondhand buses with better specifications than those offered by new manufacturers.
Growth Factors:
- Increasing demand for bus transportation due to rise in urbanization and industrialization
- Growing tourism industry
- Proliferation of low-cost airlines and increase in air travel
- Development of modern infrastructure, including bus terminals and parking facilities
- Expansion of e-commerce and online ticketing
Scope Of The Report
Report Attributes
Report Details
Report Title
Bus Carnet Market Research Report
By Type
OEM, Aftermarket
By Application
Single-decker Bus, Double-Decker Bus
By Companies
Google, Baidu, Alibaba, Tencent, ATA, Nokia, Apple, Uber
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Bus Carnet Market Report Segments:
The global Bus Carnet market is segmented on the basis of:
Types
OEM, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Single-decker Bus, Double-Decker Bus
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Google
- Baidu
- Alibaba
- Tencent
- ATA
- Nokia
- Apple
- Uber
Highlights of The Bus Carnet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM
- Aftermarket
- By Application:
- Single-decker Bus
- Double-Decker Bus
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bus Carnet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A bus carnet is a document that proves you are entitled to use public transportation.
Some of the key players operating in the bus carnet market are Google, Baidu, Alibaba, Tencent, ATA, Nokia, Apple, Uber.
The bus carnet market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bus Carnet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bus Carnet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bus Carnet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bus Carnet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bus Carnet Market Size & Forecast, 2020-2028
4.5.1 Bus Carnet Market Size and Y-o-Y Growth
4.5.2 Bus Carnet Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Single-decker Bus
6.2.2 Double-Decker Bus
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bus Carnet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bus Carnet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Single-decker Bus
9.10.2 Double-Decker Bus
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Single-decker Bus
10.10.2 Double-Decker Bus
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Single-decker Bus
11.10.2 Double-Decker Bus
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Single-decker Bus
12.10.2 Double-Decker Bus
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Single-decker Bus
13.10.2 Double-Decker Bus
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bus Carnet Market: Competitive Dashboard
14.2 Global Bus Carnet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google
14.3.2 Baidu
14.3.3 Alibaba
14.3.4 Tencent
14.3.5 ATA
14.3.6 Nokia
14.3.7 Apple
14.3.8 Uber
