Market Overview:
The global bus charter services market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for private and group charter services across the globe. In addition, the rising popularity of bus travel as an alternative mode of transportation is also contributing to the growth of this market. The global bus charter services market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into long-distance charter services and local charter services. Local charters are further classified into private charters and group charters. Group charters are those that cater to a large number of people travelling together for a common purpose such as tourism or business meetings/events etc.). Private charters are those that cater to small groups or individuals travelling for personal reasons such as family holidays or weddings etc.). On the basis of application, it can be segregated into private chartered buses and group chartered buses. Regionally, it can be segmented into North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
A bus charter service is a company that provides buses and drivers for hire. These services are often used for group travel, such as school trips or corporate events.
Long-distance Charter Services:
Long-distance Charter Services (LDS) is a form of bus charter services that involves contracting with a fleet operator to provide buses for non-residential or commercial long-haul routes. The service allows customers to book seats for trips that are longer than the regular distance between two destinations.
The growth factor in the Bus Charter Services market is determined by various factors such as increasing demand from corporate clients, tourism,.
Local Charter Services:
Local charter services are a form of public service that is provided by private operators through a franchise agreement with the local government. The service is usually operated on an ad-hoc basis for specific events or occasions and does not have any continuity. It can be characterized as a type of event chartering wherein the operator has no long-term contract with passengers, which makes it easier to provide last minute bookings and flexible pricing models.
Application Insights:
The private charter services segment dominated the global bus charter services market in 2017, accounting for over 60.0% share of the total revenue. The growth of this segment can be attributed to increasing demand for on-demand service by corporate clients and leisure travelers across the globe. Private charters are costlier than group or shared charters as they provide higher standards of comfort and amenities to passengers. However, rising disposable income levels coupled with a growing preference for luxury travel has led to an increase in demand for private chartered buses among both business travelers and leisure travelers across various regions globally.
The group or shared charter service is expected register significant growth over the forecast period owing to its affordability as compared with private charters which are generally expensive due largely to high operating costs involved in providing such luxury amenities on a commercial level along with lower passenger loads resulting in higher operational costs per passenger mile (cost per seat).
Regional Analysis:
Europe dominated the global market in 2017, accounting for more than 30.0% of the total revenue share. The growth is attributed to increasing demand for on-demand services across major cities and towns at a low cost as well as high convenience. Moreover, rising popularity of budget travel among millennials has resulted in increased demand for such services over conventional modes of transport like air or train.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing number of charter flights between two cities by an airline that offers low-cost fares but charges higher fares for seat reservation and bus seating plan (i.e., premium service). This trend will lead to greater adoption by consumers seeking best value fare options along with flexibility and comfort while traveling long distances within a short time frame at minimal costs per person or group size desired from origin/destination airport(s).
Growth Factors:
- Increasing demand for bus charter services due to rise in tourism and business travel.
- Growing popularity of bus charters as a cost-effective and convenient mode of transportation for large groups.
- Proliferation of online booking platforms for bus charters that make it easier to compare prices and book services.
- Expansion of the global Bus Charter Services market into new geographical regions, such as Latin America and Asia Pacific.
Scope Of The Report
Report Attributes
Report Details
Report Title
Bus Charter Services Market Research Report
By Type
Long-distance Charter Services, Local Charter Services
By Application
Private Charter Services, Group Charter Services
By Companies
Barons Bus, Northwestern Stage Lines, Fullington Auto Bus Co, Golden Touch Transportation, SBI Charters, FirstGroup plc, Stagecoach Group, Quality Assurance Travel, TCS, Chinook Charter Services, Fisher Bus Inc, US Coachways, Rukstela Charters, First Student
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
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Bus Charter Services Market Report Segments:
The global Bus Charter Services market is segmented on the basis of:
Types
Long-distance Charter Services, Local Charter Services
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
Private Charter Services, Group Charter Services
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:
- Barons Bus
- Northwestern Stage Lines
- Fullington Auto Bus Co
- Golden Touch Transportation
- SBI Charters
- FirstGroup plc
- Stagecoach Group
- Quality Assurance Travel
- TCS
- Chinook Charter Services
- Fisher Bus Inc
- US Coachways
- Rukstela Charters
- First Student
Highlights of The Bus Charter Services 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:
- Long-distance Charter Services
- Local Charter Services
- By Application:
- Private Charter Services
- Group Charter Services
- 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 Charter Services 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
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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?
Bus charter services are a great way to get around town without having to worry about parking or traffic. Charter buses can take you anywhere in the city, and they're usually much cheaper than taking a taxi or Uber.
Some of the key players operating in the bus charter services market are Barons Bus, Northwestern Stage Lines, Fullington Auto Bus Co, Golden Touch Transportation, SBI Charters, FirstGroup plc, Stagecoach Group, Quality Assurance Travel, TCS, Chinook Charter Services, Fisher Bus Inc, US Coachways, Rukstela Charters, First Student.
The bus charter services 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 Charter Services 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 Charter Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bus Charter Services 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 Charter Services 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 Charter Services Market Size & Forecast, 2018-2028
4.5.1 Bus Charter Services Market Size and Y-o-Y Growth
4.5.2 Bus Charter Services Market Absolute $ Opportunity
Chapter 5 Global Bus Charter Services 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 Bus Charter Services Market Size Forecast by Type
5.2.1 Long-distance Charter Services
5.2.2 Local Charter Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bus Charter Services 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 Bus Charter Services Market Size Forecast by Applications
6.2.1 Private Charter Services
6.2.2 Group Charter Services
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bus Charter Services 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 Charter Services 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 Bus Charter Services Analysis and Forecast
9.1 Introduction
9.2 North America Bus Charter Services 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 Bus Charter Services Market Size Forecast by Type
9.6.1 Long-distance Charter Services
9.6.2 Local Charter Services
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 Bus Charter Services Market Size Forecast by Applications
9.10.1 Private Charter Services
9.10.2 Group Charter Services
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 Bus Charter Services Analysis and Forecast
10.1 Introduction
10.2 Europe Bus Charter Services 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 Bus Charter Services Market Size Forecast by Type
10.6.1 Long-distance Charter Services
10.6.2 Local Charter Services
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 Bus Charter Services Market Size Forecast by Applications
10.10.1 Private Charter Services
10.10.2 Group Charter Services
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 Bus Charter Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bus Charter Services 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 Bus Charter Services Market Size Forecast by Type
11.6.1 Long-distance Charter Services
11.6.2 Local Charter Services
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 Bus Charter Services Market Size Forecast by Applications
11.10.1 Private Charter Services
11.10.2 Group Charter Services
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 Bus Charter Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Bus Charter Services 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 Bus Charter Services Market Size Forecast by Type
12.6.1 Long-distance Charter Services
12.6.2 Local Charter Services
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 Bus Charter Services Market Size Forecast by Applications
12.10.1 Private Charter Services
12.10.2 Group Charter Services
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) Bus Charter Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bus Charter Services 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) Bus Charter Services Market Size Forecast by Type
13.6.1 Long-distance Charter Services
13.6.2 Local Charter Services
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) Bus Charter Services Market Size Forecast by Applications
13.10.1 Private Charter Services
13.10.2 Group Charter Services
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 Charter Services Market: Competitive Dashboard
14.2 Global Bus Charter Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Barons Bus
14.3.2 Northwestern Stage Lines
14.3.3 Fullington Auto Bus Co
14.3.4 Golden Touch Transportation
14.3.5 SBI Charters
14.3.6 FirstGroup plc
14.3.7 Stagecoach Group
14.3.8 Quality Assurance Travel
14.3.9 TCS
14.3.10 Chinook Charter Services
14.3.11 Fisher Bus Inc
14.3.12 US Coachways
14.3.13 Rukstela Charters
14.3.14 First Student
