Market Overview:
The global luxury shuttle bus 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 luxury shuttle buses for passenger transport, school coach, tourism coach, and others applications. Additionally, the rising disposable income of consumers in developing countries is also propelling the growth of the global luxury shuttle bus market. Based on type, the global luxury shuttle bus market can be segmented into seating capacity: 25 passengers and below, seating capacity: 26-35 passengers, seating capacity: 36-55 passengers and 56 passengers and above segments. Among these segments, the 36-55 seats segment is expected to witness highest growth during the forecast period owing to increasing demand from corporate sector for employee transportation services. Regionally speaking North America dominates in terms of revenue contribution followed by Europe in second place while Asia Pacific is projected as fastest growing region over 2018-2030 timeframe with a CAGR 6%.
Product Definition:
A luxury shuttle bus is a type of bus that is used for transportation between destinations. These buses are typically large, and they offer passengers a high level of comfort and convenience. Luxury shuttle buses can be used for both personal and commercial purposes, and they are often hired for special events, such as weddings or corporate functions.
Seating Capacity: 25 Passengers and Below:
Seating capacity is the number of passengers a vehicle can carry. It is usually determined by the size of the bus and its design. The seating capacity of buses should not be confused with that of aircraft, which is determined by the size and shape of an airplane seat.
The demand for luxury shuttles has been growing in recent years due to increasing consumer preference for comfort over cost, as well as changing lifestyles that encourage on-demand services and personalized travel experiences.
Seating Capacity: 26-35 Passengers:
Seat count is a very important factor while purchasing any vehicle. It helps in determining the size of the market for that particular bus. The higher the number, the more passengers can fit in it and thus, more comfortable it is to travel with. Seating capacity also depends upon body type of passengers: average and tall people have different seat capacities. Also, some seating positions are preferable over others depending upon personal preference as well as physical comfort of passengers (standing or sitting).
Application Insights:
The passenger transport segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to increasing demand for luxury shuttle buses from various industries including tourism, airport transfer and corporate events among others. Increasing number of airports across the world has resulted in increased requirement of luxurious bus services for passengers travelling between these airports, which will drive the market growth over the forecast period.
The school coach service segment is expected to register a CAGR exceeding 8% from 2018 to 2030 owing to rising government initiatives encouraging education at rural areas and developing infrastructure at schools across rural areas as part of Make In India initiative by Indian Government late 2016 and early 2017 along with China's plan for 1 million new school buildings by 2020 announced during National Development Plan 2015-19 announced on 29 July 2015 which will boost product demand in Asia Pacific region significantly over next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing demand for luxury shuttles from various application sectors, such as passenger transport and school bus services in U.S., Canada, and Mexico.
Asia Pacific is anticipated to emerge as fastest-growing regional market during the forecast period owing to rapid urbanization and increasing disposable income levels in China.
Growth Factors:
- Increasing disposable income of people in developing countries: The luxury shuttle bus market is expected to grow at a high rate during the forecast period, owing to the increasing disposable income of people in developing countries.
- Growing demand for premium transportation services: The global luxury shuttle bus market is witnessing a high growth due to the growing demand for premium transportation services from corporate and individual customers.
- Proliferation of online booking platforms: The proliferation of online booking platforms has made it easier for customers to book luxury shuttle buses, which is contributing significantly towards the growth of this market.
- Rising popularity of private tours and charters: Private tours and charters are gaining immense popularity among tourists, which is propelling the growth of the global luxury shuttle bus market. 5) Technological advancements in buses: Technological advancements such as GPS navigation systems and Wi-Fi facilities are being incorporated into buses, which is resulting in an increase in their sales globally, thereby driving the growth prospects for this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Shuttle Bus Market Research Report
By Type
Seating Capacity: 25 Passengers and Below, Seating Capacity: 26-35 Passengers, Seating Capacity: 36-55 Passengers, Seating Capacity: 56 Passengers and Above
By Application
Passenger Transport, School Coach, Tourism Coach, Others
By Companies
Volvo, Scania AB, Daimler, Yutong, DFAC, BYD, King Long, Zhong Tong, Foton, ANKAI, CRRC, Guangtong, Nanjing Gold Dragon, NFI Group, Gillig, Tata Motors, Mahindra & Mahindra, Ashok Leyland, Blue Bird Corporation, MAN SE, Unvibus, Grech Motors
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Shuttle Bus Market Report Segments:
The global Luxury Shuttle Bus market is segmented on the basis of:
Types
Seating Capacity: 25 Passengers and Below, Seating Capacity: 26-35 Passengers, Seating Capacity: 36-55 Passengers, Seating Capacity: 56 Passengers and Above
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
Passenger Transport, School Coach, Tourism Coach, Others
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:
- Volvo
- Scania AB
- Daimler
- Yutong
- DFAC
- BYD
- King Long
- Zhong Tong
- Foton
- ANKAI
- CRRC
- Guangtong
- Nanjing Gold Dragon
- NFI Group
- Gillig
- Tata Motors
- Mahindra & Mahindra
- Ashok Leyland
- Blue Bird Corporation
- MAN SE
- Unvibus
- Grech Motors
Highlights of The Luxury Shuttle Bus 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:
- Seating Capacity: 25 Passengers and Below
- Seating Capacity: 26-35 Passengers
- Seating Capacity: 36-55 Passengers
- Seating Capacity: 56 Passengers and Above
- By Application:
- Passenger Transport
- School Coach
- Tourism Coach
- Others
- 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 Luxury Shuttle Bus 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?
Luxury shuttle bus is a type of transportation that provides a comfortable and luxurious ride for passengers. These buses typically have amenities such as air conditioning, Wi-Fi, and comfortable seating. They are often used to transport people between locations in luxury hotels or resorts.
Some of the major players in the luxury shuttle bus market are Volvo, Scania AB, Daimler, Yutong, DFAC, BYD, King Long, Zhong Tong, Foton, ANKAI, CRRC, Guangtong, Nanjing Gold Dragon, NFI Group, Gillig, Tata Motors, Mahindra & Mahindra, Ashok Leyland, Blue Bird Corporation, MAN SE, Unvibus, Grech Motors.
The luxury shuttle bus market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Shuttle Bus 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 Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size & Forecast, 2018-2028
4.5.1 Luxury Shuttle Bus Market Size and Y-o-Y Growth
4.5.2 Luxury Shuttle Bus Market Absolute $ Opportunity
Chapter 5 Global Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size Forecast by Type
5.2.1 Seating Capacity: 25 Passengers and Below
5.2.2 Seating Capacity: 26-35 Passengers
5.2.3 Seating Capacity: 36-55 Passengers
5.2.4 Seating Capacity: 56 Passengers and Above
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size Forecast by Applications
6.2.1 Passenger Transport
6.2.2 School Coach
6.2.3 Tourism Coach
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Shuttle Bus 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 Luxury Shuttle Bus 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 Luxury Shuttle Bus Analysis and Forecast
9.1 Introduction
9.2 North America Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size Forecast by Type
9.6.1 Seating Capacity: 25 Passengers and Below
9.6.2 Seating Capacity: 26-35 Passengers
9.6.3 Seating Capacity: 36-55 Passengers
9.6.4 Seating Capacity: 56 Passengers and Above
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 Luxury Shuttle Bus Market Size Forecast by Applications
9.10.1 Passenger Transport
9.10.2 School Coach
9.10.3 Tourism Coach
9.10.4 Others
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 Luxury Shuttle Bus Analysis and Forecast
10.1 Introduction
10.2 Europe Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size Forecast by Type
10.6.1 Seating Capacity: 25 Passengers and Below
10.6.2 Seating Capacity: 26-35 Passengers
10.6.3 Seating Capacity: 36-55 Passengers
10.6.4 Seating Capacity: 56 Passengers and Above
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 Luxury Shuttle Bus Market Size Forecast by Applications
10.10.1 Passenger Transport
10.10.2 School Coach
10.10.3 Tourism Coach
10.10.4 Others
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 Luxury Shuttle Bus Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size Forecast by Type
11.6.1 Seating Capacity: 25 Passengers and Below
11.6.2 Seating Capacity: 26-35 Passengers
11.6.3 Seating Capacity: 36-55 Passengers
11.6.4 Seating Capacity: 56 Passengers and Above
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 Luxury Shuttle Bus Market Size Forecast by Applications
11.10.1 Passenger Transport
11.10.2 School Coach
11.10.3 Tourism Coach
11.10.4 Others
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 Luxury Shuttle Bus Analysis and Forecast
12.1 Introduction
12.2 Latin America Luxury Shuttle Bus 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 Luxury Shuttle Bus Market Size Forecast by Type
12.6.1 Seating Capacity: 25 Passengers and Below
12.6.2 Seating Capacity: 26-35 Passengers
12.6.3 Seating Capacity: 36-55 Passengers
12.6.4 Seating Capacity: 56 Passengers and Above
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 Luxury Shuttle Bus Market Size Forecast by Applications
12.10.1 Passenger Transport
12.10.2 School Coach
12.10.3 Tourism Coach
12.10.4 Others
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) Luxury Shuttle Bus Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Luxury Shuttle Bus 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) Luxury Shuttle Bus Market Size Forecast by Type
13.6.1 Seating Capacity: 25 Passengers and Below
13.6.2 Seating Capacity: 26-35 Passengers
13.6.3 Seating Capacity: 36-55 Passengers
13.6.4 Seating Capacity: 56 Passengers and Above
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) Luxury Shuttle Bus Market Size Forecast by Applications
13.10.1 Passenger Transport
13.10.2 School Coach
13.10.3 Tourism Coach
13.10.4 Others
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 Luxury Shuttle Bus Market: Competitive Dashboard
14.2 Global Luxury Shuttle Bus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Volvo
14.3.2 Scania AB
14.3.3 Daimler
14.3.4 Yutong
14.3.5 DFAC
14.3.6 BYD
14.3.7 King Long
14.3.8 Zhong Tong
14.3.9 Foton
14.3.10 ANKAI
14.3.11 CRRC
14.3.12 Guangtong
14.3.13 Nanjing Gold Dragon
14.3.14 NFI Group
14.3.15 Gillig
14.3.16 Tata Motors
14.3.17 Mahindra & Mahindra
14.3.18 Ashok Leyland
14.3.19 Blue Bird Corporation
14.3.20 MAN SE
14.3.21 Unvibus
14.3.22 Grech Motors
