Market Overview:
The global private bus service 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 bus services for urban transport, long distance transport, and specialist services. In terms of type, the light and medium type segment is expected to dominate the market during the forecast period owing to its low cost and easy availability. However, large type buses are also gaining popularity due to their high capacity and luxurious features. In terms of application, urban transport dominates the market as it offers an economical and convenient mode of transportation for short-distance travel within cities or towns. Long distance transport is also growing in popularity as it offers a comfortable journey with several amenities such as Wi-Fi connectivity, food service, etc., which are not available in other modes of transportation such as trains or planes.
Product Definition:
A private bus service is a bus service that is provided by a company or organization that is not part of the local or state government. Private bus services are often used to provide transportation for students, employees, or other groups. Private bus services can also be used to provide transportation for special events, such as weddings or concerts.
Light and Medium Type:
Light and medium type service are the two segments in private bus service market. Light type services less than 9 seats, it's used mostly for short distance travel purpose. It can be used as a feeder route or for shuttling passengers from one location to another. Medium type services between 9 seats and 18 seats, it's most common kind of public transport vehicles that can be found in almost all small towns across the globe with slight variation due to local modifications.
Large Type:
Large type is defined as any vehicle with a gross weight rating of more than 12,500 lbs. and the size of the largest vehicle in service in the private bus industry must be large enough to accommodate all wheelchair accessible vehicles. The most common examples include school buses and transit buses.
Application Insights:
The urban transport application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing number of companies providing door-to-door services within a city. For instance, EasyBus provides door-to-door service between airports and major cities across Europe including London, Amsterdam, Paris and Frankfurt among others. Similarly, Ola Cabs provides door to Door Service from/to Airport within India as well as International Airports (into) & Domestic Airports (out) under Prominent Flyer Program.
Specialist services include airport transfers and luxury bus service providers operating on longer routes connecting smaller towns with major cities or tourist destinations along the way offering a more luxurious experience than regular buses would offer while still maintaining lower fares than air travel or taxi would cost passengers making them an ideal choice for leisure travelers looking for an economical mode of transportation between destinations rather than short hops traveling within a city itself.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing disposable income, rising population, and improved economic conditions in countries such as India and China. In addition, supportive government policies for encouraging intercity travel are anticipated to further fuel the demand for private buses in this region. For instance, according to a white paper on tourism released by Indian Ministry of Tourism in 2015 underthe title—India Travel Trends Analysis 2014—it was observed that outstation travel accounted for 18% of total tourist arrivals whereas domestic travels represented 74%. This indicates a shift towards domestic travels by individuals preferring private bus services over other modes of transport owing to their affordability and comfort level.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving to cities, and this is particularly true in developing countries. This creates a larger demand for private bus services as a more efficient and affordable way to get around town.
- Rising income levels: As people’s incomes rise, they are able to afford more expensive transportation options like private buses. This drives growth in the market for private bus services.
- Improved infrastructure: Developing countries are investing heavily in new infrastructure, including better roads and public transportation systems. This makes it easier and faster for people to get around town, which increases demand for private bus services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Private Bus Service Market Research Report
By Type
Light and Medium Type, Large Type
By Application
Urban Transport, Long Distance Transport, Specialist Services
By Companies
Bridj, OurBus, Chariot, DrinBus, Moobil, Europbusways, PostBus
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
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Private Bus Service Market Report Segments:
The global Private Bus Service market is segmented on the basis of:
Types
Light and Medium Type, Large Type
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
Urban Transport, Long Distance Transport, Specialist 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:
- Bridj
- OurBus
- Chariot
- DrinBus
- Moobil
- Europbusways
- PostBus
Highlights of The Private Bus Service 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:
- Light and Medium Type
- Large Type
- By Application:
- Urban Transport
- Long Distance Transport
- Specialist 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 Private Bus Service 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?
Private bus service is a type of transportation that allows individuals to travel between locations without having to rely on public transportation. This type of service can be used for both personal and business purposes.
Some of the key players operating in the private bus service market are Bridj, OurBus, Chariot, DrinBus, Moobil, Europbusways, PostBus.
The private bus service 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 Private Bus Service 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 Private Bus Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Private Bus Service 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 Private Bus Service 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 Private Bus Service Market Size & Forecast, 2018-2028
4.5.1 Private Bus Service Market Size and Y-o-Y Growth
4.5.2 Private Bus Service Market Absolute $ Opportunity
Chapter 5 Global Private Bus Service 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 Private Bus Service Market Size Forecast by Type
5.2.1 Light and Medium Type
5.2.2 Large Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Private Bus Service 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 Private Bus Service Market Size Forecast by Applications
6.2.1 Urban Transport
6.2.2 Long Distance Transport
6.2.3 Specialist Services
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Private Bus Service 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 Private Bus Service 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 Private Bus Service Analysis and Forecast
9.1 Introduction
9.2 North America Private Bus Service 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 Private Bus Service Market Size Forecast by Type
9.6.1 Light and Medium Type
9.6.2 Large Type
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 Private Bus Service Market Size Forecast by Applications
9.10.1 Urban Transport
9.10.2 Long Distance Transport
9.10.3 Specialist 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 Private Bus Service Analysis and Forecast
10.1 Introduction
10.2 Europe Private Bus Service 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 Private Bus Service Market Size Forecast by Type
10.6.1 Light and Medium Type
10.6.2 Large Type
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 Private Bus Service Market Size Forecast by Applications
10.10.1 Urban Transport
10.10.2 Long Distance Transport
10.10.3 Specialist 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 Private Bus Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Private Bus Service 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 Private Bus Service Market Size Forecast by Type
11.6.1 Light and Medium Type
11.6.2 Large Type
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 Private Bus Service Market Size Forecast by Applications
11.10.1 Urban Transport
11.10.2 Long Distance Transport
11.10.3 Specialist 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 Private Bus Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Private Bus Service 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 Private Bus Service Market Size Forecast by Type
12.6.1 Light and Medium Type
12.6.2 Large Type
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 Private Bus Service Market Size Forecast by Applications
12.10.1 Urban Transport
12.10.2 Long Distance Transport
12.10.3 Specialist 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) Private Bus Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Private Bus Service 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) Private Bus Service Market Size Forecast by Type
13.6.1 Light and Medium Type
13.6.2 Large Type
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) Private Bus Service Market Size Forecast by Applications
13.10.1 Urban Transport
13.10.2 Long Distance Transport
13.10.3 Specialist 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 Private Bus Service Market: Competitive Dashboard
14.2 Global Private Bus Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridj
14.3.2 OurBus
14.3.3 Chariot
14.3.4 DrinBus
14.3.5 Moobil
14.3.6 Europbusways
14.3.7 PostBus
