Market Overview:
The global shuttle buses 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 shuttle buses from the airport, commuter, and school bus applications. The fuel-powered shuttle buses are expected to dominate the market during the forecast period owing to their low cost and easy availability of fuel as compared to electric and hybrid power vehicles.
Product Definition:
A shuttle bus is a bus that shuttles passengers between two points, usually within a confined area such as an airport or theme park. Shuttle buses are important for moving large numbers of people quickly and efficiently.
Fuel Power:
The fuel power is the engine's ability to convert the energy stored in chemical form into useful forms of energy such as heat and motion. The amount of fuel used for a specific task depends on its type. For instance, if a car has an internal combustion engine, it would be using petrol or diesel to run; whereas if a train has an IC Engine then it would be using steam or electricity as its source of power.
Electric Power:
Electric power is the alternate fuel used in the buses. It is a substitute for diesel and petrol powered vehicles. The electric bus has no combustion engine, instead it has an electric motor that uses rechargeable batteries for power supply to drive wheels via transmission system.
The advantages of using this type of fuel are; less pollution, lower cost than other fuels such as diesel or petrol,.
Application Insights:
The market is segmented by application into airport bus, commuter bus, school bus, and other. The airport buses accounted for the largest share in 2017 owing to the increasing number of air travelers across the globe. Airport authorities or airlines employ these buses to connect passengers from the airports to their destinations. These services are available 24 hours a day and 365 days a year as there are no restrictions on departure and arrival timings during holidays or weekends. The growing trend of online travel agencies has also played an important role in increasing passenger traffic at airports across the world which eventually resulted in boosting demand for shuttle buses at those locations.
The others segment includes corporate vans, sightseeing tours, medical shuttles etc., that ply between specific points instead of between terminals like regular shuttles do. Sightseeing tours plying throughout major cities with stops at tourist places such as museums etc.
Regional Analysis:
The Asia Pacific held the largest share of over 40.0% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing number of airport bus services in India and China. For instance, there are around 1,200 airport buses that ply between airports and cities across India on a daily basis under the brand name of Airport Service Quality (ASQ). Similarly, China has around 2 million school children travelling alone between kindergarten and high school every day where an efficient transport service is needed most; hence many municipal governments have outsourced this job to shuttle buses for these trips.
North America accounted for a significant market share in 2017 owing to growing emphasis on reducing carbon footprint by shifting towards electric vehicles from internal combustion engines (ICEs).
Growth Factors:
- Increasing demand for public transportation: The global population is growing at a rapid pace and this is resulting in increased demand for public transportation. This will benefit the shuttle bus market as more people will use these buses to commute.
- Rising income levels: With rising income levels, people are able to afford better modes of transportation such as shuttle buses. This will lead to an increase in the demand for shuttle buses, thereby boosting the market growth.
- Urbanization: Rapid urbanization is leading to the development of new cities and towns which are in need of efficient modes of transportation such as shuttle buses. This will create opportunities for the shuttle bus market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shuttle Buses Market Research Report
By Type
Fuel Power, Electric Power, Hybrid Power
By Application
Airport Bus, Commuter Bus, School Bus, Other
By Companies
Zhengzhou Yutong Bus, Daimler, Solaris Bus & Coach, Volvo, Ashok Leyland, BYD, New Flyer, Otokar, Scania, Tata Motors, Zhengzhou Yutong Bus, Zhongtong Bus, Zhuhai Guangtong Bus, Nanjing Golden Dragon Bus, DFAC, CRRC, Beiqi Foton Motor, ANKAI, Gillig, Collins Industries, Starcraft Bus, Trans Tech, IC Bus, Thomas Built Buses, Blue Bird Corporation, Girardin Minibus, Lion Bus, Alexander Dennis, Iveco, Ford, FAW, Higer Bus, DEALER SPIKE
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Shuttle Buses Market Report Segments:
The global Shuttle Buses market is segmented on the basis of:
Types
Fuel Power, Electric Power, Hybrid Power
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
Airport Bus, Commuter Bus, School Bus, Other
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:
- Zhengzhou Yutong Bus
- Daimler
- Solaris Bus & Coach
- Volvo
- Ashok Leyland
- BYD
- New Flyer
- Otokar
- Scania
- Tata Motors
- Zhengzhou Yutong Bus
- Zhongtong Bus
- Zhuhai Guangtong Bus
- Nanjing Golden Dragon Bus
- DFAC
- CRRC
- Beiqi Foton Motor
- ANKAI
- Gillig
- Collins Industries
- Starcraft Bus
- Trans Tech
- IC Bus
- Thomas Built Buses
- Blue Bird Corporation
- Girardin Minibus
- Lion Bus
- Alexander Dennis
- Iveco
- Ford
- FAW
- Higer Bus
- DEALER SPIKE
Highlights of The Shuttle Buses 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:
- Fuel Power
- Electric Power
- Hybrid Power
- By Application:
- Airport Bus
- Commuter Bus
- School Bus
- Other
- 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 Shuttle Buses 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.
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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?
Shuttle buses are a type of bus that transports passengers between locations. They are typically smaller than regular buses and have fewer seats, making them better suited for short trips. Shuttle buses can also be used to transport people between different parts of a city or campus.
Some of the major players in the shuttle buses market are Zhengzhou Yutong Bus, Daimler, Solaris Bus & Coach, Volvo, Ashok Leyland, BYD, New Flyer, Otokar, Scania, Tata Motors, Zhengzhou Yutong Bus, Zhongtong Bus, Zhuhai Guangtong Bus, Nanjing Golden Dragon Bus, DFAC, CRRC, Beiqi Foton Motor, ANKAI, Gillig, Collins Industries, Starcraft Bus, Trans Tech, IC Bus, Thomas Built Buses, Blue Bird Corporation, Girardin Minibus, Lion Bus, Alexander Dennis, Iveco, Ford, FAW, Higer Bus, DEALER SPIKE.
The shuttle buses 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 Shuttle Buses 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 Shuttle Buses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shuttle Buses 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 Shuttle Buses 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 Shuttle Buses Market Size & Forecast, 2018-2028
4.5.1 Shuttle Buses Market Size and Y-o-Y Growth
4.5.2 Shuttle Buses Market Absolute $ Opportunity
Chapter 5 Global Shuttle Buses 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 Shuttle Buses Market Size Forecast by Type
5.2.1 Fuel Power
5.2.2 Electric Power
5.2.3 Hybrid Power
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Shuttle Buses 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 Shuttle Buses Market Size Forecast by Applications
6.2.1 Airport Bus
6.2.2 Commuter Bus
6.2.3 School Bus
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shuttle Buses 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 Shuttle Buses 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 Shuttle Buses Analysis and Forecast
9.1 Introduction
9.2 North America Shuttle Buses 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 Shuttle Buses Market Size Forecast by Type
9.6.1 Fuel Power
9.6.2 Electric Power
9.6.3 Hybrid Power
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 Shuttle Buses Market Size Forecast by Applications
9.10.1 Airport Bus
9.10.2 Commuter Bus
9.10.3 School Bus
9.10.4 Other
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 Shuttle Buses Analysis and Forecast
10.1 Introduction
10.2 Europe Shuttle Buses 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 Shuttle Buses Market Size Forecast by Type
10.6.1 Fuel Power
10.6.2 Electric Power
10.6.3 Hybrid Power
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 Shuttle Buses Market Size Forecast by Applications
10.10.1 Airport Bus
10.10.2 Commuter Bus
10.10.3 School Bus
10.10.4 Other
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 Shuttle Buses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Shuttle Buses 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 Shuttle Buses Market Size Forecast by Type
11.6.1 Fuel Power
11.6.2 Electric Power
11.6.3 Hybrid Power
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 Shuttle Buses Market Size Forecast by Applications
11.10.1 Airport Bus
11.10.2 Commuter Bus
11.10.3 School Bus
11.10.4 Other
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 Shuttle Buses Analysis and Forecast
12.1 Introduction
12.2 Latin America Shuttle Buses 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 Shuttle Buses Market Size Forecast by Type
12.6.1 Fuel Power
12.6.2 Electric Power
12.6.3 Hybrid Power
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 Shuttle Buses Market Size Forecast by Applications
12.10.1 Airport Bus
12.10.2 Commuter Bus
12.10.3 School Bus
12.10.4 Other
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) Shuttle Buses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Shuttle Buses 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) Shuttle Buses Market Size Forecast by Type
13.6.1 Fuel Power
13.6.2 Electric Power
13.6.3 Hybrid Power
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) Shuttle Buses Market Size Forecast by Applications
13.10.1 Airport Bus
13.10.2 Commuter Bus
13.10.3 School Bus
13.10.4 Other
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 Shuttle Buses Market: Competitive Dashboard
14.2 Global Shuttle Buses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zhengzhou Yutong Bus
14.3.2 Daimler
14.3.3 Solaris Bus & Coach
14.3.4 Volvo
14.3.5 Ashok Leyland
14.3.6 BYD
14.3.7 New Flyer
14.3.8 Otokar
14.3.9 Scania
14.3.10 Tata Motors
14.3.11 Zhengzhou Yutong Bus
14.3.12 Zhongtong Bus
14.3.13 Zhuhai Guangtong Bus
14.3.14 Nanjing Golden Dragon Bus
14.3.15 DFAC
14.3.16 CRRC
14.3.17 Beiqi Foton Motor
14.3.18 ANKAI
14.3.19 Gillig
14.3.20 Collins Industries
14.3.21 Starcraft Bus
14.3.22 Trans Tech
14.3.23 IC Bus
14.3.24 Thomas Built Buses
14.3.25 Blue Bird Corporation
14.3.26 Girardin Minibus
14.3.27 Lion Bus
14.3.28 Alexander Dennis
14.3.29 Iveco
14.3.30 Ford
14.3.31 FAW
14.3.32 Higer Bus
14.3.33 DEALER SPIKE
