Market Overview:
The global tours and 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 private charter services and rising number of tourists across the globe. In terms of type, the fuel-powered segment is expected to dominate the global tours and shuttle buses market during the forecast period. However, electric power-powered vehicles are anticipated to witness highest growth rate over the forecast period owing to stringent emission norms being implemented by various governments across different regions. In terms of application, commercial applications are projected to account for majority share in global tours and shuttle buses market during 2018–2030 owing higher adoption rates in developed countries such as U.S., Canada, Germany, France etc.
Product Definition:
Tour buses and shuttle buses are important for transporting people to different tourist destinations. They can be used for city tours, day trips, and airport transfers.
Fuel Power:
The fuel power is the engine's ability to convert the energy derived from fuel into useful mechanical work. The more efficient a vehicle's engine, the more power it will generate and this is one of its key factors that separate vehicles from each other.
In conventional internal combustion engines, gasoline or diesel are used as fuels for engines that produce mechanical work by spinning crankshafts.
Electric Power:
Electric power is the rate at which electricity is generated or consumed. The electric power in tours and shuttle buses market can be used for various applications such as charging batteries, powering motors, and lighting. It can also be converted into other forms of energy such as heat and light.
Electricity generation from renewable sources has been increasing rapidly over the past few years globally owing to growing demand for green fuel across the world coupled with stringent government regulations on usage of fossil fuels.
Application Insights:
The private charter segment dominated the global tours and shuttle buses market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to an increase in demand for customized services on a budget trip basis as compared to commercial air-conditioned bus services. For instance, individuals or groups preferring low-cost options prefer private charters as these are more economical than conventional air-conditioned buses on a per capita basis owing to economies of scale operating at lower cost levels.
Moreover, growing preference among individuals and groups for adventure travel is expected to boost the product demand from 2018 to 2030 owing to increasing number of adventure travel companies focusing on providing unique experiences that are hard or impossible with regular public transport schedules such as those offered by rail service providers along with their scheduled airlines at affordable prices without compromising upon safety and security concerns while traveling abroad which is further likely expand the application scope over time.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of international and domestic travel owing to rising disposable income, improved standard of living, and growing population. In addition, rise in demand for air travel as a result of rapid urbanization in emerging countries such as China and India will drive the market further.
Europe was estimated at USD X billion in 2017 owing to high demand from corporate clients traveling between Europe and Asia Pacific region on daily basis for business meetings or leisure trips across countries including Germany, Italy, Turkey among others which are majorly visited tourist destinations every year thus creating significant revenue for operators offering these services over past few years.
Growth Factors:
- Increasing tourism expenditure: The global tourism expenditure is expected to grow at a CAGR of 4.5% during the forecast period, owing to the increasing number of international tourists. This is anticipated to boost the demand for tours and shuttle buses in the market.
- Growing urbanization and rising disposable income: The growth of urban population and their rising disposable income are some of the key factors that are expected to drive the demand for tours and shuttle buses in near future. Additionally, government initiatives towards promoting tourism are also projected to fuel market growth over next few years.
- Proliferation of online booking platforms: The proliferation of online booking platforms has made it easier for consumers to book bus tickets as well as tour packages with just a few clicks on their smartphones or laptops/computers, thereby boosting market growth significantly over last few years.. 4) Rising concerns about safety & security: With terrorist attacks becoming more common across different parts of world, people have become more conscious about their safety while travelling which is driving them towards organized tours instead individual travels; this in turn is propelling market growth significantly over last few years 5) Emerging economies offer lucrative opportunities: A large number from developing countries such as China, India, Brazil etc., offer immense potential for tour operators due high economic development rates accompanied by an increase in purchasing power parity (PPP). This is likely to create new opportunities for players operating in Tours and Shuttle Buses Market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Tours and Shuttle Buses Market Research Report
By Type
Fuel Power, Electric Power, Hybrid Power
By Application
Commercial, Private Charter
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Tours and Shuttle Buses Market Report Segments:
The global Tours and 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
Commercial, Private Charter
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 Tours and 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:
- Commercial
- Private Charter
- 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 Tours and 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?
Tours and shuttle buses are transportation options that allow visitors to explore a destination at their own pace. Tours typically last for an hour or two, while shuttle buses can take people to different locations within a city or town.
Some of the major companies in the tours and 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 tours and shuttle buses 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 Tours and 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 Tours and Shuttle Buses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tours and 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 Tours and 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 Tours and Shuttle Buses Market Size & Forecast, 2018-2028
4.5.1 Tours and Shuttle Buses Market Size and Y-o-Y Growth
4.5.2 Tours and Shuttle Buses Market Absolute $ Opportunity
Chapter 5 Global Tours and 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 Tours and 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 Tours and 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 Tours and Shuttle Buses Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Private Charter
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tours and 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 Tours and 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 Tours and Shuttle Buses Analysis and Forecast
9.1 Introduction
9.2 North America Tours and 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 Tours and 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 Tours and Shuttle Buses Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Private Charter
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 Tours and Shuttle Buses Analysis and Forecast
10.1 Introduction
10.2 Europe Tours and 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 Tours and 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 Tours and Shuttle Buses Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Private Charter
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 Tours and Shuttle Buses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tours and 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 Tours and 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 Tours and Shuttle Buses Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Private Charter
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 Tours and Shuttle Buses Analysis and Forecast
12.1 Introduction
12.2 Latin America Tours and 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 Tours and 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 Tours and Shuttle Buses Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Private Charter
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) Tours and Shuttle Buses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tours and 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) Tours and 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) Tours and Shuttle Buses Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Private Charter
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 Tours and Shuttle Buses Market: Competitive Dashboard
14.2 Global Tours and 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
