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Allied Market Research

Mini Bus Market by Propulsion (Electric, Gasoline, Natural Gas, Diesel, and Hybrid), Purpose (Intracity, Intercity, and Others), Body (Body Build, and Purpose Build), Seating Capacity (9 – 15, 16 – 25, and 26 – 35), and End Use (School Bus, Recreational Purpose, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12258
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Sep 2021 | 73 Views
   
Author(s) : Sonia Mutreja
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A minibus is a passenger-carrying vehicle that can carry fewer people than a full-size bus but more people than a multi-purpose minivan. A Minibus has a seating capacity between 8 and 35 seats and is typically front-engine step-entrance vehicles with low floors. The growing corporate trend to move a large group of people more affordably, without sacrificing reliability has enforced many companies to add minibus services to their company. At the same time, the ever growing need for public transport for complex road networks is foreseen to enforce the demand for minibus in the global market over the forecast period. Owing to the cost-effective price range and higher degree of customizability, the purpose build type minibus is gaining traction among various end users. China is expected to be the fastest growing region over the forecast period.

Market scope and structure analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Propulsion, Purpose, Body, Seating Capacity, End User, and Region

 Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, U.K, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa)

 Companies covered

Woodall Nicholson Limited (Mellor Coachcraft), Carrocerias Ferqui, Unidad de Vehículos Industriales, Integralia Movilidad, Car-bus.net, CaetanoBus, Mussa & Graziano srl, Al Fahim Group (Erduman Automotive), Komvek Karoser Limited Sirketi, and Brian Noone Limited.


COVID-19 Impact analysis

The coronavirus pandemic has spread rapidly across the globe, causing a complete halt in daily routines and deploying global resources. The effects of coronavirus are also seen in the public transport sector as government norms such as lockdowns and social distancing needs to be followed. Additionally, the availability of drivers has become a challenge due to the threat of getting infected by the virus. Besides, consumer preference has shifted towards personal mobility and would avoid public transport for some time. These factors would affect the mini bus market globally.

Top Impacting Factors

  • An increase in the use of the public transport vehicle, increase in investment in public transport infrastructure, rise in traffic congestion, and rising demand for recreational activities have fueled the need for compact size buses like mini bus.
  • However, faster modes of public transport such as metro is anticipated to hamper the market growth.
  • Electric mini bus to bolster the market, shuttle services to accelerate growth, and limited parking space in urban areas is fostering the market for mini bus.

The mini bus market trends are as follows:

Electric mini bus to bolster the market

the rise in concerns for environmental degradation due to harmful emissions from vehicles, the automakers and governments are promoting the use of alternative fuel in order to reduce the greenhouse effect. As a result, the manufacturing and sales of the electric mini bus have paced in recent years. Additionally, OEMs are investing heavily in the development of electric mini bus. In June 2021, Hyundai Motor Company has launched its very first AC electric mini bus for intra city travel in India. The company is aiming to target daily and tourist commuters in India.

Shuttle services to accelerate growth

Shuttle Services are the type of bus services that primarily intend is to transport passengers to and from places. A shuttle service can eliminate many risk factors such as getting lost, missing a meeting, etc. As shuttle services offer stress-free travel due to reduced hassle of driving, thus the demand for mini buses is rising. Additionally, increasing adoption of mini bus for shuttle services is fueling the market. Moreover, online platforms have increased the adoption of shuttle services. For instance, Uber is planning to start a bus shuttle service in India. The company had previously launched the service in Egypt in 2018 and expanded it to several cities in West Asia and Latin America. Also, in July 2021, Pune Municipal Corporation (PMC) has launched its intra city mini bus services connecting all major areas of city. Thus, shuttle service propel the market for mini bus.

Rising demand for recreational activities

Touring activities and a rising trend of growing expenditure on leisure and sports, is likely to spur the demand for minibus for recreational purposes. Prospects of minibus for recreational purposes are expected to grow significantly with growing demand for low emission and high performance vehicles that can be used in rough terrains and adverse environment conditions, which has diverted the focus of manufacturers of minibus for recreational purposes towards sustainable designs and technologies.

Key segments covered:

Segments

Sub-segments

 Propulsion

  • Electric
  • Gasoline
  • Natural Gas
  • Diesel
  • Hybrid

 Purpose

  • Intracity
  • Intercity
  • Others

 Body

  • Body Build
  • Purpose Build

 Seating Capacity

  • 9 – 15
  • 16 – 25
  • 26 – 35

 End Use

  • School Bus
  • Recreational Purpose
  • Others

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the mini bus market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the mini bus market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the mini bus market growth scenario.
  • The report provides a detailed mini bus market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the mini bus market research report:

  • Which are the leading market players active in the mini bus market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the mini bus market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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