Bus Services Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[225+ Pages Report] According to the report published by Facts Factors, the global bus services market size was worth around USD 8,700 Million in 2019 and is predicted to grow to around USD 11,000 Million by 2026 with a compound annual growth rate (CAGR) of roughly 4.0% between 2020 and 2026. The report analyzes the global bus services market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the bus services market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the bus services industry. The report analyzes and declares the historical and current trends analysis of the bus services industry and subsequently recommends the projected trends anticipated to be observed in bus services during the upcoming years.

Key Insights from Primary Research

• According to our primary respondents, the global bus services market is expected to grow at an approximate CAGR of 4.0% over the projected period.
• The global bus services market growth is directly attributable to the increase in the number of bus commuters around the world
• On the basis of the type, the large bus type segment accounted for a major share of 70% in the global bus services market in 2019
• Based on geography, Asia Pacific dominated the global bus services market in 2019 and is expected to grow at the fastest rate while recording a CAGR of nearly 5.0% till 2026
• Based on the application, the specialist services segment is expected to record the fastest growth over the projected period, registering a CAGR of 4.5% till 2026.

Key Recommendations from Analysts

• According to our analysts, the increase in the number of bus travelers in urban parts is expected to grow in years to come due to an increase in the number of private bus service providers, which is likely to drive the market.
• Based on application, urban transport bus services held the second-largest share in the global bus services market accounting for a market share of nearly 30% in 2019.
• Densely populated urban cities of China and India have been a key factor that has resulted in a large number of bus commuters in such parts, in turn, propelling the market growth.
• Based on region, Europe held the second-largest share in the global bus services market in 2019, accounting for a market share of nearly 25%.
• Our analysts also estimate that the global bus services market is likely to reach a market value of USD 11,000 million by 2025 and was valued at USD 8,700 million in 2019.

The bus services report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire bus services market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the bus services industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the bus services industry. The report provides an all-inclusive and detailed competitive landscape prevalent in bus services.

Report Scope

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the bus services industry. The bus services report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the bus services sector. Key strategic developments in the bus services competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the bus services are appropriately highlighted in the report.

The bus services research report delivers an acute valuation and taxonomy of the bus services industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the bus services industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the bus services industry is provided for the leading economies of the world.

Bus transition has become one of the important parts of public transport all around the world. Bus service is the most common type of public transport used all around the world. Bus services have gained popularity among the middle-class and lower-middle-class populations due to the low cost and flexibility of bus transit. With the efficient design of public transport, bus services can be a more efficient and convenient replacement for private cars or vehicles.

In the last decades, government planning authorities have emphasized reducing the dependency on private automobile transit in urban cities, to avoid traffic congestion, and reduce air pollution in urban cities. This has influenced governments and federal authorities to invest in bus services and improve bus service planning. This has improved the efficiency of bus services. In turn, this drives the global bus services market. However, the use of personal vehicles for commutation is still favored by many urban populations, which is likely to hamper the global bus services market.

The bus services are segmented based on type, application, and region. On the basis of type, the bus services market is classified into the light and medium type and large types. Based on the application, the bus services market is classified into urban transport, long-distance transport, and specialist services.

Some of the essential players operating in the bus services, but not restricted to include 

• Shuttl
• ZipGo
• CityFlo
• Beeline
• DidiBus

The taxonomy of the bus services market by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Light and Medium Type
• Large Type
• Urban Transport
• Long Distance Transport
• Specialist Services

By Application Segmentation Analysis

• Urban Transport
• Long Distance Transport
• Specialist Services

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa