Luxury Shuttle Bus - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global Luxury Shuttle Bus Market is growing at a CAGR of 11.0% during the forecast period. While the factors like growing environmental concerns and rising awareness related to public transportation benefits are driving the market growth. However, the manufacturing cost of luxury buses is hampering the market growth.
A luxury shuttle bus is a form of transportation that may feature many amenities which are not provided by a standard bus or motor coach. These buses propose better passenger comfort, such as more legroom, or if they have been equipped with facilities and technology, such as kitchens and Internet access, that are not normally present in other types of buses. Luxury shuttle buses typically cost more to charter than a regular bus or coach because the owners usually invest a greater amount of money in them.
Based on the seating capacity, the 36 to 55 passengers segment is estimated to have a lucrative growth during the forecast period due to an increase in the demand for luxury buses with 36 to 55 passenger capacity.
By geography, the Asia Pacific is going to have a huge demand due to the high production of luxury buses and increasing preference for luxury shuttle buses over conventional buses. Also, the availability of large production facilities and a large consumer base has attracted investment by leading manufacturers in this region.
Some of the key players profiled in the Luxury Shuttle Bus Market include Volvo Group, Forest River, Toyota Motor Corporation, Nanjing Gold Dragon, Scania AB, Proterra, NFI Group, Volkswagen AG, Mahindra Group, LGE Coachworks, Isuzu Motors Limited, Grech Motors, Tata Motors, Federal Coach, Daimler AG, CNH Industrial, Blue Bird Corporation, and Ashok Leyland.
Seating Capacities Covered:
• Below 25 Passengers
• 26 to 35 Passengers
• 36 to 55 Passengers
• 56 Passengers & Above
• Alternate Fuels
• Battery Electric Buses
• Hybrid Electric Buses
• Airport Shuttle
• Hospital & Medical Coach
• School Coach
• Tourist Coach/Tourism Coach
• Passenger Transport
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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