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Minibus Market By Engine (Electric Motor and IC Engine), By Seating Capacity (Upto 10 Seats, 11 - 25 Seats and 26 - 35 Seats), By End Use (School Bus, Recreational Purpose and Others), By Transmission Type (Manual and Automatic): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026

Covid-19

Global Minibus Market Size, Share

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Industry Insights

[197+ Pages Report] According to a Facts and Factors market research report, the global minibus market is projected to reach USD 11.57 Billion by 2026, from USD 8.89 Billion in 2020, and is anticipated to register a CAGR of 4.5% between 2021 and 2026.

logoMarket Overview

A minibus is a vehicle that is commonly used to pick up and drop off school children, office workers, hospital employees, and other individuals. The seating capacity of these buses is usually between 9 and 25 persons. Each bus is designed and built with the intention of being used for a certain function. It can be powered by an internal combustion engine or by a battery. Minibusses are commonly used as public transportation.

Increase in tourism all around the globe, the demand for vehicles with minimum seating capacity and improved features is expected to grow the global market demand. In addition, government mandates regarding environmental concerns are also increasing market growth.

Minibus Market

logoIndustry Growth Factor

According to World Bank data, 54.37 percent of the world's population lived in cities in 2016, and this number is expected to grow at 56.15% by 2020. According to the forecasts, the steady movement in human population from rural to urban regions, combined with global population growth, could add another 2.5 billion people to urban areas by 2050, with Asia and Africa accounting for about 90% of this increase. By 2030, the globe is expected to contain 43 megacities with populations of more than 10 million people, the majority of which will be in developing countries. According to the United Nations, India would have gained 416 million urban people by 2050, while China will have added 255 million. Rapid population growth is more common in undeveloped and emerging countries, particularly in Asia and Africa, necessitating increased transportation infrastructure. As a result of the growing urban population, there is a greater demand for transportation, which has fueled the rise of the worldwide bus industry in recent years. The government is spending heavily in the public sector in order to reduce the number of private automobiles and thereby reduce pollution and enhance air quality. For example, during the presentation of the Union Budget 2021-22 in February 2021, the Indian government proposed a USD 2.43 billion scheme to improve public transportation in urban areas. The administration has indicated that it will endeavor to increase the use of public transportation in metropolitan areas by expanding the city bus service. In 2021, China invested USD 29.52 billion in fixed assets in the transportation sector, which is likely to boost the market growth in the next years.

logoSegmentation Analysis

The global minibus market is segmented into the engine, seating capacity, end-use, and transmission type. The engine segment is categorized into electric motor and IC engine. Based on seating capacity, the market is segmented into up to 10 seats, 11 - 25 seats, and 26 - 35. On this basis, the end-user segment is bifurcated into a school bus, recreational purpose, and others. Based on transmission type, the market is classified into manual and automatic.

logo Report Scope

Report Attribute

Details

Market Size in 2020

USD 8.89 Billion

Projected Market Size in 2026

USD 11.57 Billion

CAGR Growth Rate

4.5%

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Daimler AG, Fiat, Ford, Hyundai, Force, Iveco, MAN Truck and Bus, Marcopolo, Renault, Tata Motors, Toyota, Volvo and Others

Key Segments

Engine, Seating Capacity, End Use, Transmission Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

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logo Regional Analysis

China has been seen gaining a significant revenue share of the industry and is predicted to continue to do so in the coming years. In addition, rising market revenues in India and Japan are likely to fuel expansion. Several technical improvements in the transportation business, together with several innovation methods, will help the bus market gain traction in the Asia Pacific area. Furthermore, several government measures implemented in emerging countries to manage rising pollution levels, as well as increased spending on transportation industry developments, are likely to aid the Asia Pacific market's growth in the coming years.

logo Competitive Players

Some of the key players in the global minibus market are Daimler AG, Fiat, Ford, Hyundai, Force, Iveco, MAN Truck and Bus, Marcopolo, Renault, Tata Motors, Toyota, Volvo, Kingstar, Ashok Leyland, Thomas Built Buses, Dongfeng, Ankai, Zhongtong, Sunlong, Nissan, Peugeot and Citroen among others.

logoBy Engine:

  • Electric Motor
  • IC Engine

logoSeating Capacity:

  • Up to 10 Seats
  • 11 - 25 Seats
  • 26 - 35 Seats

logoEnd-Use:

  • School Bus
  • Recreational Purpose
  • Others

logoTransmission Type:

  • Manual
  • Automatic

logoBy Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • 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

Covid-19

Minibus Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Daimler AG
  • Fiat
  • Ford
  • Hyundai
  • Force
  • Iveco
  • MAN Truck and Bus
  • Marcopolo
  • Renault
  • Tata Motors
  • Toyota
  • Volvo
  • Kingstar
  • Ashok Leyland
  • Thomas Built Buses
  • Dongfeng
  • Ankai
  • Zhongtong
  • Sunlong
  • Nissan
  • Peugeot and Citroen 

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Minibus Market.
According to Facts and Factors research report, the global Minibus Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Minibus Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Minibus Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Minibus Market in North America over coming decade.
The key market participants include xx, xx, xx
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key questions answers

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