Geopolitical crises and high inflation prompted most central banks to raise interest rates in 2022, derailing the post-pandemic recovery. Energy costs increased manifold, impacting demand- and supply-side participants equally. Oil prices reached record highs as countries cut dependency on Russian imports, with the price of Brent crude oil reaching $123 per barrel in early March 2022 and continuing to average above $100 through October 2022.
In this report, Frost & Sullivan covers the global transit and coach bus market for North America, Europe, China, India, and Latin America. The study period is 2022–2023, with 2022 as the base year and 2023 as the forecast year.
The size of the global bus market in 2022 was approximately 180,248 units. Frost & Sullivan estimates it to grow to about 180,610 units in 2023, recording a year-over-year rate of 0.2%. The economic downturn, repeated pandemic waves, and the termination of electric vehicle purchase subsidy will weigh heavily on the Chinese market, resulting in negative growth and countering the robust growth registered across all regions.
Zero-emission powertrains in transit buses have gained momentum across Europe, North America, India, and Latin America. The Inflation Reduction Act in the United States will provide $1.97 billion of competitive grants for bus and bus facilities over 5 years. The extension of the Alternative Fuels Excise Tax Credit and the new Clean Hydrogen Tax Credit in the United States will lower the fuel costs of using zero-emission vehicles. At country and city municipal levels, Latin American governments set goals toward sustainable urban transportation favoring electric bus adoption. The Zero Emission Bus Rapid-deployment Accelerator (ZEBRA) partnership has been instrumental in deploying zero-emission buses in major Latin American cities. In Europe, proposed revisions to carbon dioxide emission standards in February 2023 includes a 100% zero-emission target for city buses for 2030.
Other information includes:
• Notable regulations and mandates
• Global economic outlook
• Top market trends and impact by region
• In-depth coverage of North America, Europe, Latin America, China, and India
• Powertrain technology share by region, including electric and natural gas vehicles
• Powertrain technology product portfolio of different OEMs
• Growth opportunities
Author: Saideep Sudhakar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Bus Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings: A Recap of 2022
Notable Regulations and Mandates: A Snapshot
Global Bus Powertrain Outlook
Snapshot by Region in 2023
Key Findings: Top 5 Predictions for 2023
Research Scope
Product and Technology Segmentation
Top 5 Global Economic Highlights of 2022
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
Top Trends Driving the Global Bus and Coach Market
Impact of Trends by Region
Trend 1: Emergence of Fuel Cell Buses
Trend 2: Rise of ADAS in Public Transportation
Trend 3: eBus Telematics Adoption Among Operators
Trend 4: Growing Zero-emission Buses in the School Segment
Trend 5: Commercialization of Autonomous Shuttles
Forecast Overview
Global Transit and Coach Bus Forecast by Region
2023 Bus Powertrain Technology Forecast
Regional Snapshot
Quarterly Bus Sales
Powertrain Technology Share
2022 Bus OEM Sales Performance
OEM Powertrain Technology Platforms
Regional Snapshot
Quarterly Bus Sales
Powertrain Technology Share
2022 Bus OEM Sales Performance
OEM Powertrain Technology Platforms
OEM Powertrain Technology Platforms (continued)
Regional Snapshot
Quarterly Bus Data
Powertrain Technology Share
2022 Bus OEM Sales Performance
OEM Powertrain Technology Platforms
Regional Snapshot
Quarterly Bus Data
Powertrain Technology Share
2022 Bus OEM Sales Performance
OEM Powertrain Technology Platforms
Regional Snapshot
Quarterly Bus Data
Powertrain Technology Share
2022 Bus OEM Sales Performance
OEM Powertrain Technology Platforms
Electrification
eBus Telematics
ADAS
Autonomous Shuttles
Growth Opportunity 1: Zero-emission Transportation Gains Prominence Across Alternative Powertrains
Growth Opportunity 1: Zero-emission Transportation Gains Prominence Across Alternative Powertrains (continued)
Growth Opportunity 2: Lower Total Cost of Ownership (TCO) to Expedite Alternative Powertrain Adoption
Growth Opportunity 2: Lower TCO to Expedite Alternative Powertrain Adoption (continued)
Growth Opportunity 3: Expanding Revenue Opportunities for Value Chain Participant Growth
Growth Opportunity 3: Expanding Revenue Opportunities for Value Chain Participant Growth (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
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List of Figures- Bus Market Outlook: Powertrain Standard Overview, Global, 2022-2025
- Buses: Unit Shipment Forecast by Region, Global, 2023
- Bus and Coach Market Trends, Global, 2023
- Bus Trends Across Regions, Global, 2023
- Buses: Transit and Coach Bus Unit Shipment, Global, 2022 and 2023
- Transit Bus: Unit Shipment Forecast, Global, 2022 and 2023
- Coach: Unit Shipment Forecast, Global, 2022 and 2023
- Buses: Powertrain Technology Forecast, Global, 2023
- Buses: Quarter-over-quarter Sales, North America, 2020-2022
- Buses: Powertrain Technology Share, North America, 2022-2023
- Buses: OEM Performance, North America, 2022
- Buses: OEM Powertrain Platform, North America, 2022-2026
- Buses: Quarter-over-Quarter Sales, Europe, 2020-2022
- Buses: Powertrain Technology Share, Europe, 2022-2023
- Buses: Bus OEM Performance, Europe, 2022
- Buses: OEM Powertrain Platform, Europe, 2022-2026
- Buses: Quarter-over-Quarter Sales, China, 2020-2022
- Buses: Powertrain Technology Share, China, 2022-2023
- Buses: Bus OEM Performance, China, 2022
- Buses: OEM Powertrain Platform, China, 2022-2026
- Buses: Quarter-over-Quarter Sales, India, 2020-2022
- Buses: Powertrain Technology Share, India, 2022-2023
- Buses: OEM Performance, India, 2022
- Buses: OEM Powertrain Platform, India, 2022-2026
- Buses: Quarter-over-Quarter Sales, Latin America, 2020-2022
- Buses: Powertrain Technology Share, Latin America, 2022-2023
- Buses: OEM Performance, Latin America, 2022
- Buses: OEM Powertrain Platform, Latin America, 2022-2026
- Key Developments in Electrification—Design Evolution, 2023
- Key Developments in eBus Telematics—Design Evolution, 2023
- Key Developments in ADAS—Design Evolution, 2023
- Key Developments in Autonomous Shuttles—Design Evolution, 2023
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Saideep Sudhakar |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Global Bus Market |
| Keyword 2 | Transit and Coach Bus Market |
| Keyword 3 | Transit And Ground Passenger Transport Market |
| List of Charts and Figures | Bus Market Outlook: Powertrain Standard Overview, Global, 2022-2025~ Buses: Unit Shipment Forecast by Region, Global, 2023~ Bus and Coach Market Trends, Global, 2023~ Bus Trends Across Regions, Global, 2023~ Buses: Transit and Coach Bus Unit Shipment, Global, 2022 and 2023~ Transit Bus: Unit Shipment Forecast, Global, 2022 and 2023~ Coach: Unit Shipment Forecast, Global, 2022 and 2023~ Buses: Powertrain Technology Forecast, Global, 2023~ Buses: Quarter-over-quarter Sales, North America, 2020-2022~ Buses: Powertrain Technology Share, North America, 2022-2023~ Buses: OEM Performance, North America, 2022~ Buses: OEM Powertrain Platform, North America, 2022-2026~ Buses: Quarter-over-Quarter Sales, Europe, 2020-2022~ Buses: Powertrain Technology Share, Europe, 2022-2023~ Buses: Bus OEM Performance, Europe, 2022~ Buses: OEM Powertrain Platform, Europe, 2022-2026~ Buses: Quarter-over-Quarter Sales, China, 2020-2022~ Buses: Powertrain Technology Share, China, 2022-2023~ Buses: Bus OEM Performance, China, 2022~ Buses: OEM Powertrain Platform, China, 2022-2026~ Buses: Quarter-over-Quarter Sales, India, 2020-2022~ Buses: Powertrain Technology Share, India, 2022-2023~ Buses: OEM Performance, India, 2022~ Buses: OEM Powertrain Platform, India, 2022-2026~ Buses: Quarter-over-Quarter Sales, Latin America, 2020-2022~ Buses: Powertrain Technology Share, Latin America, 2022-2023~ Buses: OEM Performance, Latin America, 2022~ Buses: OEM Powertrain Platform, Latin America, 2022-2026~ Key Developments in Electrification—Design Evolution, 2023~ Key Developments in eBus Telematics—Design Evolution, 2023~ Key Developments in ADAS—Design Evolution, 2023~ Key Developments in Autonomous Shuttles—Design Evolution, 2023~ |
| Podcast | No |
| WIP Number | K8A3-01-00-00-00 |
Global Transit and Coach Bus Growth Outlook, 2023
Strong Growth for Zero-emission Buses in Europe and North America, but the Global Bus Market to Shrink Due to China
06-Jun-2023
North America
Market Outlook