Global Transit and Coach Bus Growth Outlook, 2023

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

RELEASE DATE
06-Jun-2023
REGION
North America
Research Code: K8A3-01-00-00-00
SKU: AU02549-NA-MO_27743
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Description

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

Table of Contents

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)

Legal Disclaimer

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
More Information
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
Podcast No
WIP Number K8A3-01-00-00-00