Outlook 2023: Top 5 Predictions for the Global Bus and Coach Industry Market

Frost & Sullivan’s mobility team tracks the global commercial vehicle (CV) market to generate deep-dive analysis on the shift towards zero-emission buses and the implications of new technologies on the passenger transportation landscape of the future. The commercial mobility practice evaluates applications in the global transit and coach buses space. The Top 5 for 2023: Predictions for the Global Bus and Coach Industry identifies key trends related to evolving customer requirements, a fluid macro-economic scenario, and emerging technologies spurred by the demand for greater convenience, flexibility, and affordability. In addition, the analysis covers competitive trends shaped by the need to boost innovation through portfolio expansion and strategic partnerships.

Traditional OEMs in various regions are expanding their product portfolios to include battery-electric and fuel-cell buses in the transit segment. In the bus segment, strong collaborations and partnerships are forming among incumbent automakers, suppliers, and new participants striving to enter the market. A relatively lower total cost of ownership for electric buses compared to diesel buses and the push to develop charging infrastructure will drive the adoption of electric buses across different regions.