Dallas, Texas, Oct. 28, 2022 (GLOBE NEWSWIRE) -- These elements work together to drive the explosive expansion of the worldwide tourist bus market, which is predicted to reach close to USD 71.27 billion by 2029 at an annualized growth rate of 7.4% from 2022 to 2029. Buses and coaches increase social inclusion by giving everyone, including those with low means, those who don't drive, the elderly, those with disabilities, and those who live in distant places, access to healthcare, work, and education. Buses are the most frequently utilized mode of public transportation, providing service to both urban centers and suburban and rural areas. Bus Rapid Transit (BRT) systems are becoming increasingly popular around the world as a more affordable substitute for far more expensive urban rail projects. Long distance travel is made comfortable and affordable for passengers by coaches.
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The tourism industry depends heavily on buses and coaches. Based on seating capacity, the worldwide tourist bus market is divided into 32 seater, 20 seater, 40 seater, and other categories. The 20-seater tourist bus provides comfort and convenience and is reasonably priced in terms of both pricing and service. Most importantly, a 20-seater tourist bus that was just added has a longer suspension span for better riding comfort. Additionally, the demand for the 20 seater tourist bus segment in the global tourist bus market is being driven by the post-pandemic era, an increase in outdoor activities, family vacations, and a developing tourism sector.
Report coverage & details:
| Report Coverage | Details |
| Base Year | 2020 |
| Study Period: | 2019-2029 |
| CAGR | CAGR of 7.4% during 2021-2029 |
| Segment Covered | Fuel Type, Application, Seating Capacity, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Volvo, Tata Motors, Ashok Leyland, Xiamen King Long United, Hengzhou Yutong Bus, Daimler AG, and Traton among others. |
The tourism business has always depended heavily on transportation since it connects visitors to different tourist destinations. Everyone agrees that improved transportation networks lead to greater tourism growth. Underperforming transportation networks are one of the things mentioned. Maintenance of current roads, building new highways, rail tracks, sea and air transportation, building local airports, and improving local flight operations are only a few of the transportation requirements for tourism promotion and development. And it was found that, despite tourists' perceptions of high transit expenditures, security and safety in transportation systems are not awful. If additional work could be done on various transportation system components, tourism development could grow even more. To grow tourism in their areas, all relevant parties must participate.
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According to application, the worldwide tourist bus market is divided into scheduled bus transport, intercity, school transport, tourism, private uses, and others. Among these, the tourism industry had a lot of M&A activity. The future years are expected to see the segment expand the fastest. The benefits of using a tourist bus, including its operational effectiveness, decreased traffic congestion, improved visitor mobility, accessibility to scenic locations, safety, educational opportunities, health benefits, and preservation of natural, cultural, and historical resources, encourage its continued use. Rapid urban population growth and greater focus on developing an efficient bus rapid transit system are expected to drive the market throughout the projected period.
Table of Contents:
1. Introduction
2. Research Methodology
3. Market Outlook
4. Global Tourist Bus Market by Fuel Type, 2019 -2029 (USD Billion)
4.1. Electric
4.2. Petrol
4.3. Diesel
5. Global Tourist Bus Market By Seating capacity, 2019 -2029 (USD Billion) –
5.1. 32 seater
5.2. 20 seater
5.3. 40 seater
5.4. others
6. Global Tourist Bus Market By Application, 2019 -2029 (USD Billion)
6.1. Scheduled Bus Transport
6.2. Intercity
6.3. School Transport
6.4. Tourism
6.5. Private Purposes
6.6. Others
7. Global Tourist Bus Market by Region, 2019-2029 (USD Billion)
• North America
o US
o Canada
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• South America
o Brazil
o Mexico
o Rest of South America
• Middle East & Africa
8. Competitive Landscape
9. Company Profiles
10. Appendix
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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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