The market for luxury shuttle buses has been divided into segments according to geography, application, propulsion type, and seating capacity. The luxury shuttle bus market can be divided into three segments based on seating capacity: below 25, between 25, and above 40 passengers.
In the upcoming years, it is predicted that the 25
to 40 Passengers sector would expand at a high CAGR. According to propulsion
type, there are four categories of luxury shuttle buses: battery electric
buses, hybrid electric buses, diesel/gasoline buses, and alternate fuel buses.
The segment for alternative fuels held a sizable share and is expected to
expand at a sizable CAGR in the upcoming years. Corporate, government, school
coach, airport shuttle, hospital & medical coach, tourist coach, and other
applications make up the Luxury Shuttle Bus market.
Market Research Future Insights:
These buses provide greater passenger comfort,
such as more leg room, or if they have been fitted with amenities and
technology that are not typically found in other types of buses, like kitchens
and Internet access. Because the owners typically invest more money in them,
luxury shuttle buses typically cost more to charter than a regular bus or
coach.
Luxury shuttle buses may include an assortment of
features to make them more appealing. One of the most common changes is the
replacement of some or all of the seats with more comfortable or more stylish
seating. Sometimes luxury shuttle buses have much less seating than a regular
bus to give passengers more leg room or to make space for other interior
amenities. Movement of luxury shuttle buses has become a distinct trend across
cosmopolitan cities and towns. The recent uptick in the number of people using
public transport facilities for their daily commutes has sent ripples across
the global market. The use of luxury shuttles has cascaded into multiple
industries including transport, tourism, and aviation. The unprecedented demand
for shuttle buses can largely be attributed to the changing propensities of the
masses.
Market Segmentation:
The market for luxury shuttle buses has been
divided into four regions based on geography: North America, Europe,
Asia-Pacific, and the rest of the globe. Due to the region's high production of
luxury buses and growing preference for them over regular buses, Asia Pacific
held the largest share of the world market for luxury shuttle buses in 2019.
Europe came in second. Additionally, the presence of top manufacturers in both
locations has been a significant role in the increased production. The
availability of huge manufacturing facilities and a sizable consumer base in
Asia Pacific has drawn investment from top firms in the region.
Because major luxury shuttle bus producers like
Toyota Motor Corporation, Volvo AB, Daimler AG, and Volkswagen are present in
Asia Pacific and Europe, those regions have a significant market share.
Key Players:
The Key players in the global
Luxury Shuttle Bus market are ARBOC Specialty
Vehicles, LLC, Daimler AG, Forest River, Inc., Grech Motors, Isuzu Motors Ltd.,
LGE Coachworks, Proterra Inc., REV Group, Toyota Motor Corporation, and CNH
Industrial N.V.
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