A minibus is a vehicle widely used for picking and dropping school kids, office employee, hospital staff etc. Seating capacity of these buses generally ranges from 9 to 25 people. Each bus is designed and manufactured considering the purpose for which it is going to be used. It can have an internal combustion engine or it can also operate on battery. Minibuses are popularly utilized as transit buses, public transport, large taxicabs and shared taxis. Demand for minibuses is expected to rise remarkably in upcoming years.
MARKET SCOPE
The "Global Minibus Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the minibus market with detailed market segmentation by propulsion, seating capacity, end use, and geography. The report provides key statistics on the market status of the leading minibus market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on propulsion, the global minibus market is segmented into electric and ICE.
- On the basis of seating capacity, the market is segmented into up to 9, 10
- 16 and 17
- 25.
- Based on end use, the market is bifurcated into school bus, recreational purpose and others.
MARKET DYNAMICS
Drivers
- Growing requirement for minibuses in various industrial sectors.
- Rising urbanization in many developed countries.
- Increasing awareness regarding sustainable transport solutions
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The minibus market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the minibus market in these regions.
IMPACT OF COVID-19 ON MINIBUS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Due to this pandemic, movement of people from once place to other was reduced drastically. Company gave work from home to many of its employees, wherever it was possible. These all has impacted the demand for minibuses in many parts of the world. However, post pandemic, minibus market is predicted to grow promisingly.
MARKET PLAYERS
The report covers key developments in the minibus market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from minibus market are anticipated to lucrative growth opportunities in the future with the rising demand for minibus in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the minibus market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Daimler AG
- FCA Italy S.p.A.
- Ford Motor Company
- Hyundai Motor Company
- Iveco S.p.A
- MAN Truck and Bus
- Marcopolo S.A.
- Renault SA
- Tata Motors Limited
- Toyota Motor Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.