The South America Bus & Coach market was valued around USD 2428.00 million in 2021 and is estimated to reach USD 3457.22 million in 2027, registering a CAGR of 6.73% through 2027. The bus & coach market is growing at a rapid rate because of the demand for public transport for daily travel, rising demand for electric vehicles, and its cost-effectiveness.

Buses serve urban, suburban, and rural areas and are the most popular mode of public transportation. Additionally, they are the most economical and adaptable type of public transportation, needing little upfront investment to add additional lines or routes. Moreover, with the concern regarding environmental pollution, manufactures and government are promoting the adoption of the electric vehicle. With low emissions, better driving experience, low operating cost and less maintenance, the electric buses & coaches adoption is increasing at a rapid growth rate. The government is also developing infrastructure to enhance the public transport network in countries.

Governments and organizations around the world implemented unprecedented levels of transportation and mobility restrictions in response to the COVID-19 pandemic. Mobility preferences and behavior are significantly influenced by physical distance. Many individuals will move to a form of transportation that lowers the danger of transmission. Private vehicle owners will use them more frequently, while individuals who previously relied on public transportation may convert to another mode, such as biking or walking.

Increase in Demand of Electric Buses

The electric buses segment increased at the fastest CAGR till 2021. Electric buses and coaches are growing at a rapid rate because of the low emission, no noise pollution, less operating cost, and less maintenance as compared to the diesel/petrol vehicle. In Argentina, Agrale has partnered with the Equipmake to produce the electric bus in the year 2022. In Brazil, Mercedes Benz have started their production of electric buses with goal of operating 2600 electric buses in 2024. On 15 October, 2022 BYD company have launched their bus in Chile with the total fleet of 386 electric buses present in Chile.

Rise in Urban population

The rise in urban population has increased the requirement of bus service in the urban, sub-urban, and highway area. The government has been compelled by the steady increase in urban population to develop Bus Rapid Transport systems that successfully combine the capacity and speed of a metro with the adaptability, lower cost, and simplicity of a bus system. During the forecast period, the market is expected to be driven by an urban population that is expanding quickly and there is a greater emphasis on creating an BRT system.

Older infrastructure

The infrastructure of the buses, with its outdated subsystems, and reactive rather than proactive reaction are challenges facing the bus market. The bus market will be hampered by a lack of independent security systems, such as video surveillance and access control, as well as a coordinated command and control platform that would allow transportation officials to respond to an event.


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Market Segmentation

The South America Bus & Coach Market is segmented on the basis of length, application type (type of buses), by application type (type of usage), by seating capacity, by fuel type, by body type, and by region. Based on length, the market is segmented into 10-12m, 6-8m, 8-10m, and above 12m. Based on application type (type of buses) the market is segmented into motor coach, mid coach mini coach, shuttle bus, double decker). On the basis application type (type of usage), the market is divided into public transport, office bus, school bus, tourist bus. Based on seating capacity (41-50, above 50,31-40, and up to 30),On the basis of fuel type, the market is segmented into diesel, petrol/gasoline, electric and hybrid, alternate fuels, and fuel cells, by body type the market is segmented into customizable and fully built.

Company Profiles

Mercedes-Benz Group AG, Volkswagen AG, Agrale S.A, Industrial Vehicles Corporation (IVECO), The Volvo Group, Hyundai Motor Group, General Motors (Chevrolet), Mitsubishi Fuso Truck and Bus Corporation, Hino Motors Ltd, and King Long United Automotive Industry Co., Ltd are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the south America to increase their customer outreach.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Length

By Application Type (Type of Buses)

By Application Type (Type of Usage)

By Seating Capacity

By Body Type

By Region

Country Scope

Brazil, Argentina, Chile, Peru, Colombia, Ecuador, Uruguay, Bolivia, and Paraguay

Key Companies Profiled

 Mercedes-Benz Group AG, Volkswagen AG, Agrale S.A, Industrial Vehicles Corporation (IVECO), The Volvo Group, Hyundai Motor Group, General Motors (Chevrolet), Mitsubishi Fuso Truck and Bus Corporation, Hino Motors Ltd, King Long United Automotive Industry Co., Ltd

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, South America Bus & Coach Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·          South America Bus & Coach Market, By Length:

    • 10-12m,
    • 6-8m
    • 8-10m
    • Above 12m
  • South America Bus & Coach Market, By Application Type (Types of Buses):
    • Motor coach,
    • Mid coach
    • Mini Coach
    • Shuttle Bus
    • Double decker bus
    • others

·         South America Bus & Coach Market, By Application Type (Type of Usage):

    • Public Transport
    • Office Bus
    • School Bus
    • Tourist Bus
    • others
  • South America Bus & Coach Market, By Seating Capacity:
    • 41-50
    • above 50
    • 31-40
    • up to 30
  • South America Bus & Coach Market, By Fuel Type:
    • Diesel
    • Petrol
    • Electric & Hybrid
    • Alternate fuel
    • Fuel Cell
  • South America Bus & Coach Market, By Body Type:
    • Customizable
    • Fully Built
  • South America Bus & Coach Market, By Region:
    • Brazil
    • Argentina
    • Colombia
    • Peru
    • Chile
    • Ecuador
    • Bolivia
    • Paraguay
    • Uruguay 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the South America Bus & Coach Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary           

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on South America Bus & Coach Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    South America Bus & Coach Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Length

6.2.2.     By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

6.2.3.     By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

6.2.4.     By Seating Capacity (41-50, above 50, 31-40 and up to 30)

6.2.5.     By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

6.2.6.     By Body Type (Customizable, Fully Built)

6.2.7.     By Country (2021)

6.3.  South America Bus & Coach Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Length Type

6.3.2.     Market Mapping & Opportunity by Application Type

6.3.3.     Market Mapping & Opportunity by Application

6.3.4.     Market Mapping & Opportunity by Seating Capacity

6.3.5.     Market Mapping & Opportunity by Fuel type

6.3.6.     Market Mapping & Opportunity by Body type

6.3.7.     Market Mapping & Opportunity by country

7.    South America: Country Analysis

7.1.1.     Brazil Bus & Coach Market Outlook

7.1.1.1.         Market Size & Forecast

7.1.1.1.1.             By Volume

7.1.1.1.2.             By Value

7.1.1.2.         Market Share & Forecast

7.1.1.2.1.             By Length

7.1.1.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.1.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.1.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.1.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.1.2.6.             By Body Type (Customizable, Fully Built)

7.1.2.     Argentina Bus & Coach Market Outlook

7.1.2.1.         Market Size & Forecast

7.1.2.1.1.             By Volume

7.1.2.1.2.             By Value

7.1.2.2.         Market Share & Forecast

7.1.2.2.1.             By Length

7.1.2.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.2.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.2.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.2.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.2.2.6.             By Body Type (Customizable, Fully Built)

7.1.3.     Colombia Bus & Coach Market Outlook

7.1.3.1.         Market Size & Forecast

7.1.3.1.1.             By Volume

7.1.3.1.2.             By Value

7.1.3.2.         Market Share & Forecast

7.1.3.2.1.             By Length

7.1.3.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.3.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.3.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.3.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.3.2.6.             By Body Type (Customizable, Fully Built)

7.1.4.     Peru Bus & Coach Market Outlook

7.1.4.1.         Market Size & Forecast

7.1.4.1.1.             By Volume

7.1.4.1.2.             By Value

7.1.4.2.         Market Share & Forecast

7.1.4.2.1.             By Length

7.1.4.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.4.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.4.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.4.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.4.2.6.             By Body Type (Customizable, Fully Built)

7.1.5.     Chile Bus & Coach Market Outlook

7.1.5.1.         Market Size & Forecast

7.1.5.1.1.             By Volume

7.1.5.1.2.             By Value

7.1.5.2.         Market Share & Forecast

7.1.5.2.1.             By Length

7.1.5.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.5.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.5.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.5.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.5.2.6.             By Body Type (Customizable, Fully Built)

7.1.6.     Ecuador Bus & Coach Market Outlook

7.1.6.1.         Market Size & Forecast

7.1.6.1.1.             By Volume

7.1.6.1.2.             By Value

7.1.6.2.         Market Share & Forecast

7.1.6.2.1.             By Length

7.1.6.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.6.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.6.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.6.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.6.2.6.             By Body Type (Customizable, Fully Built)

7.1.7.     Bolivia Bus & Coach Market Outlook

7.1.7.1.         Market Size & Forecast

7.1.7.1.1.             By Volume

7.1.7.1.2.             By Value

7.1.7.2.         Market Share & Forecast

7.1.7.2.1.             By Length

7.1.7.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.7.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.7.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.7.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.7.2.6.             By Body Type (Customizable, Fully Built)

7.1.8.     Paraguay Bus & Coach Market Outlook

7.1.8.1.         Market Size & Forecast

7.1.8.1.1.             By Volume

7.1.8.1.2.             By Value

7.1.8.2.         Market Share & Forecast

7.1.8.2.1.             By Length

7.1.8.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.8.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.8.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.8.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.8.2.6.             By Body Type (Customizable, Fully Built)

7.1.9.     Uruguay Bus & Coach Market Outlook

7.1.9.1.         Market Size & Forecast

7.1.9.1.1.             By Volume

7.1.9.1.2.             By Value

7.1.9.2.         Market Share & Forecast

7.1.9.2.1.             By Length

7.1.9.2.2.             By Application Type (Type of Buses) (Motor Coach, Mid coach, Mini Coach, Shuttle bus, Double Decker)

7.1.9.2.3.             By Application Type (Type of Usage) (Public transport, office bus, School Bus, Tourist bus)

7.1.9.2.4.             By Seating Capacity (41-50, above 50, 31-40 and up to 30)

7.1.9.2.5.             By Fuel Type (Diesel, Petrol/Gasoline, Electric and Hybrid, alternate fuel and fuel cells)

7.1.9.2.6.             By Body Type (Customizable, Fully Built)

8.    Market Dynamics

8.1.  Drivers

8.1.1.     Increase in Demand for Electric Buses

8.1.2.     Rise In Urban Population

8.2.  Challenges

8.2.1.     Older Infrastructure

9.    Market Trends and Developments

9.1.  Emerging new technologies

9.2.  Increasing penetration of the electric vehicles

10.  Porter’s Five Forces Model

10.1.              Competition Landscape

10.2.              Buyer Power

10.3.              Supplier Power

10.4.              Threat of New Entrants

10.5.              Threat of Substitutes

11.  Competitive Landscape

11.1.              Mercedes-Benz Group Ag

11.1.1.  Company Details

11.1.2.  Products & Services

11.1.3.  Financial (As Reported)

11.1.4.  Key Market Focus & Geographical Presence

11.1.5.  Recent Development

11.1.6.  Key Management Personnel

11.2.              Volkswagen AG.

11.2.1.  Company Details

11.2.2.  Products & Services

11.2.3.  Financial (As Reported)

11.2.4.  Key Market Focus & Geographical Presence

11.2.5.  Recent Development

11.2.6.  Key Management Personnel

11.3.              Agrale S. A

11.3.1.  Company Details

11.3.2.  Products & Services

11.3.3.  Financial (As Reported)

11.3.4.  Key Market Focus & Geographical Presence

11.3.5.  Recent Development

11.3.6.  Key Management Personnel

11.4.              Industrial Vehicles Corporation (Iveco)

11.4.1.  Company Details

11.4.2.  Products & Services

11.4.3.  Financial (As Reported)

11.4.4.  Key Market Focus & Geographical Presence

11.4.5.  Recent Development

11.4.6.  Key Management Personnel

11.5.              The Volvo Group

11.5.1.  Company Details

11.5.2.  Products & Services

11.5.3.  Financial (As Reported)

11.5.4.  Key Market Focus & Geographical Presence

11.5.5.