Global Bus Chassis Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Axle Type (Single Axle, Multi-Axle), By Bus Type (Single Decker, Coach, Double Decker, Others), By Propulsion Method (Diesel, CNG, Electric), And By Geography - Forecasts From 2022 To 2027
- Published : Sep 2022
- Report Code : KSI061613141
- Pages : 130
The global bus chassis market was estimated at US$7.493 billion in the year 2020. A bus chassis is an essential component that is used to support the load and provide structural support to the bus. The bus chassis includes the wheels, brakes, axles, suspension system, engine, etc. The chassis of the bus should be well developed and stronger with good load-bearing capacity so as to properly support the bus body under both static and dynamic conditions. There has been an increase in the usage of public transport and guided tourism services in some countries in the European Union and Brazil due to the fact that the bus manufacturers are increasing the production of buses to increase their fleet size, which is causing the demand for bus chassis to rise, thus resulting in the growth of the bus chassis market.
Furthermore, the increasing investments and participation of market players in order to improve the quality of bus chassis and to increase the production of buses further is also going to bolster the market growth over the forecast period. For instance, on August 1, 2019, Daimler announced that they had received a purchase order for a 44 Euro VI bus chassis from Transit Systems, which is an international transport company based in Australia. On April 5, 2018, Volvo Buses announced that they and Famco Al Futtaim Auto & Machinery Co (FAMCO) had received an order of 143 units of the B11R bus chassis from Dubai, which was the first time the Euro VI-compliant buses would be used in the Middle East. Also, these buses would be equipped with the latest technologies like Intelligent Transport Systems (ITS) and fleet tracking.
The bus chassis market has been segmented based on axle type, bus type, and geography. By axle type, the market is segmented as two-axle and multi-axle. The market is divided into bus types such as single-deckers, coaches, double-deckers, and others.
Single axle to hold a significant share
By axle type, single axle buses are expected to dominate the market owing to the fact that this is the most commonly used axle in the manufacturing of bus chassis.
Single Decker bus to hold a significant share
Single Decker buses have a single deck for passengers and are equipped with two axles generally. By bus type, single-decker buses are expected to hold a substantial share owing to the fact that these are used most commonly for the transport of passengers in rural as well as urban areas and for applications such as coaches, school buses, and short-to medium-distance travel.
South America will remain a key market for bus chassis
By geography, South America is expected to hold a significant share in the market owing to the fact that the production of buses increased in Brazil from 20,463 to 28,536 from Q4 2017 to Q4 2018. In addition, in most of the EU countries, production increased from 8,285 to 9,626 from Q4 2017 to Q4 2018 (Source: OICA).
Some of the major companies mentioned as a part of this report are MAN, AB Volvo, and Daimler.
- August 2022- Ashok Leyland unveils a ground-breaking 13.5m bus chassis. A new platform with a larger saloon designed for high-speed intercity travel is the 13.5m intercity bus chassis (4X2). Compared to the 12m intercity chassis, it provides 36 additional sleeping berths or a 20% increase in passenger capacity (30 sleeper berths). optimal comfort and space. The best Total Cost of Ownership is provided to clients by this best-in-class product with cutting-edge technology.
- June 2022- The global market introduction of MAN Truck & Bus's electric bus (eBus) chassis has been announced. In 2023, the first eBus chassis prototypes are anticipated to be delivered, and series production is scheduled to begin in 2024. The eBus chassis will initially be made available by MAN as a two-axle intercity bus. The Lion's City E's electric central motor and dependable battery technology from the Volkswagen Group will be used by MAN in the creation of the eBus chassis. In addition to the NMC technology (lithium-nickel-manganese-cobalt battery) from the Lion's City E, MAN will also deploy LFP technology (lithium-ferrophosphate battery) to suit the diverse needs of foreign bus operators in terms of the daily range, overall mileage, and cost.
Impact of COVID-19 on Bus Chassis Market:
The COVID-19 pandemic's effects are posing a variety of difficulties for the worldwide bus chassis market. Globally unprecedented levels and types of transportation and mobility limitations have been put in place as a result of the COVID-19 pandemic. Mobility habits and preferences are significantly impacted by physical distance. A lot of people will choose a mode of transportation that lowers the danger of illness. Owners of private vehicles will use them more frequently, whereas users of public transportation may switch to other modes like biking or walking.
Global Bus Chassis Market Scope:
|Market Size Value in 2020||US$7.493 billion|
|Growth Rate||CAGR during the forecast period|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Axle Type, Bus Type, Propulsion Method, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Tata Motors, AB Volvo, Scania, MAN, Eicher, Daimler AG, Hino Motors, Ltd., Ashok Leyland|
|Customization Scope||Free report customization with purchase|
- By Axle Type
- Single Axle
- By Bus Type
- Single Decker
- Double Decker
- By Propulsion Method
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What is the size of the global bus chassis market?
A1. The bus chassis market was estimated at US$7.493 billion in the year 2020.
Q2. Who are the major players in the bus chassis market?
A2. Some of the major companies mentioned as a part of the global bus chassis report are Tata Motors, AB Volvo, Scania, MAN, Eicher, and Daimler AG.
Q3. How is the global bus chassis market segmented?
A3. The bus chassis market has been segmented based on axle type, bus type, propulsion method, and geography.
Q4. What factors are anticipated to drive the bus chassis market growth?
A4. The increasing investments and participation of market players in order to improve the quality of bus chassis and to increase the production of buses further is also going to bolster the bus chassis market growth.
Q5. Which region holds the largest market share in the bus chassis market?
A5. South America is expected to hold a significant share in the bus chassis market.
1.1. Market Overview
1.2. COVID-19 Impact
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Bus Chassis Market, By Type
6. Global Bus Chassis Market, by Vehicle Type
6.2. Single Decker
6.4. Double Decker
7. Global Bus Chassis Market, By Propulsion Method
8. Global Bus Chassis Market, By Geography
8.2. North America
8.3. South America
8.4.3. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Tata Motors
10.2. AB Volvo
10.6. Daimler AG
10.7. Hino Motors, Ltd.
10.8. Ashok Leyland
Hino Motors, Ltd.
|Report Name||Published Month||Get Sample PDF|
|Towing Vehicle Market Size & Share: Industry Report, 2022-2027||Nov 2022|
|Automotive Electronics Market Growth: Industry Report, 2019 - 2024||May 2021|
|Robotic Vehicle Market Size & Share: Industry Report, 2022 - 2027||Dec 2022|
|Automotive Lighting System Market Size & Share: Report, 2023-2028||Oct 2023|
|Bus Market Size, Share & Growth: Industry Report, 2021-2026||Jul 2021|