Asia-Pacific (APAC) Bus Market Analysis 2019-2035 : Growth Opportunities | Size | 2021 Edition | COVID-19 Impact Analysis

Asia-Pacific Bus Market Overview

Asia-Pacific Bus Market Outlook, 2019-2035 represents the current state of buses in the region. The buses can be used for both commercial and personal purposes as well. As per statistics, we can see that there are over 500,000 units of the bus in operation (on-road) and 35.00% of the bus is over 20 years of age. The favorable government policies and initiatives such as subsidies by the government are used to promote the use of clean fuel vehicles in the region and are expected to positively influence the bus market of the region. The upcoming of smart city projects, increased pollution, and growing demand for public transportation systems boost the demand for clean buses in Asia-Pacific through the year 2022. These upcoming projects will help the transportation system to grow well in the region.

Asia-Pacific Bus Market Segmentation

By Vehicle Type

• Single Decker
• Double Decker

By Fuel Type

• Diesel
• Petrol/Gasoline
• CNG
• Electric/Hybrid

By Body Type

• Fully Built
• Customizable

By Seating Capacity

• 15-30
• 30-40
• 40-50
• 50 and Above

By End Users

• Government
• Fleet Owners

By Countries

• China {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• India {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• Japan {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• Singapore {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• South Korea {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• Australia {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• New Zealand {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
• Rest of Asia {Market Share (%), Market Size (USD Billion), Sales (Million Units)}

We conducted interviews with the Asia-Pacific Bus Market Manufacturers, OEMs, Aftermarket Players, Brands, Component Manufacturers, Battery Manufacturers, End User Industries, Distributors, Traders, Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Highlights: Asia-Pacific Bus Market Outlook, 2019-2035 (2021 Edition)

The report includes Asia-Pacific (APAC) Bus Manufacturers, Aftermarket Players & Distributors Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers the Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports) and Distribution Model Analysis, Competitive Analysis, Opportunity Analysis

• Market Data Outlook: Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of Asia Pacific Bus Industry and further it bifurcated into States/Cities, 2019-2035
• Sales Outlook of Asia: By Bus Type, By Manufacturers Type, By End User Industry Type, By States/Cities (Value & Volume), 2019-2035
• Data of Manufactured & Registered Bus (On-Road) : By Bus Type, By Manufacturers Type, By End User Industry Type, By States/Cities (By Value & Volume), 2019-2035
• Manufacturing/Production of Bus: By Manufacturers Type (OEMs & Contract Manufacturers), Production Data (By Bus Type, By Countries), Manufacturing Capacity, Operational Margins, Profit Margin, Distribution Analysis, etc., 2019-2035
• Electric Bus Charging Infra Market Analysis: Charging Infra Developers Profile, Revenue Share, Solutions Offerings Portfolio, Market Positioning, Ranking Analysis, Competitiveness, Regional Presence, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035 
• Asia pacific Bus Industry Outlook: Bus Expenditure, Transportation & Manufacturing Reforms, Manufacturing Facilities, Govt. & Private Investments, R&D, (Current & Future Outlook), 2019-2035
• Regulatory Framework & Approvals Outlook: Regulatory Framework for Electric Bus, Govt. Initiatives & Programs, Manufacturing Framework & Regulations, Import Framework, Regulations & Policies, etc.
• Competitive Outlook: Players Financial Analysis, Marketing Strategies, Ranking Index, Product Portfolio, Pricing Analysis, List of Customers, Competitive Advantage, etc. Company Profiles, SWOT Analysis of Each Player, Recent News & Developments of Each Player, Merger & Acquisitions, etc.  
• Electric Bus Aftermarket & Components Outlook: Aftermarket Analysis, Components Sales Outlook, Aftermarket Sales Outlook, Engine and Parts Manufacturers, etc, 2019-2035
• Market Dynamics: Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, PESTLE Analysis, Pricing Patterns, Regulations, Investments, Research & Development, 2019-2035
• Trade Data of Bus (Export & Import): By Each Segment, By Countries, (By Value & Volume), 2019-2035
• Target Analysis: Target & Potential Markets, By Major Countries
• Risk Analysis: Supply & Demand Analysis, 2019-2035

The study provides an in-depth analysis with current and future trends to elucidate the imminent investment pockets in the market.

• Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market.
• Quantitative analysis of the current market and forecast from 2019-2035 is provided to showcase the financial competency of the market.
• Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market.
• Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market.
• Competitive Outlook of major players of the market to understand the current business scenario and to understand the complexity and investment-related factors.

Market Dynamics (Drivers & Challenges to Market Growth)

Growing Tourism in Asian countries with the development of double-decker buses since 2019. Due to the traffic congestion caused by cars and other vehicles, the government is taking steps to improve the public transport system. For example a bus rapid transit system in Jakarta, solo and many provinces of Indonesia. Other driving factors are the rise in environmental hazards which are dangerous to life, stiff competition among the players which have compelled the automotive sector to develop fuel-efficient and environmentally friendly buses. The challenge that the companies are facing is the huge investment which is required to develop new buses. The companies use fossil fuels which are going to finish one day if the companies are shifting to use fossil fuels. The other challenge that is infrastructure requirement, financial support/subsidy and variety of buses.

The trend of electric buses amongst the various types of clean buses that are being launched in the region. The environmental benefits of deployment of electric buses in China’s e-bus market. Changes in battery prices are the trends that are followed. Initiatives by C40 Cities for the deployment of clean vehicles to ensure environmental sustainability and the fact that the increasing demand for e-buses can reduce battery prices, which will enable cost parity with diesel by 2025-2027. This is the major trend for today.

Reforms in the Bus System    

There are reforms going on in the Bus system in ASEAN countries. The ASEAN megacities and the upcoming smart cities need to improve the bus operations, vehicles and culture. Bus stations and lanes should be repaired and substituted with exclusives lanes for a better environment for bus owners. Old vehicles should be replaced by new vehicles. The government should take initiatives to manage the private bus companies and evaluation services system. AESAN countries should develop a high level of monitoring and evaluation systems for the bus operation companies. In addition to it , high cost system needs to be built in order to maintain the efficiency of bus companies. If these systems are put in to place, the automotive companies and the auto sector would develop into a well-established sector.

Trends and Opportunities

The trend of electric buses amongst the various types of clean buses that are being launched in the region. The environmental benefits of deployment of electric buses in the China’s e-bus market. Changes in battery prices are the trends which are followed.Initiatives by C40 Cities for the deployment of clean vehicles to ensure environmental sustainability and the fact that the increasing demand for e-buses can reduce battery prices, which will enable cost parity with diesel by 2025-27. This is the major trend for today.

Deployment of Clean Buses in Japan

The policy initiatives for the deployment of clean buses, and the deployment of hydrogen buses towards Olympics 2020.Japan’s basic strategy on hydrogen, which was finalised on December 26, 2017. The strategy aims to increase fuel cell buses to 100 by 2020 and 1,200 by the 2030s, the number of hydrogen stations to 160 by 2020 and 320 by 2025, and the number of fuel cell vehicles to 40,000 by 2020, 200,000 by 2025, and 800,000 by 2030.Currently, five fuel cell buses are being operated in Japan.

Hydrogen and Fuel Cell Buses 

The fuel cells technology and solutions provided by the company. Hydrogenics offers an advanced proton-exchange membrane (PEM) fuel cells for zero-emission hydrogen fuel cell electric buses, and has built the world’s first and only megawatt (MW) single stack solution for electrolysis systems.By 2030, the fuel cell bus will have a 10 per cent premium relative to a diesel bus, and the electric bus is expected to have an 11 per cent premium with limited expansion.

Competitive Landscape of Asia-Pacific Bus Market

The key companies profiled in the Asia-Pacific Bus Market are:

• Ashok Leyland Limited, 
• Isuzu Motors, 
• Hino Motors, 
• Anhui Ankai Automobile Co., Ltd., 
• Beiqi Foton Motor Co., Ltd.,
• Xiamen Golden Dragon Bus Co., 
• Tata Motors Limited, 
• Xiamen King Long United Automotive Industry Co. Ltd., 
• Zhengzhou Yutong Bus Co., Ltd., 
• Toyota Motor Corporation

COVID-19 impact on "Asia-Pacific Bus Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short-term & long terms impact of COVID-19 outbreak on each segment of the "Asia Pacific Bus Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, the impact of the virus on leading companies, the expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Covered In This Asia-Pacific Bus Market Report

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2019-2035 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major countries. Asia Pacific Bus Market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Asia Pacific (APAC) Bus Market Outlook 2019-2035, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific Bus aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Asia Pacific Bus Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

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Key questions answered in this Asia-Pacific Bus Market Report

• What is the total market size by 2035 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2018-19 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategies of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for Asia Pacific Bus Industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the Asia Pacific Bus industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospect.