Luxury Coaches Market (By Deck Type: Single Deck [Seating capacity, Double Deck]; By Fuel Type: Diesel, Electric, Natural gas; By Product: Motorhomes, Conventional Coaches ) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Category : Automotive, Transportation and Logistics | Published at : October-2020 | Delivery Format : PDF | Status: Published | Pages : 190

The global luxury coaches market is anticipated to grow at a CAGR of around 5.0% during the forecast period 2020 to 2027 and to reach around US$ 46.4 Bn by 2027.

Market Dynamics

Rising demand for technologically advanced luxury buses with advanced features and high government focus on improving the public transportation system this is resulting in demand for luxury buses which is major factor expected to drive the growth of global market. In addition, increasing government regulation related to environment, and high investment by major players for development of electric luxury buses these are factors expected to support the growth of target market. Suring demand for electric vehicles is resulting in players focus on development of electric autonomous buses that have high powers and load carrying capacity and are eco-friendly.

Increasing business development activities by major players in order to increase the customer base and enhance the profit this is expected to augment the growth of target market. In addition, introduction of innovative products in order to attract new customers are factors expected to support the growth of target market.

In 2020, Volvo a Swedish luxury automobile is expected to launch new express coach the 4.25m tall double-decker is called the 9700 DD and it is designed primarily for the Nordic market. This product launch is expected to help the company to enhance the customer base.

In 2019, the company launched new electrically-powered articulated bus that can carry up to 150 passengers and with 80 per cent lower energy consumption compared to a corresponding diesel bus.

In 2019, JCBL Limited a designer and manufacture of high-quality buses and load carriers launched super-luxury travel coach Destiny in India market. The product launch of Destiny took place during the second edition of the India International Bus & Car Travel Show which is expected to help the company to enhance the business presence.

In 2018, MG Group a manufacturer of buses launched three new buses in the India market. The Glider and the Gliderz are the three products launched by the company at Bus World India 2018 in Bangalore. This product launch is expected to help the company to strengthen its business in the India market.

In 2015, Mercedes-Benz is both a German automotive manufacturer launched SHD 2436 a super high deck luxury bus. The luxury coach offers 15-metre the longest even in India and offers a high seating capacity of up to 61 push-back seats and 14 cubic meters of luggage space. This is expected to help the company to enhance the product portfolio.

However, factors such as high cost of products and availability of leasing services are expected to hamper the growth of global luxury coaches market. In addition, high cost associated to operation and maintenance is expected to challenge the growth of target market.

Advancements in motor technology, integration of AI in the vehicles, and development of product at low cost are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, emergence of small and mid-size players with innovative solutions this is expected to support the revenue growth of target market.

Segment Analysis by Region

The market in Asia Pacific is expected to witness faster growth in the target market due to rising tourism in the region. In addition, increasing commercial vehicle sale in China and India, developing automotive standards along with increasing government spending on development of public transportation are factor responsible to augment the growth of target market.

Moreover, players focus on acquiring the regional players in order to strengthen the distribution channel this is expected to augment the growth of target market.

Competitive Landscape

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Luxury Coaches Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Product, Deck, Fuel Type and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Luxury Coaches Market Segment Analysis, 2019

The global market is segmented into segmented into product, deck and fuel type. The deck type segment is further bifurcated into single deck and double deck. Among deck type segment the single deck is expected to account for major revenue share due to high investment by major players and introduction of innovative products.

The fuel type segment is divided into diesel, electric, and natural gas. The electric segment among the fuel type is expected to witness faster growth in the future due to rising automotive standards and rapid technological advancements.

The players profiled in the report are Anhui Ankai Automobile Co., Ltd, Beiqi Foton Motor Co., Ltd., BYD Co. Ltd., Daimler AG, Dongfeng Automobile Co., Ltd., Irizar Group, JCBL Limited, King Long United Automotive Industry Co., Ltd., Marcopolo SA, Neoplan Bus GmbH, Scania, Shanghai Shenlong Bus Co., Ltd, Volvo, Xiamen Golden Dragon Bus Co. Ltd., Alexander Dennis Limited, and Zhengzhou Yutong Bus Co., Ltd..

Market Segmentation

Market By Deck Type

Single Deck

Seating capacity