The global minibus market is anticipated to grow at a CAGR of around 4.5% during the forecast period 2020 to 2027 and to reach around US$ 12.1 Bn by 2027.
Market Dynamics
Rising tourism across the globe, demand for vehicles with minimum seating capacity and enhanced features, and approach towards shared transportation among consumers are major factors expected to drive the growth of global market. In addition, surging demand for electronic vehicles in developed counties and rapid technological advancements by major players in commercial electric vehicles with improved capacity this is another factor expected to support the growth of target market.
Major players are focused on business expansion activities through strategic acquisition and product launches this is expected to further augment the growth of target market.
In 2020, Hyundai Motor Company a multinational automotive manufacturer launched an electric minibus called Country Electric this bus is equipped with a high-power 128-kWh lithium-ion-polymer battery. The company launched it as an economical and eco-friendly alternative to diesel-powered buses. This is expected to help the company to enhance the customer base and increase the revenue share of the company.
In 2019, BYD Auto Co., Ltd. a Chinese automaker launched two electric vehicles (EVs) also support standard AC chargers named BYD T3 MPV and BYD T3 minivan. This product launch is expected to help the company to enhance the product portfolio and increase the customer base in India Market.
In 2018, Mercedes-Benz a German automotive launched its new minibus generation Sprinter a 8.5 metres long regular-service bus that has seats for up to 38 passengers. This is expected to help the company to enhance the business presence.
In 2018, Force Motors and automotive manufacturer launched new 33 and 41 seater Traveller Monobus. The monobus is loaded with several path breaking and novel features offered for the first time in the midi-bus segment. This supported the company to strengthen its position in the Indian market.
In 2017, Mahindra & Mahindra Limited is an Indian multinational vehicle manufacturing corporation launched 4 new variants of its stylish and spacious Passenger carrier, namely Supro Minivan, Supro Minivan VX, Supro Minivan CNG and Supro School Van. This product launch is expected to help the company to enhance the business presence.
Rising demand for minibuses from school and collages for pick-up and drop of students this is expected to support the growth of target market.
However, factors such as high cost of vehicles and developing automotive regulatory standards related to fuel this are expected to hamper the growth of global minibus market. In addition, highly competitive landscape is resulting in operation on low profit ration this is expected to challenge the growth of target market.
Advancements in motor power and approach towards introduction of innovative products are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, rising partnership between region and international players is expected to support the revenue transaction of target market.
Segment Analysis by Region
The market in Asia Pacific is expected to account for significant revenue share due to high commercial vehicle sale. In addition, increasing government spending on development of rural road infrastructure is resulting in demand for minibus this is expected to support 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
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Market
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Global Minibus Market
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Analysis Period
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2016 – 2027
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Base Year
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2019
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Forecast Data
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2020 – 2027
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Market Stratification
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Body Type, Seat Type, End Use and Geography
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Report Coverage
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Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Minibus Market Segment Analysis, 2019
The global market is segmented into body type, seat type, and end use. The body type segment is bifurcated into body build and purpose build and the body build segment is expected to account for major revenue share in the target market. The seat type segment is further bifurcated into 9 – 15, 16 – 25, and 6 – 35.
The end use is segment into school bus, recreational purpose, and others and the school bus segment is expected to account for major revenue share in the global market.
The players profiled in the report are Unidad de Vehículos Industriales, SA, Integralia Movilidad S.L., Car-bus.net, CaetanoBus, Mussa & Graziano srl, Al Fahim Group, Komvek Karoser Limited Sirketi, Woodall Nicholson Limited, Carrocerias Ferqui Sl, and Brian Noone Limited.
Market Segmentation
Market By Body Type
Body Build
Purpose Build
Market By Seat Type
9 – 15
16 – 25
26 – 35
Market By End Use
School Bus
Recreational Purpose
Others
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Chapter 1. Industry Overview of Minibus
1.1 Definition and Scope
1.1.1 Definition of Minibus
1.1.2 Market Segmentation
1.1.3 Years Considered for the Study
1.1.4 Assumptions and Acronyms Used
1.1.4.1 Market Assumptions and Market Forecast
1.1.4.2 Acronyms Used In Global Minibus Market
1.2 Summary
1.2.1 Executive Summery
1.2.2 Minibus Market By Body Type
1.2.3 Global Minibus Market By Seat Type
1.2.4 Global Minibus Market By End Use
1.2.5 Global Minibus Market by Regions
Chapter 2. Research Approach
2.1 Methodology
2.1.1 Research Programs
2.1.2 Market Size Estimation
2.1.3 Market Breakdown and Data Triangulation
2.2 Data Source
2.2.1 Secondary Sources
2.2.2 Primary Sources
Chapter 3. Market Dynamics and Competition Analysis
3.1 Market Drivers
3.1.1 Driver 1
3.1.2 Driver 2
3.2 Restraints and Challenges
3.2.1 Restraint 1
3.2.2 Restraint 2
3.3 Growth Opportunities
3.3.1 Opportunity 1
3.3.2 Opportunity 2
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitute
3.4.4 Threat of New Entrants
3.4.5 Degree of Competition
3.5 Market Concentration Ratio And Market Maturity Analysis of Minibus Market
3.5.1 Go To Market Strategy
3.5.1.1 Introduction
3.5.1.2 Growth
3.5.1.3 Maturity
3.5.1.4 Saturation
3.5.1.5 Possible Development
3.6 Value Chain Analysis
3.7 Cost Structure Analysis
3.7.1 Proportion of Manufacturing Cost Structure
3.7.1.1 Raw Material
3.7.1.2 Labor Cost
3.7.1.3 Manufacturing Expense
3.8 Regulatory Compliance
3.9 Competitive Landscape, 2019
3.9.1 Player Positioning Analysis
3.9.2 Key Strategies Adopted By Leading Players
Chapter 4. Minibus Market By Body Type
4.1 Introduction
4.2 Global Minibus Revenue (US$ Mn) by Body Type
4.2.1 Global Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 – 2027
4.2.2 Body Build
4.2.2.1 Body Build Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.2.3 Purpose Build
4.2.3.1 Purpose Build Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
4.3 Market Attractive Analysis By Body Type 2019
Chapter 5. Minibus Market By Seat Type
5.1 Introduction
5.2 Global Minibus Revenue (US$ Mn) by Seat Type
5.2.1 Global Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 – 2027
5.2.2 9 – 15
5.2.2.1 9 – 15 Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.3 16 – 25
5.2.3.1 16 – 25 Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.4 26 – 35
5.2.4.1 26 – 35 Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.3 Market Attractive Analysis By Seat Type 2019
Chapter 6. Minibus Market By End Use
6.1 Introduction
6.2 Global Minibus Revenue (US$ Mn) by End Use
6.2.1 Global Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 – 2027
6.2.2 School Bus
6.2.2.1 School Bus Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.2.3 Recreational Purpose
6.2.3.1 Recreational Purpose Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.2.4 Others
6.2.4.1 Others Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.3 Market Attractive Analysis By End Use 2019
Chapter 7. North America Minibus Market By Country
7.1 North America Minibus Market Overview
7.2 U.S.
7.2.1 U.S. Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
7.2.2 U.S. Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
7.2.3 U.S. Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
7.3 Canada
7.3.1 Canada Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
7.3.2 Canada Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
7.3.3 Canada Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
7.4 North America PEST Analysis
Chapter 8. Europe Minibus Market By Country
8.1 Europe Minibus Market Key Overview
8.2 UK
8.2.1 UK Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
8.2.2 UK Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
8.2.3 UK Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.3 Germany
8.3.1 Germany Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
8.3.2 Germany Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
8.3.3 Germany Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.4 France
8.4.1 France Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
8.4.2 France Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
8.4.3 France Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.5 Spain
8.5.1 Spain Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
8.5.2 Spain Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
8.5.3 Spain Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.6 Rest of Europe
8.6.1 Rest of Europe Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
8.6.2 Rest of Europe Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
8.6.3 Rest of Europe Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
8.7 Europe PEST Analysis
Chapter 9. Asia-Pacific Minibus Market By Country
9.1 Asia Pacific Minibus Market Overview
9.2 China
9.2.1 China Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
9.2.2 China Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
9.2.3 China Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.3 Japan
9.3.1 Japan Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
9.3.2 Japan Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
9.3.3 Japan Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.4 India
9.4.1 India Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
9.4.2 India Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
9.4.3 India Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.5 Australia
9.5.1 Australia Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
9.5.2 Australia Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
9.5.3 Australia Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.6 South Korea
9.6.1 South Korea Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
9.6.2 South Korea Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
9.6.3 South Korea Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.7 Rest of Asia-Pacific
9.7.1 Rest of Asia Pacific Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
9.7.2 Rest of Asia Pacific Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
9.7.3 Rest of Asia Pacific Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
9.8 Asia Pacific PEST Analysis
Chapter 10. Latin America Minibus Market By Country
10.1 Latin America Minibus Market Overview
10.2 Brazil
10.2.1 Brazil Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
10.2.2 Brazil Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
10.2.3 Brazil Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.3 Mexico
10.3.1 Mexico Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
10.3.2 Mexico Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
10.3.3 Mexico Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.4 Rest of Latin America
10.4.1 Rest of Latin America Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
10.4.2 Rest of Latin America Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
10.4.3 Rest of Latin America Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
10.5 Latin America PEST Analysis
Chapter 11. Middle East & Africa Minibus Market By Country
11.1 Middle East & Africa Minibus Market Overview
11.2 Saudi Arabia
11.2.1 Saudi Arabia Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
11.2.2 Saudi Arabia Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
11.2.3 Saudi Arabia Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.3 UAE
11.3.1 UAE Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
11.3.2 UAE Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
11.3.3 UAE Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.4 Rest of Middle East & Africa
11.4.1 Rest of Middle East & Africa Minibus Market Revenue (US$ Mn) and Forecast By Body Type, 2016 - 2027
11.4.2 Rest of Middle East & Africa Minibus Market Revenue (US$ Mn) and Forecast By Seat Type, 2016 - 2027
11.4.3 Rest of Middle East & Africa Minibus Market Revenue (US$ Mn) and Forecast By End Use, 2016 - 2027
11.5 Middle East & Africa PEST Analysis
Chapter 12. Player Analysis of Minibus
12.1 Global Minibus Market Company Share Analysis
Chapter 13. Company Profile
13.1 Unidad de Vehículos Industriales SA
13.1.1 Company Snapshot
13.1.2 Business Overview
13.1.3 Financial Overview
13.1.3.1 Revenue (US$ Mn), 2019
13.1.3.2 Unidad de Vehículos Industriales SA 2019 Minibus Business Regional Distribution
13.1.4 Product/Service and Specifications
13.1.5 Manufacturing Plant Footprint Analysis
13.2 Integralia Movilidad S.L.
13.3 Car-bus.net
13.4 CaetanoBus
13.5 Al Fahim Group
13.6 Komvek Karoser Limited Sirketi
13.7 Woodall Nicholson Limited
13.8 Carrocerias Ferqui Sl
13.9 Brian Noone Limited
13.10 Others
