Demand for buses tends to be cyclical in nature and dependent on region-specific trends, such as demographics, income levels, relative spending levels of mass transit systems, per-capita passenger vehicle density, and others. Rising fuel prices worldwide should hike demand for buses, which represent one of the most fuel-efficient methods for transporting passengers.
Other forces supporting bus demand include greater congestion levels in major metropolitan centers, the establishment of dedicated "busways" in several key Latin American cities, and general economic expansions taking place in emerging markets that require workers to travel further to reach jobs. Bus travel is becoming more of a necessity for urban travelers worldwide as governments enforce limits on the use of personal vehicles (both cars and motorcycles)
China to remain largest, fastest growing bus market
The bus market in North America tends to be atypical among developed nations in a number of ways. The United States and Canada, for example, have thriving markets for specially designed school buses, which are not common in Europe or Japan. The US also lacks the dynamic passenger train, tram and subway systems so common in Europe and Japan, making
bus travel the primary mass transit option in most US cities. Furthermore, the large distances between cities and states provides a strong stimulus for motor coach sales, which are purpose-designed to move passengers long distances in comfort. Western Europe and Japan will post slower bus demand growth compared to the United States due to stagnant, aging populations and the prevalence of other mass transit options such as light rail.
Worldwide, China is both the largest market for and producer of buses, and one of the fastest growing bus markets. The country could become a regional hub for bus production although most of its bus output so far has been focused on satisfying local demand. Beyond the developed markets of Europe and Japan, other key bus markets include those in Eastern Europe and Latin America. A Latin American innovation involves the development
of special "busway" mass transit systems in major cities. These have been quite successful as mass transit options for countries unable or unprepared to build large-scale freeway or rail systems.
Study coverage
These and other findings are contained in the new Freedonia industry study, World Buses. Available for $5300, this study presents historical supply and demand data (1995, 2000, 2005) plus forecasts to 2010 and 2015 for six regions and 31 countries. Data is also provided for bus demand by type. In addition, the study examines global demographic trends, evaluates market share data, and profiles 32 industry participants worldwide.
ExecutiveSummary
MarketEnvironment
World Economic Overview
Macroeconomic Developments
Macroeconomic Expectations
World Population Overview
World Motor Vehicle Overview
Motor Vehicle Production
Motor Vehicle Sales
Environmental & Regulatory Factors
Pricing Trends
Technological Trends
WORLD OVERVIEW
Demand by Region
Demand by Product
School Buses
Transit Buses
Motor Coaches
Other Buses
Foreign Trade
NORTH AMERICA
General
United States
Canada
Mexico
WESTERN EUROPE
General
Germany
France
Spain
United Kingdom
Italy
Sweden
Belgium
The Netherlands
Other Western Europe
ASIA/PACIFIC
General
Japan
China
South Korea
India
Australia
Thailand
Indonesia
Malaysia
Taiwan
Hong Kong
Singapore
All Other Asia/Pacific
THER REGIONS
General
Latin America
Brazil
Argentina
Venezuela
Other Latin America
Eastern Europe
Russia
Poland
Czech Republic
Hungary
Other Eastern Europe
Africa/Mideast
South Africa
Turkey
Other Africa/Mideast
INDUSTRY STRUCTURE
Industry Composition & Market Share
Industry Restructuring
Cooperative Agreements
Marketing & Distribution
Research & Product Development
Manufacturing
Competitive Strategies
Company Profiles
List of Tables & Charts
ExecutiveSummary
1 Summary Table
MarketEnvironment
1 World Gross Domestic Product by Region
2 World Population by Region
3 World Motor Vehicle Production
4 World Motor Vehicle Sales
WORLD OVERVIEW
1 World Bus Demand by Region
Cht Bus Demand by Region, 2005
Cht World OEM Auto Electronics
Demand/Light Vehicle
Production Relationship, 2005
2 World Bud Demand by Type Cht Bus Demand by Type, 2005
3 World School Bus Demand
4 World Transit Bus Demand
5 World Motor Coach Demand
6 World Other Bus Demand
NORTH AMERICA
1 Regional Macroeconomic Indicators/Bus Supply & Demand
2 Regional Bus Demand by Type 3-4 United States
5-6 Canada
7-8 Mexico
WESTERN EUROPE
1 Regional Macroeconomic Indicators/Bus Supply & Demand
2 Regional Bus Demand by Type
3-4 Germany
5-6 France
7-8 Spain
9-10 United Kingdom
11-12 Italy
13-14 Sweden
15-16 Belgium
17-18 The Netherlands
19-20 Other Western Europe
ASIA/PACIFIC
1 Regional Macroeconomic Indicators/Bus Supply & Demand
2 Regional Bus Demand by Type
3-4 Japan
5-6 China
7-8 South Korea
9-10 India
11-12 Australia
13-14 Thailand
15-16 Indonesia
17 Malaysia Bus Demand by Type
18-19 Taiwan
20-21 Hong Kong
22-23 Singapore
24-25 All Other Asia/Pacific
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