The document discusses the Asia Pacific bus market forecast from 2016 to 2026. It covers key factors such as growing environmental concerns about pollution from diesel buses which is driving demand for electric buses. Governments are promoting bus transportation and replacing diesel buses with zero-emission electric buses to reduce pollution and traffic congestion. The Asia Pacific bus market is segmented by length, fuel type, seating capacity, body type, and application. While buses less than 8m currently lead the market, 10m-12m buses saw increased sales in 2020 for intracity and intercity use.

1. ASIA PACIFIC BUS MARKET
2016 – 2026
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
MARKET FORECAST & OPPORTUNITIES

2. 2
Scope of Report
Product of Interest (POI): Bus
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
SEATING CAPACITY
APPLICATION
• Intra-City Bus
• Inter-City Bus
• School Buses/Others
COUNTRIES
• Australia
• Singapore
• Thailand
• Taiwan
• Malaysia
• Japan
• New Zealand
• Indonesia
• China
• India
• Rest of APAC
• Less than 30
• Between 30-40
• Greater than 40
LENGTH TYPE
• Less than 8m
• Between 8m-10m
• Between 10m-12m
• Greater than 12m
An automotive bus or a motor bus is a road vehicle designed to carry a group of people, usually more
than 15 passengers. It consists of long body design & specially arranged seats and is driven by an
internal combustion engine or electric motor. Their length usually varies from 6 meters to 12 meters
with seating capacity of more than 15 passengers. These automobiles are mostly used as motor
coaches, for transit purposes and school buses.
Market Segmentation
BODY TYPE
• Fully built
• Customizable
FUEL TYPE
• Diesel
• Electric & Hybrid
• Petrol/Gasoline
• CNG

3. 3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Asia-Pacific Bus Market
5. Voice of Customer
6. Asia-Pacific Bus Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1.
By Length Type (Less than 8m, Between 8m-10m, Between 10m-12m,
Greater than 12m)
6.2.2. By Fuel Type (Diesel, Electric & Hybrid, Petrol/ Gasoline and CNG)
6.2.3. By Seating Capacity (Less than 30, Between 30-40, Greater than 40)
6.2.4. By Body Type (Fully built, Customizable)
6.2.5. By Application (Intra-City Bus, Inter-City Bus and School Buses/Others)
6.2.6.
By Country (Australia, Singapore, Thailand, Taiwan, Malaysia, Japan, New
Zealand, and Indonesia)
6.2.7. By Company (2020)
6.3. Product Market Map

4. 4
Table of Contents
S. No. Contents Page No.
7. Australia Bus Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Length Type
7.2.2. By Fuel Type
7.2.3. By Seating Capacity
7.2.4. By Body Type
7.2.5. By Application
8. Singapore Bus Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Length Type
8.2.2. By Fuel Type
8.2.3. By Seating Capacity
8.2.4. By Body Type
8.2.5. By Application

5. 5
Table of Contents
S. No. Contents Page No.
9. Thailand Bus Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Length Type
9.2.2. By Fuel Type
9.2.3. By Seating Capacity
9.2.4. By Body Type
9.2.5. By Application
10. Taiwan Bus Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2.
Market Share & Forecast
10.2.1. By Length Type
10.2.2. By Fuel Type
10.2.3. By Seating Capacity
10.2.4. By Body Type
10.2.5. By Application

6. 6
Table of Contents
S. No. Contents Page No.
11. Malaysia Bus Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2.
Market Share & Forecast
11.2.1. By Length Type
11.2.2. By Fuel Type
11.2.3. By Seating Capacity
11.2.4. By Body Type
11.2.5. By Application
12. Japan Bus Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2.
Market Share & Forecast
12.2.1. By Length Type
12.2.2. By Fuel Type
12.2.3. By Seating Capacity
12.2.4. By Body Type
12.2.5. By Application

7. 7
Table of Contents
S. No. Contents Page No.
13. New Zealand Bus Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2.
Market Share & Forecast
13.2.1. By Length Type
13.2.2. By Fuel Type
13.2.3. By Seating Capacity
13.2.4. By Body Type
13.2.5. By Application
14. Indonesia Bus Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2.
Market Share & Forecast
14.2.1. By Length Type
14.2.2. By Fuel Type
14.2.3. By Seating Capacity
14.2.4. By Body Type
14.2.5. By Application

8. 8
Table of Contents
S. No. Contents Page No.
15. China Bus Market Outlook
15.1. Market Size & Forecast
15.1.1. By Value & Volume
15.2.
Market Share & Forecast
15.2.1. By Length Type
15.2.2. By Fuel Type
15.2.3. By Seating Capacity
15.2.4. By Body Type
15.2.5. By Application
16. India Bus Market Outlook
16.1. Market Size & Forecast
16.1.1. By Value & Volume
16.2.
Market Share & Forecast
16.2.1. By Length Type
16.2.2. By Fuel Type
16.2.3. By Seating Capacity
16.2.4. By Body Type
16.2.5. By Application

9. 9
Table of Contents
S. No. Contents Page No.
17. Rest of APAC Bus Market Outlook
17.1. Market Size & Forecast
17.1.1. By Value & Volume
17.2.
Market Share & Forecast
17.2.1. By Length Type
17.2.2. By Fuel Type
17.2.3. By Seating Capacity
17.2.4. By Body Type
17.2.5. By Application
18. Market Dynamics
18.1. Drivers
18.2. Challenges
19. Market Trends & Developments
20. Competitive Landscape
20.1. Competition Outlook
20.2. Company Profiles (Leading 10 Companies)

10. 10
S. No. Contents Page No.
20.2.1. Company Details
20.2.2. Products & Services
20.2.3. Financials (As Reported)
20.2.4. Key Market Focus & Geographical Presence
20.2.5. Recent Developments
20.2.6. Key Management Personnel
21. Strategic Recommendations
22. About us & Disclaimer
Table of Contents

11. RESEARCH
METHODOLOGY

12. 12
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing list
of respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the Asia Pacific bus market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the Asia Pacific bus market
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Final Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Website
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research

13. 13
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Asia Pacific bus market. The team has analyzed the
outlook of various segments of this market, while considering the major influencing factors such as stringent government regulations for the
safety of occupant etc. and speculated a positive growth during the next 5 years. The study includes market forecasting, which would enable
our clients to take better decisions while planning their strategy to achieve sustainability in Asia Pacific bus market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2020 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as bus supplier
companies, channel partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 bus supplier companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 Industry experts
and other Value & Volume chain stakeholders in Asia Pacific bus market to obtain the overall market size from 2016-2020, which was
validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market
size data from 2016-2020.

14. 14
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by length type, by fuel type, seating capacity, by
body type, by application, by country and by company. Removing the outlier responses, the geometric mean of growth estimates and
supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares
generated across various segments were further triangulated from other stakeholders depending upon the end use product type of bus.
Methodology Followed for Calculation of Market Shares:
Market shares shares by length type, by fuel type, seating capacity, by body type, by application, by country and by company were calculated
based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market
shares or revenue generated from various end use product type of bus. The final shares were calculated by taking the geometric mean of the
responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Asia Pacific
bus market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis

15. 15
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research
also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It
should be noted that the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Toyota Motor Corporation.
▪ SML Isuzu Ltd.
▪ Hino Motors, Ltd.
▪ AB Volvo
▪ Scania AB
▪ MAN SE
▪ Daimler AG
▪ Nissan Motor Company, Ltd.
▪ Mitsubishi Fuso Truck and Bus Corporation
▪ Shanghai Shenlong Bus Co., Ltd.
▪ Society of Indian Automobile Manufacturers
▪ Organisation Internationale des Constructeurs
d'Automobiles
▪ Automobile Association of India
▪ Japan Automobile Manufacturers Association
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases

16. 16
Country 2016 2015 2016 2019 2020
United States (USD) 1 1 1 1 1
India (INR) 61.01 64.12 610.18 65.11 68.41
China (Yuan) 6.16 6.28 6.64 6.76 6.62
Bangladesh (Bangladeshi Taka) 76.2613 76.4603 76.6326 77.6070 82.8187
Indonesia ( Indonesian Rupiah) 12,165.5 12,391.6 13,736.3 13,513.5 13,506.3
Sri Lanka (Sri Lanka Rupee) 130.675 131.111 140.930 146.980 153.282
Vietnam (Vietnamese Dong) 20,930.1 21,129.2 22,019.7 22,468 22,674
Research Methodology
Currency Exchange Rates
• The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
• The company revenues were taken from their annual reports.
• Average annual currency conversion rate was used for companies that reported their revenue in other currencies.
Source:
US
Forex,
The
Bureau
of
the
Fiscal
Service
and
US
Department
of
Treasury

17. 17
Industry Brief
According to TechSci Research report, “Asia Pacific Bus Market By Length Type (Less than 8m, Between 8m-10m, Between 10m-12m, Greater than
12m), By Fuel Type (Diesel, Petrol/Gasoline, Gas, Electric, Hybrid), By Seating Capacity (Less than 30, Between 30-40, Greater than 40), By Body
Type (Fully Built, Customizable), By Application (Transit Bus, School Bus/Others, Motorcoaches), By Country, Competition, Forecast & Opportunities,
2026”, Asia Pacific Bus market is anticipated to reach 42.57 thousand units by 2026 because of growing environmental concerns about diesel buses,
which emit a lot of pollution that is harmful to people's health and the environment, as well as increasing government measures to encourage the use of
electric buses. Due to increasing fleet of personal two-wheelers and four-wheeler vehicles on roads, the level of pollution is increasing day by day
which is a huge concern. Not only this, increasing fleet of personal vehicles is affecting the environment and also leading to traffic congestion which is
creating lots of issues for the daily travellers on the roads. To overcome the issue of environmental pollution and traffic congestion governments are
taking necessary steps like promoting buses for daily travelling by decreasing subsidies on buses and benefits for increasing the adoption rate of
electric vehicles and replacing heavy-duty diesel and gasoline-run buses with zero-emission electric buses. Electric buses have the potential to
significantly reduce pollution levels because no gases will escape from the vehicle and produce pollution. However, because more people will opt to
commute by bus as a result of increased bus services, these buses will also help to reduce traffic congestion. However, the deployment of electric
buses will depend upon country wise policy and also the number of charging stations in respective countries. To run the electric buses on roads,
countries should have a strong charging infrastructure to avoid problems.
Asia Pacific Bus market can be segmented on the basis of length, by fuel type, by seating capacity, by body type and by application. Based on length
type, less than 8m buses is leading the market. But in 2020, the sales of buses with length 10m-12m increased because of their for intracity and
intercity application. In by fuel type, diesel buses are dominating the market with over 90% market share in 2020. In the forecast period also, it is
expected that diesel buses will dominate the bus market, but electric buses segment is expected to grow at a CAGR of 24.18% in comparison to diesel
buses. In by seating capacity segment, the buses with below 30 seats are leading the market because of their high demand for intracity purposes. In by
body type segment, the fully built buses are dominating the Asia pacific bus market and in forecast period also they are expected to dominate the
market. In by application type bus segment, transit buses are leading the market because of their high demand as intracity buses and followed by
motorcoaches. The demand for motorcoaches buses is also more because such buses are used mainly as intercity buses and also for the sightseeing
purpose.
Major players operating in Asia Pacific Bus market are Toyota Motor Corporation, SML Isuzu Ltd., Hino Motors, Ltd. etc., are among some of the
leading players operating in Asia Pacific Bus market. Apart from these companies, AB Volvo, MAN, Daimler AG, Nissan and Mitsubishi Fuso Truck and
Bus Corporation are key players, who are developing advanced technologies and launching new products to stay competitive in the market. Other
competitive strategies adopted by market players include mergers and acquisition, new product developments and increasing their marketing activities
and enriching product portfolio globally to increase their customer outreach.
“In 2020, Japan accounted for the largest share i.e., 40.63% in Asia Pacific Bus market and it is expected to dominate in the forecast period also. Japan
is leading the Asia Pacific Bus market because of increasing tourism and awareness among people regarding using buses”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.

18. 18
Sample Data - Snapshot
Asia Pacific Bus Market Size, By Value (USD Million) & Volume (Thousand Units), 2016–2026F (USD Million)
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00
2016 2020 2021E 2026F
By Value (USD Million)
By Volume (Thousand Units)
CAGR BY Value & Volume
XX%
CAGR BY Value & Volume
YY%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Less than 8m Between 8m-10m Between 10m-12m Greater than 12m
Asia Pacific Bus Market Share, By Length Type, By Volume, 2016–2026F
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
25%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Diesel Electric & Hybrid Petrol/Gasoline CNG
Australia Bus Market Share, By Fuel Type, By Volume, 2016–2026F

19. 19
Competitor Profile
Report Name: ASIA PACIFIC BUS MARKET
MARKET FORECAST & OPPORTUNITIES
2016 – 2026
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20. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers
reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or
omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this
report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market
size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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