The global luxury shuttle bus market size reached US$ 3.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028.
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2. Report Description
About IMARC Group
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3. Report Description
Report Description and Highlights
Global Luxury Shuttle Bus Market Research Report:
The latest report by IMARC, titled “Luxury Shuttle Bus Market: Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2023-2028” the global luxury shuttle bus market is expected to
exhibit a CAGR of 8.6% during 2023-2028.
A luxury shuttle bus is a short-haul transport that is either one-way or has multiple stops, mainly found
in airports. It plies back and forth between two points and travels a shorter route than other bus
routes. It is specifically designed to move large groups of individuals traveling to and from a specific
destination in an organized manner. It is also used to transport people from airports to hotels. There
are various types of shuttle buses, such as airport buses, university shuttles, rail replacement buses,
employee shuttles, and community transport.
It offers several benefits, including improved coordination, cost efficiency and sustainability, safety,
ease of transport access, and smooth transportation experience. A luxury shuttle bus can extend
mileage and is a less expensive alternative. It has numerous amenities not provided by a standard bus
and is equipped with facilities and technology, such as kitchens and internet access.
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market/requestsample
4. Report Description
Report Description and Highlights
Global Luxury Shuttle Bus Market Trends:
The global market is majorly driven by the increasing demand for luxury shuttle buses for luxury guided tours and
sightseeing. In line with this, the rising popularity of electric and hybrid luxury buses due to growing environmental
concerns is significantly contributing to the market. Furthermore, the escalating demand for luxury shuttle buses
across airports and amusement parks is positively influencing the market. Apart from this, continual improvements in
interiors and designs of luxury buses and technological advancements are catalyzing the market. Moreover, the key
players are focusing on introducing new types of luxury shuttle buses with outstanding features and amenities to gain
a strong foothold in the market.
Besides, the shifting preference of individuals toward luxury buses over conventional buses is favoring the market
growth. Additionally, the favorable initiatives undertaken by several governments to promote public transport
services are anticipated to provide a boost to market expansion. Some of the other factors driving the market include
the escalating demand for shuttle buses for weddings, concerts, and corporate events, significant growth in the travel
and tourism industry, and the inflating disposable income levels of the masses.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).
5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Propulsion Type:
• Diesel and Gasoline
• Alternate Fuels
• Battery Electric Buses
• Hybrid Electric Buses
Breakup by Seating Capacity:
• Below 25 Passengers
• 25 to 40 Passengers
• Above 40 Passengers
Breakup by Application:
• Corporate
• Government
• School Coach
• Airport Shuttle
• Hospital and Medical Coach
6. Report Description
Report Description and Highlights
• Tourist Coach
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
8. Competitive Landscape with Key Players:
• Arboc Specialty Vehicles LLC
• Beiqi Foton Motor Co. Ltd.
• Forest River Inc. (Berkshire Hathaway Inc.)
• Grech Motors
• Isuzu Motors Ltd.
• Iveco
• Kamaz
• King Long United Automotive Industry Co. Ltd
• Lge Coachworks Inc.
• Proterra Inc.
• Zhengzhou Yutong Bus Co. Ltd.
• Zhongtong Bus Holding Co. Ltd.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/luxury-shuttle-bus-market
Report Description
Report Description and Highlights
9. A partial List of our Clients
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Partial List of Clients
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients