According to the latest report by IMARC Group, titled “Global Luxury Shuttle Bus Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global luxury shuttle bus market is expected to exhibit a CAGR of 8.94% during 2022-2027.
A luxury shuttle bus refers to a mode of transportation that offers various premium services. It includes complimentary beverages and snacks, reclining seats, personal attendants, footrests, extra leg-room, leather seats, wi-fi televisions (TVs), power outlets, pillows, and on-board restrooms. It also provides the customers with kitchenettes furnished with a fridge, sink, microwave, and a bar.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Luxury Shuttle Bus Market Trends and Drivers:
One of the primary factors driving the market is the extensive growth of the travel and tourism industry and the significant application of these buses at weddings, corporate events, concerts, and graduations.
Additionally, the rising spending capacities of individuals and the increasing usage of these buses by celebrities and executives are propelling the market growth. Besides this, an increase in sharing luxurious, highly exclusive and expensive travel experiences by tourists in exclusive shuttle buses is also catalyzing the market growth.
Furthermore, these services appoint licensed and highly experienced drivers and offer custom paint jobs to match their interiors, thus creating a positive market outlook. Moreover, the increasing number of high-net-worth individuals worldwide and the improving social status of individuals, especially in developing countries are other major growth-inducing factors.
|Luxury Shuttle Bus Market Report Scope|
|Growth Rate||CAGR of 8.94% from 2022 to 2027|
|Base year for estimation||2021|
Global Luxury Shuttle Bus Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
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. and Zhongtong Bus Holding Co. Ltd.
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The report has segmented the market on the basis of region, propulsion type, seating capacity and application.
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:
- School Coach
- Airport Shuttle
- Hospital and Medical Coach
- Tourist Coach
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.