Minibus Market Analysis Focuses on Innovations & Opportunities Experienced Across Major Economies, reports Fact.MR
July 19, 2019 by Steve Blade
In the past couple of years, the public transit sector has witnessed several transformations. Owing to its multiple benefits, the minibus is one of the most critical pillars of the public transport sector in several regions. The demand for minibus depends on the multiple region-specific factors such as mobility of people, changing demographics, etc. A minibus also known as micro bus or minicoach is a passenger carrying vehicle, which is designed to carry more people than a minivan bus but lesser than that of a bus. The definition of minibus varies from region-to-region depending on the maximum seating capacity and gross vehicle weight (GVW). The global market for minibus incorporates both global and regional level players.
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The speed at which new technical amalgamation & advancements are affecting the automotive sector has become essential for manufacturers to pace up and expand their R&D endeavors. Owing to the constantly changing dynamics of the automotive sector many automotive manufacturers including the minibus manufactures have scaled up the R&D endeavors to sustain in the competition. The need for efficient public transport for the complex road network is increasing and for such requirement minibus suits well. A significant part of commercial passenger transport is fulfilled by minibus owing to their multiple benefits. The growing need for accessible public transport also fuels the demand for minibus and is expected to strengthen the growth avenues of second stage manufactures. The adoption of electric vehicle is growing significantly, which is foreseen to impact the Minibus Market during the forecast period. In order to reduce the tailpipe emission from the public transport vehicles, which also includes minibuses, the government of various countries are taking initiatives. The adoption of electric and hybrid technology for minibuses is anticipated to augur well in the foreseeable future.
Global Minibus Market – Regional Analysis
The global minibus market is segmented into seven geographical regions: North America, Europe, Latin America, South Asia, East Asia, Oceania, and MEA. Collectively, East and South Asia holds a significant share in the global minibus market. The regions also consist of several second stage minibus manufactures. In South Asia, India is foreseen to show a relatively substantial growth in the minibus market than other South Asian countries. Inclination towards electric vehicle has also expected to bolster the minibus market in the future, especially in China.
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The global Minibus market can be classified on the basis of seating capacity, gross vehicle weight (GVW) and make type. The seating capacity of the minibus is more than that of a van but lesser than a standard bus. The seating capacity of minibuses varies from around 9 to 35 people. The GVW of a minibus is the maximum operating weight of the minibus and varies from around 3.5 to 16 tones. The make type segment of minibus incorporates the OEM (Original Equipment Manufacturer) minibus manufactures and second stage minibus manufactures. Collectively, in East & South Asian countries second stage minibus manufactures hold a significant share.
Minibus Market – Key Manufacturers
Across the globe, the minibus market incorporates two types of manufactures: OEM and second stage manufactures. OEMs of the minibus are those who manufacture the chassis and do the required bodywork altogether and sell the unit as a whole. However, unlike the OEMs of the minibus, second stage minibus manufactures do not manufacture the minibus chassis. Instead, such minibus manufacturer purchases the minibus chassis from one or more manufacturers in the automotive sector and then attach the body to the frame or chassis. The market for such kind of second stage minibus manufactures appears to be a bit fragmented. However, owing to the multiple benefits of public transport, the global market for a minibus is foreseen to augur well in the public transport sector over the forecast duration. Minibus market includes both regional and global level manufacturers. Some of the prominent OEMs in the global minibus market are Ford, Daimler, Man, Peugeot, Mercedes Benz Minibus and many more. On the other hand, the second stage minibus manufactures includes players like Ferqui, Indcar, Sitcar Italia, etc.
The research report presents a comprehensive assessment of the Minibus market and contains thoughtful insights, facts and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Minibus market report provides analysis and information, according to market segments such as geographies, application and industry.
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