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Report
Latin America Bus Market Report and Forecast 2024-2032
Market Report I 2023-11-20 I 170 Pages I EMR Inc.
Latin America Bus Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Latin America bus market is projected to grow at a CAGR of 4.40% between 2024 and 2032. Aided by growing urban population and development of electric bus, the market is expected to grow significantly by 2032.
Buses serve as one of the most critical elements of Latin America's public transport system. They are primarily used for urban transit, intercity travels, and special purposes such as school services. This market is currently in a transformative phase, with a noticeable shift towards buses with lower emissions and higher fuel efficiency.
With the urban population in Latin America growing rapidly, there is a significant need for efficient, high-capacity public transport systems, and buses are seen as a vital component of this. The continued development of infrastructure across Latin America, particularly in emerging economies, is also a significant factor in driving the Latin America bus market expansion.
Technological advancement and growing environmental consciousness are paving the way for electric and hybrid buses in Latin America. As the push towards sustainability intensifies, governments are increasingly supporting the adoption of these buses through various incentives, aiming for greener and more energy-efficient public transportation.
As per the Latin America bus market analysis, governments are enacting more stringent emissions standards and offering incentives to encourage the adoption of cleaner buses. These regulations and incentives are expected to significantly affect the types of buses that transit agencies and other organisations purchase in the coming years.
The market is segmented based on type, into intercity buses, school buses, and public transit buses. Each of these segments is expected to see growth, with public transit buses leading the market due to rising urbanisation and the need for efficient intra-city transport.
Several key Latin America bus market players, including Marcopolo, Volvo, and Scania. These companies are engaging in strategies such as product innovation, partnerships, and production capacity expansion to stay competitive in this growing market.
Looking forward, the Latin America bus market is expected to continue its transformation. Electric and hybrid buses are likely to make up an increasing Latin America bus market share, driven by falling costs, improved technology, and government support. As cities continue to expand and congestion becomes a growing concern, efficient and clean public transportation, such as buses, will likely play an increasingly crucial role in Latin America's transport landscape.
Market Segmentation
The market can be divided based on fuel type, bus type, length, body type, and region.
Market Breakup by Fuel Type
- Diesel
- Electric / Hybrid
- CNG
- Fuel Cell
- Others
Market Breakup by Bus Type
- Intercity Bus
- Intracity Bus
Market Breakup by Length
- Up to 6 Meter
- 6 -8 Meter
- 8 - 10 Meter
- 12 Meter
- 18 Meter
Market Breakup by Body Type
- Fully Built
- Customisable Body
Market Breakup by Region
- Brazil
- Mexico
- Argentina
- Colombia
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Latin America bus market. Some of the major players explored in the report by Expert Market Research are as follows:
- Daimler Truck AG
- AB Volvo
- MAN SE
- Marcopolo S.A.
- IVECO S.p.A.
- Scania AB
- Agrale SA
- Ford Motor Company
- Toyota Motor Corporation
- BYD Co. Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Bus Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Bus Historical Market (2018-2023), By Value and Volume
8.3 Latin America Bus Market Forecast (2024-2032), By Value and Volume
8.4 Latin America Bus Market by Fuel Type
8.4.1 Diesel
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Electric / Hybrid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 CNG
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Fuel Cell
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Latin America Bus Market by Bus Type
8.5.1 Intercity Bus
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Intracity Bus
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Latin America Bus Market by Length
8.6.1 Up to 6 Meter
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 6-8 Meter
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 8-10 Meter
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 12 Meter
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 18 Meter
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.7 Latin America Bus Market by Body Type
8.7.1 Fully Built
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Customisable Body
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 Latin America Bus Market by Region
8.8.1 Market Share
8.8.1.1 Brazil
8.8.1.2 Mexico
8.8.1.3 Argentina
8.8.1.4 Colombia
8.8.1.5 Others
9 Regional Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Mexico
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Argentina
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Columbia
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Daimler Truck AG
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 AB Volvo
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 MAN SE
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Marcopolo S.A.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 IVECO S.p.A.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Scania AB
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Agrale SA
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Ford Motor Company
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Toyota Motor Corporation
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 BYD Co. Ltd.
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio
11.2.10.3 Demographic Reach and Achievements
11.2.10.4 Certifications
11.2.11 Others
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Bus Market: Key Industry Highlights, 2018 and 2032
2. Latin America Bus Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
3. Latin America Bus Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
4. Latin America Bus Historical Market: Breakup by Bus Type (USD Million), 2018-2023
5. Latin America Bus Market Forecast: Breakup by Bus Type (USD Million), 2024-2032
6. Latin America Bus Historical Market: Breakup by Length (USD Million), 2018-2023
7. Latin America Bus Market Forecast: Breakup by Length (USD Million), 2024-2032
8. Latin America Bus Historical Market: Breakup by Body Type (USD Million), 2018-2023
9. Latin America Bus Market Forecast: Breakup by Body Type (USD Million), 2024-2032
10. Latin America Mining Drill Bits Historical Market: Breakup by Country (USD Million), 2018-2023
11. Latin America Mining Drill Bits Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Bus Market Structure
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