ALBANY, N.Y, Dec. 8, 2020 /PRNewswire/ -- Movement of luxury shuttle buses has become a distinct trend across cosmopolitan cities and towns. The recent uptick in the number of people using public transport facilities for their daily commutes has sent ripples across the global luxury shuttle bus market. The use of luxury shuttles has cascaded into multiple industries including transport, tourism, and aviation. The unprecedented demand for shuttle buses can largely be attributed to the changing propensities of the masses.
Besides, the efforts made by government entities towards developing a robust system of public commute has brought luxury shuttle buses under the spotlight of attention. Therefore, the total value of the global luxury shuttle buses market is slated to increase in the years to follow. Shuttle buses have become a brand for the public transport sector, creating fresh inlets for growth across the global market.
This review analyses the core dynamics of growth pertaining to the global luxury shuttle buses market. The total value of the global luxury shuttle buses market is projected to sit at over US$ 6 Bn by 2030-end. Several new entities, especially the ones operating in the automobile industry, are expected to invest in the global luxury shuttle buses market. This projection can be attributed to the lucrative opportunities floating in this market.
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Key Findings of Market Report
Use of Shuttle Buses across Airports and Amusement Parks
The tourism industry is a goldmine of opportunities for vendors operating in the global luxury shuttle buses market. Although the COVID crisis crippled the growth of the industry, several new investments made towards reviving tourism have boded well for key markets. Use of luxury shuttle buses for people to commute across airport terminals has become a resilient trend in the aviation industry. In addition to this, places of tourist visit such as amusement parks and historical centers are also equipped with luxury shuttle buses. The tourism industry is trading convenience and comfort as its core USP, creating new opportunities for vendors existing in the luxury shuttle buses market.
Global Luxury Shuttle Bus Market: Competitive Dynamics
The COVID-19 pandemic disrupted the growth graph of the global luxury shuttle buses market as travel was shut down for several months across multiple regions. However, vendors could also expect a silver lining in the form of renewed demand for safety-oriented shuttle buses. The leading vendors are projected to invest in developing luxury shuttle buses that prioritize social distancing, sanitization, and safe commutes. Besides, several new airports and cultural centers are in the pipeline across cosmopolitan cities. Development of these centers would invariably drive demand for luxury shuttle buses. Henceforth, the revenue index of this market is poised to improve over the forthcoming decade.
Explore 235 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Luxury Shuttle Bus Market (Propulsion: Diesel/Gasoline, Alternate Fuels, Battery Electric Buses, and Hybrid Electric Buses; Seating Capacity: Below 25 Passengers, 26 to 35 Passengers, 36 to 55 Passengers, and 56 Passengers & Above; and Application: Corporate, Government, School Coach, Airport Shuttle, Hospital & Medical Coach, Tourist Coach, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/luxury-shuttle-bus-market.html
Global Luxury Shuttle Bus Market: Growth Drivers
- Need for easy commute across Universities that span over several acres of land, especially for Ivy League Universities and other renowned institutes.
- Advancements in public transport facilities across developed and developing regions, necessitating the availability of comfortable and convenient shuttles.
- Increase in the fleet of shuttles across airports, large shopping arcades, and cultural centers.
- Growing popularity of electric cars and shuttles, proposed to be added to the public transport fleet.
Analyze global luxury shuttle bus market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Global Luxury Shuttle Buses Market: Key Companies
- ARBOC Buses
- Daimler AG
- CNH Industrial N.V.
- Federal Coach
- Grech Motors
- Forest River
- Isuzu Motors Ltd.
- Krystal Shuttle Buses
- Toyota Motor Corporation
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Global Luxury Shuttle Buses Market: Segmentation Categories
Propulsion
- Diesel/Gasoline
- Alternate Fuels
- Battery Electric Buses
- Hybrid Electric Buses
Seating Capacity
- Below 25 Passengers
- 26 to 35 Passengers
- 36 to 55 Passengers
- 56 Passengers & Above
Application
- Corporate
- Government
- School Coach
- Airport Shuttle
- Hospital & Medical Coach
- Tourist Coach
- Others
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