Minibus Segmentation
Seating Capacity (Below 10 Seats, 10-20 Seats, Above 20 Seats)
In minibus market, 10-20 seats segment is projected to capture revenue share of over 41.1% by 2037. The demand for 10-20 seat minibuses is high as they are affordable travel options for individuals. Taxes and private cars can increase the travelling cost to short distances, whereas minibuses are a practical choice for commuters who want to split minibuses. Thus, to align with this trend many transport service providers adopt 10-20 seat minibuses.
Furthermore, industrial companies that offer travel services to their employees often invest in 10-20 seat minibuses. These buses are affordable, fuel-efficient, low-maintenance, flexible and can easily carry medium-sized passenger loads. This makes 10-20 seat minibuses a preferred choice to industrial companies, aiding them to cut operational and investment costs associated with large buses.
Apart from this, innovative vehicle manufacturing companies are investing heavily in R&D to produce next-gen public transportation solutions such as minibuses and vans. For example, Tesla is concentrating on developing next-gen fleet autonomous vehicles such as ROBOVAN. This vehicle can be used for cargo hauling purposes or mass transit of around 20 persons.
Propulsion (ICE, Electric, Hybrid)
By 2037, ICE segment is set to account for minibus market share of around 75.2%. ICE minibuses are more cost-effective than their electric or hybrid counterparts. ICE minibuses require low production costs, as don’t necessitate expensive battery technology, which increases their adoption rate in developing markets. Another factor that contributes to the sales of ICE minibus is that even if the fuel prices fluctuate, they don’t go higher than electricity costs. The simple propulsion design also reduces the maintenance cost of the ICE minibuses. As ICE are well-established model, the availability of spare parts is also quick and affordable. Thus, durability, reliability, and cost-effectiveness are major factors augmenting the sales of ICE minibuses.
Our in-depth analysis of the minibus market includes the following segments:
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