The latest research study “Luxury Shuttle Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global luxury shuttle bus market size is expected to exhibit a CAGR of 8.94% during 2022-2027.
A luxury shuttle bus is a premium transportation mode offering a variety of amenities that are not available on a regular shuttle bus. These include extra legroom, reclining seats, footrests, personal attendants, fleece blankets and pillows, power outlets, high-capacity cargo bays, overhead luggage area, on-board washroom, Wi-Fi, television (TVs), complimentary beverages and snacks, and leather seats. A luxury shuttle bus also has kitchenettes comprising a sink, a refrigerator, a microwave, and a bar, wherein alcoholic beverages are restocked and included in the rental price. In recent years, luxury shuttle bus has gained immense traction due to the improving social status of individuals, especially in developing countries.
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Luxury Shuttle Bus Market Trends and Drivers:
The global luxury shuttle bus market is primarily driven by its rising use for weddings, concerts, airport transfers, birthdays and anniversaries, graduations, corporate events, bachelor and bachelorette parties, and sightseeing tours.
In line with this, the expanding travel and tourism industry is another significant growth-inducing factor. Additionally, the shifting inclination of celebrities, executives, and people toward luxury transport due to the inflating incomes and improving living standards have augmented product demand. Moreover, hiring licensed and highly experienced drivers for luxury transport services by screening them before employment.
Apart from this, luxury buses offer custom paint jobs to match their luxurious interior. This, coupled with the rising number of high-net-worth individuals (HNWIs), has catalyzed market growth.
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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.
Luxury Shuttle Bus Companies:
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.
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.
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