Market Forecast By Type (Single Deck, Double Deck), By Application (Transit, Coaches, Others), By Fuel Type (Diesel, Electric and Hybrid, Others), By Seat Capacity (15-30 Seats, 31-50 Seats, More than 50 Seats) And Competitive Landscape
Product Code: ETC361115 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Australia Bus Market |
Forecast period | 2025-2031 |
CAGR | 7.4% |
Growing Sector | Automotive |
The Australia Bus Market Report thoroughly covers the market by type, by application, by fuel type and by Seat Capacity. The Australia Bus Market Outlook report provides an unbiased and detailed analysis of the ongoing Australia Bus Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The Australia Bus Market has attained prominent growth and is expected to grow more in the future. This growth can be attributed to the rising population and urbanization. Along with the changing consumer preferences as more people move to cities and prioritize sustainable transportation options, buses have become a popular choice for commuters, students, and tourists alike and the government initiatives lead to the growth of Australia Bus Market.
According to 6Wresearch, Australia Bus Market is projected to rise at a CAGR of 7.4% 2025-2031. One of the major drivers in the growth of this market can be attributed to the rise in the population, urbanization and changing consumer preferences as more people move to cities and prioritize sustainable transportation options, buses have become a popular choice for commuters, students, and tourists alike. Furthermore, the government's focus on promoting sustainable transport and reducing carbon emissions has also played a significant role in boosting the sector. This has led to increased investment and support for the bus market, creating opportunities for growth and development of the Australia Bus Market. However, there are also some challenges faced by the Australia Bus market, such as high operating and maintenance costs for buses, which can be a barrier for smaller players to enter the market. Additionally, inadequate infrastructure at bus stops and terminals can discourage people from using buses hinders the growth of Australia Bus Market so there is a need for increased investment in the sector and collaboration between the government and private companies.
Some Key Players in the Australia Bus Market include Volvo Bus Corporation, Scania AB, Daimler AG, Yutong Group, and Isuzu Motors Ltd. These firms deliver more than just public transit buses; they also provide maintenance, parts, and financial services, securing a robust position in the market with their all-inclusive offerings.
The government initiatives such as the National Public Transport Strategy, which aims to improve public transport services across the country. Additionally, promotion by the government for the use of sustainable mode of transport like electric buses by providing Subsidies and Tax Rebates and investment in charging infrastructure for the adoption of electric vehicles leads to the growth of Australia Bus Market. Moreover, the government encourages local manufacturing of electric buses, partnering with industry players to enhance local capabilities. These initiatives are aimed at reducing emissions, improving public transport, and fostering a sustainable transport industry in Australia.
Australia Bus Market is witnessing significant growth which can be attributed to the rise in the population, urbanization and changing consumer preferences as more people move to cities and prioritize sustainable transportation options, buses have become a popular choice for commuters, students, and tourists alike, and the government's focus on promoting sustainable transport and reducing carbon emissions has also played a significant role in boosting the sector. This has led to increased investment and support for the bus market which will lead to the growth of the Australia Bus Market in coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, single deck segment dominated this industry and will grow in the coming years due to the increasing focus on sustainability and reducing carbon emissions. Single deck buses have a smaller carbon footprint compared to double deck buses, making them a more environmentally friendly option. Furthermore, with the rise of ride-sharing services and increased usage of personal vehicles, there is a growing need for smaller, more flexible buses that can cater to shorter distance trips. Single deck buses are well-suited for this purpose, making them a preferred option in urban areas.
Based on Application, the transit segment is the dominant segment and is expected to witness the highest growth in the coming years due to their high usage in urban areas. The growing population in major cities has led to an increase in demand for public transport, which is driving the growth of transit buses. Additionally, government initiatives to reduce traffic congestion and promote sustainable transportation are also expected to boost the market for transit buses.
Based on Fuel Type, diesel fuel type segment dominates the Australian market which can be attributed to the lower cost of diesel fuel compared to other alternatives, making it a more viable option for bus operators. However, with increasing concerns about air pollution and greenhouse gas emissions, there has been a growing push towards using cleaner fuels such as electric and hybrid in the transportation sector.
Based on Seat Capacity, more than 50 seats segment is dominant in the industry and will grow in the coming years due to the factors such as increasing tourism and rising urbanization in Australia. These larger buses are also often used for long-distance travel, making them a popular choice for interstate trips.
The report offers a comprehensive study of the subsequent market segments: