The Global Minibus Market Size valued for USD 9.6 Billion in 2021 and is anticipated to reach USD 13.8 Billion by 2030 with a CAGR of 4.3% from 2022 to 2030.

A minibus is a sizable van with windows along its sides and passenger seats in the back. A mini bus, as the name implies, is a smaller bus that can hold between 12 and 20 passengers, depending on the exact model. Many businesses have been forced to expand their offerings to include minibus services due to the growing corporate trend to transport large groups of people more affordably without sacrificing reliability. Finding models that are accessible for those in wheelchairs can be especially important because minibuses have more seats and are more likely to be used for a variety of passengers than family cars. Specially designed seats, additional space, handrails, a place to attach a ramp, and particular lighting on steps are all features that can improve accessibility. Purchasing a specially designed model rather than modifying a minibus may be more cost-effective for vehicles that will frequently be used to transport disabled passengers.

Minibus Market Dynamics

The use of alternative fuel is being encouraged by automakers and governments to lessen the greenhouse effect in response to growing concerns about environmental degradation brought on by harmful emissions from vehicles. The production and sales of the 9 – 15 mini bus have increased as a result in recent years. Additionally, OEMs are making significant investments in the creation of 9 – 15 minibuses. In India, the Hyundai Motor Company will introduce its first AC 9 – 15 minibus in June 2021. The company wants to reach commuters in India who travel frequently and for pleasure.

The demand for minibuses for recreational purposes is likely to increase as a result of touring activities and a rising trend of rising expenditure on leisure and sports. As the demand for high-performance, low-emission vehicles that can be used in challenging terrain and harsh environmental conditions grows, minibus manufacturers' attention is shifting to environmentally friendly designs and technologies, which bodes well for the future of minibus for recreational use.

Minibus Market Insights

The minibus market is mainly divided into body type, seat type, end-use, and geographic segments. The body type category is divided into body build and purposes build. Based on seat type, the market is split into 16 – 25, 9 – 15, and 26 – 35. By end-use, the segment is bifurcated into school bus, recreational purpose, and others. Furthermore, the region segment is categorized into North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa.

Global Minibus Market Geographical Competition

Due to the high sales of commercial vehicles, the Asia Pacific market is anticipated to account for a sizeable portion of revenue. Additionally, the demand for minibuses is being driven by rising government spending on the construction of rural road infrastructure, which is anticipated to support the expansion of the target market. Over the forecast period, China is anticipated to have the fastest growth. Japan alone holds about 30% of the East Asian minibus market thanks to the country's booming public transportation sector. By the end of the forecast period, Japan and South Korea are expected to generate significant revenue in the global minibus market. Additionally, in order to strengthen the distribution channel and support the expansion of the target market, players concentrate on acquiring regional competitors. Due to various political and technological conflicts, some regions, including Oceania and the Middle East and Africa, have experienced close to stagnant growth in recent years when compared to other growing regions.

Global Minibus Industry Segment Analysis

Market By Body Type

·         Body Build

·         Purpose Build

Market By Seat Type

·         9 - 15

·         16 - 25

·         26 - 35

Market By End-Use

·         School Bus

·         Recreational Purpose

·         Others

Minibus Market Leading Companies

The players profiled in the report are Al Fahim Group, Brian Noone Limited, Carrocerias Ferqui Sl, Car-bus.net, CaetanoBus, Integralia Movilidad S.L., Mussa & Graziano SRL, Komvek Karoser Ltd.Sti, Woodall Nicholson Limited, and Unidad de Vehículos Industriales, SA.

A global automaker called Hyundai Motor Company released the Country 9 – 15 9 – 15 minibus in 2020. This bus has a powerful 128 kWh lithium-ion polymer battery installed. It was introduced by the company as a cost- and environmentally-friendly substitute for buses that run on 16 – 25. This is anticipated to assist the business in growing its customer base and revenue share.

Chinese automaker BYD Auto Co., Ltd. introduced two 9 – 15 vehicles (EVs) in 2019 called the BYD T3 MPV and BYD T3 minivan, both of which support standard AC chargers. This End-Use launch is anticipated to aid the company in expanding its End-Use line and customer base in the Indian market.

Minibus Market Regions