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Technavio Estimates $ 2.46 Billion Incremental Growth in Bus Seating Systems Market During 2020-2024

·6-min read

Technavio has been monitoring the bus seating systems market and it is poised to grow by USD 2.46 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201203005910/en/

Technavio has announced its latest market research report titled Global Bus Seating Systems Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the bus seating systems market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by type, which is the leading segment in the market?
    The coach buses segment led the market in 2019.

  • What are the major trends in the market?
    Increasing demand for comfort and luxury seats is the major market trend.

  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of almost 12% during the forecast period.

  • Who are the top players in the market?
    Adient Plc, AUNDE Group SE, Commercial Vehicle Group Inc., Franz Kiel GmbH, Freedman Seating Co., GRAMMER AG, Harita Seating Systems Ltd., Lear Corp., Ningbo Joyson Electronics Co. Ltd., and Pinnacle Industries Ltd. are the top players in the market.

  • What are the key market drivers and challenges?
    The market is driven by high investments in bus transportation by governments. However, rising cost pressure on automotive OEMs might hamper growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Adient Plc, AUNDE Group SE, Commercial Vehicle Group Inc., Franz Kiel GmbH, Freedman Seating Co., GRAMMER AG, Harita Seating Systems Ltd., Lear Corp., Ningbo Joyson Electronics Co. Ltd., and Pinnacle Industries Ltd. are some of the major market participants. Although the high investments in bus transportation by governments will offer immense growth opportunities, rising cost pressure on automotive OEMs is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this bus seating systems market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Bus Seating Systems Market 2020-2024: Segmentation

Bus Seating Systems Market is segmented as below:

  • Type

    • Coach Buses

    • Transit Buses

    • School Buses

    • Transfer Buses

  • Geography

    • APAC

    • Europe

    • North America

    • South America

    • MEA

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Bus Seating Systems Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The bus seating systems market report covers the following areas:

  • Bus Seating Systems Market Size

  • Bus Seating Systems Market Trends

  • Bus Seating Systems Market Industry Analysis

This study identifies the increasing demand for comfort and luxury seats as one of the prime reasons driving the Bus Seating Systems Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Bus Seating Systems Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist bus seating systems market growth during the next five years

  • Estimation of the bus seating systems market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the bus seating systems market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of bus seating systems market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Bus type

  • Market segments

  • Comparison by Bus type

  • Coach buses - Market size and forecast 2019-2024

  • Transit buses - Market size and forecast 2019-2024

  • School buses - Market size and forecast 2019-2024

  • Transfer buses - Market size and forecast 2019-2024

  • Market opportunity by Bus type

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Adient Plc

  • AUNDE Group SE

  • Commercial Vehicle Group Inc.

  • Franz Kiel GmbH

  • Freedman Seating Co.

  • GRAMMER AG

  • Harita Seating Systems Ltd.

  • Lear Corp.

  • Ningbo Joyson Electronics Co. Ltd.

  • Pinnacle Industries Ltd.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201203005910/en/

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Technavio Research
Jesse Maida
Media & Marketing Executive
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