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.
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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:
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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:
Value chain analysis
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 Segmentation by Bus type
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
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 positioning of vendors
AUNDE Group SE
Commercial Vehicle Group Inc.
Franz Kiel GmbH
Freedman Seating Co.
Harita Seating Systems Ltd.
Ningbo Joyson Electronics Co. Ltd.
Pinnacle Industries Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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/