Buses market seen reaching $113.27B by 2030

The global buses market was valued at $77.2 billion in 2025 and is forecast to hit $113.27 billion by 2030, driven by electrification, smart mobility systems and stronger demand for public transit. Asia-Pacific led the market in 2025, while Europe is expected to grow fastest.

Why it matters: - The buses market is tied to urban mobility, tourism and public transit investment, so its growth signals broader demand for cleaner and more efficient passenger transport. - The shift toward electric and zero-emission buses points to a bigger transition in fleet procurement, infrastructure and city planning.

What happened: - The buses market reached $77.2 billion in 2025. - The market is projected to rise to $83.21 billion in 2026, reflecting 7.8% annual growth. - The market is forecast to reach $113.27 billion by 2030, at an 8.0% CAGR. - The analysis comes from The Business Research Company’s Buses Global Market Report 2026.

The details: - The report says past growth was supported by urban public transportation expansion, diesel bus adoption, government funding for mass transit infrastructure, intercity travel demand and school transport networks. - Future growth is expected to come from electric and zero-emission buses, smart mobility technologies, eco-friendly public transport demand, smart city transportation frameworks and tourism-related travel. - Key trends include electrification of public transit fleets, telematics and fleet management systems, low-floor and accessible bus models, luxury and comfort coaches, and digital ticketing and payment systems. - Buses are defined in the report as large motor vehicles used for short urban routes and long-distance intercity travel. - The vehicles are described as prioritizing efficiency, safety and comfort through high passenger capacity, durable structures, fuel-efficient technologies and safety and comfort features. - In February 2026, VisitBritain said inbound tourism to the UK would reach 45.5 million visits and generate about $45.3 billion (£35.7 billion) in spending, up 4% in visitor numbers and 7% in nominal spending from 2025. - The report says that tourism and travel activity directly support bus demand for group travel, sightseeing and intercity connectivity.

Between the lines: - The market outlook suggests bus operators and manufacturers are being pushed to modernize fleets while keeping prices and operating costs competitive. - Electrification and digital fleet tools are becoming part of the competitive baseline, not just optional upgrades. - Strong tourism growth adds another demand layer beyond city transit, especially for coaches and intercity service.

What's next: - Asia-Pacific held the largest share of the market in 2025. - Europe is expected to be the fastest-growing region in the coming years. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. - The 2026 report adds market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards, market hotspot infographics and updated graphics and tables. - The Business Research Company is offering a free sample and the full report online.