Demand Outlook on Bus Market in India by 2024-25 – Research and Markets

DUBLIN--(BUSINESS WIRE)--The "Demand Outlook on Bus Market in India by 2024-25" report has been added to Research and Markets' offering

During 2015-16, the M&HCV passenger carrier segment, classified as maximum mass exceeding 7.5T but not exceeding 12T and maximum mass exceeding 12T but not 16.2T grew by 19.5%, selling 43,885 buses as compared to negative growth of 4.83% (36,837 buses) and 17.48% (38,709 buses) during FY15 and FY14 respectively.

The upward trajectory for demand for buses has started and its anticipated that the growth will continue in the years to come, this growth will be fuelled by both, new demand and replacement demand. Figure below, indicates the average ageing of bus fleet in different SRTUs, which clearly indicates huge upcoming replacement opportunity. With overall recovery in the economy and expected new orders by SRTUs, the bus sector is likely to witness strong growth.

Within the segments, the M&HCV segment is likely to outperform on account of JNNURM orders, revival in demand from Private Carriers and low-base effect. Apart from existing order, the domestic bus sales are also likely to benefit from a) Government's recent proposal of opening up the passenger transport sector to private players, b) higher allocation towards urban development projects and other initiatives such as Smart Cities etc.

Key Topics Covered:

1. Executive Summary

2. Research Approach & Methodology

3. Bus Market Landscape In India

4. Trend Is Bus Procurement By Leading State Transport Undertaking (E.G. Ksrtc, Best...)

5. Bus Market In India In 2016-17

6. Projecting Demand For School Bus By 2024-25

7. Projecting Demand For Buses From State Transport Undertaking By 2024-25

8. Projecting Demand For Ambulances From Hospitals By 2024-25

9. Projecting Demand For Buses At Airports

10. Benchmarking Bus Oems India Operations

11. Key Policy Drivers For Bus Industry In India

12. Government Intervention And Support That Will Drive The Sector

13. Electric Buses Prospective Potential In India

14. Top Export And Import Countries

15. Pestel Analysis For Indian Bus Market

16. Demand For Tyres From Bus Segment

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