Minibus Market Report 2025 (Global Edition)

Global Minibus Market Report 2025 Market Size Split by Propulsion (IC engine, Electric), by End User (Schools, Tourism, Others), by Seating Capacity (Less than 20 seats, More than 20 seats)

Minibus Market Report Description

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Minibus Market Insights Video

Competitive Landscape of the Minibus Market

Numerous national and international competitors are vying for market share in the minibus industry with cutting-edge features and inventiveness. To fulfill the different needs of transportation, companies prioritize fuel efficiency, safety upgrades, and passenger comfort. Companies frequently enter into strategic alliances, mergers, and acquisitions in an effort to broaden their product offerings and geographic markets. In this fast-paced market, the need for economical and environmentally responsible transportation options fuels continued competitiveness and technical improvements.

August 2023: With their new entry into the accessible minibus market, Mistral Mobility has significantly expanded their range of products. This calculated action is in line with Mistral Mobility's mission to meet the varied demands of clients in the mobility industry and to offer accessible transportation options. (Source: https://mistral-group.com/mistral-welcomes-helen-ross-as-head-of-new-mobility-division/s) December 2023: Tata Motors' hydrogen fuel cell-based Starbus has received certification. This is expected to help the business facilitate this bus's road authorization. Source: https://auto.economictimes.indiatimes.com/news/commercial-vehicle/tata-motors-receives-first-pli-auto-certificate-from-arai-for-12m-fully-built-bus-in-m3-category/106292293#:~:text=Earlier%20this%20month%20CMVR%20type,all%20notified%20provisions%20of%20CMVR. February 2023: Ford Europe said today that it is proceeding with its business transformation in response to the ever-evolving market conditions and the increasing number of competitors vying for market share with electric vehicles. Source: https://media.ford.com/content/fordmedia/feu/gb/en/news/2023/02/14/ford-takes-next-steps-to-transform-european-business.html)

Top Companies Market Share in Minibus Industry: (In no particular order of Rank)

• New Power Transportation Ltd
• BusPro bus services co.Limited
• Kwoon Chung Bus Holdings Limited.
• Flying Eagle Bus Company
• Citybus
• GOGO Charters
• Flying Dragon Bus Co.
• AbhiBus
• Welson Transportation
• SG Bus Rental
• Bus Elite
• Bus2Charter
• Boston Charter Bus Company
• Elife limo
• Bus Rental Dubai
• US Coachways
• DASH MV
• 3S Bus Transport
• OsaBus
• RegioJet
• LA Charter Bus Company
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Minibus Market

Which Region Dominates the Minibus Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. North America's minibus marketplace is experiencing growth because of increasing urbanization, rising tourism, and a call for bendy public and private transportation solutions. The enlargement is driven by means of the want for cost-powerful transit options and upgrades in automobile technology, inclusive of stronger protection functions and eco-friendly designs. This growth reflects a broader trend towards flexible, efficient transportation solutions inside the region.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Minibus market. Asia Pacific's minibus marketplace is expanding as towns are trying to find bendy, cost-powerful transportation solutions to address city congestion and improve tourism. Growth is fueled by means of the demand for smaller, extra green motors that could navigate slim streets and offer green options. Innovations in automobile technology and stricter environmental policies are also contributing to the market's development throughout the location.

The current report Scope analyzes Minibus Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Minibus Market

According to Cognitive Market Research, the global Minibus market size was estimated at USD 10254.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4101.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Minibus market with a market size of USD 3236.35 million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. The nation's urbanization trends.
• The Canada Minibus market had a market share of USD 492.22 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Canada's public transportation demand.
• The Mexico Minibus market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 373.27 million in 2024.

Europe Minibus Market

According to Cognitive Market Research, the global Minibus market size was estimated at USD 10254.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3076.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2024 to 2031.

• The United Kingdom Minibus market had a market share of USD 516.83 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. In the UK, Minibus sales witness an upswing due to the environmental regulations.
• The France Minibus market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 283.03 million in 2024.
• According to Cognitive Market Research, the German Minibus market size was valued at USD 609.12 million in 2024 and is projected to grow at a CAGR of 3.7% during the forecast period. In Germany, Minibus surged due to the fuel efficiency.
• The Italy Minibus market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 264.57 million in 2024.
• The Russia Minibus market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 476.84 million in 2024.
• The Spain Minibus market is projected to witness growth at a CAGR of 2.6% during the forecast period with a market size of USD 252.26 million in 2024
• The Luxembourg Minibus market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 95.37 million in 2024.
• The Portugal Minibus market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 64.60 million in 2024.
• The Greece Minibus market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 36.92 million in 2024.
• Rest of Europe's Minibus market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 476.84 million in 2024.

Asia Pacific Minibus Market

According to Cognitive Market Research, the global Minibus market size was estimated at USD 10254.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2358.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.000% from 2024 to 2031.

• According to Cognitive Market Research, the China Minibus market size was valued at USD 1061.35 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Minibus surged in China due to the economic growth.
• The Japan Minibus market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 325.48 million in 2024.
• The India Minibus market had a market share of USD 283.03 million in 2024 and is projected to grow at a CAGR of 8.8% during the forecast period. India's government incentives.
• The South Korean Minibus market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 235.86 million in 2024.
• The Australian Minibus market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 122.65 million in 2024.
• The South East Asia Minibus market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 162.74 million in 2024.
• The Rest of Asia Pacific Minibus market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 167.46 million in 2024.

South America Minibus Market

According to Cognitive Market Research, the global Minibus market size was estimated at USD 10254.6 Million, out of which the Latin America market has more than 5% share of the global revenue with a market size of USD 512.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Minibus market size was valued at USD 219.45 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Minibus flourished in Brazil due to the infrastructure development.
• Argentina's Minibus market had a market share of USD 86.14 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Argentina's ride-sharing popularity.
• Colombia Minibus market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 45.63 million in 2024.
• Peru Minibus market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 42.04 million in 2024.
• Chile Minibus market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 36.92 million in 2024.
• The Rest of Latin America's Minibus market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 82.55 million in 2024.

Middle East and Africa Minibus Market

According to Cognitive Market Research, the global Minibus market size was estimated at USD 10254.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 205.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031..

• The GCC Countries Minibus market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 87.78 million in 2024. Minibus sales flourish due to the technological innovations.
• The Egypt Minibus market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 21.53 million in 2024.
• The South Africa Minibus market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 32.40 million in 2024. Minibus sales flourish in South Africa due to growing tourism industry.
• The Turkey Minibus market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 17.64 million in 2024.
• The Nigeria Minibus market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 21.53 million in 2024.
• The Rest of MEA Minibus market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 24.20 million in 2024.

Minibus Market Analysis

Minibus Market Propulsion Segment Analysis

According to Cognitive Market Research, IC engine stands out as the dominant category over the projected period. The inner combustion (IC) engine keeps pressure increasing within the minibus marketplace, specifically in regions where diesel and petrol engines remain popular. Their reliability, power, and set-up infrastructure support the ongoing calls. However, there is a growing shift closer to alternative power resources, which include electric-powered and hybrid engines, influenced by environmental policies and sustainability dreams.

Electric emerges as the fastest-growing category in the Minibus market. The electric-powered minibus market is expanding unexpectedly because of increasing environmental worries and advancements in battery technology. Electric minibusses offer decreased emissions, decreased running charges, and quieter operation, aligning with worldwide sustainability desires. This growth is driven by the aid of authorities incentives, stricter emission guidelines, and a rising call for for green public transportation answers.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Minibus Industry. Request a Free Sample PDF!

Minibus Market End User Segment Analysis

According to Cognitive Market Research, the dominant category is Schools. The minibus marketplace for schools is growing as instructional establishments are trying to find secure, efficient, and price-powerful transportation answers for college kids. Minibuses provide a sensible alternative to large faculty buses, supplying flexibility in routes and seating arrangements. Increased emphasis on pupil safety and finances constraints are using schools to spend money on minibuses for each day commutes and extracurricular activities.

The fastest-growing category in the Minibus market is Tourism. The minibus market is developing in tourism due to rising journey calls and the need for bendy, snug transportation for organizations. Minibusses are best for guided excursions, airport transfers, and travel services, supplying convenience and performance. This boom is supported by the aid of expanded global tourism, better consumer expectations, and the versatility of minibusses in accommodating numerous travel needs

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Minibus Seating Capacity Segment Analysis

Minibus Market Seating Capacity Segment Analysis

According to Cognitive Market Research, the dominant category is Less than 20 seats. The minibus marketplace for automobiles with fewer than 20 seats is increasing due to the growing call for smaller, extra-agile transportation answers. These minibusses offer flexibility, maneuverability, and value performance, making them perfect for city transit, personal rent, and specialized offerings. Their ability to navigate slender roads and adapt to various passenger needs drives their increasing popularity in numerous markets.

The fastest-growing category in the Minibus market is More than 20 seats. The minibus market for motors with more than 20 seats is expanding because of the extended call for large institution transportation solutions. These minibusses are perfect for company shuttles, tour offerings, and public delivery, supplying enough area and luxury. Growing journeys, tourism, and the need for green, scalable transit options for numerous passenger businesses push growth.

• Less than 20 seats
• More than 20 seats

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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