Middle East and Africa luxury coaches market to emerge as a lucrative growth ground for luxury coaches industry perhaps attributing to the thriving tourism industry. Firms operating in these markets have been offering high levels of customization in their models to cater to the specific needs of high-income groups.
As per reports, the growth predominantly comes for increasing adoption of electric and autonomous luxury coaches, in tandem with stringent regulations pertaining to vehicular emissions put forth by various governmental authorities as the likes of EPA, and EU. These regulations have undeniably, escalated the demand for electric luxury coaches, paving way for the market players to invest accordingly in the development of these, thus catering to a widespread population base.
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Citing an instance for the same, Proterra, in partnership with Belgian coach maker- Van Hool, announced in 2017, that it was working towards the development of electric motor or luxury passenger coaches for facilitating long distance travel routes. These coaches, as per company officials, would boast of a relatively high floor, allowing passengers to be seated comfortably while making room for their luggage. Such initiatives in the field are expected to drive the luxury coaches market progression at a larger scale in the near future.
However, one of the important points to note here is that the outbreak of dreaded COVID-19 pandemic has brought about a halt in the demand for luxury coaches market, owing to the enforcement of lockdown across various economies, thus impeding its growth. Nevertheless, post upliftment of lockdown policies, the market is estimated to record significant gains in the upcoming years.
Technological developments are also deemed to be a crucial growth driver for the overall luxury coaches industry. It has been predicted that advancement in the field of driver assistance and vehicle automation systems have evoked the introduction of fully automated models of luxury coaches over recent years. In a recent incidence, Pininfarina- a Mahindra Group firm- had announced rolling out luxury electric car, Battista, globally. As per news reports, endorsing a torque of 1,900 hp and 2,300 Nm, the newly launched car combines extreme technology and engineering in a zero emissions package, complying to the no emission standards.
Speaking of its worldwide prominence, luxury coaches have been witnessing prolific demand from the Asia Pacific region, courtesy- the ease of rise, convenience, and comparatively lower cost travel options offered by luxury buses. Also, not to mention, rising investments by government authorities to offer comfortable travel facilities to the residents have also been substantially fueling the regional market growth.
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Partial Chapter of the Table of Content
Chapter 4. Luxury Coaches Market Competitive Landscape, 2019
4.1. Introduction
4.2. Company market share analysis
4.3. Key player analysis
Chapter 5. Luxury Coaches Market, By Deck
5.1. Key trends by deck
5.2. Single deck luxury coaches
5.2.1. Market estimates and forecast, 2016 – 2026
5.2.2. Seating capacity
5.2.2.1. Market estimates and forecast, 2016 – 2026
5.2.2.2. Below 40 seats
5.2.2.2.1. Luxury coaches market estimates and forecast, 2016 – 2026
5.2.2.3. 40 - 70 seats
5.2.2.3.1. Market estimates and forecast, 2016 – 2026
5.2.2.4. Above 70 seats
5.2.2.4.1. Market estimates and forecast, 2016 – 2026
5.3. Double deck luxury coaches
5.3.1. Market estimates and forecast, 2016 – 2026
Chapter 6. Luxury Coaches Market, By Fuel
6.1. Key trends by fuel
6.2. Diesel
6.2.1. Market estimates and forecast, 2016 - 2026
6.3. Electric
6.3.1. Market estimates and forecast, 2016 - 2026
6.4. Natural gas
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