Bus Charter Services Market

Bus Charter Services Market: Introduction

• Increasing demand for commercial and private vehicle rental services and rising spending capacity of consumers on entertainment and recreational activities across the globe are expected to boost the bus charter services market during the forecast period
• Bus charter services are used for hiring a bus by a person or by an organization in order to transport a group of people to a certain destination that is determined by the group. Such charter buses are widely used for group traveling to short and long distances. Charter buses have a driver, Wi-Fi, onboard bathrooms, and undercarriage storage space.

Bus Charter Services Market: Key Trends

• Growing tours & travel industry across the globe, led by consumer’s visiting different tourist places in a group or individually, is anticipated to boost the bus charter services market. Most groups visiting different tourist places always rent a car or a bus for travel convenience. Such buses are made available by different bus charter service providers, who offer compact size minibuses, full-size charter buses, or custom build fleets with a mixture of both sizes. These buses are equipped with different features, which provide safety, security, and convenience to the travelers. Therefore, increasing group and individual travelling has driven the demand for bus charter services.
• Growing requirement and demand for transportation encourages bus companies to opt for vehicle management software. Technology and digital presence is required in the system to streamline and organize the charter bus services and guide the service providers in maintaining and organizing the data and payments. Moreover, the management software used by the bus companies modernize their manual and complex processes, including bus scheduling, invoice, quoting, bus assigning and dispatch, analytical report, and building itineraries. Hence, rising usage of management software in charter buses drive the market.

Opportunities in Bus Charter Services Market

• Rising adoption of advanced technological solutions for vehicle rental services is projected to boost the bus charter services market during the forecast period. Bus rental or charter system is automated to reduce manual work and improve staff’s and vehicle’s performance. Moreover, service providers must have integrated systems that can manage huge flow of data from every process of the system. The integrated system collects entire data and store it on a single platform for further decisions. Therefore, adoption of such technology for charter bus management is anticipated to boost the market in the near future.
• Growing population of affluent class in the developed and developing regions is expected to increase the booking of more mini buses for their short and long route travels. Moreover, the affluent class consumers have high disposable income to spend on recreational activities, which make them one of the prominent customers of the market.

Bus Charter Services Market in North America to Expand Significantly

• Popularity of bus charter services is increasing in North America and other developed countries across the globe due to developed technologies in the transportation industry and tech savvy customers in the region. Moreover, North American consumers are majorly focused toward their safety and security while travelling, whereas, vehicle management services offer such security features to customers, which augment the demand for charter bus services. Asia Pacific is expected to register the highest growth in the global bus charter services market during the forecast period. Highest growth in the regional population shows more number of urban residents. These residents opt for short and long distance trips via bus charter services, which further drives the market.

Key Players Operating in Bus Charter Services Market

The bus charter services market is moderately consolidated. Few of the key players operating in the global bus charter services market are:

• FirstGroup plc
• Dousman Transport Co., Inc.
• Wisconsin Coach Lines
• Northwestern Stage Lines
• Stagecoach Group
• Barons Bus
• Golden Touch Transportation
• Fullington Auto Bus Co.
• Quality Assurance Travel
• Fisher Bus Inc.
• Transportation Charter Services
• School Bus Inc. DBA SBI Charters
• Durham School Services
• Chinook Charter Services
• US Coachways

Global Bus Charter Services Market: Research Scope

Global Bus Charter Services Market, by Service Type

• Long-distance Charter Services
• Local Charter Services

Global Bus Charter Services Market, by Bus Type

• Coach Bus
• Mini Coach
• School Bus
• Mini Bus
• Sprinter Van

Global Bus Charter Services Market, by End-users

• Private Charter Services
• Commercial Charter Services

Global Bus Charter Services Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa