Luxury Coaches Market Growth Analysis to 2026: Revenue on the Rise
Selbyville, Delaware, United States, October 24 2020 (Wiredrelease) Global Market Insights, Inc –:Asia-Pacific luxury coaches market is observing substantial growth mainly because of convenience and comfortable ride along with relatively low-price travel options offered by luxury buses. Furthermore, surging investments by government establishments for providing comfortable travel services to people are also likely to stimulate the regional market development. Citing an instance, the Indian government reportedly announced plans of adding in nearly 200 new luxury buses to the transportation fleets of five states in December 2018.
Middle East & Africa luxury coaches market is likely to witness a steady growth owing to the tourism industry’s positive outlook across the region. In fact, companies functioning across these markets are further customizing their models to meet the specific high-income groups requirements. With high-end luxury coaches, the luxury coaches market is projected to record a lucrative rate of growth over the forecast timespan.
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The luxury coaches market is poised to accumulate noteworthy gains in the coming years owing to the growing adoption of autonomous and luxury coaches. Rising disposable incomes of consumers along with increasing discretionary spending capabilities, has further encouraged the consumers to opt luxury coaches mainly for comfortable long-distance travels. Considering the growing demand, many key market players are frequently innovating new solutions for customers.
For instance, in August 2020, Adventures Overland, a renowned self-driven expedition company, has reportedly announced plans of launching a 70 days bus trip from Delhi to London. The modified luxury bus would carry around 20 passengers and would be equipped with business class seats. Features such as Wi-Fi, USB ports, electricity plugs, individual entertainment system, mini pantry with cool box for storing beverages and snacks among others are some of the features of the modified luxury bus. The trips are likely to begin from mid- 2021.
Meanwhile, technological advancements in the field of vehicle automation and driver assistance systems have resulted in introduction new and fully automated luxury coaches models. However, the cascading effect of COVID-19 pandemic has majorly impacted the tourism industry across the globe. But, once the spread of COVID-19 is under control, tourism industry is expected to pick up significantly across the globe, leading to substantial luxury coaches market growth.
In terms of deck, single deck luxury coaches are witnessing remunerative growth rate owing to the low-cost in comparison to double deck coaches. Single deck buses are highly preferred owing to their high fuel efficiency because of low body weight and passenger carrying capacity. Likewise, the rising adoption of single deck coaches for domestic travel having a seating capacity of below 40 seats is further supporting their demand in the market.
Some Point from Table of Contents:
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
184.108.40.206. Market estimates and forecast, 2016 – 2026
220.127.116.11. Below 40 seats
18.104.22.168.1. Market estimates and forecast, 2016 – 2026
22.214.171.124. 40 – 70 seats
126.96.36.199.1. Market estimates and forecast, 2016 – 2026
188.8.131.52. Above 70 seats
184.108.40.206.1. 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
6.2.1. Market estimates and forecast, 2016 – 2026
6.3.1. Market estimates and forecast, 2016 – 2026
6.4. Natural gas
6.4.1. Market estimates and forecast, 2016 – 2026
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