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(Transportation-News.com, August 14, 2018 ) Charter bus services industry includes establishments that are mainly involved in offering charter bus services not operating over fixed routes and schedules. Customers are required to rent the entire vehicle, rather than individual seats.
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The global charter bus services market was valued at $24 billion in 2017, and is expected to register high growth rates due to increasing investments in transportation networks in remote areas and increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, low oil prices and increasing adoption of big data analytics to analyse consumer behaviour.
Western Europe was the largest geographic region in the market, due to a large population, presence of extensive public and private transportation network and government subsidies for transportation services.
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The USA was the largest country in the market. This is due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers. The USA is followed by China and India as the next largest countries in the market.
The major competitors in the market are FirstGroup PLC, Durham School Service, Dousman Transport Co, Wisconsin Coach Lines Group and Coach USA. FirstGroup plc is a British transport group, registered and operating in the United Kingdom. The company also operates transport services in Ireland, Canada and the United States. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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