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Global Charter Bus Services Market to reach USD 24.28 billion by the end of 2030.

Global Charter Bus Services Market Size study & Forecast, by Application (Private Charter Services, Group Charter Services), by End User (Business/Corporates, Individuals) and Regional Analysis, 2023-2030

Product Code: OIRCGS-38747493
Publish Date: 20-07-2023
Page: 200

Global Charter Bus Services Market is valued approximately USD 18.02 billion in 2022 and is anticipated to grow with a CAGR of more than 3.8% over the forecast period 2023-2030. The charter bus services market refers to the industry that offers transportation services through chartered buses or coaches. It serves various clients for specific purposes such as events, tours, and transfers. These services provide cost-effective, comfortable, and convenient group transportation solutions. The market is competitive, driven by factors like event demands and the preference for organized travel. Charter bus services play a crucial role in meeting diverse transportation needs. Moreover, growing tourism market and growing urbanization anticipated as the growth drivers for global charter bus services market. Furthermore, rising disposable income and growing road connectivity fuel the market space during the forecasted year 2023-2030.

The COVID-19 pandemic had a significant impact on the global tourism industry. According to World Tourism Organization (UNWTO) in 2022, International tourist arrivals dropped to 406.89 million in 2020 but gradually increased to 455.7 million in 2021. Also, there was a substantial rebound in 2022, with approximately 963 million international arrivals. According to the United Nations Population Fund (UNFPA) in 2022, the world is witnessing an unprecedented surge in urban expansion. The global population is expected to rise to approximately 5 billion by 2030, with over half already residing in urban areas. Africa and Asia may experience the majority of this urbanization, resulting in significant societal, economic, and environmental changes on a large scale. The growth primarily focuses on the expansion of urban populations. However, growing environmental concern and stringent government regulation may hamper the growth of the market.

The key regions considered for the Global Charter Bus Services Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the charter bus services market due to its well-developed transportation infrastructure, diverse market demands, and robust business and tourism industries. The region’s extensive highway network and large population create ample opportunities for charter bus operators. Additionally, the presence of major corporate activities, popular tourist destinations, and vibrant sports culture contributes to the high demand for charter bus services. Established operators and a strong customer base further solidify North America’s position as the dominant region in the charter bus services market. Asia Pacific region is the fastest growing region in the charter bus services market due to rapid urbanization, a growing middle class with increased disposable income, a focus on sustainable transportation, and technological advancements. These factors have contributed to the region’s robust growth in charter bus services, driven by the need for efficient transportation, increased tourism activities, expanding business landscape, and improved connectivity.

Major market player included in this report are:
Barons Bus Lines
Chinook Charter Services
Coach, Inc.
Dousman Transport Co., Inc.
Durham School Services
Fullington Auto Bus Compnay
GOGO Charters
Golden Touch Transportation of New York Inc
King Rotors and Air Charter Private Limited
Northwestern Stage Lines

Recent Developments in the Market:
Ø In July 2022, Uber introduced its charter bus services in Houston, Texas, as well as in the Dallas-Fort Worth metroplex.
Ø In December 2022, CharterUP, a provider of charter bus services driven by technology, has recently expanded its service offerings beyond Texas to encompass other notable regions in the United States, including Austin and San Antonio.
Global Charter Bus Services Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application:
Private Charter Services
Group Charter Services

By End User:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Charter Bus Services Market, by Region, 2020-2030 (USD Billion)
1.2.2. Charter Bus Services Market, by Application, 2020-2030 (USD Billion)
1.2.3. Charter Bus Services Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Charter Bus Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Charter Bus Services Market Dynamics
3.1. Charter Bus Services Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing Tourism Market Growing Urbanization
3.1.2. Market Challenges Growing Environmental Concern Stringent Government Regulation
3.1.3. Market Opportunities Rising Disposable Income Growing Road Connectivity
Chapter 4. Global Charter Bus Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Charter Bus Services Market, by Application
5.1. Market Snapshot
5.2. Global Charter Bus Services Market by Application, Performance – Potential Analysis
5.3. Global Charter Bus Services Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
5.4. Charter Bus Services Market, Sub Segment Analysis
5.4.1. Private Charter Services
5.4.2. Group Charter Services
Chapter 6. Global Charter Bus Services Market, by End User
6.1. Market Snapshot
6.2. Global Charter Bus Services Market by End User, Performance – Potential Analysis
6.3. Global Charter Bus Services Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Charter Bus Services Market, Sub Segment Analysis
6.4.1. Business/Corporates
6.4.2. Individuals
Chapter 7. Global Charter Bus Services Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Charter Bus Services Market, Regional Market Snapshot
7.4. North America Charter Bus Services Market
7.4.1. U.S. Charter Bus Services Market Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Charter Bus Services Market
7.5. Europe Charter Bus Services Market Snapshot
7.5.1. U.K. Charter Bus Services Market
7.5.2. Germany Charter Bus Services Market
7.5.3. France Charter Bus Services Market
7.5.4. Spain Charter Bus Services Market
7.5.5. Italy Charter Bus Services Market
7.5.6. Rest of Europe Charter Bus Services Market
7.6. Asia-Pacific Charter Bus Services Market Snapshot
7.6.1. China Charter Bus Services Market
7.6.2. India Charter Bus Services Market
7.6.3. Japan Charter Bus Services Market
7.6.4. Australia Charter Bus Services Market
7.6.5. South Korea Charter Bus Services Market
7.6.6. Rest of Asia Pacific Charter Bus Services Market
7.7. Latin America Charter Bus Services Market Snapshot
7.7.1. Brazil Charter Bus Services Market
7.7.2. Mexico Charter Bus Services Market
7.8. Middle East & Africa Charter Bus Services Market
7.8.1. Saudi Arabia Charter Bus Services Market
7.8.2. South Africa Charter Bus Services Market
7.8.3. Rest of Middle East & Africa Charter Bus Services Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Barons Bus Lines Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Chinook Charter Services
8.3.3. Coach, Inc.
8.3.4. Dousman Transport Co., Inc.
8.3.5. Durham School Services
8.3.6. Fullington Auto Bus Compnay
8.3.7. GOGO Charters
8.3.8. Golden Touch Transportation of New York Inc
8.3.9. King Rotors and Air Charter Private Limited
8.3.10. Northwestern Stage Lines
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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