Bus Flooring Market

Bus Flooring Market Snapshot

According to Future Market Insights research, during the projected period, the Global Bus Flooring Market is set to enjoy a valuation of US$ 334.5 Mn in 2022, and further grow at a CAGR of 4.5% during 2022-2032. The top 3 nations are anticipated to control around 23.0 % of the market by the end of 2022, as sales of Bus Flooring are expected to soar.

Manufacturers are focusing on offering floor tile with high quality, durability, and safety. The recent advancement in technology offers a variety of deep embossed bus floor patterns that offer a sturdy surface, providing slip resistance features. A new forecast by FMI analysis estimates that bus flooring sales will augment during 2022-2032 and is anticipated to create a growth opportunity of US$ 186.7 Mn.

Growing demand for public transport across the world is anticipated to boost the production and sales of public buses, thereby boosting the bus flooring market. Moreover, the increasing demand for electric buses is projected to create a growth opportunity for the bus flooring market during the forecast period.

Historic Market Outlook for Bus Flooring

The global bus flooring market witnessed a CAGR of 2.1% during the historic period (2017 – 2021) with a market value of US$ 305.4 Mn in 2021.

The global bus flooring market is driven by increasing public transportation and growing travel and tourism activities worldwide. The design strategies for public transport are continuously evolving to meet end-user demand across the globe. The increasing demand for unique floor design and patterns that provides excellent traction, safety, and durability is anticipated to boost the growth of the bus flooring market.

The advancement of flooring technology and increasing demand for customized designs and patterns is set to provide a positive outlook for the bus flooring market growth. Along with the customized design, the focus on lightweight, flexible, and cost-effective material based bus floors is fuelling the market growth.

The increasing demand for emission-free and energy-efficient mass transit solutions is paving the way for the growth of electric buses across the world, which is positively influencing the growth of the bus flooring market. Governments all over the world have launched programmes and initiatives to boost the productivity of electric buses. The demand for safe, durable and light-weight material for bus flooring is increasing as the production of electric buses is increasing at a significant rate. The market for bus flooring is also driven by the increasing maintenance and repair activities of the old buses.

Which factors are influencing the sales of Bus Flooring Market?

The market for bus flooring is mainly driven by the increasing demand for durable flooring products. Manufacturers of the bus flooring are more focused on developing high strength material based floors that are flexible, reliable and, light-weight. The manufacturers are also concentrating on providing bus floors with heavy load carrying capacity. The increase in travel and tourism across the world and boost in the local transport activities is surging the bus flooring market demand.

The increasing demand for electric buses is one of the significant factors driving the demand for bus flooring. As the world is shifting towards electrification, the production of electric buses is also increasing, thereby increasing the demand for bus floor. Also, bus refurbishing activities is positively influencing the bus flooring market's growth. Moreover, the increasing demand for corporate and intra city buses are also boosting the demand for bus floor.

Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

Which Bus Flooring Type are highly preferred?

The demand for anti-slip bus flooring is increasing as it provides safety and helps to avoid unwanted accidents by providing better grip during travel. Some of the anti-slip bus flooring are made of silica and PVC materials which provides rough surface with high slip resistance. The anti-slip bus flooring segment is estimated to hold approximately 58.2% of the global bus flooring market by the end of 2032.

Which Sales Channel offers a Lucrative Growth Opportunity for the Global Bus Flooring Market?

OEM is anticipated to dominate the global bus flooring market. The Original Equipment Manufacturer segment for global bus flooring is anticipated to grow at 4.1% CAGR by volume over the forecast period. The largest share contributed by OEM is in the North American region. Key players in the market are partnering with prominent automotive manufacturers to achieve significant profitability and penetrate into several regions.

Country-wise insights

What is the Bus Flooring market outlook in the U.S.?

Buses are the key public transit in the U.S. Buses deliver more rides yearly than all other public transit modes combined. The region has well-known presence of bus manufacturing companies, such as REV Group Inc., Collins Bus Corp., Navistar International Corporation and many others. The U.S. is projected to hold around 73.2% of the North America bus flooring market by the end of 2032.

How will India influence the market for Bus Flooring?

The increasing middle class economy and increasing number of people opting for public transport are some of the factors driving the demand for buses in the country, which is indirectly boosting the demand for bus flooring. Also, the India electric bus market is anticipated to grow at a significant pace in next few years owing to rising investment from central and state governments. The growing demand for buses in India is thereby driving the growth of the bus flooring market in the country.

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Competitive Landscape

The key players operating in the Bus Flooring market are focusing on expanding their market presence to meet the growing demand for Bus Flooring during the projected period. Also, the key players are adopting collaboration & joint venture strategies with vehicle manufacturers to expand their revenue.

Scope of the Report

Bus Flooring Market by Category

By Floor Type, Bus Flooring Market is segmented as:

• Standard
• Anti-Slip

By Material, Bus Flooring Market is segmented as:

• Aluminum
• Rubber
• Plastic
• Plywood
• Bamboo

By Sales Channel, Bus Flooring Market is segmented as:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Region, Bus Flooring Market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa