Bus Transportation in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
5310Revenue
$18.2bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
944k
Businesses
677
Wages
$X.Xbn
Bus Transportation in China industry analysis
Revenue for the Bus Transportation industry is expected to fall at an annualized 5.1% over the five years through 2024. This trend includes anticipated revenue rise of 11.8% in the current year, to $23.6 billion. The COVID-19 pandemic resulted in significant decreases in 2020 and 2022. The industry is expected to include 3,729 bus transportation establishments in 2024, employing approximately 943,904 people. However, industry enterprises are governed by local governments, which standardizes the industry's development. The industry is featured as public interest. Industry enterprises generally operates in losses and rely on government subsidies.
As one of the main urban public transportation means and with rapid urbanization underway, China's public bus systems have been expanding rapidly. Public bus transportation systems in some large cities, especially in Beijing, Shanghai and Guangzhou, are very well developed.
The industry is anticipated to recover from the COVID-19 pandemic and grow over the next five years as China continues to urbanize. As more people move to cities and more attention is paid to environmental protection, the Government is forecast to increasingly encourage individuals to use public transportation. Industry revenue is projected to grow at an annualized rate of 7.8% over the five years through 2029, to $26.5 billion. As environmental concerns grow and restrictions on motor vehicle exhaust emissions become increasingly stringent, demand for eco-friendly buses is forecast to grow. The government is working on assistance policies for eco-friendly buses, aiming to provide subsidies for both purchases and maintenance.
Trends and Insights
- The industry is featured as public interest nature. Bus transportation is an important part of urban public transportation and a public utility with public-interest nature.
- Public bus transportation is the largest segment. Daily passenger transportation by public buses in urban and suburban areas with fixed departure times still represents the largest demand.
- Developed economies and large populations drive public transport demand. Regions with well-developed economies and large populations have large demand for public transportation, also bus transportation.
- Competition is limited within the cities. Industry companies generally operate in certain cities due to the fixed bus route network, regional oligopoly is the typical pattern.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 5.1 % over the past five years, to reach an estimated $18.2bn in 2024.
Trends and Insights
Repeated COVID-19 epidemic resulted in fluctuations in passenger flow and industry revenue
- In early 2020, to avoid further spread of COVID-19, people were advised to stay at home and keep social distance. Demand for bus transportation decreased accordingly. In 2020, industry revenue decreased by 37.4% to $14.8 billion.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Recovery of passenger flow from COVID-19 will stimulate industry growth
- The repeated COVID-19 epidemic in 2020 and 2022 have resulted in sharp drops of bus passengers.
Biggest companies in the Bus Transportation in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Beijing Public Transport (Group) Co., Ltd. | 927.4 | |
Guangzhou Public Transport Group Co., Ltd. | 691.0 | |
Chongqing Public Transport (Group) Co., Ltd. | 600.1 |
To view the market share and analysis for all 9 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Public bus transportation, Public trolley bus transportation and City tourism transportation. Public bus transportation is the largest segment of the Bus Transportation in China.
Trends and Insights
Public bus transportation is the largest segment
- Public bus transportation refers to daily passenger transportation by public buses in urban and suburban areas with fixed departure times.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Passenger Rail Transport in China
- Subway, Light Rail & Cable Car Transport in China
- Airlines in China
- Car Rentals in China
Complementors
- There are no industries to display.
International industries
- Public Transportation in the US
- Scheduled and Charter Bus Services in the US
- Public School Bus Services in the US
- Sightseeing Transportation in the US
- Public Transportation in Canada
Table of Contents
About this industry
Industry definition
The Bus Transportation industry in China provides public bus transportation services, including city public bus transportation, suburban public bus transportation, city public trolley bus transportation and tourism passenger transportation.
What's included in this industry?
Public bus transportationPublic trolley bus transportationCity tourism transportationCompanies
Beijing Public Transport (Group) Co., Ltd.Guangzhou Public Transport Group Co., Ltd.Chongqing Public Transport (Group) Co., Ltd.Purchase this report to view all 9 major companies in this industry.
Related Terms
LIQUEFIED PETROLEUM GAS (LPG)BUS RAPID TRANSIT (BRT)LIGHT RAILPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The industry is featured as public interest nature. Bus transportation is an important part of urban public transportation and a public utility with public-interest nature.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Public bus transportation is the largest segment. Daily passenger transportation by public buses in urban and suburban areas with fixed departure times still represents the l...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Developed economies and large populations drive public transport demand. Regions with well-developed economies and large populations have large demand for public transportati...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition is limited within the cities. Industry companies generally operate in certain cities due to the fixed bus route network, regional oligopoly is the typical pattern...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Profit is not the only target. Companies in the industry operate as enterprises, profitability is not the only goal of company operation, but also reflect a certain level of ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Beijing Public Transport (Group) Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Guangzhou Public Transport Group Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Chongqing Public Transport (Group) Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 6 additional companies
Detailed analysis
- Description and key data for Beijing Public Transport (Group) Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Guangzhou Public Transport Group Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Chongqing Public Transport (Group) Co., Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 6 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Industry companies rely on subsidies. The industry operates in losses due to its public-interest nature and low fare price, industry operators rely on government subsidies to...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry companies generally operate in losses. Operation in losses is common practice in the industry due to its public-interest nature.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Bus Transportation industry in China in 2024?
The market size of the Bus Transportation industry in China is $18.2bn in 2024.
How many businesses are there in the Bus Transportation in China industry in 2024?
There are 677 businesses in the Bus Transportation industry in China, which has grown at a CAGR of 0.1 % between 2019 and 2024.
Has the Bus Transportation industry in China grown or declined over the past 5 years?
The market size of the Bus Transportation industry in China has been declining at a CAGR of 5.1 % between 2019 and 2024.
What is the forecast growth of the Bus Transportation industry in China over the next 5 years?
Over the next five years, the Bus Transportation industry in China is expected to grow.
What are the biggest companies in the Bus Transportation market in China?
The biggest companies operating in the Bus Transportation market in China are Beijing Public Transport (Group) Co., Ltd., Guangzhou Public Transport Group Co., Ltd. and Chongqing Public Transport (Group) Co., Ltd.
What does the Bus Transportation in China include?
Public bus transportation and Public trolley bus transportation are part of the Bus Transportation industry.
Which companies have the highest market share in the Bus Transportation in China?
The company holding the most market share in China is Beijing Public Transport (Group) Co., Ltd..
How competitive is the Bus Transportation industry in China?
The level of competition is low and increasing in the Bus Transportation industry in China.
