According to the recent research report titled ‘Luxury Coaches Market Size By Deck, By Fuel , Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global luxury coaches market is projected to grow substantially during 2020-2026.
 

Increasing number of tour operators in Middle East & Africa as well as in Latin America, surging demand for comfortable domestic travel in Asia-Pacific, booming tourism sector in Europe, and implementation of stringent emission regulations in North America are the key factors driving the growth of global luxury coaches market.
 

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For the record, luxury coaches are often referred to as large motor vehicle or a bus that is used for long trips or excursions by several people. These coaches are especially built for longer journeys and offer various amenities, such as comfortable seats and even a bathroom, that one would need while travelling.
 

Thus, rising cognizance regarding the benefits of such coaches among travelers along with their increasing popularity are propelling global luxury coaches market expansion. However, high initial, operational and maintenance costs is likely to hamper worldwide luxury coaches landscape.
 

Speaking of deck type, single deck segment held 85% share in global luxury coaches market in 2019 and is reckoned to register a decent growth in the ensuing years, primarily due to escalating demand for intercity travels. Usually, these coaches can hold 20 to 58 people and are equipped with fridges, restaurants, hot drinks, Wi-Fi, air conditioning, washrooms, flat screens, and DVDs, thereby fueling the segmental share.
 

Based on fuel type, electric segment of global luxury coaches market will witness modest gains during the forecast period, owing to surging demand for low vehicle emission and maintenance requirements.
 

Citing the regional landscape, Latin America luxury coaches industry is expected to accrue notable gains over the forthcoming years, on account of increasing number of private travel service providers. Buses or coaches in Brazil are usually luxurious coming with bathrooms, onboard snacks, air conditioning, and reclining seats, which in turn is facilitating the business scenario in Latin America.
 

Major contenders in global luxury coaches market are Zhengzhou Yutong Bus Co. Ltd., Xiamen Golden Dragon Bus Co. Ltd., Volvo Buses (Volvo Bus Corporation), Shanghai Shenlong Bus Co. Ltd., Scania AB, Neoplan Bus GmbH, Marcopolo SA, King Long United Automotive Industry Co. Ltd., JCBL Limited, Irizar Group, Dongfeng Automobile Co. Ltd., Daimler AG, BYD Co. Ltd., Beiqi Foton Motor Co. Ltd., Anhui Ankai Automobile Co. Ltd., and Alexander Dennis Limited.