Demand for buses worldwide will expand 4.2 percent annually through 2014, reflecting rebounding demand in North America as well as sustained sales in many other markets. China will remain both the largest market for buses and the largest producer, and will be one of the fastest growing bus markets.

This study analyzes the 403,700 unit global bus market. It presents historical demand data for the years 1999, 2004 and 2009 forecasts for 2014 and 2019 by bus type (e.g., transit buses, motor coaches), world region and for 19 major national markets.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry participants, including Daimler, Hyundai and Navistar.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		Introduction							       x

	I.	Executive Summary						       1

	II.	Market Environment						       4
		General								       4
		World Economic Overview						       5
		   Recent Historical Trends					       6
		   World Economic Outlook					       8
		Personal Income & Expenditure Trends				      11
		World Population Overview					      13
		World Light Vehicle Overview					      15
		   Light Vehicle Production					      16
		   Light Vehicle Sales						      20
		Environmental & Regulatory Factors				      22
		Pricing Trends							      26

	III.	Overview							      28
		Global Bus Demand						      28
		Bus Demand by Region						      29
		Bus Demand Dynamics						      33
		Bus Demand by Product Type					      35
		   Transit Buses						      37
		   Motor Coaches						      39
		   Other Buses							      41
		Bus Production by Region					      42
		Bus Park by Region						      46
		Bus Demand by Fuel Type						      48
		Busways & Bus Rapid Transit Systems				      52
		Bus Foreign Trade						      54

	IV.	North America							      56
		General								      56
		Bus Demand by Type						      59
		United States							      62
		Canada								      68
		Mexico								      73

	V.	Western Europe							      78
		General								      78
		Bus Demand by Type						      80
		France								      83
		Germany								      88
		United Kingdom							      93
		Italy								      98
		Spain								     103
		Sweden								     108
		Belgium								     113
		Other Western Europe						     117

	VI.	Asia/Pacific							     122
		General								     122
		Bus Demand by Type						     125
		China								     127
		India								     134
		Indonesia							     139
		Japan								     143
		South Korea							     148
		Australia							     153
		Taiwan								     158
		Other Asia/Pacific						     162

	VII.	Other Regions							     166
		Central & South America						     166
		   Macroeconomic & Bus Industry Overview			     166
		   Bus Demand by Type						     168
		   Brazil							     171
		   Other Central & South America				     175
		Eastern Europe							     179
		   Macroeconomic & Bus Industry Overview			     179
		   Bus Demand by Type						     181
		   Russia							     183
		   Other Eastern Europe						     188

		Africa/Mideast							     192
		   Macroeconomic & Bus Industry Overview			     192
		   Bus Demand by Type						     195

	VIII.	Industry Structure						     197
		General								     197
		Industry Composition & Market Share				     200
		Research & Product Development					     203
		Manufacturing							     205
		Marketing							     208
		Distribution							     209
		Financial Issues & Requirements					     210
		Mergers, Acquisitions & Industry Restructuring			     212
		Cooperative Agreements						     213
		Company Profiles						     220
		   Advanced Public Transport Systems, see VDL Groep
		   Alexander Dennis Limited					     221
		   Ashok Leyland Limited					     223
		   Berkshire Hathaway Incorporated				     225
		   Blue Bird Corporation					     227
		   Champion Bus, see Thor Industries
		   Collins Industries Incorporated				     229
		   Consorcio G Grupo Dina SA de CV				     231
		   Daewoo Bus Corporation					     232
		   Daimler AG							     234
		   Dandong Huanghai Automobile, see Liaoning Shuguang 
		      Automotive Group
		   Detroit Diesel, see Daimler
		   ElDorado National California, see Thor Industries
		   EvoBus, see Daimler
		   Fiat SpA							     240
		   General Motors Company					     242
		   Gillig LLC							     243
		   Goshen Coach, see Thor Industries
		   Haci Omer Sabanci Holding AS					     244
		   Hino Motors, see Toyota Motor
		   Hyundai Motor Company					     246
		   IC Bus, see Navistar International
		   Irisbus Group, see Fiat
		   Irizar S Cooperativa, see Mondragon Corporacion Cooperativa
		   Liaoning Shuguang Automotive Group Company Limited		     248
		   Mahindra Navistar Engines Private, see Navistar International
		   MAN SE							     249
		   Marcopolo SA							     252
		   Minsky Avtomobilny Zavod					     254
		   Mitsubishi Fuso Truck and Bus, see Daimler
		   Mondragon Corporacion Cooperativa				     255
		   Motor Coach Industries Incorporated				     257
		   Navistar International Corporation				     258
		   NEOPLAN Bus, see MAN
		   New Flyer Industries Incorporated				     261
		   Nissan Diesel Motor, see Volvo
		   North American Bus Industries Incorporated			     263
		   Nova Bus, see Volvo
		   Polomex, see Daimler and Marcopolo
		   Prevost Car, see Volvo
		   Scania, see Volkswagen
		   Solaris Bus & Coach SA					     264
		   Superpolo, see Marcopolo
		   Tata Marcopolo Motors, see Marcopolo and Tata Motors
		   Tata Motors Limited						     266
		   Temsa Sanayi ve Ticaret, see Haci Omer Sabanci Holding
		   Thomas Built Buses, see Daimler
		   Thor Industries Incorporated					     267
		   Toyota Motor Corporation					     269
		   UD Trucks, see Volvo
		   Van Hool NV							     272
		   VDL Groep BV							     273
		   VE Commercial Vehicles, see Volvo
		   Volgren Australia Pty Limited				     276
		   Volkswagen AG						     277
		   Volvo AB							     280
		   Wright Group Limited						     284
		   Xiamen King Long Motor Company Limited			     285
		   Yangzhou Yaxing Motor Coach Company Limited			     287
		   ZF Friedrichshafen AG					     288
		   Zhengzhou Yutong Bus Company Limited				     290
		   Zhongtong Bus Holding Company Limited			     291
		Other Companies Mentioned in Study				     292


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- Executive Summary
		Summary Table							       3

		SECTION II -- Market Environment
	1	World Gross Domestic Product by Region				      11
	2	World GDP per Capita						      13
	3	World Population by Region					      15
	4	World Light Vehicle Production by Region			      20
	5	World Light Vehicle Sales by Region				      22

		SECTION III -- Overview
	1	World Bus Demand by Region					      33
	2	World Bus Demand by Product Type				      37
	3	World Transit Bus Demand by Region				      39
	4	World Motor Coach Demand by Region				      41
	5	World Other Bus Demand by Region				      42
	6	World Bus Production by Region					      46
	7	World Bus Park by Region					      48
	8	World Bus Demand by Fuel Type					      51
	9	World Bus Foreign Trade						      55

		SECTION IV -- North America
	1	North America Bus Supply, Demand & Park				      58
	2	North America Bus Demand by Type				      62
	3	United States Bus Supply, Demand & Park				      65
	4	United States Bus Demand by Type				      68
	5	Canada Bus Supply, Demand & Park				      70
	6	Canada Bus Demand by Type					      73
	7	Mexico Bus Supply, Demand & Park				      75
	8	Mexico Bus Demand by Type					      77

		SECTION V -- Western Europe
	1	Western Europe Bus Supply, Demand & Park			      80
	2	Western Europe Bus Demand by Type				      83
	3	France Bus Supply, Demand & Park				      85
	4	France Bus Demand by Type					      87
	5	Germany Bus Supply, Demand & Park				      90
	6	Germany Bus Demand by Type					      93
	7	United Kingdom Bus Supply, Demand & Park			      95
	8	United Kingdom Bus Demand by Type				      98
	9	Italy Bus Supply, Demand & Park					     100
	10	Italy Bus Demand by Type					     103
	11	Spain Bus Supply, Demand & Park					     105
	12	Spain Bus Demand by Type					     108
	13	Sweden Bus Supply, Demand & Park				     110
	14	Sweden Bus Demand by Type					     113
	15	Belgium Bus Supply, Demand & Park				     115
	16	Belgium Bus Demand by Type					     117
	17	Other Western Europe Bus Supply, Demand & Park			     119
	18	Other Western Europe Bus Demand by Type				     121

		SECTION VI -- Asia/Pacific
	1	Asia/Pacific Bus Supply, Demand & Park				     124
	2	Asia/Pacific Bus Demand by Type					     127
	3	China Bus Supply, Demand & Park					     130
	4	China Bus Demand by Type					     134
	5	India Bus Supply, Demand & Park					     136
	6	India Bus Demand by Type					     138
	7	Indonesia Bus Supply, Demand & Park				     141
	8	Indonesia Bus Demand by Type					     143
	9	Japan Bus Supply, Demand & Park					     145
	10	Japan Bus Demand by Type					     148
	11	South Korea Bus Supply, Demand & Park				     150
	12	South Korea Bus Demand by Type					     153
	13	Australia Bus Supply, Demand & Park				     155
	14	Australia Bus Demand by Type					     157
	15	Taiwan Bus Supply, Demand & Park				     160
	16	Taiwan Bus Demand by Type					     161
	17	Other Asia/Pacific Bus Supply, Demand & Park			     164
	18	Other Asia/Pacific Bus Demand by Type				     165

		SECTION VII -- Other Regions
	1	Central & South America Bus Supply, Demand & Park		     168
	2	Central & South America Bus Demand by Type			     170
	3	Brazil Bus Supply, Demand & Park				     172
	4	Brazil Bus Demand by Type					     175
	5	Other Central & South America Bus Supply, Demand & Park		     177
	6	Other Central & South America Bus Demand by Type		     179
	7	Eastern Europe Bus Supply, Demand & Park			     181
	8	Eastern Europe Bus Demand by Type				     183
	9	Russia Bus Supply, Demand & Park				     185
	10	Russia Bus Demand by Type					     187
	11	Other Eastern Europe Bus Supply, Demand & Park			     190
	12	Other Eastern Europe Bus Demand by Type				     192
	13	Africa/Mideast Bus Supply, Demand & Park			     194
	14	Africa/Mideast Bus Demand by Type				     196

		SECTION VIII -- Industry Structure
	1	World Bus Sales by Company, 2009				     199
	2	Selected Cooperative Agreements					     215


				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION III -- Overview
	1	Population Correlation to Bus Demand, 2009			      35

		SECTION VIII -- Industry Structure
	1	World OEM Bus Market Share by Company, 2009			     200