Mexico Bus Market

Mexico Bus Market Overview:

The Mexico bus market size reached USD 641.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,169.9 Million by 2033, exhibiting a growth rate (CAGR) of 6.20% during 2025-2033. The market is fueled by a production boom caused by nearshoring, with multinational companies moving operations nearer to the U.S., increasing commercial vehicle demand. Moreover, efforts to electrify public transport in Latin American cities are encouraging the use of electric buses, improving urban mobility and environmental sustainability.

Mexico Bus Market Trends:

Transition to Electric and Low-Emission Buses

The push for sustainable transportation is reshaping Mexico’s bus market, with increasing adoption of electric and hybrid buses. This trend is driven by urban air quality concerns, government incentives, and commitments to reduce greenhouse gas (GHG) emissions. Cities like Mexico City and Guadalajara are integrating electric buses into public transit fleets, supported by funding from international organizations and public-private partnerships. Manufacturers are responding by expanding local assembly and offering models suited to Mexico’s infrastructure. Though initial costs remain a barrier, long-term savings from lower fuel and maintenance expenses are appealing to fleet operators. The gradual buildout of charging infrastructure is also encouraging investment, signaling a growing shift toward cleaner public transport options across the country further contributing to the Mexico bus market growth.

Expansion of Intercity and Tourism Bus Services

In 2023, Mexico attracted around 42.15 million international tourists, ranking as the fourth most visited country globally. This surge, along with rising domestic tourism and improved road infrastructure, is driving greater demand for intercity and tour bus services. Bus travel remains popular due to its affordability, convenience, and Mexico’s extensive national highway network. To cater to evolving traveler expectations, companies are upgrading fleets with luxury coaches offering Wi-Fi, reclining seats, and entertainment systems, appealing to middle-class passengers and tourists. The growth of regional and eco-tourism is creating new demand for buses capable of accessing rural and scenic areas. Simultaneously, digital tools like online booking and GPS tracking are enhancing passenger experience. With tourism rebounding, bus operators are modernizing fleets and expanding routes to secure greater Mexico bus market share.

Rise of Smart and Connected Bus Systems

Digitization is increasingly influencing the Mexico bus market outlook, with the adoption of smart technologies transforming fleet management and passenger services. Fleet operators are implementing telematics systems for route optimization, fuel monitoring, and predictive maintenance. Smart ticketing, including contactless and mobile payments, is gaining traction in urban areas, streamlining operations and improving convenience. Real-time tracking and mobile apps allow passengers to plan trips more efficiently, boosting public perception of reliability. Government-led smart mobility initiatives in major cities are accelerating the shift towards integrated, data-driven transportation ecosystems. This trend is encouraging bus manufacturers and service providers to embed connectivity features and software platforms, enhancing efficiency and aligning with Mexico’s broader smart city goals.

Mexico Bus Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, fuel type, seat capacity and application.

Type Insights:

• Single Deck
• Double Deck

The report has provided a detailed breakup and analysis of the market based on the type. This includes single deck, and double deck.

Fuel Type Insights:

• Diesel
• Electric and Hybrid
• Others

A detailed breakup and analysis of the market based on the fuel type have also been provided in the report. This includes diesel, electric and hybrid, and others.

Seat Capacity Insights:

• 15-30 Seats
• 31-50 Seats
• More than 50 Seats

The report has provided a detailed breakup and analysis of the market based on the seat capacity. This includes 15-30 seats, 31-50 seats, and more than 50 seats.

Application Insights:

• Transit Bus
• Intercity/Coaches
• Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes transit bus, intercity/coaches, and others.

Regional Insights:

• Northern Mexico
• Central Mexico
• Southern Mexico
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern, Central, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Bus Market News:

• In March 2025, Volvo Buses unveiled the Volvo 7800 Electric in Mexico, the country’s first locally manufactured electric articulated and bi-articulated bus. Built on the Volvo BZR electromobility platform, the bus supports sustainable urban mobility and enhances BRT systems. With capacities of up to 300 passengers, advanced safety systems, and connectivity features, it reflects Volvo’s commitment to eco-friendly transport. Production will take place in Mexico, with deliveries expected in 2026.
• In April 2024, MG Motor, in partnership with SAIC Motor, plans to launch electric buses in Mexico by the end of 2024 under the Sunwin brand. Targeting cities like Mexico City, Guadalajara, and Mazatlán, the initiative includes models like the iEV12 and iEV10. This move aligns with MG’s goal to expand in sustainable mobility, establish a manufacturing base, and position Mexico as a strategic hub for Central American and Caribbean market distribution.

Mexico Bus Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico bus market performed so far and how will it perform in the coming years?
• What is the breakup of the Mexico bus market on the basis of type?
• What is the breakup of the Mexico bus market on the basis of fuel type?
• What is the breakup of the Mexico bus market on the basis of seat capacity?
• What is the breakup of the Mexico bus market on the basis of application?
• What is the breakup of the Mexico bus market on the basis of region?
• What are the various stages in the value chain of the Mexico bus market? 
• What are the key driving factors and challenges in the Mexico bus market?
• What is the structure of the Mexico bus market and who are the key players?
• What is the degree of competition in the Mexico bus market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico bus market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico bus market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico bus industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.