ProcureHub · Direct Materials · Global
Minibuses & Shuttles: Market Size & Forecast 2026
The global minibuses and shuttles market reached approximately USD 11.5 billion in 2025 (base year), held in a structurally balanced condition where electrification-driven demand growth is offsetting near-term capex-cycle softness in municipal fleet procurement. The 7-year CAGR through 2032 sits at 4.8 percent, implying an end-state of roughly USD 16.1 billion. Automotive-grade steel at USD 890/MT in US Gulf markets drives the body-in-white cost line, while Section 301 List 3 and Section 122 tariffs combine to a Exempt / Non-stacking (Automobiles are subject to Section 232 / other tariffs and are explicitly exempt from Section 122 double-stacking; additionally, EVs face a 100% Section 301 rate rather than List 3's 25%) on Chinese-origin vehicles. EV-specific powertrain premiums of 35-50 percent over ICE equivalents are the dominant pricing inflection. > **Analyst Take.** The call is to t
Official data · Claight AnalysisForecast
Market size and CAGR extracted from the published Claight report; figures match the report..
2025 base: $11.5bn2032 est: $16.0bn
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Connect to an analyst →Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2025 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.