Bus Market: Exploring Opportunities Through Market Share And Growth Projections

Posted by Kumar on May 29th, 2023

According to a report by TechSci Research titled "Global Bus Market By Application, Length, Seating Capacity, Fuel Type, Body Type, Region, Competition Forecast & Opportunities, 2015 – 2025F," the global bus market is expected to reach billion by 2025. This growth can be attributed to the expansion of road and transport infrastructure, increasing population, and the rising demand for electric buses. Government initiatives aimed at improving road infrastructure and the increase in vehicle production in major developing countries are also significant factors driving the bus market. Furthermore, the launch of new models in the electric bus segment and advancements in government policies are expected to lead to higher adoption of electric buses worldwide during the forecast period.

The global bus market is segmented based on seating capacity, fuel type, application type, length, built type, and region. In terms of seating capacity, the market is classified into up to 30-seater, 31 to 40-seater, and above 40-seater buses. Among these categories, the above 40-seater bus segment accounted for the largest market share in 2019 and is projected to maintain its leading position throughout the forecast period.

Browse 330 market data Figures and Tables spread through 500 Pages and an in-depth TOC on "Global Bus Market"

https://www.techsciresearch.com/report/global-bus-market/1435.html

Leading players in the global bus market include Zhenzhou Yutong Group, Volvo, Scania, TATA Motors Limited, Isuzu, Hino Motors, MAN, Marcopolo SA, Daimler AG, Iveco, Ashok Leyland, and others. These major bus companies are expanding their manufacturing bases in developing countries to meet the growing demand across APAC, the Middle East, Africa, and South America.

"Governments across various countries are encouraging consumers to choose electric buses over those running on fossil fuels in order to combat rising air pollution levels. Incentives and tax exemptions provided by governments to electric bus buyers to promote clean driving and protect the environment are expected to drive the bus market in the coming years," stated Mr. Karan Chechi, Research Director at TechSci Research, a global management consulting firm focused on research.

The report "Global Bus Market By Application, Length, Seating Capacity, Fuel Type, Body Type, Region, Competition Forecast & Opportunities, 2015 – 2025F" assesses the future growth potential of the global bus market and provides comprehensive statistics, market size information, market structure, and insights into future market growth. The report aims to provide cutting-edge market intelligence to help decision-makers make informed investment decisions. Additionally, it identifies and analyzes emerging trends, as well as essential drivers, challenges, and opportunities in the global bus market.

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