Africa Bus Market to Surpass $ 2 Billion by 2022
Rapid urbanization and increasing demand for public
transportation system coupled with government expansion plans to drive Africa
bus market through 2022
According to TechSci Research report, “Africa
Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By
Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”,
the Africa bus market is projected to reach $ 2.08 billion by the end of 2022.
Growth in the market is anticipated on account of increasing bus sales and
rising demand from people for improved public transportation system.
Additionally, expanding ventures by leading companies and rapid urbanization
are expected to aid the Africa bus market during the forecast period. Some of
the major players in the market are Toyota Motor Corporation, Daimler, Isuzu
Motors Ltd., etc.
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market data Tables and 66 Figures spread through 141 Pages and an in-depth
TOC on "Africa
Bus Market"
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School buses account for the largest share in
the Africa bus market, followed by the transit bus segment, owing to huge
demand for these types of buses in the region. As South Africa is one the most developed
countries in Africa, it dominated the region’s bus market in 2016 and the same
trend is anticipated to continue during the forecast period as well, backed by
growing urbanization and expanding base of several bus companies in the
country.
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“Consistently growing bus sales, rising preference
of people towards public transport and government initiatives are anticipated
to provide lucrative opportunities to bus manufacturers and suppliers in Africa
in the coming years. Moreover, increasing presence of various companies such as
Daimler AG, Volvo, Tata Motors, Zhengzhou Yutong Bus Co., Ltd., etc., in the
region is expected to augur well with the Africa bus market during the forecast
period”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Africa Bus Market By Application, By Length, By
Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast
& Opportunities, 2012 – 2022” has analyzed
the potential of bus market across the region, and provides statistics and
information on market sizes, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyses emerging trends along with essential drivers and key challenges
faced by the industry.
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