Europe Bus Market to Grow at 12% CAGR till 2022
Launch of luxury and comfortable buses and government
efforts to boost the public transportation sector to fuel the Europe bus market
through 2022
According to TechSci Research report, “Europe
Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By
Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”,
the bus market in Europe is projected to grow at a CAGR of 12.23% during
2017-2022. New schemes to support the expansion of region’s fleet of buses,
growing concerns regarding rising pollution levels and various smart city
projects are anticipated to fuel the bus market across the region during the
next five years. Growth in the market is also expected to be supported by the
launch of technologically advanced and feature rich buses in the coming
years.
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market data Tables and 66 Figures spread through 133 Pages and an
in-depth TOC on "Europe
Bus Market"
https://www.techsciresearch.com/report/europe-bus-market/3409.html
School buses and motor coaches account for the
dominating share in Europe bus market, on the back of strong demand for these
types of buses in the region. Russia dominated the bus market in Europe in 2016
and the same trend is likely to continue in the coming years as well, on
account of increasing production sales of buses in the country through 2022.
Some of the major companies operating in Europe bus market are Daimler AG, Irisbus
Iveco, MAN Truck & Bus, Scania AB and Solaris Bus & Coach.
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“With many ongoing research & development projects
in pipeline and consistently increasing bus sales across the region, demand for
buses is expected to grow at a robust pace in the Europe bus market. Also,
growing preferences towards public transport and expansion of bus manufacturing
divisions by OEMs is expected to aid growth in the Europe bus market in the
future years”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Europe 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 size, 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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