Middle East Bus Market to Reach $ 4.2 Billion by 2022

Growing tourism activities coupled with various expansion plans by the government to drive the Middle East bus market through 2022

According to TechSci Research report, “Middle East Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, the Middle East bus market is projected to reach $ 4.23 billion by 2022. Saudi Arabia and the UAE are one of the major tourist destinations in the world. In order to support and accommodate the incoming traffic of travelers to the region, numerous leading bus companies are boosting their operations in the Middle East, which is expected to positively influence the region’s bus market through 2022.

Browse 13 market data Tables and 59 Figures spread through 130 Pages and an in-depth TOC on "Middle East Bus Market"

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Toyota Motor Corporation, Mitsubishi Fuso Truck and Bus Corporation, Xiamen Golden Dragon Bus Co., Mercedes (Daimler AG) and Hyundai Motor Company are some of the major players in the Middle East bus market. Rising urbanization, growing population and increasing public transportation system are anticipated to aid the region’s bus market during the forecast period. Owing to a huge population base, Saudi Arabia dominated the Middle East bus market in 2016 and the country is expected to maintain its market dominance in the coming years as well.

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“Increasing focus of the governments in the region to develop their tourism sector is expected to positively influence the Middle East bus market in the coming years. Moreover, increasing urbanization, ongoing smart city projects, growing government initiatives towards pushing people towards public transport is expected to contribute immensely to the growing demand for buses in the region”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based Middle East management consulting firm.

“Middle East 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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