Bus Market to Grow to $ 69 Billion by 2025
According
to TechSci Research report, “Global
Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By
Body Type, By Region, Competition Forecast & Opportunities, 2015 – 2025F”, the
global bus market is projected to reach $ 69 billion by 2025 due to growing road
and transport infrastructure, rising population and increasing demand for
electric buses. Other major factors driving the bus market include government
initiatives for better road infrastructure and increase in vehicle production
in major developing countries. Additionally, with the launch of new models in
the electric segment and upgradations in the government policies, it is
expected that higher penetration of electric buses across the globe would be
witnessed during 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
Global bus market is segmented in terms of seating capacity, fuel type, application
type, length, built type and region. In terms of seating classification, the
market can be segmented into up to 30 seater, 31 to 40 seater and above 40 seater
buses, of which, the above 40 seater bus category accounted for the largest
market share in 2019 and the vehicle segment is expected to maintain its leading
market position during the forecast period.
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Zhenzhou Yutong Group, Volvo, Scania, TATA Motors Limited, Isuzu, Hino
Motors, MAN, Marcopolo SA, Daimler AG, Iveco, Ashok Leyland, etc., are few of
the leading players operating in the global bus market. Major bus companies are
expanding their manufacturing bases in developing countries in order to meet rising
demand across developing countries in APAC, Middle East, Africa and South
America.
“In the wake rising air pollution levels, governments are encouraging
consumers to opt for electric buses rather than those which run on fossil
fuels. To safeguard the environment and promote clean driving, governments across
various countries are offering incentives to the electric bus buyers and also
exempting these vehicles from various taxes, which is anticipated to fuel the
bus market over the next few years,” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global Bus Market By Application, By Length, By Seating Capacity,
By Fuel Type, By Body Type, By Region, Competition Forecast &
Opportunities, 2015 – 2025F” has
evaluated the future growth potential of the global bus market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the global bus market.
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