This study offers a comprehensive, 360 degree analysis on the Bus Market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bus Market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The bus is the most prevalent mode of transportation in countries across the globe. Buses have gained a stable place in the public transportation segment. The demand for buses has increased significantly in recent years on account of the rapid population growth and urbanization. Asia Oceania will be the key future market for Transit buses. Government initiatives in various countries subsidizing the purchase of electric buses are encouraging manufacturers to come up with greener solutions, thereby offering numerous growth prospects in the future.
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The global bus market is segmented on the basis of type, fuel type, and application. Based on type, the market is segmented as single deck and double deck. On the basis of the fuel type, the market is segmented as diesel, electric and hybrid, others. The market on the basis of the application is classified as intracity, intercity/coaches, and others.
Leading Key Market Players Mentioned in the Report:-
- AB Volvo
- Alexander Dennis Limited
- Anhui Ankai Automobile Co., Ltd
- Ashok Leyland Ltd
- Daimler AG
- Tata Motors Limited ADR
- TRATON SE
- Xiamen King Long United Automotive Industry Co., Ltd.
- Yutong Group
- Zhengzhou Yutong Bus Co., Ltd.
An off-the-shelf report on Bus Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.
The bus market is anticipated to grow in the forecast period owing to driving factors such as increasing focus of the government towards improving public transportation networks coupled with the growth of on-demand bus service. Moreover, the electric bus segment is experiencing high demand due to prevailing concerns over pollution. However, growth in online cab booking services may restrain the growth of the global bus market during the forecast period. On the other hand, growth of the tourism industry is expected to garner significant opportunities for the players operating in the bus market over the coming years.
The report also provides the market size and estimates a forecast from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after gauging the political, economic, social and technological factors effecting the Bus Market.
The report also analyzes the factors affecting Bus Market from both demand and supply side and further evaluates market dynamics i.e., drivers, restraints, opportunities, and future trend, effecting the market during the forecast period.
Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Bus Market.
• Key market trends cracking up the growth of the Bus Market.
• Challenges to market growth.
• Key vendors of Bus Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Bus Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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