Buses And Coaches Market 2021 Infrastructure Growth and Developments- Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo

Global Buses And Coaches Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Buses And Coaches market size, demand and revenue. The current Buses And Coaches market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global buses and coaches market is expected to grow from $76.7 billion in 2020 to $87.46 billion in 2021 at a compound annual growth rate (CAGR) of 14%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $149.91 billion in 2025 at a CAGR of 14.4%.

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Scope of this Report:

By Type: Diesel Buses; Hybrid Buses; Electric Buses; Ethanol Buses 2) By Application: General; Personal; Recreational; Tourist; Others3) By Body Built: Fully Built; Customizable
Companies Mentioned: Daimler; VDL Bus and Coach; Scania; Volvo; Marcopolo
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Industry News:

In May 2019, NFI Group, a North American-based bus manufacturer acquired the UK based bus manufacturer Alexander Dennis Limited (ADL) for a deal amount of $405 million (320 million). The acquisition enhances the NFI product portfolio, diversifies its business model and provides a platform for international development. Alexander Dennis Limited (ADL) is a bus and coach manufacturer and has vehicle services in the UK, Europe, Hong Kong, Singapore, New Zealand, Mexico, Canada, the United States sold under Alexander Dennis and Plaxton brands.

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Executive Summary:

The autonomous bus is a key trend gaining the popularity in the buses and coaches market. The number of autonomous bus pilots is growing, and many manufacturers have already confirmed the introduction of autonomous bus deliveries within a few years from 2019. In November 2019, Volvo Buses conducted a live presentation of a 7900 Hybrid City Bus designed for autonomous operation. The vehicle successfully travelled between the parking lot and several workstations, including washing, repair and electrical charging, before parking in the correct spot, with all travellers on board.  Fluctuating prices of metals such as iron and steel are expected to limit the growth of the buses and coaches market in the coming years. The automotive industry uses various structural components for bus manufacturing, including iron, steel, and other metals and fluctuating metal prices increase operational expenses. According to Trade Economics, Iron ore, a raw material for iron manufacturing is $27 per Metric ton for the start of 2020. In March, the price of iron ore was $82, and in October price was $118. Steel price in February 2020 was $507 (3370 Yuan) per Metric ton, and in October price was $545 (3631 Yuan) per Metric ton. Therefore, the fluctuating price of metals hinders the buses and coaches market.

Regional Analysis For Buses And Coaches Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Important Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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