Press release
Bus Services Market size was valued at USD 45.4 billion in 2021, growing at a CAGR of 11.1% from 2022 to 2032: Evolve Business Intelligence
The driving factors of the bus services market are:
• Growing adoption of Electric Buses
There is augmented adoption of electric buses owing to two factors that are, one to control pollution and the other to decrease the maintenance and operating cost compared to diesel buses. Fuel plays a main role in the cost of transport. Diesel cost is increasing year on year. On the other hand, Electric vehicles are a lot more inexpensive in the long run and meaningfully the most comfortable mode of transport compared to diesel and petrol engine buses. This collective with pollution reduction to meet augmented government scrutiny will drive market growth for electric buses.
• Government Initiatives to Control Traffic
The global Bus Services Market size was valued at USD 45.4 billion in 2021 growing at the CAGR of 11.1% from 2022 to 2032. Evolve Business Intelligence provides an in-dept research study that contains the ability to focus on the major market dynamics in several region across the globe. Moreover, a details assessment of the market is conducted by our analysts on various geographic including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to provide clients with opportunity to dominate the emerging markets. The Bus Services Market study includes growth factors, restraining factors, challenges, and Opportunities which allows the businesses to assess the market capability of the industry. The report delivers market size from 2020 to 2032 with forecast period of 2022 to 2032. The report also contains revenue, production, sales consumption, pricing trends, and other factors which are essential for assessing any market.
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Key Highlights:
• The global Bus Services Market size was valued at USD 45.4 billion in 2021 growing at the CAGR of 11.1% from 2022 to 2032.
• North America dominated the market in 2021
• Asia Pacific is expected to grow at a highest CAGR from 2022 to 2032
Key Players
The Bus Services Market report gives comprehensive information about the company and its past performance. The report also provides a detail market share analysis along with product benchmarking with key developments.
The key players profiled in the report are:
• AB Volvo
• Anhui Ankai Automobile Co. Ltd.
• Ashok Leyland (Hinduja Group)
• BYD Company Ltd.,
• IVECO S.p.A
• Mercedes-Benz Group AG
• NFI Group
• Solaris Bus & Coach sp. z o.o. (Construccionesy Auxiliar de Ferrocarriles S.A.)
• Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
• Tata Motors Limited
• Traton Group (Volkswagen AG)
The Global Bus Services Market report also includes information on company profiles, product descriptions, revenue, market share data, and contact details for several regional, global, and local companies. Due to increased technological innovation, R&D, and M&A operations in the sector, the market is becoming more popular in particular niche sectors. Additionally, a large number of regional and local vendors in the Bus Services Market provide specialised product offerings according to geographical regions in keeping with the global manufacturing footprint. Due to the reliability, quality, and technological modernity of the worldwide suppliers, it is difficult for the new market entrants to compete.
COVID Impact
In terms of COVID 19 impact, the Bus Services Market report also includes the following data points:
● COVID19 Impact on Bus Services Market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in the Bus Services Market
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Scope of the Report:
Market Segment By Application:
o Motor Coaches
o Transit Buses
o School Buses
Market Segment By Length:
o 6-8 m
o 9-12 m
o Above 12 m
Market Segment By Seating Capacity:
o Up to 30 Seater
o 31-40-Seater
o Above 40 Seater
Market Segment By Fuel Type:
o Diesel
o Petrol/Gasoline
o Compressed Natural Gas
o Electric
o Hybrid
Market Segment By Body Built:
o Fully Built
o Customizable
Market Segment By Locality:
o City
o Rural
For more information: https://report.evolvebi.com/index.php/sample/request?referer=newsmantraa&reportCode=017018
Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of MEA)
● Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
● Asia-Pacific region dominates the bus services transport market and will continue to flourish its trend of dominance during the estimated period due to the rising demand for passenger vehicles, rising investment by the government for the development of transport infrastructure, surging focus towards the integration of passenger safety systems in both commercial and passenger vehicles, increasing disposable income of the people in India and China, mounting urbanization and industrialization and growth and expansion of automotive industry in this region.
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and oppotunities
• Competitive Intelligence providing the understanding about the ecosystem
• Details analysis of Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning
Contact Us:
Evolve Business Intelligence
India
Contact: +1 773 644 5507 (US) / +441163182335 (UK)
Email: sales@evolvebi.com
Website: www.evolvebi.com
About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.
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