Buses And Coaches Market Trends, Top Companies, Share, Growth And Forecast 2032
Buses And Coaches Market Size, Growth Rate, And Forecast
The global buses and coaches market size will grow from $42.76 billion in 2022 to $45.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global buses and coaches market size is expected to grow to $60.17 billion in 2027 at a CAGR of 6.9%.
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Buses And Coaches Market Drivers
Fluctuating prices of metals such as iron and steel are expected to limit the growth of the bus and coach market in the forecast period. The automotive industry uses various structural components for bus manufacturing, including iron, steel, and other metals, and fluctuating metal prices increase operational expenses.
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Buses And Coaches Market Segments
• By Type: Diesel Buses, Hybrid Buses, Electric Buses, Ethanol Buses
• By Application: General, Personal, Recreational, Tourist, Other Applications
• By Body Built: Fully Built, Customizable
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.North America was the largest region in the buses and coaches market.
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Buses And Coaches Market Key Players
Major competitors in the buses and coaches market include Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo, Eicher Motors Limited, TATA Motors.
The Business Research Company's "Global Buses And Coaches Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Buses And Coaches Market Include:
1. Executive Summary
2. Buses And Coaches Market Characteristics
3. Buses And Coaches Market Trends And Strategies
4. Buses And Coaches Market - Macro Economic Scenario
5. Buses And Coaches Market Size And Growth
26. Africa Buses And Coaches Market
27. Buses And Coaches Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Buses And Coaches Market
29. Buses And Coaches Market Future Outlook and Potential Analysis
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