Press release
Global Bus Market Valued at USD 16.2 Billion in 2022, Expected to Reach USD 26.18 Billion by 2029
Bus Market
The global bus market, with a valuation of USD 16.2 billion in 2022, is poised for robust growth, projected to reach USD 26.18 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 7.1 percent during the forecast period from 2023 to 2029.
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Bus Market Report Scope and Research Methodology
The "Bus Market Overview" report delves into the dynamic landscape of the global bus market, providing comprehensive insights into various segments and regions. The report encompasses detailed market analysis, segment-wise and region-wise dynamics, growth drivers, major restraints, upcoming opportunities, and challenges.
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Bus Market Dynamics:
Market Drivers
The rapid growth of the global bus market is underpinned by several key factors. Urbanization, surging population figures, and the pressing need for sustainable transportation solutions are driving substantial demand for buses worldwide. Government initiatives, infrastructure development, and regional economic conditions significantly influence market size and expansion.
Market Restraints
Despite the growth prospects, certain challenges dampen the market's progress. Urban traffic congestion, poorly maintained infrastructure, and fluctuating fuel prices hinder the efficiency of bus services. These factors collectively impact the demand for buses, necessitating innovative solutions to overcome these limitations.
Bus Market Regional Insights:
Asia Pacific: The dominant player in the global bus market in 2022, the Asia Pacific region is experiencing rapid growth attributed to rising population figures, urbanization, and governmental initiatives promoting sustainable transportation. Key markets like China and India are at the forefront, driven by their vast populations and significant domestic manufacturers.
Europe: The European bus market holds a substantial share and is expected to grow significantly. The region's well-established public transportation infrastructure, stringent emission standards, and regulations drive the demand for clean and fuel-efficient vehicles, including electric and hybrid buses.
North America: The North American bus market is poised for substantial growth, driven by the adoption of electric buses and efforts to reduce carbon emissions. School districts in the United States are transitioning to electric school buses, aligning with environmental goals and governmental mandates.
Emerging Technologies and Trends
The report highlights the rising trend of electric buses, projected to grow at a remarkable CAGR of 43.2 percent during the forecast period. Electric buses offer substantial benefits, including lower operating costs, reduced maintenance expenses, and improved air quality. Private demand for buses is also steadily increasing, driven by corporate transportation needs, event services, and luxury bus preferences.
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Bus Market Segment Analysis:
by Type
1. Transit Bus
2. School Bus
3. Coach/Intercity Bus
4. Shuttle Bus
5. Mini Bus
by Seating Capacity
1. Small Bus (Up to 15 passengers)
2. Medium Bus (16 to 35 passengers)
3. Large Bus (36 + passengers)
by Fuel Type
1. Petrol
2. Diesel
3. Natural Cas
4. Electric
5. Hybrid
by Application
1. Urban Transit
2. School Transportation
3. Tourism and Charter
4. Employee Transportation
5. Airport
6. Hotel Shuttle
by Distribution Channel
1. Domestic Market
2. International Market
by Sales Channel
1. Online
2. Offline
Leading Bus Market Key Players are
1. Anhui Ankai Automobile Co. Ltd
2. BYD Company Limited
3. Alexander Dennis Limited (ADL)
4. King Long United Automotive Industry Co. Ltd.
5. Zhengzhou Yutong Group Co. Ltd
6. Zhongtong Bus Holding Co. Ltd
7. NFI Group Inc.
8. AB Volvo
9. Solaris Bus & Coach sp. z o.o.
10. Daimler Truck Holding AG
11. Mobico Group
12. Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
13. Tata Motors Limited
14. Mercedes-Benz Group AG
15. Marcopolo S.A.
16. New Flyer Industries
17. Ashok Leyland
18. Mahindra & Mahindra
19. Proterra
Table of content for the Bus Market includes:
1. Global Bus Market: Research Methodology
2. Global Bus Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Bus Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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https://www.maximizemarketresearch.com/market-report/bus-chassis-market/188549/
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https://www.maximizemarketresearch.com/market-report/global-electric-bus-market/23325/
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https://www.maximizemarketresearch.com/market-report/electric-mobility-market/190346/
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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