Bus Market Growth Opportunities & Industry Size is Expected To Reach USD 554,517 Million By 2032, at a CAGR of 4.6% | PMR

The Bus Market size is projected to be valued at USD 376,602 million in 2023 and is expected to rise to USD 554,517 million by 2032. The market is expected to register a CAGR of 4.6% during the forecast period from 2024 to 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/bus-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐁𝐮𝐬?

A bus is a type of road vehicle that can accommodate many more people than a typical car or van but fewer than a typical rail car. Although charter use and private ownership are other common uses, public transportation accounts for the majority of its usage. The most prevalent kind is the single-deck rigid bus; midibuses and minibusses carry fewer loads, while double-decker and articulated buses carry greater loads. For longer-distance services, coaches are utilized.

𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐩𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐛𝐮𝐬𝐞𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

● Urbanization is changing global demography, with an increasing number of individuals moving from rural areas to urban centers.

● The difficulty of managing growing traffic and pollution grows, putting a premium on efficient public transit systems.

● The increase in sales reflects the growing use of electric and hybrid buses by governments and public transportation providers, which is driving growth in this market.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented.

𝐒𝐨𝐦𝐞 𝐎𝐟 𝐓𝐡𝐞 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐈𝐧 𝐓𝐡𝐞 𝐁𝐮𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐫𝐞:

• AB Volvo
• Anhui Ankai Automobile Co., Ltd
• Beiqi Foton Motor Co., Ltd.
• BYD Company Limited
• Daimler Truck Holding AG
• Ebusco
• Golden Dragon (Xiamen Golden Dragon Bus Co., Ltd.)
• Higer Bus Company Limited
• Iveco Group N.V.
• MAN Truck & Bus
• Renault Group
• Scania AB
• Shanghai Sunwin Bus Co., Ltd.
• Solaris Bus & Coach sp. z o.o.
• Sunlong Automobile
• TEMSA
• Xiamen King Long United Automotive Industry Co., Ltd.
• Yutong Bus Co., Ltd.
• Zhongtong Bus Holding Co., Ltd.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3917/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:

The market is primarily segmented based on length, fuel type, seating capacity, application, and region. According to the fuel type analysis, diesel had the biggest market share in 2023. Diesel-powered buses have long been popular for public transit because of their fuel efficiency, range, and infrastructure support. Furthermore, the transit bus segment is predicted to have the quickest CAGR in the bus market over the forecast period. Transit buses are generally utilized for public transportation in cities and suburban areas.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/bus-market

𝐁𝐮𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• In 2023, the Diesel segment accounted for the largest market share in the bus market. Diesel buses have been a mainstay in public transportation fleets for decades, especially in regions where infrastructure for diesel fueling is well-established. Many bus operators already have maintenance facilities, fueling stations, and trained personnel in place for diesel-powered vehicles, making it easier to continue using diesel buses rather than transitioning to alternative fuel options.

• The transit bus segment is expected to grow at the fastest CAGR during the forecast period. Increasing awareness of environmental issues and the need to combat climate change are driving the adoption of cleaner and greener transportation solutions.

• In 2023, Asia Pacific dominated the largest market. The bus industry is undergoing significant technological advancements, including the development of electric and hybrid buses, autonomous driving technologies, and improved fuel efficiency

• Europe is expected to grow at the fastest CAGR in bus market. European manufacturers are leading the way in producing electric buses with advanced features such as longer range, fast charging capabilities, and connectivity options.

• The global key market players are AB Volvo, Anhui Ankai Automobile Co., Ltd, Beiqi Foton Motor Co., Ltd., BYD Company Limited, Daimler Truck Holding AG, Ebusco, Golden Dragon (Xiamen Golden Dragon Bus Co., Ltd.), Higer Bus Company Limited, Iveco Group N.V., MAN Truck & Bus, Renault Group, Scania AB, Shanghai Sunwin Bus Co., Ltd., Solaris Bus & Coach sp. z o.o., Sunlong Automobile, TEMSA, Xiamen King Long United Automotive Industry Co., Ltd., Yutong Bus Co., Ltd., Zhongtong Bus Holding Co., Ltd.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐒𝐮𝐫𝐠𝐢𝐜𝐚𝐥 𝐌𝐢𝐜𝐫𝐨𝐬𝐜𝐨𝐩𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/06/28/2696278/0/en/Global-Surgical-Microscopes-Market-Size-to-Touch-USD-7-34-Billion-By-2032-at-12-9-CAGR-Growth-Polaris-Market-Research.html

𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 (𝐀𝐈) 𝐢𝐧 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/07/03/2698553/0/en/Global-Artificial-Intelligence-AI-in-Medical-Diagnostics-Market-Size-Will-Reach-USD-30-76-Billion-By-2032-With-CAGR-39-7-Polaris-Market-Research.html

𝐌𝐢𝐧𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/07/04/2699069/0/en/Global-Mining-Automation-Market-Size-Projected-to-be-Worth-USD-9-95-Billion-By-2032-with-7-2-CAGR-Growth-Polaris-Market-Research.html

𝐒𝐞𝐫𝐯𝐨 𝐌𝐨𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/07/05/2699585/0/en/Global-Servo-Motors-and-Drives-Market-Size-Share-Envisaged-to-Reach-USD-26-54-Billion-By-2032-at-6-3-CAGR-Growth-Polaris-Market-Research.html

𝐒𝐦𝐚𝐥𝐥 𝐆𝐚𝐬 𝐄𝐧𝐠𝐢𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/07/06/2700419/0/en/Global-Small-Gas-Engines-Market-Size-Estimated-to-be-Worth-4-23-Billion-By-2032-With-4-4-CAGR-By-Growth-Drivers-Opportunities.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.