Press release
Bus Market is expected to grow at a CAGR of 7.1 % from 2024 to 2030, as per Maximize Market Research
Bus Market, Bus Market Size, Bus Market Share,
Bus Market Overview
Maximize Market research's report stated that the Global Bus Market was worth USD 17.35 Billion in 2023 and is projected to increase at a CAGR of 7.1% from 2024 to 2030, reaching USD 28.04 Billion by 2030.
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Asia Pacific dominates the Bus Market
The largest market share in the global bus market is held by the Asia-Pacific region. Single-deck buses are popular in this industry because they are cost-effective, easy to operate, and well-suited for busy city routes. Diesel-powered buses make up the majority of the market. Furthermore, the market is divided based on the number of seats available: 15-30 seats, 31-50 seats, and over 50 seats. Transit buses are by far the most common application category. Various factors are influencing the evolution of the bus industry, such as the rising need for environmentally friendly fuel choices, the progression of intelligent technologies, and the increasing adoption of electric buses, which is a key factor in market expansion.
Global bus market growth is being hindered by traffic congestion and changing fuel prices.
Demand from individuals like companies and organizations for buses is gradually rising. Increase in electric buses will boost growth in the bus market. Raising funds in the bus industry
Also in news this week
Maharashtra tourism dept launches a fleet of 20 electric buses that will cater to domestic and foreign tourists visiting the world heritage site - Ajanta Caves.
Bengaluru: Inauguration of the Sophisticated Science Bus under the Lil Big Fantasies initiative
Totalkare is proud to announce its return to Euro Bus Expo, held at the NEC Birmingham from 12-14 November 2024.
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Bus Market Segmentation
by Type
Transit Bus
School Bus
Coach/Intercity Bus
Shuttle Bus
Mini Bus
by Seating Capacity
Small Bus (Up to 15 passengers)
Medium Bus (16 to 35 passengers)
Large Bus (36 + passengers)
by Fuel Type
Petrol
Diesel
Natural Cas
Electric
Hybrid
by Application
Urban Transit
School Transportation
Tourism and Charter
Employee Transportation
Airport
Hotel Shuttle
by Distribution Channel
Domestic Market
International Market
by Sales Channel
Online
Offline
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Bus Market Key Players
Anhui Ankai Automobile Co. Ltd
BYD Company Limited
Alexander Dennis Limited (ADL)
King Long United Automotive Industry Co. Ltd.
Zhengzhou Yutong Group Co. Ltd
Zhongtong Bus Holding Co. Ltd
NFI Group Inc.
AB Volvo
Solaris Bus & Coach sp. z o.o.
Daimler Truck Holding AG
Mobico Group
Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
Tata Motors Limited
Mercedes-Benz Group AG
Marcopolo S.A.
New Flyer Industries
Ashok Leyland
Mahindra & Mahindra
Proterra
Key questions answered in the Bus Market are:
What is the size of the Global Bus Market?
What is the present size of the Global Bus Market?
What are the main figures in the Global Bus Market?
What is the largest segment in the worldwide Bus Market?
Which area holds the largest portion of the Worldwide Bus Market?
Which timeframe does this Global Bus Market represent, and what was the market size in 2023?
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/bus-market/211011/
Key Offerings:
Past Bus Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Bus Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Bus Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Bus 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
Maximize has also published reports on
Cultured Meat Market https://www.maximizemarketresearch.com/market-report/cultured-meat-market/93662/
Global Occupancy Sensor Market https://www.maximizemarketresearch.com/market-report/occupancy-sensor-market/22610/
Air Compressor Market https://www.maximizemarketresearch.com/market-report/global-air-compressor-market/24143/
Global Biodiesel Market https://www.maximizemarketresearch.com/market-report/global-biodiesel-market/17390/
Global Dark Fiber Market https://www.maximizemarketresearch.com/market-report/global-dark-fiber-market/91130/
Global Concentrated Solar Power Market https://www.maximizemarketresearch.com/market-report/global-concentrated-solar-power-market/20636/
Refurbished and Used Mobile Phones Market https://www.maximizemarketresearch.com/market-report/refurbished-and-used-mobile-phones-market/201320/
Luxury Packaging Market https://www.maximizemarketresearch.com/market-report/luxury-packaging-market/201321/
Almond Milk Market https://www.maximizemarketresearch.com/market-report/almond-milk-market/201493/
Email Deliverability Tools Market https://www.maximizemarketresearch.com/market-report/email-deliverability-tools-market/203602/
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
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About Maximize Market Research:
Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.
Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.
Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.
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