Press release
Bus Market is forecasted to expand to USD 28.04 Billion by 2030 .
Bus Market
๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The global bus market is experiencing significant growth due to increasing urbanization and a rising need for efficient public transportation systems. Buses are vital for mass transit, offering an economical and environmentally friendly alternative to private vehicles. The demand for electric and hybrid buses is particularly on the rise, driven by government policies promoting sustainable transportation and advancements in technology. The market is further bolstered by expanding infrastructure in emerging economies and the need to reduce traffic congestion and carbon emissions.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ : https://www.maximizemarketresearch.com/request-sample/211011/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
Key factors driving the bus market include the growing emphasis on reducing urban traffic congestion and the shift toward eco-friendly transportation solutions. Governments across the globe are providing subsidies and incentives to promote the adoption of electric and low-emission buses, enhancing their appeal to public and private operators. Additionally, technological advancements such as improved battery systems and autonomous driving features are fueling market growth. The rise in public transportation investments, particularly in developing nations, is also a significant driver.
๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The bus market is witnessing several trends, with the adoption of electric buses at the forefront due to the global push for sustainable mobility. Autonomous buses are gaining traction, particularly in developed countries, as trials for self-driving public transport solutions become more common. Integration of smart technologies, including real-time tracking and connectivity features, is enhancing passenger convenience and operational efficiency. Furthermore, a shift toward modular and customizable bus designs to meet diverse urban and rural requirements is reshaping the industry landscape.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/inquiry-before-buying/211011/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐
๐๐ข๐๐ญ๐ง๐๐ฆ
In 2024, VinFast, Vietnam's leading electric vehicle manufacturer, finalized a merger with GreenLine Transit Systems, strengthening its footprint in sustainable urban mobility solutions.
๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand witnessed a significant acquisition as Bangkok Mass Transit Authority (BMTA) partnered with BYD Auto to introduce electric buses, signaling a nationwide move towards eco-friendly transit systems.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's ComfortDelGro acquired SMRT Buses Ltd, consolidating its position as the premier transportation provider in the region while focusing on integrating autonomous bus technologies.
๐๐๐ฉ๐๐ง
Japan's Mitsubishi Fuso Truck and Bus Corporation (MFTBC) collaborated with Hino Motors Ltd under the Toyota Group, focusing on hybrid and fuel-cell bus manufacturing to cater to a greener future.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's Hyundai Motor Company formed a strategic partnership with LG Chem to integrate next-generation battery technologies into their bus offerings, propelling the country's leadership in EV innovation.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ
In Europe, Daimler Buses and Volvo Group formed a joint venture, accelerating the production of zero-emission buses across the continent. Meanwhile, Iveco acquired Solaris Bus & Coach to penetrate Eastern European markets.
๐๐๐
In the United States, Proterra merged with New Flyer Industries, creating a powerhouse in electric bus manufacturing, aimed at serving the growing demand for sustainable public transport in North America.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐๐๐๐ซ๐ฌ
๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐จ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐ฎ๐ฌ ๐ ๐ฅ๐๐๐ญ๐ฌ
Companies like BYD and Proterra are scaling up the production of electric buses to meet global emissions targets.
๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฒ๐๐ซ๐จ๐ ๐๐ง-๐๐จ๐ฐ๐๐ซ๐๐ ๐๐ฎ๐ฌ๐๐ฌ
Japan's Toyota Group and Europe's Daimler Buses are pioneering hydrogen fuel-cell technology to achieve zero-emission transit solutions.
๐ ๐จ๐๐ฎ๐ฌ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ง๐จ๐ฆ๐จ๐ฎ๐ฌ ๐๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒ
Volvo Buses launched its first fully autonomous bus in Singapore, showcasing advanced AI-driven navigation systems.
๐๐ง๐ก๐๐ง๐๐๐ ๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐จ๐ฆ๐๐จ๐ซ๐ญ ๐๐ง๐ ๐๐๐๐๐ญ๐ฒ
Mercedes-Benz Buses rolled out new safety systems, including active brake assistance and advanced driver monitoring.
๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ-๐๐๐๐ค๐๐ ๐๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ๐ฌ
South Korea and the European Union announced subsidies to promote the adoption of environmentally friendly buses.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/211011/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ:
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
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
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
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/bus-market/211011/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
๐๐ฎ๐ฌ ๐๐๐ซ๐ค๐๐ญ 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
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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