Growing smart city projects, rising population, rapid
urbanization and favorable government policies to fuel Asia-Pacific bus market through
2022
According to TechSci Research report, “Asia-Pacific
Bus Market By Application, By Length, By Seating Capacity, By
Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities,
2012 – 2022”, the bus market in
Asia-Pacific is projected to reach $ 30.81 billion by the end of 2022. As
pollution levels across the region are one of the highest among the world,
several governments are taking initiatives to curb their harmful effects on the
environment, owing to which demand for buses is anticipated to grow in the
region in the coming years. Moreover, growing population and urbanization and
expanding manufacturing operations by leading companies would aid Asia-Pacific
Bus Market through 2022.
Browse 15 market data Tables and 66 Figures
spread through 138 Pages and an
in-depth TOC on "Asia-Pacific Bus Market"
With growing number of educational institutes in
the region, demand for school buses is also increasing at a robust pace in the region.
The segment is also anticipated to maintain its dominance in the region’s bus
market during the forecast period. As China is the most populated country in
the region, it is also the largest demand generator for buses in the region. On
account of growing demand for public transportation in the country, China bus
market would grow at a robust pace in the coming years.
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“Growing presence of various companies such as
Zhengzhou Yutong Bus Co., Ltd., Isuzu Motors Ltd. and Tata Motors Ltd. and their continued research and development efforts
to manufacture technologically advanced buses is further anticipated to
intensify the Asia-Pacific bus market during the next five years. Also,
increasing consumer preferences towards an eco-friendly transportation system
and rising population is expected to aid the growth of the region’s bus market through
2022”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Asia-Pacific Bus
Market By Application, By
Length, By Seating Capacity, By Fuel Type, By Body Type, By Country,
Competition Forecast & Opportunities, 2012 – 2022” has analyzed the potential of bus market across the region,
and provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyses emerging trends along with essential
drivers and key challenges faced by the industry.
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