Growing
population and rising urbanization coupled with increasing demand for electric
& CNG buses to drive global bus market through 2022
According to TechSci Research report, “Global Bus Market By Application,
By Length, By Seating Capacity, By Fuel Type, By Body Type, By Region,
Competition Forecast & Opportunities, 2012 – 2022”, global bus market is projected to cross $ 52
billion by the end of 2022. Backed by rising sales of buses across the globe,
growing population and increasing inclination of people towards public
transportation systems, demand for buses is expected to grow at a rapid pace
during forecast period. Moreover, growing presence of companies such as Daimler
AG, Volvo and Tata Motors and their continued research & development
efforts to manufacture technologically advanced buses is anticipated to boost the
global bus market during the next five years.
Browse 71 market data Tables and 338 Figures
spread through 575 Pages and an
in-depth TOC on "Global Bus Market"
Asia-Pacific dominated the global
bus market in 2016 and the same trend is anticipated during the next five years
as well, owing to increasing demand for transportation from growing population
and worsening traffic congestion scenario. Moreover, growing penetration of
Chinese players such as Xiamen Golden Dragon Bus Co. Bus Co., Zhengzhou
Yutong Bus Co. Ltd., Bus Co., Ltd., Xiamen
King Long United Automotive Industry Co. Ltd., Anhui Ankai Automobile Co., Ltd., etc., on a global
level is anticipated to positively influence the global bus market during
forecast period
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“Increasing population and urbanization is
compelling governments of various countries to enhance their public
transportation system. Moreover, growing government initiatives to support the
adoption of emission-free electric buses in comparison to conventional diesel
buses would support the growth of global bus market in the future years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Bus Market
By Application, By Length, By Seating Capacity, By Fuel Type, By Body Type, By Region,
Competition Forecast & Opportunities, 2012 – 2022” has analyzed the potential of bus
market across the globe, 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 analyzes emerging
trends along with essential drivers and key challenges faced by the industry.
About TechSci Research
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