Increasing adoption of electric buses and increasing urbanization in developing countries is expected to drive the Global Bus and Coach Market through 2028.
According to TechSci Research report, “Bus and Coach Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028”, Global bus and coach market is growing due to increasing number of green vehicles technology and rise in tourism across all regions. The buses and coaches market consists of the sales of buses and coaches, with buses dominating the industry. Coaches are gaining popularity for long-distance travels in both North America and Europe, which is enabling the market to grow. In order to ease traffic congestion, minimize accidents, and conserve fuel, the majority of bus and coach manufacturers are investing in connected vehicle technologies. Additionally, it is expected that rising demand for bus transportation is expected to drive the global bus and coach market.
As a result of concerns about poor air quality and health as well as growing fuel prices, a significant number of transportation organizations are transitioning to hybrid-electric buses. IC engine and electric motor are combined in a hybrid drive system to produce less emission and have excellent fuel efficiency. Furthermore, growing need for electric buses and coaches for public transit in European nations leads to growing fleet size. Governments in several nations are developing frameworks and policies to support energy-efficient and low-impact vehicles in an effort to speed up the adoption of electric buses. Additionally, the demand for transportation has expanded due to rapid urbanization, particularly in developing nations, which is also boosting the global market for buses and coaches. The growth of global bus and coach market was constrained by the historically unstable global pricing of metals such as copper, steel, and other metals.
The autonomous bus is another significant trend that is growing in popularity in the market for buses and coaches. In autonomous buses, many manufacturers are making investments. In 2021, the Asia Pacific market have produced more than 1,40,000 buses, surpassing Europe and North America region combine. Based on Vehicle type buses has more shares than coaches due to majority of countries infrastructure is suitable for bus travel. On the basis of fuel types of diesel buses dominate the market. On the basis of length, 8-10m buses are more popular bus models. On the basis of seating capacity, majority of buses have 31-40 seats. Based on body type, fully built bus segment is dominating the market.
Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Global Bus and Coach Market"
The global bus and coach market can be segmented based on vehicle type, bus type, fuel type, length, seating capacity, body type, region, and by company. On the basis of vehicle type, it is divided into bus and coaches. Based on bus type, the market is segmented into intercity bus and intracity bus. On the basis of length, the bus and coach market is divided into 6-8m, 8-10m, 10-12m, above 12m. Based on seating capacity, it is further divided into up to 30, 31-40, 41-50, and above 50. Based on body type, it is divided into fully built and customizable body.
Some of the major companies operating in the Global Bus and Coach Market include:
- Mercedes-Benz AG (Daimler AG)
- VDL Bus and Coach
- Scania AB
- AB Volvo
- Marcopolo S.A.
- Solaris Bus and Coach SA
- Zhengzhou Yutong Bus
- Alexander Dennis
- Xiamen King Long United Automotive
- Zhengzhou Yutong Bus Co. Ltd.
These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.
Customers can also request for 10% free customization on this report.
The maximum number of buses were made in Asia-Pacific, which propelled this region to the top of the global bus and coach market. Also, rapid urbanization in developing countries is expected to boost the bus and coach market in the upcoming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Bus and Coach Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of Global Bus and Coach Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global bus and coach market.
Press Release : https://www.techsciresearch.com/news/8035-bus-and-coach-market.html
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com
No comments:
Post a Comment