Showing posts with label Global Bus Market. Show all posts
Showing posts with label Global Bus Market. Show all posts

Monday, 30 December 2019

Bus Market to Grow to $ 69 Billion by 2025 – TechSci Research

Rising tourism, increasing population, growing transport infrastructure and technological advancements to boost global bus market
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, 2015 – 2025F, the global bus market is projected to reach $ 69 billion by 2025 due to growing road and transport infrastructure, rising population and increasing demand for electric buses. Other major factors driving the bus market include government initiatives for better road infrastructure and increase in vehicle production in major developing countries. Additionally, with the launch of new models in the electric segment and upgradations in the government policies, it is expected that higher penetration of electric buses across the globe would be witnessed during the forecast period.


Browse 330 market data Figures and Tables spread through 500 Pages and an in-depth TOC on "Global Bus Market"
Global bus market is segmented in terms of seating capacity, fuel type, application type, length, built type and region. In terms of seating classification, the market can be segmented into up to 30 seater, 31 to 40 seater and above 40 seater buses, of which, the above 40 seater bus category accounted for the largest market share in 2019 and the vehicle segment is expected to maintain its leading market position during the forecast period.
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Zhenzhou Yutong Group, Volvo, Scania, TATA Motors Limited, Isuzu, Hino Motors, MAN, Marcopolo SA, Daimler AG, Iveco, Ashok Leyland, etc., are few of the leading players operating in the global bus market. Major bus companies are expanding their manufacturing bases in developing countries in order to meet rising demand across developing countries in APAC, Middle East, Africa and South America.
“In the wake rising air pollution levels, governments are encouraging consumers to opt for electric buses rather than those which run on fossil fuels. To safeguard the environment and promote clean driving, governments across various countries are offering incentives to the electric bus buyers and also exempting these vehicles from various taxes, which is anticipated to fuel the bus market over the next few 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, 2015 – 2025F has evaluated the future growth potential of the global bus 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 market.
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About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
 Tel: +1-646-360-1656

Monday, 29 July 2019

Global Bus Market to Surpass $ 52 Billion by 2022


Growing population and rising urbanization coupled with increasing demand for electric & CNG buses to drive global bus market through 2022 
Global Bus Market

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
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656

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