The demand for sustainable transportation, urbanization, population growth, and other factors have driven a rapid increase of the worldwide bus market. The market, which is expected to be worth USD 16.2 billion in 2022, is influenced by economic conditions, government efforts, and the development of infrastructure. The market is expected to reach a significant USD 26.18 billion, with a compound annual growth rate (CAGR) of 7.1% from 2023 to 2029. This is according to a comprehensive market report that analyzes the market's size, share, and dynamics by region, covering growth drivers, major constraints, opportunities, and emerging challenges.
Bus Market Report Scope and Research Methodology
This report distinguishes itself in the field of Bus Market research by offering unique key figures, accurate insights, and a sophisticated comprehension of trends and the competitive environment. It carefully analyzes the state of the Bus market now and provides projections until 2029. Expected elements consist of comprehensive company profiles that cover elements like capacity, production, pricing, expenses, revenue, and contact information for top Bus manufacturers globally. Because of the bottom-up methodology used, accurate estimates of the global and regional Bus market sizes are guaranteed.
The analyst has focused on critical market trends that are likely to impact new venture investments and developments in the Bus sector. These include cutting-edge uses, government investments, new technologies, changing laws, multinational market entry, and other dynamic industry dynamics. In-depth research of these trends is provided in this study, enabling clients to make well-informed decisions on how to position themselves in the competitive Bus market.
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Bus Market Segmentation:
Based on Seating Capacity: The market is divided into Small Bus (Up to 15 passengers), Medium Bus (16 to 35 passengers) and Large Bus (36 + passengers). The Medium Bus segment held the largest Bus Market share in 2022. In 2021, most of the buses sold across the globe were medium-duty buses with around 553,000 sales and this volume is forecast to climb to nearly 800,000 units in 2029.
The international market segment is expected to grow during the forecast period. The international market includes the export, import and sale of buses across national borders. It is influenced by factors such as cross-border transportation agreements, global economic conditions, infrastructural development and regional preferences for specific bus type and features.
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
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Bus Market Key Players include:
- 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.
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Bus Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Table of content for the Bus Marketincludes:
- Global Bus : Research Methodology
- Global Bus : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Bus : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
About Maximize Market Research:
Maximize Market Research is a flexible market research and consulting organization made up of professionals from various sectors. Our scope is broad and includes manufacturing of pharmaceuticals and medical devices, as well as science and engineering, electronics, industrial equipment, technology and communication, automotive, general merchandise, chemicals, beverages, personal care, and automated systems. Our services include carefully vetted industry estimations, comprehensive technological trend analysis, essential market research, competitive evaluations, strategic advice, production and demand analyses, and client impact studies. To put it simply, we offer a thorough and customized method for comprehending and negotiating the complexities of many marketplaces.
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