Global Bus Public Transport Market, By Application (Motor Coaches, Transit Buses, School Buses), Length (6-8 m, 9-12 m, Above 12 m), Seating Capacity (Up to 30 Seater, 31-40-Seater, Above 40 Seater), Fuel Type (Diesel, Petrol/Gasoline, Compressed Natural Gas, Electric and Hybrid), Body Built (Fully Built, Customizable), Locality (City, Rural), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Bus Public Transport Market
Data Bridge Market Research analyses that the bus public transport market would exhibit a CAGR of 8.30% for the forecast period of 2022-2029. Growing demand for public transportation systems especially in the developing economies, increased adoption of advanced automotive manufacturing technologies, growth and expansion of automotive industry especially in the developing economies and rising level of investment by the major market players for more innovation are the major factors attributable to the growth of bus public transport market.
Buses are a public mode of transportation that are used to save costs, fuel and reduce the environmental impact of harmful gas and emissions. Buses can transport a large number of passengers from one place to another.
Growth in the level of investments for research and development activities, growing awareness about the benefits of public transportations and upsurge in the public and private partnership for the development of automotive infrastructure will foster in growth in the market value. Rising application of this advanced technology in the commercial vehicles and stringent environmental regulations imposed by the government will also create lucrative growth opportunities for the market. Growing need of customised solutions for public transport vehicles, surging rate of manufacturing of commercial and passenger vehicles, rising prevalence of intelligent transport system and increasing passenger population will also foster the market growth.
However, lack of technological expertise in the developing and underdeveloped economies will pose a major challenge to the market growth rate. High costs involved with technological innovations and research and development proficiencies, increasing need of high capital investment and dearth of required advanced infrastructural facilities in the underdeveloped regions will hamper the market growth rate. Further, negative impact of COVID-19 will also restrict the scope of growth for the market.
This bus public transport market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bus public transport market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bus Public Transport Market Scope and Market Size
The global bus public transport market is segmented on the basis of application, length, seating capacity, fuel type, body type and locality. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Bus public transport market on the basis of application has been segmented as motor coaches, transit buses, and school buses.
- Based on length, the bus public transport market has been segmented into 6-8 m, 9-12 m, and above 12 m.
- On the basis of seating capacity, the bus public transport market has been segmented into up to 30 seater, 31-40-seater, and above 40 seater.
- On the basis of fuel type, the bus public transport market has been segmented into diesel, petrol/gasoline, compressed natural gas, electric and hybrid.
- Based on body type, the bus public transport market has been segmented into fully built, and customizable.
- Bus public transport has also been segmented on the basis of locality into city, and rural.
Bus Public Transport Market Country Level Analysis
The global bus public transport market is segmented on the basis of application, length, seating capacity, fuel type, body type and locality.
The countries covered in the bus public transport market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region dominates the bus public transport market and will continue to flourish its trend of dominance during the forecast period owing to the surging demand for passenger vehicles, growing investment by the government for the development of transport infrastructure, surging focus towards the integration of passenger safety systems in both commercial and passenger vehicles, rising disposable income of the people in India and China, growing urbanization and industrialisation and growth and expansion of automotive industry in this region.
The country section of the bus public transport market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Bus Public Transport Market Share Analysis
The bus public transport market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bus public transport market.
Some of the major players operating in bus public transport market are YUTONG, AB Volvo, Scania, Tata Motors., SML ISUZU, Hino Motors, Ltd., MAN, Marcopolo SA, Mercedes-Benz Group AG., CNH Industrial N.V., ASHOK LEYLAND, Yutong Bus, TRATON GROUP, Alexander Dennis Limited (ADL) and Robert Bosch GmbH among others.
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