Bus Industry

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Bus Market
Global Bus Market Outlook 2024 Opportunity
Growth Analysis, 2016-2024
Report Code T1335
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Trends And Opportunities In Bus Market The
global economic recovery played a significant
role in the performance of the Bus Market. The
global GDP growth went from XX per cent in 2016
to XX per cent in 2017. Consequently that lead to
an increase in the disposable income for
travellers, especially in developing
countries. We can certainly argue
that the increase in the buying power of
consumers, combined with low-cost airfares in the
airline industry, directly influenced the growth
in the Bus market. Still Bus companies cannot
rely only on global economic growth for future
success.
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• Technology Innovation
• Bus has been keeping Bus companies on their toes
  for a few years now.
• At the same time, it pushed them to expand and
  find opportunities in this shift in customer
  trends. Offering Bus by the hour was one of the
  first resolutions that the leading Bus companies
  implemented. which resulted in taking a share of
  the new demand.
• Car-sharing is a recent phenomenon in developing
  countries, only taking root within the last three
  years. Although there are few car-sharing
  operators in developing countries, the number of
  systems is growing.
• Car-sharing is most active in Central and South
  America, which has five systems in operation, and
  in Turkey, with three small systems. Following
  those two areas, China currently has two
  car-sharing operators, while Zoom will mark the
  first car-sharing operation in  India

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The green vehicle Shifting the focus to green
vehicles will not only give a more economical
alternative to customers, but will contribute to
a bigger cause increasing awareness about
pollution and the negative effects it has on the
environment. For some Bus companies, this step
might be as an alternative to higher device
prices. Impact Analysis- Bus is still
at its nascent stage, though some major brands
have begun to realize and leverage its potential
as a mass media platform. However, the public
unawareness of Bus is still one of the biggest
challenges faced by this technology.
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• The biggest technology driver over the past two
  years in bus and coach manufacturing has been
  demand for alternative energy sources.
• Bus and coach manufacturers are global leaders in
  development of hybrid vehicle technology, from
  gas-powered buses to biogas, fuel cell and
  hydrogen technology.
• Globally, national and local governments are
  committed to cleaner air strategies in their
  cities and are committing money to research and
  offering attractive incentives to encourage
  adoption of alternative power, from CNG for city
  buses to hybrid diesel electric power on
  inter-state routes
• While many of these are still at the
  project/trial phase, CNG-powered buses with their
  characteristic roof-mounted gas tanks are now
  produced in such numbers as to be considered
  mainstream manufacture Volvo Buses began
  commercial production of hybrid buses in 2010 in
  its Polish and Swedish plants, for example.

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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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