Title: Bus Market
1Bus MarketMarket size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2023-2028
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The global Bus market is forecast to reach 55.2
billion by 2026, growing at CAGR 6.7 from 2021
to 2026. Buses are most preferred mode of public
transportation by many people in day to day
life. Growing population in urban areas has
increased the demand for buses. Increasing
pollution and increasing emission has encouraged
the many to convert to electric buses in the bus
fleet.
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- Key Takeaways
- The Bus Market will have the substantial growth
in the forecast period especially in the transit
segment. As the population increases and adoption
of public transportation will be the top priority
both by Government and by the public. - Bus market is expected to shift its fuel
consumption from diesel to natural gas and
electric. This in turn will reduce the pollution
in the environment. Initiatives have been taken
due to increased pollution in the past few years
and this will drive the market grow during the
forecasted period. - APAC region will show high growth due to
increasing population and need for the public
transportation for the people. This is especially
rising in countries like China and India.
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By Distribution Channel- Segment
Analysis Transit buses are efficiently designed
to move passengers within cities and also for
other applications. These buses are used by
private transport companies. Common public rely
on buses to cater their needs for transportation
in turn driving the demand for these buses. This
is driving the market especially for doubler
decker and articulated buses. Motor Coaches used
in long distance travelling with comfortable
seats and other amenities. Tourism sector
utilises the multi axis buses, particularly motor
coaches, so that the passengers are comfortable
while travelling. This is driving the motor coach
market at highest CAGR of 8.2 CAGR through 2026.
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- Bus Market Industry Outlook
- Zhengzhou Yutong Bus Co.
- Volvo
- Daimler AG
- Xiamen King Long United
- Traton (Man, Scania, etc.)
- Ashok Leyland
- Navister
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Bus Market - Forecast(2023 - 2028) Learn More
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esearch/Bus-Market-Research-509154
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Reddy Contact (1) 970-236-3677 Email
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Contact (1) 970-236-3677
Inquiry Before Buying
Email sales_at_industryarc.com