Buses Market Report 2022 by Type, Fuel Type, Seat Capacity and Application – IMARC Group – Ripon College Days

According to the latest report from the IMARC group, “Global Bus Market Size, Share, Growth, Trends, Opportunities and Forecast 2022-2027“, the global bus market reached a value of US$43.84 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$68.79 billion. by 2027, posting a CAGR of 7.20% in 2022-2027.

A bus represents a large motor vehicle designed to facilitate the movement of people between locations along a fixed route and according to a predetermined schedule. It can be single or double in nature. Buses are among the most widely used means of public transport in the world. They help reduce air pollution levels, require less fuel to carry more passengers and involve minimal investment to launch new routes or lines.

Report metric
History: 2016-2021
Base year: 2021
Forecast year: 2022-2027

Bus Market Trends and Drivers:

Fuel price inflation and levels of traffic congestion in countries are mainly driving the bus market. In addition to this, the buses connect socially excluded people living in remote areas to educational, employment and health facilities. This further catalyzes the growth of the market.

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Moreover, since they are operated by professional drivers, buses generally have a lower accident rate than other vehicles, which also increases the global market. Apart from this, the introduction of intelligent traffic light (STL) management systems to reduce traffic congestion is acting as another important growth driver.

Additionally, the initiation of beneficial policies by government bodies to encourage the adoption of electric buses to reduce greenhouse gas (GHG) emissions is also supporting the growth of the market. Additionally, the rising popularity of discount travel bus passes and the increasing use of big data to optimize routes, vehicle dispatch times, timetables, etc., are expected to drive the bus market in coming years.

To note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Analysis and segmentation of the global bus market 2022-2027:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

AB Volvo, Anhui Ankai Automobile Co. Ltd., Ashok Leyland (Hinduja Group), BYD Company Ltd., IVECO SpA, Mercedes-Benz Group AG, NFI Group, Solaris Bus & Coach sp. z oo (Construcciones y Auxiliar de Ferrocarriles SA), Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tata Motors Limited, Traton Group (Volkswagen AG), Xiamen King Long United Automotive Industry Co. Ltd. and Zhengzhou Yutong Bus Co. Ltd.

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The report has segmented the market based on region, type, fuel type, seating capacity and application.

Breakdown by type:

Breakdown by type of fuel:

  • Diesel
  • Electric and Hybrid
  • Others

Breakdown by number of seats:

  • 15-30 seats
  • 31-50 seats
  • More than 50 places

Breakdown by application:

  • Transit buses
  • Intercity/Coaches
  • Others

Breakdown by region:

  • North America: (United States, Canada)
  • Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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