Global Bus Market to Grow at a CAGR of 7.90% (2016-2024)

Posted on 2018-07-24 by Goldstein Research in Transportation & Logistics // 0 Comments

New York, USA, 2018-Jul-24 — /EPR Network/ — According to Goldstein Research, global bus market is expected to reach USD 60.62 billion by 2024, growing at a CAGR of 7.90% over the forecast period 2016-2024. The huge population mainly in the developing regions is being facilitated by growing investments in public transportation by the government in order to reduce the number of private vehicles on road and the pollution levels are thus driving the global bus market.

Global bus market segmentation has been done on the basis of fuel type, body type, seating type and geography. Fully built body type buses accounted for the largest market share of 56.2% in 2016, majorly used as transit buses, motor couches and school buses. Global bus market is largely dominated by Asia-Pacific region with 51.2% market share in 2016. The fast urbanization, rising population and traffic congestion is igniting the growth of public transportation in the APAC region.

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Market Segmentation

On the basis of our in-depth analysis, Global bus Market can be segmented as follows:

By Fuel Type

Diesel
Petrol/Gasoline
CNG
Electric & Hybrid

By Body Type

Fully Built
Customizable

By Seating Type

15-30
30-40
40-50
Above 50

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global bus Industry Analysis” contains a detailed overview of the global bus market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by fuel type, body type and seating type.

Further, for the in-depth analysis, Global bus Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Anhui Ankai Automobile Company, Ashok Leyland Limited, Daimler AG, GAZ OAO, Gillig Corporation, Hino Motors, Hyundai Motor Company, Isuzu Motors, Irisbus Iveco, MAN Truck & Bus, Marcopolo S.A, Scania AB, Solaris Bus & Coach S.A, Tata Motors Limited, Volvo Bus Corporation, Xiamen Golden Dragon Bus Co., Xiamen King Long United Automotive Industry, Zhengzhou Yutong Bus Co., Ltd., Volkswagen AG, Toyota Motor Corporation,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global bus market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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