Middle East Bus Market to Reach $ 4.2 Billion by 2022
Growing tourism activities coupled with various
expansion plans by the government to drive the Middle East bus market through 2022
According to TechSci Research report, “Middle
East Bus Market By Application, By Length, By Seating Capacity, By Fuel
Type, By Body Type, By Country, Competition Forecast & Opportunities, 2012
– 2022”, the Middle East bus market is projected to reach $ 4.23
billion by 2022. Saudi Arabia and the UAE are one of the major tourist
destinations in the world. In order to support and accommodate the incoming
traffic of travelers to the region, numerous leading bus companies are boosting
their operations in the Middle East, which is expected to positively influence
the region’s bus market through 2022.
Browse 13 market data Tables and 59 Figures spread through 130
Pages and an in-depth TOC on "Middle East Bus Market"
https://www.techsciresearch.com/report/middle-east-bus-market/3408.html
Toyota
Motor Corporation, Mitsubishi Fuso Truck and
Bus Corporation, Xiamen Golden Dragon Bus Co., Mercedes (Daimler AG) and Hyundai
Motor Company are some of the major players in the Middle East bus market.
Rising urbanization, growing population and increasing public transportation system are
anticipated to aid the region’s bus market during the forecast period. Owing to
a huge population base, Saudi Arabia dominated the Middle
East bus market in 2016 and the country is expected to maintain its market
dominance in the coming years as well.
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“Increasing focus of the governments in the
region to develop their tourism sector is expected to positively influence the Middle
East bus market in the coming years. Moreover, increasing urbanization, ongoing
smart city projects, growing government initiatives towards pushing people towards
public transport is expected to contribute immensely to the growing demand for
buses in the region”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Middle East management consulting firm.
“Middle East Bus Market By Application, By Length, By
Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast
& Opportunities, 2012 – 2022” has analyzed
the potential of bus market across the region, and provides statistics and
information on market size, shares and trends. The report will suffice in
providing the intending clients with cutting-edge market intelligence and help
them in taking sound investment decisions. Besides, the report also identifies
and analyses emerging trends along with essential drivers and key challenges
faced by the industry.
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