Press Release

South America Bus Market to Cross $ 2.5 Billion by 2022

Technology innovation, increasing urbanization and favorable government regulations to drive South America bus market through 2022

According to TechSci Research report, South America Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, bus market in South America is projected to reach $ 2.57 billion by 2022. Growth in the market is expected to be driven by rising population and growing urbanization coupled with huge investments by governments across the region to improve their public transportation system. Some of the other demand generating factors in South America bus market are growing production and sales of buses and increasing dealer base of numerous bus manufacturers in the region. 

Browse 12 market data Tables and 52 Figures spread through 114 Pages and an in-depth TOC on  "South America Bus Market"

https://www.techsciresearch.com/report/south-america-bus-market/3404.html

 

On the basis of application, South America bus market has been segmented into school buses, transit buses and motor coaches. Of these types, school buses accounted for the largest market share in 2016 and are expected to maintain their market dominance during the forecast period as well, backed by growing educational institutes in the region. The region’s bus market is largely concentrated in Brazil, owing to growing production of buses and rapid urbanization in the country.

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“Various companies such as Daimler AG, Volvo, Marcopolo S.A, Zhengzhou Yutong Bus Co., Ltd., etc., are boosting their operations as well as research & development activities to launch new bus models in the region. Moreover, the widespread presence of well-established network of dealers and distributors is expected to push the sales of buses in South America during the forecast period”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 

South America 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.

 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

 

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