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.
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