Technological Advancements to Drive Europe Bus Market to $ 8.8 Billion by 2024
Launch of luxury and comfortable buses
coupled with government efforts to boost public transportation sector to fuel Europe bus market
through 2024
According to TechSci Research report, “Europe
Bus Market By
Length, By Seating Capacity, By Fuel Type, By Body Type, By Country,
Competition Forecast & Opportunities, 2014-2024”, Europe bus market is projected
to reach $ 8.8 billion by 2024 on account of rising technological advancements
in automobile sector and increasing production of buses in Europe. Moreover, several initiatives have been taken
by different countries in the European Union to support the expansion of
region’s bus fleet and to address the growing concerns regarding rising
pollution levels. Additionally, various smart city projects along with rising
government focus on public transport sector is further anticipated to fuel Europe
bus market over the next five years.
Browse 9
market data Tables and 66 Figures spread through 175 Pages and an in-depth
TOC on "Europe
Bus Market"
https://www.techsciresearch.com/report/europe-bus-market/3409.html
Inter-city and intra-city buses are popular in
Europe, on account of strong demand for public transportation in the region. Among
countries, Germany and United Kingdom are the leaders in Europe bus market owing
to their extensive public transportation systems and growing adoption of buses
among users. The same trend is likely to continue in the coming years as well, on
account of increasing production and sales of buses in these countries. Some of
the major companies operating in Europe bus market are Daimler, Iveco, MAN, Scania,
Volvo, among others. Moreover, many companies are continuously working hard to
intensify their business operation by expanding their product portfolio and by
foraying into the electric bus segment owing to the high demand for vehicles
running on cleaner fuels.
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“Owing to many ongoing research &
development projects in pipeline to manufacture more efficient and
technologically advanced buses which run on cleaner energy sources coupled with
consistently increasing bus sales across the region, Europe bus market is
anticipated to witness growth during forecast period. Moreover, growing adoption
of public transportation and expansion of bus manufacturing divisions by OEMs is
further expected to aid the growth of Europe bus market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Bus Market By Length, By Seating Capacity, By
Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities,
2014-2024” has analyzed the potential of bus market across Europe,
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 Europe bus market.
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