Global bus market is projected to reach $ 69 billion by
2025, on the back of rising demand for transportation from growing population,
especially in the urban areas, across the globe. Major factors responsible for
the rising sales of buses include improvements in infrastructure in various
large developing countries and increasing population.
The global bus market is segmented based on
application, bus length, seating capacity, fuel type, built type, and region.
Based on built type, the market can be bifurcated into fully built and customized,
of which the latter is expected to grow at a faster pace as a rising number of customers
are preferring such vehicles. Based on bus length, the market can be fragmented
into 6-8m, 9-12m and above 12m. The 9-12m segment acquires the highest share,
globally, due to increasing population, worsening traffic congestion and rising
focus on public transportation.
Major player operating in the
global bus market include Zhenzhou Yutong Group,
Volvo, Scania, TATA Motors Limited, Isuzu, Hino Motors, MAN, Marcopolo SA,
Daimler AG, Iveco, Ashok Leyland, and others. Most of the companies are developing
buses with new advanced technologies and alternate fuel technology such as
electric in order to stay strong in the global bus market. Many companies are making
huge investments in research & development and entering into joint ventures with other companies in order
to expand the market share in the global market.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the
analyze and forecast the global bus market size.
classify and forecast global bus market based on seating capacity, battery
type, application, bus length, company and regional distribution.
identify drivers and challenges for the global bus market.
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in the global bus market.
conduct pricing analysis for the global bus market.
identify and analyze the profile of leading players operating in the global