Buses in North America Growing steadily with 32.1% Share of Global Bus Market
According to Goldstein Research, global bus market is expected to reach USD 60.62 billion by 2024, growing at a CAGR of 7.90% over the forecast period 2016-2024. The huge population mainly in the developing regions is being facilitated by growing investments in public transportation by the government in order to reduce the number of private vehicles on road and the pollution levels, is thus driving the global bus market. Global bus market segmentation has been done on the basis of fuel type, body type, seating type and geography. Fully built body type buses accounted for largest market share of 56.2% in 2016, majorly used as transit buses, motor couches and school buses.
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Market Segmentation
On the basis of our in-depth analysis, Global bus Market can be segmented as follows:
• By Fuel Type
o Diesel
o Petrol/Gasoline
o CNG
o Electric & Hybrid
• By Body Type
o Fully Built
o Customizable
• By Seating Type
o 15-30
o 30-40
o 40-50
o Above 50
• By Region
o North America
o Europe
o Middle East and Africa
o Latin America
o Asia Pacific
“Global bus Industry Analysis” by Goldstein Research contains detailed overview of the bus industry. Further, for the in-depth analysis, it encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. It also includes outlook of some of the major players profiling of companies such as Anhui Ankai Automobile Company, Ashok Leyland Limited, Daimler AG, GAZ OAO, Gillig Corporation, Hino Motors, Hyundai Motor Company, Isuzu Motors, Volkswagen AG, Toyota Motor Corporation,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global bus market trends along with market forecast that will helps in transport industry analysis, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Our analysts are working on transportation industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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