DUBLIN, May 6, 2022 /PRNewswire/ — The report “Bus Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global bus market reached a value of US$43.84 billion in 2021. Going forward, the market is expected to reach a value of US$68.79 billion by 2027, posting a CAGR of 7.20% over the period 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst continuously monitors and assesses the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.
A bus is a large motor vehicle designed to facilitate the movement of people within a city or to remote locations along a fixed route and schedule. It is one of the most widely used forms of public transport across the world which reduces air pollution and requires less fuel to move passengers and minimal investment to launch new lines or routes. Currently, the number of people traveling by bus is increasing due to fuel price inflation, increased traffic congestion and road expansion costs, and changing consumer preferences.
Bus Market Trends
Due to growing environmental concerns, the number of people opting for public transport is increasing. This represents one of the key factors supporting the growth of the market. In addition, buses help individuals with social inclusion and enjoy the benefits of education, employment and health facilities. They are also used for advertising various products and political and public information campaigns. Also, since they are operated by professional drivers, buses have a lower accident rate than other automobiles.
This, coupled with the introduction of intelligent traffic light (STL) management systems to reduce traffic congestion, is driving the market. In addition, major players are focusing on strategic developments and mergers and acquisitions (M&A) to expand their geographical presence. Additionally, governments in many countries are encouraging the adoption of electric buses to reduce greenhouse gas (GHG) emissions, which positively influences the market. Some of the other factors, such as discounted travel bus passes, increasing automation in the transportation industry, rapid urbanization, and the growing use of big data to optimize routes, vehicle dispatch, and schedules, facilitate market growth.
Competitive landscape
The competitive landscape of the industry has also been examined along with the profiles of the major players being AB Volvo, Anhui Ankai Automobile Co. Ltd., Ashok Leyland (Hinduja Group), BYD Company Ltd., IVECO SpA, Mercedes-Benz Group AG, NFI Group, Solaris Bus & Coach sp. z oo (Construcciones y Auxiliar de Ferrocarriles SA), Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tata Motors Limited, Traton Group (Volkswagen AG), Xiamen King Long United Automotive Industry Co. Ltd. and Zhengzhou Yutong Bus Co. Ltd.
Key questions answered by this report
- How has the global bus market behaved so far and how will it behave in the years to come?
- What has been the impact of COVID-19 on the global bus market?
- What are the main regional markets?
- What is the market breakdown by type?
- What is the market breakdown by type of fuel?
- What is the market breakdown by seat capacity?
- What is the market breakdown by application?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global bus market and who are the main players?
- How competitive is the industry?
Main topics covered:
1 Preface
2 Scope and methodology
3 Executive summary
4 Presentation
4.1 Overview
4.2 Key Industry Trends
5 Global bus market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Type
6.1 Single Bridge
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Double deck
6.2.1 Market trends
6.2.2 Market Forecast
7 Market Breakdown by Fuel Type
7.1 Diesel
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Electric and Hybrid
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market trends
7.3.2 Market Forecast
8 Market Breakdown by Number of Seats
8.1 15-30 seats
8.1.1 Market trends
8.1.2 Market Forecast
8.2 31-50 seats
8.2.1 Market trends
8.2.2 Market Forecast
8.3 More than 50 seats
8.3.1 Market trends
8.3.2 Market Forecast
9 Market Breakdown by Application
9.1 Transit buses
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Intercity/Coaches
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market trends
9.3.2 Market Forecast
10 Market Breakdown by Region
11 SWOT Analysis
12 Value chain analysis
13 Analysis of the five forces of carriers
14 Price Analysis
15 Competitive Landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Volvo AB
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Finance
15.3.1.4 SWOT Analysis
15.3.2 Anhui Ankai Automobile Co. Ltd.
15.3.2.1 Presentation of the company
15.3.2.2 Product portfolio
15.3.2.3 Finance
15.3.3 Ashok Leyland (Hinduja group)
15.3.3.1 Company Overview
15.3.3.2 Product portfolio
15.3.3.3 Finance
15.3.3.4 SWOT Analysis
15.3.4 BYD Company Ltd.
15.3.4.1 Company Overview
15.3.4.2 Product portfolio
15.3.4.3 Finance
15.3.4.4 SWOT Analysis
15.3.5 IVECO Spa
15.3.5.1 Company Overview
15.3.5.2 Product portfolio
15.3.6 Mercedes-Benz Group AG
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Finance
15.3.6.4 SWOT Analysis
15.3.7 NFI Group
15.3.7.1 Company Overview
15.3.7.2 Product portfolio
15.3.7.3 Finance
15.3.8 Solaris Bus & Coach sp. z oo (Construcciones y Auxiliar de Ferrocarriles SA)
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Suzhou Eagle Electric Vehicle Manufacturing Co.Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product portfolio
15.3.10 Tata Motors Limited
15.3.10.1 Company Overview
15.3.10.2 Product portfolio
15.3.10.3 Finance
15.3.10.4 SWOT Analysis
15.3.11 Traton Group (Volkswagen AG)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Finance
15.3.12 Xiamen King Long United Automotive Industry Co. Ltd.
15.3.12.1 Company overview
15.3.12.2 Product Portfolio
15.3.12.3 Finance
15.3.13 Zhengzhou Yutong Bus Co.Ltd.
15.3.13.1 Company Overview
15.3.13.2 Product portfolio
15.3.13.3 Finance
For more information about this report visit https://www.researchandmarkets.com/r/sil0rb
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