Bus Market

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Bus Market

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A bus is a road vehicle which can be used for commercial or personal purpose both. The automobile (automotive companies) sector has expanded over the years into a developed and well established industry. Innovation and manufacturing of vehicles has helped the industry to grow into a profitable one. There is rising demand of the buses from the growing population especially from the urban areas which is globally driving the bus market. – PowerPoint PPT presentation

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Title: Bus Market

1
Global Bus Market Outlook
Global Bus Market Outlook 2024 Opportunity
Growth Analysis, 2016-2024
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2
Global Bus Market Outlook
Global Bus Market Share(), By Region-2016-2024
Global Bus Market Size USD (Billion). 2016-2024
Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Marker Less Bus accounted for the
highest market share XX in global Bus market
With XX share in 2016, dominated the global Bus
market
Global Bus Market Share (), By Seating
Capacity-2016
Global Bus Market Share (), By Body Type-2016
Global Bus Market Share(), By Fuel Type-2016
Source Goldstein Research
Source Goldstein Research
Source Goldstein Research
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Research
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3
Global Bus Market Outlook

Bus Market
Global demand for buses is projected to advance
more than seven percent per annum to XX thousand
units in 2018, twice as fast as the 2008-2013
rate of increase. Five major trends will drive
growth.
The major one is expansion in the size of the
global urban population.
Global bus and coach manufacturing is in a growth
cycle, driven by economic growth in the BRIC
nations.
In countries such as China and India,
car-ownership is low, so demand for public
transport is high. Comparatively low volumes and
the number of model variants needed to satisfy
differing operational needs, mean manufacturing
efficiencies rely on joint ventures, partnerships
and modular products.

National and local governments play a key role in
purchasing decisions and influence the market
through legislation,.The market includes school
buses, minibuses, city service buses, articulated
buses and luxury coaches. In the school bus
sector, the market in China is predicted to grow
to between XX thousand and XX million school
buses nationwide thats massive sales potential
for bus and coach manufacturers, in a sector
where demand in mature markets is typically in
the tens of thousands.

The need to respond to local conditions and
demands means manufacturers have to be
ultra-flexible. Manufacturing is focussed on
modular chassis platforms produced in volumes at
regional plants, which are then finished by local
bodybuilding partners. Coach and bus bodybuilding
is labour-intensive with limited scope for
automation, so using local labour also helps
keeps costs down.

Western European chassis manufacturers have
around 10 of total world registrations, but
dominate global chassis production. The past two
years has seen a series of takeovers and JVs,
particularly in China, India and Russia, as these
manufacturers seek to secure a role in growth
markets. There are also some globally-focussed
coach bodybuilders Brazils MarcoPolo and
Spains Irizar, for example. MarcoPolo, already a
partner for Mercedes-Benz, now has a JV with
Russias Kamaz and Indias Tata Motors.

Electric and Hybrid Technology
Sample
Autonomous Technology
Automotive Telematics
Rapid Urbanization
Global Bus Market (USD Billion)
North America
Europe
Asia-Pacific
USD Billion
2016
USD Billion
USD Billion
2024
USD Billion
USD Billion
USD Billion
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Research
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