“Global Bus Fleet Market: Analysis By Type (Inter City Bus, School Bus, Others), By Region, By Country Opportunities and Forecast (2012-2022)”
The demand for buses is growing with rapid urbanization and rising concern of people towards environment safety is promoting the technological advancements leading to less pollution and noise as per regulatory norms.
According to Azoth Analytics research report, “Global Bus Fleet Market: Analysis By Type (Inter City Bus, School Bus, Others), By Region, By Country Opportunities and Forecast (2012-2022)”, global market is projected to display a modest growth represented by a CAGR of 7.38% during 2017 – 2022. The growth is backed by rising demand of electric vehicles, government regulations to use energy efficient and less pollutant emission engines and growing advancements in the electrification technology.
CNG and electric buses is gaining the major attention as the next major development in bus; however, there are certain challenges that will need to be addressed, including the safety measures and government regulations regarding environment. Further, advancement in the bus technologies is expected to boost the global market in the forecast period. In the recent years, many leading manufacturing companies are dedicated in developing the electric hybrid buses, with the major focus on to reduce the cost and increasing efficiency. Many high capacity buses, low floor and less noise are being introduced in the market keeping in view the customer convenience.
The demand for buses is growing with rapid urbanization and rising concern of people towards environment safety. Among the regions, APAC accounts for the largest regional share in the total Bus market in 2016 and again is predicted to advance at the highest rate, mainly driven by the growing economies in China and India with the increasing automotive production, rising demand of electric vehicles and industrial development.
The report titled, “Global Bus Fleet Market: Analysis By Type (Inter City Bus, School Bus, Others), By Region, By Country Opportunities and Forecast (2012-2022)”, has covered and analysed the potential of Global Bus Fleet Market and provides statistics and information on market size, shares and growth factors.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Bus Fleet Market; By Region (North America, Europe, APAC and ROW) and By Country (U.S., Canada, Germany, U.K., China, India, Saudi Arabia, UAE, Oman Qatar, Kuwait, Bahrain, Algeria, Morocco, Egypt and Brazil).