The global bus market size reached US$ 47.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028. More Info:- https://www.imarcgroup.com/bus-market

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Global Bus Market Research
and Forecast Report 2023-
2028
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
About IMARC Group
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management strategy and market research worldwide. We partner with clients in all sectors
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secure lasting results.

3. Report Description
Report Description and Highlights
Global Bus Market Research Report:
The latest report by IMARC, titled “Bus Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2023-2028” " the global bus market reached a value of US$ 47.1 Billion in
2022.
A bus is a type of motor vehicle that is generally used for carrying passengers on a fixed schedule and
route. It is widely utilized for goods transport, brand or product promotion, private charter, tourism,
and student and public transport. There has been a considerable increase in the preference for buses
for travel purposes due to the increasing traffic congestion across urban locations and continual
improvements in public mobility services.
Along with this, rapid advancements in the public transportation sector, such as the advent of digital
ticketing and live tracking solutions are providing an impetus to the demand for buses among the
masses.
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4. Report Description
Report Description and Highlights
Global Bus Market Trends:
The global market is primarily driven by the increasing demand for the public transportation systems since they are
relatively cheaper than private and personal vehicles. In line with this, the widespread adoption of buses by
educational institutions, corporate offices and hospitals is propelling their demand. Along with this, numerous leading
manufacturers and sellers are heavily investing in launching electric-powered buses due to an enhanced focus on
sustainable development, which is creating a positive market outlook. Additionally, the increasing initiatives by the
governments of several countries to promote the utilization of electric buses on account of the rising pollution levels
are acting as another major growth-inducing factor.
Furthermore, smart tracking solutions and intelligent communication technology (ICT) are widely being equipped
with buses, which is anticipated to favorably impact the market. Other factors, including the growing need to connect
rural areas to cities and the augmenting fuel prices across the globe, are also positively influencing the market
growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 71.5 Billion by
2028, exhibiting a CAGR of 6.8% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period
(2023-2028).

5. Report Description
Report Description and Highlights
Market Summary:
Breakup by Type:
• Single Deck
• Double Deck
Breakup by Fuel Type:
• Diesel
• Electric and Hybrid
• Others
Breakup by Seat Capacity:
• 15-30 Seats
• 31-50 Seats
• More than 50 Seats
Breakup by Application:
• Transit Bus
• Intercity/Coaches

6. Report Description
Report Description and Highlights
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain

7. Report Description
Report Description and Highlights
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

8. Competitive Landscape with Key Players:
• AB Volvo
• Anhui Ankai Automobile Co. Ltd.
• Ashok Leyland (Hinduja Group)
• BYD Company Ltd.
• IVECO S.p.A
• Mercedes-Benz Group AG
• NFI Group
• Solaris Bus & Coach sp. z o.o. (Construcciones y Auxiliar de Ferrocarriles S.A.)
• Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
• Tata Motors Limited
• Traton Group (Volkswagen AG)
• Xiamen King Long United Automotive Industry Co. Ltd.
• Zhengzhou Yutong Bus Co. Ltd.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/bus-market
Report Description
Report Description and Highlights

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

11. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
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International Market Analysis Research and Consulting (IMARC). No part of this publication may be
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Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
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Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

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