Take Up Buses And Coaches Market Opportunities with Clear Industry Data – Includes Buses And Coaches Market Demand
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Major players in the buses and coaches market include Mercedes-Benz Group AG (formerly Daimler AG), Volkswagen AG, CNH INDUSTRIAL N.V. (IVECO subsidiary of CNH Industrial), YUTONG, Volvo.
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The buses and coaches market is expected to grow from $80.73 billion in 2021 to $155.52 billion in 2026 at a rate of 14.0%. The global buses and coaches market size is then expected to grow at a CAGR of 12.3% from 2026 and reach $278.17 billion in 2031.
Asia Pacific was the largest region in the global buses and coaches market.
The buses and coaches market consists of sales of buses and coaches and related services by entities (organizations, sole traders and partnerships) that manufacture buses or coaches for the purpose of transporting people and goods. A few examples of buses and coaches’ brands include Volvo B5TL, TATA Marcopolo, Scania Higer A30 and Volvo B310R, among others.
Government initiatives promoting public transport to cut carbon emissions are expected to drive the buses and coaches market going forward.
Major bus and coaches manufacturers are investing in driverless vehicle technologies to reduce traffic congestion, prevent accidents and save fuel. Automated buses will revolutionize the efficiency and mobility of logistics, which will create new opportunities for manufacturers to bring bus automation technologies into the market. Driverless vehicles can sense their surrounding environment and navigate through an area without the involvement of humans using radar, GPS, computer vision technology. With this technology becoming realistic, many companies are expected to be part of the production and design of driverless buses. Autonomous buses are being tested with pilot projects in several cities worldwide. At the same time, technology is being developed aimed at reaching higher automation levels. Along with major players, governments across various regions are also implementing pilot projects for autonomous buses.
TBRC’s Buses And Coaches Market Report Is Segments:
By Fuel Type: Diesel, Electric and Hybrid, other fuel type
By Application: General, Personal, Recreational, Tourist, Others
By Body Built: Fully Built, Customizable
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Buses And Coaches Market Report 2022 –Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides an overview of the buses and coaches market globally and regionally, analyzes and forecasts market size, share, buses and coaches market players, buses and coaches market segments, leading competitor revenues, profiles and market shares.
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