Opportunities And Strategies Analysis For The Buses And Coaches Market – Includes Buses And Coaches Market Size
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Governments across the world are emphasizing cutting carbon emissions to reduce pollution. Eco-friendly public transportation can play a significant role in controlling carbon emissions, as per The Business Research Company’s buses and coaches market opportunities and strategies report.
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.
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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.
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.
The Global Buses And Coaches Market Is Segmented:
By Fuel Type: Diesel, Electric And Hybrid, Other Fuel Types
By Application: General Transit, Personal And Recreational, Tourist, Other Applications
By Body Built: Fully Built, Customizable
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global buses and coaches market.
TBRC’s Buses And Coaches Market Report Covers:
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Buses And Coaches Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough buses and coaches market research, analyzes and forecasts buses and coaches market size, buses and coaches market share, buses and coaches market players, buses and coaches market trends, buses and coaches market segmentation and geographies, leading competitor revenues, profiles and market shares.
TBRC’s buses and coaches market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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.
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