Global Buses And Coaches Market Size, Drivers, Trends, Opportunities And Strategies – Includes Global Buses And Coaches Market Share
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The increasing demand for travel by bus are expected to drive innovation in buses and coaches manufacturing, thus driving the market during the forecast period.
The global buses and coaches market is expected to grow from $42.76 billion in 2022 to $45.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The global buses and coaches market size is expected to grow to $60.17 billion in 2027 at a CAGR of 6.9%.
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- By Type: Diesel Buses, Hybrid Buses, Electric Buses, Ethanol Buses
- By Application: General, Personal, 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, North America is the largest region in the global buses and coaches market in 2021.
Major Market Players in the buses and coaches market include Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo, Eicher Motors Limited, TATA Motors, Ashok Leyland, Solaris Bus, Coach SA, and Iveco.
The autonomous bus is a key trend gaining popularity in the bus and coach market. The number of autonomous bus pilots is growing, and many manufacturers have already confirmed the introduction of autonomous bus deliveries In September 2021, Volvo Buses announced testing autonomous driver support, a new concept involving a system that assists the driver when approaching and stopping at bus stops, requiring high precision and safety.
The Buses And Coaches Global Market Report 2023 provides a buses and coaches market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The buses and coaches market forecast analyzes buses and coaches market size, buses and coaches market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Buses and coaches are any motor vehicles, with or without a trailer for the transportation of passengers’ belongings, that are designed to carry more than nine people, including the driver. Buses are pre-scheduled or shared transportation and coaches typically operate on routes chosen by the passengers or trip planners and are considered private modes of transportation.
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