The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Government initiatives for public transport are projected to stimulate innovation in the production of public bus services, hence driving the market throughout the forecast period.

The global public bus services market is expected to grow from $221.89 billion in 2022 to $242.57 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The global public bus services market size is expected to reach $327.00 billion in 2027 at a CAGR of 7.8%.

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Global Public Bus Services Market Segments Include:

• By Type: Light And Medium Type, Large Type
• By Body Built: Fully Built, Customizable
• By Fuel Type: Diesel, Electric And Hybrid, Other Fuel Types
• By Application: Urban Transport, Long Distance Transport, Specialist Services
• 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 public bus services market in 2021.

Major Market Players in the public bus services market include BC Transit Corporation, Transport International Holdings Limited, The Brussels Intercommunal Transport Company, Transdev, The Berliner Verkehrsbetriebe, Chicago Transit Authority.

Technological developments are a crucial trend that is gaining traction in the market for public bus services. Firms providing public transport are concentrating on embracing innovative technology to improve the efficiency and applications of public transport and obtain a competitive edge. For example, the Chandigarh government (India) will implement an intelligent public bus transportation system in August 2020. In the first phase, 100 buses were connected to a smart system that will offer real-time information on bus movement, and a primary control station will track all buses using GPS (global positioning system).

The Public Bus Services Global Market Report 2023  provides a public bus services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The public bus services market forecast analyzes public bus services market size, public bus services 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.

Public bus services are a system of vehicles, such as buses, that run on defined routes at regular intervals and are used by the general public. The operators, who are usually the government, provide public bus services for a fee.

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