Asia-Pacific Bus Market to Surpass USD 30 Billion by 2022: TechSci Research

by Anamika Singhal SEO - Executive (Automotive)

Growing smart city projects, rising population, rapid urbanization and favorable government policies to fuel Asia-Pacific bus market through 2022

According to TechSci Research report, “Asia-Pacific Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, the bus market in Asia-Pacific is projected to reach $ 30.81 billion by the end of 2022. As pollution levels across the region are one of the highest among the world, several governments are taking initiatives to curb their harmful effects on the environment, owing to which demand for buses is anticipated to grow in the region in the coming years. Moreover, growing population and urbanization and expanding manufacturing operations by leading companies would aid Asia-Pacific Bus Market through 2022. 

Browse 15 market data Tables and 66 Figures spread through 138 Pages and an in-depth TOC on "Asia-Pacific Bus Market"

https://www.techsciresearch.com/report/asia-pacific-bus-market/3411.html

 

With growing number of educational institutes in the region, demand for school buses is also increasing at a robust pace in the region. The segment is also anticipated to maintain its dominance in the region’s bus market during the forecast period. As China is the most populated country in the region, it is also the largest demand generator for buses in the region. On account of growing demand for public transportation in the country, China bus market would grow at a robust pace in the coming years.    

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“Growing presence of various companies such as Zhengzhou Yutong Bus Co., Ltd., Isuzu Motors Ltd. and Tata Motors Ltd. and their continued research and development efforts to manufacture technologically advanced buses is further anticipated to intensify the Asia-Pacific bus market during the next five years. Also, increasing consumer preferences towards an eco-friendly transportation system and rising population is expected to aid the growth of the region’s bus market through 2022”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Asia-Pacific Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022” has analyzed the potential of bus market across the region, and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by the industry.

 

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·         Global Bus Market By Application (Motor Coaches, Transit Buses & School Buses), By Length (6-8 m, 8-10 m, 10-12 m & Above 12 m), By Seating Capacity, By Fuel Type, By Body Type, By Region, Competition Forecast & Opportunities, 2012 – 2022: https://www.techsciresearch.com/report/global-bus-market/1435.html

 

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Created on Jul 30th 2019 06:32. Viewed 477 times.

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