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Showing posts with the label Bus Market Share

Bus Market to Grow at a CAGR of 7.90% (2016-2024)

According to Goldstein Research, global bus market is expected to reach USD 60.62 billion by 2024, growing at a CAGR of 7.90% over the forecast period 2016-2024. The huge population mainly in the developing regions is being facilitated by growing investments in public transportation by the government in order to reduce the number of private vehicles on road and the pollution levels, is thus driving the global bus market. Global bus market segmentation has beend one on the basis of fuel type, body type, seating type and geography. Fully built body type buses accounted for largest market share of 56.2% in 2016, majorly used as transit buses, motor couches and school buses. Global bus market is largely dominated by Asia-Pacific region with 51.2% market share in 2016. The fast urbanization, rising population and traffic congestion is igniting the growth of public transportation in the APAC region. Browse Full Report: https://www.goldsteinresearch.com/report/global-bus-market-indu...