(USGovernment-News.Com, September 10, 2023 ) As per Maximize Market research, the Bus Market was USD 16.2 billion in 2022 and is expected to grow at a CAGR of 7.1 percent over the forecast period to reach USD 26.18 billion by 2029.
Bus Market Report Scope and Research Methodology
The report's scope covers market overview, segmentation, competitive analysis, and future outlook, and data sources. The Bus Market Report assesses market size, trends, and key players in the bus industry. Research methodology includes data collection through primary and secondary sources, data analysis, expert interviews, and market forecasting.
The investments in the bus infrastructure such as bus depots, terminals, and charging stations are increasing, which is driving the growth of the market. Compared to rail investment, the improvement of bus-based public transport has been considered a more cost-effective option.
Bus Market Regional Insights
Asia Pacific region dominated the market in the year 2022 as China is the largest market majorly driven by its large population. India is another country holding a major share of the Bus market.
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