Moreover, buses help individuals in social inclusion and avail benefits of education, employment, and healthcare facilities. This represents one of the key factors bolstering the growth of the market. To get more information about this market, Request Sample Bus Market Trends:ĭue to rising environmental concerns, there is an increase in the number of people opting for public transport. At present, there is a rise in the number of people travelling via bus on account of inflating fuel prices, increasing traffic congestion and roadway expansion costs, and changing consumer preferences. It is one of the widely used forms of public transport across the globe that reduces air pollution and requires less fuel to move passengers and minimal investments to launch new lines or routes. These insights are included in the report as a major market contributor.Ī bus is a large motor vehicle designed for facilitating the movement of people within a city or to remote locations along a fixed route and schedule. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. Looking forward, IMARC Group expects the market to reach a value of US$ 68.79 Billion by 2027, exhibiting a growth rate (CAGR) of 7.20% during 2022-2027. The global bus market reached a value of US$ 43.84 Billion in 2021.
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