Buses Market Opportunities and Trends Report by 2028
Buses Industry Overview The global buses market size was valued at USD 13.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2022 to 2028. The market is significantly driven by the developments and investments in the transport area in the emerging countries including, India, China, Brazil, etc. Improving public transportation sector and expansion of road network across these countries is increasing the accessibility of the buses by passengers for intercity travel. Government initiatives are also creating favorable conditions fueling market growth. For instance, as published on 16th March 2021, China is planning to extend the total length of its national expressway by almost 50% by 2035. Furthermore, local tourism development is also likely to boost market growth. Gather more insights about the market drivers, restrains and growth of the Global Buses Market The global market was negatively impacted by the COVID-19 pandemic across the wo...