Africa Bus Market to Surpass $ 2 Billion by 2022

Rapid urbanization and increasing demand for public transportation system coupled with government expansion plans to drive Africa bus market through 2022

According to TechSci Research report, “Africa Bus Market By Application, By Length, By Seating Capacity, By Fuel Type, By Body Type, By Country, Competition Forecast & Opportunities, 2012 – 2022”, the Africa bus market is projected to reach $ 2.08 billion by the end of 2022. Growth in the market is anticipated on account of increasing bus sales and rising demand from people for improved public transportation system. Additionally, expanding ventures by leading companies and rapid urbanization are expected to aid the Africa bus market during the forecast period. Some of the major players in the market are Toyota Motor Corporation, Daimler, Isuzu Motors Ltd., etc.

Browse 15 market data Tables and 66 Figures spread through 141 Pages and an in-depth TOC on “Africa Bus Market”

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School buses account for the largest share in the Africa bus market, followed by the transit bus segment, owing to huge demand for these types of buses in the region. As South Africa is one the most developed countries in Africa, it dominated the region’s bus market in 2016 and the same trend is anticipated to continue during the forecast period as well, backed by growing urbanization and expanding base of several bus companies in the country.

“Consistently growing bus sales, rising preference of people towards public transport and government initiatives are anticipated to provide lucrative opportunities to bus manufacturers and suppliers in Africa in the coming years. Moreover, increasing presence of various companies such as Daimler AG, Volvo, Tata Motors, Zhengzhou Yutong Bus Co., Ltd., etc., in the region is expected to augur well with the Africa bus market during the forecast period”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Africa 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 sizes, 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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