Growing smart city projects, increasing number of public transport fleet and adoption of clean fuel buses to drive North America bus market through 2022
According to TechSci Research report, “North
America Bus Market By Application, By
Length, By Seating Capacity, By Fuel Type, By Body Type, By Country,
Competition Forecast & Opportunities, 2012 – 2022”, bus market in North America is forecast to
reach $ 7.76 billion by 2022, on account of launch of numerous smart city
projects in the region. Moreover, rapid urbanization, growing inclination of
consumers towards public transportation and launch of clean fuel and
technologically advanced buses by several leading companies are anticipated to
fuel North America bus market in the coming years. Research & development
efforts by numerous companies is also expected to back the region’s bus market
during forecast period.
Browse 7 market data Tables and 31 Figures spread through80 Pages and an in-depth TOC on“North America Bus Market”
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Increasing production and sales of buses coupled
with growing preference for CNG and hybrid and electric buses in the region
would propel demand for buses in North America through 2022. New Flyer
Industries, Nova Bus, Gillig Corporation, Isuzu Motors Ltd., DINA, Ford Motor
Corporation and MAN Truck & Bus are among the leading companies operating in
North America bus market. the United States, one of the most developed
countries in the world, is also the largest demand generating nation for buses
in North America.
“Widespread presence of well-established network of dealers and distributors, expanding sales of buses, growing purchasing power of people and expanding vehicle fleet size are among the prominent factors driving the North America bus market. Moreover, increasing sales volume of different segments in the bus market is anticipated to steer growth in the North America bus market over the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“North America 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 size, 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.