Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The introduction of various favourable government policies to promote public transportation as a measure to enhance connectivity while reducing air pollution is propelling the market growth. For instance, the Indian government allocated Rs 18,000 crore to aid public transport in urban areas by facilitating the deployment of public private partnership (PPP) models for the operation and maintenance of nearly 20,000 buses in February 2021. Moreover, the leveraging of the latest technologies such as sensors to boost connectivity and mobility is positively impacting the market growth. The development of innovative buses that can provide data transparency, fuel-efficiency, and cost-effectiveness is expected to surge their demand, which is projected to provide further impetus to the industry growth.
AB Volvo (OTCMKTS: VLVLY), one of the leading companies in the market, launched a 4-metre-high double decker, Volvo 9700 DD, for operations in Europe in April 2021. The double decker extends the wide range of choice for buses in Europe by providing high quality, productivity, and efficiency. It is based on the same pattern as the company’s successful range of premium segment coaches, Volvo 9700, Volvo 9900, and Volvo 9700 DD, 4.25 m high. The bus can be tailored to meet the varying operational requirements and consumers demand by offering various layouts, lengths, and equipment alternatives. It also features advanced connectivity options to provide the operator with efficient real-time monitoring to enable optimal efficiency. Moreover, its 11-litre engine and I-Shift transmission provide excellent ride and handling as well as good fuel consumption. The development of such products is increasing the demand for buses, hence augmenting the industry growth.
Market Analysis by Type, Application, Fuel Type, Seat Capacity, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global bus market are Anhui Ankai Automobile Company, Daimler Truck Holding AG, NFI Group Inc., AB Volvo, and Solaris Bus & Coach sp. z o.o., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.