Global Bus Market

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Global Bus Market

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Goldstein Research analyst forecast the bus market size is set to reach USD 60.62 billion by 2024, at a CAGR of 7.90% over the forecast years. Some buses have 8 corridors covering 120km with daily passenger demand of 1 million. – PowerPoint PPT presentation

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Title: Global Bus Market


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Global Bus Market Analysis
Global Bus Market Outlook 2024 Opportunity
Growth Analysis, 2016-2024
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Growth Drivers
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  • Growth Drivers Of Bus Market
  • Seamless integration of multiple services that
    allow you to plan your trip, book and pay for it
    will be the key in the mobility transition. Once
    we have access to on-demand individual
    transportation, customers may be more likely to
    also use regular mass transit for parts of their
    travel needs, so another important parameter will
    be how seamlessly the new services will integrate
    existing public services into their offering.
  • Some automakers are focusing on acquiring
    ride-hailing or carsharing services, others are
    busy developing complementary services beyond
    just moving people (e.g. Volvos in-car
    delivery). Daimlers Moovel has been under the
    radar for us in Europe, but they seem to be busy
    focusing on services and platforms that integrate
    multiple services and providers, even if its not
    their own brand. Its surprising that only Toyota
    has partnered with Uber, I would guess that the
    biggest ride-hailing company would be the most
    sought after.

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Market Restraints
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Market Restraints Of Bus Market Lack of
Inefficient Public Transport System in Most of
Developing and Underdeveloped Regions The word
crisis can be used to describe problems in
urban public transport by bus in many developing
countries. The term seems to be appropriate for
cities of the developing world where mobility
impacts such as congestion, traffi c fatalities
and injuries, environmental pollution and noise
are severe when compared to cities in developed
countries.
The Urban And Rural Population of The World
2010-2030
Impact on Global Bus Market
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Impact Analysis- Bus is still at its nascent
stage, though some major brands have begun to
realize and leverage its potential as a mass
media platform. However, the public unawareness
of Bus is still one of the biggest challenges
faced by this technology. Global Bus
Market Attractiveness-By End Users,
2016-2024 Developing countries have several
factors in common that contribute to the severity
of their transport problems. Overall, population
growth and increasing urbanization have led to
rapid growth of large cities, which overwhelm
travel demand. Public sector fi nances, in
general, are so limited that funding for
transport improvements is inadequate. Moreover,
facilities for pedestrians and cyclists are
almost non-existent in most cities, thus forcing
them to share crowded
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  • Another issue with Bus Market is that the
    overall low per-capita incomes in developing
    countries are compounded by extreme income
    inequality.
  • In some developing countries, the wealthiest
    tenth of the population typically earns over half
    of the total national income. With the continuous
    increase of people living in urban areas, the
    world will face many problems to provide
    effective transport, mainly in the developing
    world.
  • Much growth added to the absence of policies on
    land use and economic development will likely led
    to urban sprawl, which disturbs public transport
    service and reduces accessibility to employment
    and urban facilities for the poor.

Global Bus Market BPS Analysis- By End Users,
2016-2024
Source Goldstein Research
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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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