The Public Bus Services Global Market Report 2023, provides comprehensive information on the public bus services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global public bus services market size is expected to grow from $221.89 billion in 2022 to $242.57 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global public bus services market size is expected to reach $327.00 billion in 2027 at a CAGR of 7.8%.
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Technological advancements are a key trend gaining popularity in the public bus services market. Public bus services firms are focusing on adopting advanced technologies to increase the efficiency and applications of public bus services and gain a competitive advantage. For example, in August 2020, the Chandigarh government (India) launched an intelligent transport system for public buses. In the first phase, 100 buses were integrated with the smart system that will provide real-time information on bus movement and a primary control station will keep track of all buses through GPS (global positioning system).
The public bus services market is segmented:
1) By Type: Light And Medium Type, Large Type
2) By Body Built: Fully Built, Customizable
3) By Fuel Type: Diesel, Electric And Hybrid, Other Fuel Types
4) By Application: Urban Transport, Long Distance Transport, Specialist Services
Asia-Pacific was the largest region in the public bus services market in 2022.
The table of contents in TBRC’s public bus services market report includes:
1. Executive Summary
2. Public Bus Services Market Characteristics
3. Public Bus Services Market Trends And Strategies
4. Public Bus Services Market – Macro Economic Scenario
5. Public Bus Services Market Size And Growth
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26. Africa Public Bus Services Market
27. Public Bus Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Public Bus Services Market
29. Public Bus Services Market Future Outlook and Potential Analysis
30. Appendix
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