Buses And Coaches Market By Product, By End User, By Ship Type, By Material, By Application, By Region And Forecast 2023-2032|Daimler, VDL Bus and Coach, Scania, Volvo, Marcopolo

The Buses And Coaches Global Market Report 2023 by The Business Research Company, provides buses and coaches market overview 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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According to The Business Research Company’s Buses And Coaches Global Market Report 2023, the market size will grow from $42.76 billion in 2022 to $45.99 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of the global buses and coaches is expected to grow to $60.17 billion in 2027 at a CAGR of 6.9%.

The increasing demand for travel by bus is expected to drive the growth of the bus and coach market over forecast period.

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The buses and coaches market is segmented:

1) By Type: Diesel Buses, Hybrid Buses, Electric Buses, Ethanol Buses

2) By Application: General, Personal, Recreational, Tourist, Other Applications

3) By Body Built: Fully Built, Customizable

The autonomous bus is a key trend gaining popularity in the bus and coach market. The number of autonomous bus pilots is growing, and many manufacturers have already confirmed the introduction of autonomous bus deliveries In September 2021, Volvo Buses announced testing autonomous driver support, a new concept involving a system that assists the driver when approaching and stopping at bus stops, requiring high precision and safety.

The buses and coaches market report table of contents includes: