World Buses Market Research Report: Bharat Book

Mar 20, 2015- Mumbai, India: Bharatbook.com announces a report, on “World Buses Market Research Report: Bharat Book” The expansion of rail transportation networks around the world is also expected to moderate bus market growth.

World demand to rise over 5% annually through 2018

Worldwide demand for buses is projected to rise more than five percent per annum to over 600,000 units in 2018, twice as fast as the 2008-2013 rate of increase. The number of buses in use worldwide is expected to exceed eight million units in 2018. Five major trends will fuel growth: • Expansion in the size of the global urban population. • Rising government investment in public transportation networks, particularly bus rapid transit systems, to reduce traffic congestion and improve air quality. • Growth in the number and size of private transportation companies. • Climbing worldwide sales of electric, hybrid, compressed natural gas (CNG), and liquefied natural gas (LNG) models, as many countries adopt more stringent emissions standards and environmental considerations grow in importance. • Growth in the use of Type C and other school bus models because of government efforts to expand access to education, safety concerns, and more favorable conditions in the large US market. However, global bus sales increases will be restrained by rising demand for and use of motorcycles and light motor vehicles for transportation as income levels climb in many developing nations. The expansion of rail transportation networks around the world is also expected to moderate bus market growth.

Asia/Pacific region to post largest gains in demand

The Asia/Pacific region is projected to account for more than three-fifths of all new bus demand through 2018. Growth is expected to pick up in both India and China, the region’s two largest bus markets, after declining moderately during the second part of the 2008-2013 periods. Japan, Taiwan, and South Korea are also expected to perform considerably better...