Bus Market Size, Trends, Demand, Industry Report and Forecast to 2027
IMARC Group’s latest research report, titled “ Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027 ,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global bus market reached a value of US$ 43.84 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 68.79 Billion by 2027, exhibiting a CAGR of 7.20% during 2022-2027. A bus is a large motor vehicle designed to ease the movement of individuals along a fixed route and schedule within a city or to remote locations. It is one of the most commonly used modes of public transportation across the world. It aids in reducing air pollution as it requires less fuel to move passengers and minimal investments to introduce new routes or lines. As a result, bus is gaining immense traction among travelers due to the increasing traffic congestion, ...