Major Players In The Buses And Coaches Market Are Focusing On Manufacturing Electric Busses And Zero Emission Coaches To Reduce Pollution - By The Business Research Company
LONDON, June 13, 2023 /PRNewswire/ -- As per The Business Research Company's Buses And Coaches Global Market Report 2023, the global buses and coaches market size will grow from $42.7 billion in 2022 to $45.9 billion in 2023 at a compound annual growth rate (CAGR) of more than 7%. The global buses and coaches market size is then expected to grow to $60.1 billion in 2027 at a CAGR of more than 6%.
- Eco-friendly public transportation can play a significant role in controlling carbon emissions, according to the buses and coaches market overview .
- Due to rising focus on cutting carbon emission, electric buses are gaining popularity in the buses and coaches market.
- Major manufacturers in the buses and coaches market are increasingly focusing on offering electric buses to cut costs, reduce environmental impact and increase profitability.
- As per the buses and coaches market analysis, Asia-Pacific was the largest region in the buses and coaches market and was worth $18.7 billion in 2022.