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Public Bus Services Market Analysis, Trends, Growth, Research And Forecast 2032
Public Bus Services Market
The Business Research Company's Public Bus Services Global Market Report 2023 identifies government initiatives for public transportation
as the major driver for the public bus services market's growth in the forecast period. Governments are promoting public transportation to reduce environmental impact and safer transportation. Both the government and the people benefit from the growing use of public transportation. A cheap and safe form of transportation helps consumers, and the government make money from it.
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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Major competitors in the public bus services market are BC Transit Corporation, Transport International Holdings Limited, The Brussels Intercommunal Transport Company, Transdev, The Berliner Verkehrsbetriebe, Chicago Transit Authority, MTR Bus, Transport for London, Eurobusways, and PostBus.
A key trend in the public bus services market includes technological advancement. 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).
Read More On The Global Public Bus Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/public-bus-services-global-market-report
The public bus services market is segmented -
• By Type: Light And Medium Type, Large Type
• By Body Built: Fully Built, Customizable
• By Fuel Type: Diesel, Electric And Hybrid, Other Fuel Types
• By Application: Urban Transport, Long Distance Transport, Specialist Services
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the public bus services market.
The Business Research Company's "Global Public Bus Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Public Bus Services Market Include:
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
……
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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