Bus Market

The global bus market is a large-scale industry undergoing a significant transformation towards smarter, more efficient mobility. The primary customers are public and private transport operators who are increasingly adopting electric and hybrid fleets to meet sustainability goals. Key growth drivers include the accelerating shift to electrification, supported by advancements in battery and charging technology, and rising passenger demand for enhanced comfort, safety, and digital services like real-time tracking.

CAGR

3.7%

Compound Annual Growth Rate

Current Value

$100.4B

Estimated 2026

Projected Value

$134.2B

By 2034

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