Bus Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 109 Billion |
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Market Size (2030) | USD 212.7 Billion |
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Largest Share by Vehicle Body Type | Buses |
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CAGR (2024 - 2030) | 11.79 % |
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Largest Share by Region | Global |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Bus Market Analysis
The Bus Market size is estimated at 109 billion USD in 2024, and is expected to reach 212.7 billion USD by 2030, growing at a CAGR of 11.79% during the forecast period (2024-2030).
109 Billion
Market Size in 2024 (USD)
212.7 Billion
Market Size in 2030 (USD)
2.67 %
CAGR (2017-2023)
11.79 %
CAGR (2024-2030)
Largest Segment by Fuel Category
60.29 %
value share, Diesel, 2023
Diesel remains dominant due to its established refueling infrastructure, higher energy density, and cost-effectiveness for long-distance travel and heavy-duty operations.
Fastest-growing Segment by Fuel Category
30.35 %
Projected CAGR, FCEV, 2024-2030
FCEVs are the fastest-growing segment due to rapid advancements in hydrogen technology, increased investment in hydrogen infrastructure, and a push for zero-emission public transportation.
Largest Segment by Country
58.87 %
value share, China, 2023
China leads the global bus market due to its large urban population, significant investment in public transportation, and strong government policies promoting bus adoption.
Leading Market Player
3.28 %
market share, Zhengzhou Yutong Bus Co. Ltd., 2023
Yutong leads with innovative bus designs, large manufacturing capacity, and a focus on sustainable public transportation solutions, making it a global leader.
Second leading Market Player
3.22 %
market share, Daimler Truck Holding AG, 2023
Daimler is a major player with advanced bus technology, extensive product lineup, and a strong global presence, catering to diverse transportation needs.
Electric buses offer significantly lower total cost of ownership compared to diesel buses through reduced fuel and maintenance costs
- Fuel constitutes a major part of the operating cost of any vehicle. Using an electric bus for public transport reduces fuel costs, along with other upfront costs and the total cost of ownership. By 2030, the prices for electric buses are expected to decrease to the price level of diesel fuel buses. Electric buses help reduce 81-83% of the maintenance and operating costs compared to a diesel-engine bus.
- An electric bus costs USD 750,000 compared to USD 500,000 for a typical diesel transit vehicle. Despite their higher initial costs, electric buses are a cost-effective alternative. They offer lower operating costs due to lower maintenance and fuel expenditures, as well as greater cost predictability due to the relative stability of electricity prices compared to fossil fuel prices, resulting in significant savings over the course of their lifetime. With favorable legislation, electric buses are more financially feasible. Manufacturers of electric buses assert that these vehicles more than make up for their higher initial cost, with fuel savings of USD 4,00,000 and maintenance savings of about USD 1,25,000.
- Although the components of the global e-bus ecosystem are being implemented in accordance with established government regulations, the immediate challenge of setting up and managing e-bus charging stations in terms of planning, the scope of responsibilities, and operation must be addressed on a high-priority basis to expedite the development of the e-bus ecosystem across the world.
Global Bus Market Trends
The rising global demand and government support propel electric vehicle market growth
- Electric vehicles (EVs) have become indispensable in the automotive sector, driven by their potential to enhance energy efficiency and reduce greenhouse gas and pollution emissions. This surge is primarily attributed to growing environmental concerns and supportive government initiatives. Notably, global EV sales witnessed a robust 10.82% growth in 2022 compared to 2021. Projections indicate that annual sales of electric passenger cars will surpass 5 million by the end of 2025, accounting for approximately 15% of total vehicle sales.
- Leading manufacturers and organizations, like the London Metropolitan Police & Fire Service, have been actively pursuing their electric mobility strategies. For instance, they have set a target of a zero-emission fleet by 2025, with a goal of electrifying 40% of their vans by 2030 and achieving full electrification by 2040. Similar trends are expected globally, with the period from 2024 to 2030 witnessing a surge in demand and sales of electric vehicles.
- Asia-Pacific and Europe are poised to dominate electric vehicle production, driven by their advancements in battery technology and vehicle electrification. In a notable move, in May 2020, Kia Motors Europe unveiled its "Plan S," signaling a strategic shift toward electrification. This decision came on the heels of record-breaking sales of Kia's EVs in Europe. Kia has ambitious plans to introduce 11 EV models globally by 2025, spanning various segments like passenger vehicles, SUVs, and MPVs. The company aims to achieve annual global EV sales of 500,000 by 2026.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Africa's demographic evolution demonstrates consistent growth with a notable acceleration in recent years
- Several European countries face population declines, while others grow, indicating a need for targeted policy interventions
- North America's demographic story highlights steady growth and adaptability, with each nation contributing uniquely to the region's vibrant mosaic, underlining North America's continued global significance
- Despite a GDP per capita decline in 2022-2023, Africa shows potential for future economic stability through trade agreements and infrastructure development
- Europe's GDP per capita is on track for steady growth, reflecting resilience and strategic policies
- Despite challenges in 2020, by 2023, the US experienced growth, Mexico displayed a robust recovery, while Canada witnessed a dip
- South Africa's consumer vehicle population shows signs of stabilization
- European countries are experiencing growth in CVP, driven by government incentives for environmentally friendly vehicles
- North America exhibits diverse trends in consumer spending for vehicle purchases (CVP), and Canada experiences a slight decrease, while the US sees an increase, and Mexico shows significant growth
- South Africa, Kenya, and Morocco exhibit declining inflation rates, while Nigeria faces a sharp inflation increase
- The European region is poised for economic stability, with concerted efforts to manage inflation and foster a balanced economic landscape
- From 2017 to 2030, North America, particularly countries like the US and Canada, navigated inflationary spikes, especially post-pandemic in 2022, but projections suggest a trend toward economic stability and controlled inflation for the region by 2030
- Auto interest rates across Africa, Asia-Pacific, and North America showed significant regional diversity, influenced by a combination of economic policies, market dynamics, and global conditions
- The global MaaS market is growing significantly growth trajectory, indicating sustained expansion across all regions
- Battery pack prices in Africa continued to decline from USD 186 in 2022 to USD 176 in 2023, driven by technological advancements and increased market competition
- Declining battery prices and government initiatives drive demand for electric vehicles in Europe
- Declining prices of lithium-ion batteries drive the demand for electric vehicles in North America
- The global automotive industry will undergo a transformative phase, with a pronounced shift toward electrification from 2023 to 2025, followed by a period of refinement and consolidation in the subsequent years
- The auto industry's production landscape is witnessing a dramatic shift, with electric vehicle manufacturers like BYD Auto and Tesla seeing remarkable growth while traditional giants like GM adapt to changing market demands
- Countries like Australia, India, and Indonesia project a steady upward trajectory in GDP per capita, suggesting robust economic strategies and potential investment in the automotive sectors
- Saudi Arabia and the United Arab Emirates, both pivotal nations in the Middle East, demonstrated population growth from 2017 to 2023. While there were slight dips for both countries in between, the overarching upward trend indicates their significant roles and attractions in the region
- South America's demographic narrative, represented by Brazil and Colombia, showcases a story of consistent growth, with Brazil experiencing a pronounced surge
- Asia-Pacific displays a panorama of economic evolution: from the relentless pursuits of emerging economies to the recalibrations of established ones, painting a picture of resilience, adaptation, and ambition
- Projections for the coming years indicate a steady growth trajectory for both the UAE's diversified sectors and its role as a regional business hub. This growth can be attributed to the country's focus on diversification efforts and strategic partnerships
- During 2017-2030, Brazil and Colombia displayed contrasting economic paths. While both faced downturns around 2020, Brazil's GDP per capita showed recovery by 2023, whereas Colombia witnessed a slight decline
- The Asia-Pacific's diverse consumer spending trends on vehicle purchases not only reflect the region's evolving economic conditions but also highlight the shifting consumer preferences and vehicular market dynamics across countries
- In the short term (2022-2023), Saudi Arabia maintained stable consumer spending for vehicle purchases, while the UAE experienced a slight decline, suggesting differing market dynamics
- Brazil and Colombia are expected to see an increase in consumer spending for vehicle purchases (CVP), indicating a recovering automotive market and growing consumer confidence
- Asia-Pacific’s varied inflation rates reflect the diverse economic challenges and responses of each nation, from battling pandemic-induced fluctuations to aiming for future stability through strategic economic policies
- From 2017 to 2030, the Middle East is expected to display varied inflationary patterns, with countries like Iran facing significant challenges, while others like Saudi Arabia and the UAE will show stability
- Projections indicate a trend toward economic stabilization and controlled inflation in the region, highlighting a concerted push to restore equilibrium and foster growth
- The global MaaS market is growing significantly growth trajectory, indicating sustained expansion across all regions
- Global efforts to expand and enhance EV infrastructure are signaling a collective push toward electrification
- The demand for EVs in the Asia-Pacific region is fueled by falling battery prices
- The Middle East's battery market: A continuous descent in prices and promising energy trends
- South America’s surging demand for electric vehicle batteries: falling costs and strategic alliances
- For over a year, Russia's invasion of Ukraine disrupted global crude oil and petroleum product markets
Bus Industry Overview
The Bus Market is fragmented, with the top five companies occupying 12.60%. The major players in this market are Ashok Leyland Limited, Daimler Truck Holding AG, King Long United Automotive Industry Co. Ltd., Tata Motors Limited and Zhengzhou Yutong Bus Co. Ltd. (sorted alphabetically).
Bus Market Leaders
Ashok Leyland Limited
Daimler Truck Holding AG
King Long United Automotive Industry Co. Ltd.
Tata Motors Limited
Zhengzhou Yutong Bus Co. Ltd.
Other important companies include Anhui Ankai Automobile Co. Ltd., Byd Auto Industry Company Limited, NFI Group Inc., Proterra INC., Volvo Group, Zhongtong Bus Holding Co. Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Bus Market News
- September 2023: Volvo Energy signed a letter of intent with Connected Energy with the ambition to jointly develop a battery energy storage system (BESS).
- September 2023: Yutong announced that it held a shipping ceremony for 87 apron buses exported from China to Saudi Arabia in the Yutong New Energy Plant. It is the largest batch of apron buses exported from China.
- September 2023: Daimler Trucks & Buses US, PACCAR, and Accelera by Cummins, the zero-emissions business unit of Cummins Inc., announced they are partnering to localize battery cell production in the U.S.
Free with this Report
For the Vehicle Hub report, we provide an extensive collection of over 150 free charts, delivering detailed insights on regional and country-level dynamics within the vehicle industry. This encompasses in-depth analyses of vehicle registrations, usage patterns in both consumer and business segments, and evaluations of various vehicle configurations and body types. The report delves into critical industrial trends such as shifts in vehicle production and distribution centers, changes in vehicle ownership costs, and advancements in automotive technologies. Further, our report offers comprehensive market segmentation by vehicle type, body type, propulsion, and fuel categories, providing a nuanced understanding of the market landscape. It also explores the adoption rate of new technologies, the impact of regulatory changes, and the influence of economic factors on the vehicle market. We include a thorough examination of key industry players, regulatory frameworks, and market size in terms of both revenue and unit sales, leading to strategic projections and forecasts that account for emerging trends and potential shifts in the industry.
Bus Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Population
- 4.1.1 Africa
- 4.1.2 Asia-Pacific
- 4.1.3 Europe
- 4.1.4 Middle East
- 4.1.5 North America
- 4.1.6 South America
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4.2 GDP Per Capita
- 4.2.1 Africa
- 4.2.2 Asia-Pacific
- 4.2.3 Europe
- 4.2.4 Middle East
- 4.2.5 North America
- 4.2.6 South America
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4.3 Consumer Spending For Vehicle Purchase (cvp)
- 4.3.1 Africa
- 4.3.2 Asia-Pacific
- 4.3.3 Europe
- 4.3.4 Middle East
- 4.3.5 North America
- 4.3.6 South America
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4.4 Inflation
- 4.4.1 Africa
- 4.4.2 Asia-Pacific
- 4.4.3 Europe
- 4.4.4 Middle East
- 4.4.5 North America
- 4.4.6 South America
- 4.5 Interest Rate For Auto Loans
- 4.6 Shared Rides
- 4.7 Shared Rides
- 4.8 Impact Of Electrification
- 4.9 EV Charging Station
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4.10 Battery Pack Price
- 4.10.1 Africa
- 4.10.2 Asia-Pacific
- 4.10.3 Europe
- 4.10.4 Middle East
- 4.10.5 North America
- 4.10.6 South America
- 4.11 New Xev Models Announced
- 4.12 Fuel Price
- 4.13 Oem-wise Production Statistics
- 4.14 Regulatory Framework
- 4.15 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Propulsion Type
- 5.1.1 Hybrid and Electric Vehicles
- 5.1.1.1 By Fuel Category
- 5.1.1.1.1 BEV
- 5.1.1.1.2 FCEV
- 5.1.1.1.3 HEV
- 5.1.1.1.4 PHEV
- 5.1.2 ICE
- 5.1.2.1 By Fuel Category
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5.2 Region
- 5.2.1 Africa
- 5.2.2 Asia-Pacific
- 5.2.2.1 India
- 5.2.2.2 Japan
- 5.2.3 Europe
- 5.2.3.1 Czech Republic
- 5.2.4 Middle East
- 5.2.5 North America
- 5.2.5.1 Canada
- 5.2.5.2 Mexico
- 5.2.5.3 US
- 5.2.6 South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Anhui Ankai Automobile Co. Ltd.
- 6.4.2 Ashok Leyland Limited
- 6.4.3 Byd Auto Industry Company Limited
- 6.4.4 Daimler Truck Holding AG
- 6.4.5 King Long United Automotive Industry Co. Ltd.
- 6.4.6 NFI Group Inc.
- 6.4.7 Proterra INC.
- 6.4.8 Tata Motors Limited
- 6.4.9 Volvo Group
- 6.4.10 Zhengzhou Yutong Bus Co. Ltd.
- 6.4.11 Zhongtong Bus Holding Co. Ltd.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 2:
- GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 3:
- GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 4:
- GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 5:
- GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 6:
- GLOBAL BUS MARKET, POPULATION YOY GROWTH RATE, UNITS, 2017 - 2030
- Figure 7:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 8:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 9:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 10:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 11:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 12:
- SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 13:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 14:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 15:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 16:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 17:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 18:
- SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 19:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 20:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 21:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 22:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 23:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 24:
- GLOBAL BUS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENTAGE, 2017 - 2022
- Figure 25:
- GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 26:
- GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
- Figure 27:
- AFRICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 28:
- ASIA-PACIFIC MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 29:
- EUROPE MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 30:
- MIDDLE EAST MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 31:
- NORTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 32:
- SOUTH AMERICA MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2030
- Figure 33:
- GLOBAL BUS MARKET, NEW XEV MODELS ANNOUNCED, VOLUME, YOY GROWTH RATE, UNITS, 2023 - 2027
- Figure 34:
- GLOBAL MARKET, UNDEFINED YOY GROWTH RATE, 2017 - 2022
- Figure 35:
- GLOBAL BUS MARKET, VOLUME IN UNITS, 2017 - 2030
- Figure 36:
- GLOBAL BUS MARKET, VALUE IN USD, 2017 - 2030
- Figure 37:
- GLOBAL BUS MARKET, BY PROPULSION TYPE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 38:
- GLOBAL BUS MARKET, BY PROPULSION TYPE, BY VALUE IN USD, 2017 - 2030
- Figure 39:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 40:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 41:
- GLOBAL BUS MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 42:
- GLOBAL BUS MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
- Figure 43:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 44:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 45:
- GLOBAL BUS MARKET, BY BEV, BY VOLUME IN UNITS, 2017 - 2030
- Figure 46:
- GLOBAL BUS MARKET, BY BEV, BY VALUE IN USD, 2017 - 2030
- Figure 47:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 48:
- GLOBAL BUS MARKET, BY FCEV, BY VOLUME IN UNITS, 2017 - 2030
- Figure 49:
- GLOBAL BUS MARKET, BY FCEV, BY VALUE IN USD, 2017 - 2030
- Figure 50:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 51:
- GLOBAL BUS MARKET, BY HEV, BY VOLUME IN UNITS, 2017 - 2030
- Figure 52:
- GLOBAL BUS MARKET, BY HEV, BY VALUE IN USD, 2017 - 2030
- Figure 53:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 54:
- GLOBAL BUS MARKET, BY PHEV, BY VOLUME IN UNITS, 2017 - 2030
- Figure 55:
- GLOBAL BUS MARKET, BY PHEV, BY VALUE IN USD, 2017 - 2030
- Figure 56:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 57:
- GLOBAL BUS MARKET, BY FUEL CATEGORY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 58:
- GLOBAL BUS MARKET, BY FUEL CATEGORY, BY VALUE IN USD, 2017 - 2030
- Figure 59:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 60:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 61:
- GLOBAL BUS MARKET, BY CNG, BY VOLUME IN UNITS, 2017 - 2030
- Figure 62:
- GLOBAL BUS MARKET, BY CNG, BY VALUE IN USD, 2017 - 2030
- Figure 63:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 64:
- GLOBAL BUS MARKET, BY DIESEL, BY VOLUME IN UNITS, 2017 - 2030
- Figure 65:
- GLOBAL BUS MARKET, BY DIESEL, BY VALUE IN USD, 2017 - 2030
- Figure 66:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 67:
- GLOBAL BUS MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 68:
- GLOBAL BUS MARKET, BY GASOLINE, BY VALUE IN USD, 2017 - 2030
- Figure 69:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 70:
- GLOBAL BUS MARKET, BY LPG, BY VOLUME IN UNITS, 2017 - 2030
- Figure 71:
- GLOBAL BUS MARKET, BY LPG, BY VALUE IN USD, 2017 - 2030
- Figure 72:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY FUEL CATEGORY, 2017 - 2030
- Figure 73:
- GLOBAL BUS MARKET, BY REGION, BY VOLUME IN UNITS, 2017 - 2030
- Figure 74:
- GLOBAL BUS MARKET, BY REGION, BY VALUE IN USD, 2017 - 2030
- Figure 75:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
- Figure 76:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY REGION, 2017 - 2030
- Figure 77:
- GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 78:
- GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 79:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 80:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 81:
- GLOBAL BUS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 82:
- GLOBAL BUS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2017 - 2030
- Figure 83:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 84:
- GLOBAL BUS MARKET, BY REST-OF-AFRICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 85:
- GLOBAL BUS MARKET, BY REST-OF-AFRICA, BY VALUE IN USD, 2017 - 2030
- Figure 86:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 87:
- GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 88:
- GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 89:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 90:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 91:
- GLOBAL BUS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 92:
- GLOBAL BUS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2017 - 2030
- Figure 93:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 94:
- GLOBAL BUS MARKET, BY CHINA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 95:
- GLOBAL BUS MARKET, BY CHINA, BY VALUE IN USD, 2017 - 2030
- Figure 96:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 97:
- GLOBAL BUS MARKET, BY INDIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 98:
- GLOBAL BUS MARKET, BY INDIA, BY VALUE IN USD, 2017 - 2030
- Figure 99:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 100:
- GLOBAL BUS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 101:
- GLOBAL BUS MARKET, BY INDONESIA, BY VALUE IN USD, 2017 - 2030
- Figure 102:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 103:
- GLOBAL BUS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 104:
- GLOBAL BUS MARKET, BY JAPAN, BY VALUE IN USD, 2017 - 2030
- Figure 105:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 106:
- GLOBAL BUS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 107:
- GLOBAL BUS MARKET, BY MALAYSIA, BY VALUE IN USD, 2017 - 2030
- Figure 108:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 109:
- GLOBAL BUS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 110:
- GLOBAL BUS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2017 - 2030
- Figure 111:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 112:
- GLOBAL BUS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2017 - 2030
- Figure 113:
- GLOBAL BUS MARKET, BY THAILAND, BY VALUE IN USD, 2017 - 2030
- Figure 114:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 115:
- GLOBAL BUS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2017 - 2030
- Figure 116:
- GLOBAL BUS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2017 - 2030
- Figure 117:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 118:
- GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 119:
- GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 120:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 121:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 122:
- GLOBAL BUS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 123:
- GLOBAL BUS MARKET, BY AUSTRIA, BY VALUE IN USD, 2017 - 2030
- Figure 124:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 125:
- GLOBAL BUS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2017 - 2030
- Figure 126:
- GLOBAL BUS MARKET, BY BELGIUM, BY VALUE IN USD, 2017 - 2030
- Figure 127:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 128:
- GLOBAL BUS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2017 - 2030
- Figure 129:
- GLOBAL BUS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2017 - 2030
- Figure 130:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 131:
- GLOBAL BUS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2017 - 2030
- Figure 132:
- GLOBAL BUS MARKET, BY DENMARK, BY VALUE IN USD, 2017 - 2030
- Figure 133:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 134:
- GLOBAL BUS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 135:
- GLOBAL BUS MARKET, BY ESTONIA, BY VALUE IN USD, 2017 - 2030
- Figure 136:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 137:
- GLOBAL BUS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 138:
- GLOBAL BUS MARKET, BY FRANCE, BY VALUE IN USD, 2017 - 2030
- Figure 139:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 140:
- GLOBAL BUS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 141:
- GLOBAL BUS MARKET, BY GERMANY, BY VALUE IN USD, 2017 - 2030
- Figure 142:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 143:
- GLOBAL BUS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2017 - 2030
- Figure 144:
- GLOBAL BUS MARKET, BY IRELAND, BY VALUE IN USD, 2017 - 2030
- Figure 145:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 146:
- GLOBAL BUS MARKET, BY ITALY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 147:
- GLOBAL BUS MARKET, BY ITALY, BY VALUE IN USD, 2017 - 2030
- Figure 148:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 149:
- GLOBAL BUS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 150:
- GLOBAL BUS MARKET, BY LATVIA, BY VALUE IN USD, 2017 - 2030
- Figure 151:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 152:
- GLOBAL BUS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 153:
- GLOBAL BUS MARKET, BY LITHUANIA, BY VALUE IN USD, 2017 - 2030
- Figure 154:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 155:
- GLOBAL BUS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 156:
- GLOBAL BUS MARKET, BY NORWAY, BY VALUE IN USD, 2017 - 2030
- Figure 157:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 158:
- GLOBAL BUS MARKET, BY POLAND, BY VOLUME IN UNITS, 2017 - 2030
- Figure 159:
- GLOBAL BUS MARKET, BY POLAND, BY VALUE IN USD, 2017 - 2030
- Figure 160:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 161:
- GLOBAL BUS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 162:
- GLOBAL BUS MARKET, BY RUSSIA, BY VALUE IN USD, 2017 - 2030
- Figure 163:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 164:
- GLOBAL BUS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 165:
- GLOBAL BUS MARKET, BY SPAIN, BY VALUE IN USD, 2017 - 2030
- Figure 166:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 167:
- GLOBAL BUS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2017 - 2030
- Figure 168:
- GLOBAL BUS MARKET, BY SWEDEN, BY VALUE IN USD, 2017 - 2030
- Figure 169:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 170:
- GLOBAL BUS MARKET, BY UK, BY VOLUME IN UNITS, 2017 - 2030
- Figure 171:
- GLOBAL BUS MARKET, BY UK, BY VALUE IN USD, 2017 - 2030
- Figure 172:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 173:
- GLOBAL BUS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 174:
- GLOBAL BUS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2017 - 2030
- Figure 175:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 176:
- GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 177:
- GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 178:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 179:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 180:
- GLOBAL BUS MARKET, BY SAUDI ARABIA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 181:
- GLOBAL BUS MARKET, BY SAUDI ARABIA, BY VALUE IN USD, 2017 - 2030
- Figure 182:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 183:
- GLOBAL BUS MARKET, BY UAE, BY VOLUME IN UNITS, 2017 - 2030
- Figure 184:
- GLOBAL BUS MARKET, BY UAE, BY VALUE IN USD, 2017 - 2030
- Figure 185:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 186:
- GLOBAL BUS MARKET, BY REST-OF-MIDDLE EAST, BY VOLUME IN UNITS, 2017 - 2030
- Figure 187:
- GLOBAL BUS MARKET, BY REST-OF-MIDDLE EAST, BY VALUE IN USD, 2017 - 2030
- Figure 188:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 189:
- GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 190:
- GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 191:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 192:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 193:
- GLOBAL BUS MARKET, BY CANADA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 194:
- GLOBAL BUS MARKET, BY CANADA, BY VALUE IN USD, 2017 - 2030
- Figure 195:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 196:
- GLOBAL BUS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2017 - 2030
- Figure 197:
- GLOBAL BUS MARKET, BY MEXICO, BY VALUE IN USD, 2017 - 2030
- Figure 198:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 199:
- GLOBAL BUS MARKET, BY US, BY VOLUME IN UNITS, 2017 - 2030
- Figure 200:
- GLOBAL BUS MARKET, BY US, BY VALUE IN USD, 2017 - 2030
- Figure 201:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 202:
- GLOBAL BUS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2017 - 2030
- Figure 203:
- GLOBAL BUS MARKET, BY COUNTRY, BY VALUE IN USD, 2017 - 2030
- Figure 204:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 205:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY COUNTRY, 2017 - 2030
- Figure 206:
- GLOBAL BUS MARKET, BY ARGENTINA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 207:
- GLOBAL BUS MARKET, BY ARGENTINA, BY VALUE IN USD, 2017 - 2030
- Figure 208:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 209:
- GLOBAL BUS MARKET, BY BRAZIL, BY VOLUME IN UNITS, 2017 - 2030
- Figure 210:
- GLOBAL BUS MARKET, BY BRAZIL, BY VALUE IN USD, 2017 - 2030
- Figure 211:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 212:
- GLOBAL BUS MARKET, BY REST-OF-SOUTH AMERICA, BY VOLUME IN UNITS, 2017 - 2030
- Figure 213:
- GLOBAL BUS MARKET, BY REST-OF-SOUTH AMERICA, BY VALUE IN USD, 2017 - 2030
- Figure 214:
- GLOBAL BUS MARKET MARKET, SHARE(%), BY PROPULSION TYPE, 2017 - 2030
- Figure 215:
- GLOBAL BUS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017 - 2030
- Figure 216:
- GLOBAL BUS MARKET, MOST ADOPTED STRATEGIES, 2017 - 2030
- Figure 217:
- GLOBAL BUS MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Bus Industry Segmentation
Hybrid and Electric Vehicles, ICE are covered as segments by Propulsion Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
| Propulsion Type | Hybrid and Electric Vehicles | By Fuel Category | BEV |
| FCEV | |||
| HEV | |||
| PHEV | |||
| Propulsion Type | ICE | By Fuel Category | |
| Region | Africa | ||
| Asia-Pacific | India | ||
| Japan | |||
| Europe | Czech Republic | ||
| Middle East | |||
| North America | Canada | ||
| Mexico | |||
| US | |||
| South America |
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Market Definition
- Vehicle Type - The category includes Medium and Heavy Duty Buses.
- Vehicle Body Type - This include Bus category.
- Fuel Category - The category includes various fuel types such as Gasoline, Diesel, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas), HEV (Hybrid Electric Vehicles), PHEV (Plug-in Hybrid Electric Vehicles), BEV (Battery Electric Vehicles), and FCEV (Fuel Cell Electric Vehicles)
| Keyword | Definition |
|---|---|
| Electric Vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| BEV | A BEV relies completely on a battery and a motor for propulsion. The battery in the vehicle must be charged by plugging it into an outlet or public charging station. BEVs do not have an ICE and hence are pollution-free. They have a low cost of operation and reduced engine noise as compared to conventional fuel engines. However, they have a shorter range and higher prices than their equivalent gasoline models. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. |
| Plug-in Hybrid EV | A vehicle that can be powered either by an ICE or an electric motor. In contrast to normal hybrid EVs, they can be charged externally. |
| Internal combustion engine | An engine in which the burning of fuels occurs in a confined space called a combustion chamber. Usually run with gasoline/petrol or diesel. |
| Hybrid EV | A vehicle powered by an ICE in combination with one or more electric motors that use energy stored in batteries. These are continually recharged with power from the ICE and regenerative braking. |
| Commercial Vehicles | Commercial vehicles are motorized road vehicles designed for transporting people or goods. The category includes light commercial vehicles (LCVs) and medium and heavy-duty vehicles (M&HCV). |
| Passenger Vehicles | Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat. |
| Light Commercial Vehicles | Commercial vehicles that weigh less than 6,000 lb (Class 1) and in the range of 6,001–10,000 lb (Class 2) are covered under this category. |
| M&HDT | Commercial vehicles that weigh in the range of 10,001–14,000 lb (Class 3), 14,001–16,000 lb (Class 4), 16,001–19,500 lb (Class 5), 19,501–26,000 lb (Class 6), 26,001–33,000 lb (Class 7) and above 33,001 lb (Class 8) are covered under this category. |
| Bus | A mode of transportation that typically refers to a large vehicle designed to carry passengers over long distances. This includes transit bus, school bus, shuttle bus, and trolleybuses. |
| Diesel | It includes vehicles that use diesel as their primary fuel. A diesel engine vehicle have a compression-ignited injection system rather than the spark-ignited system used by most gasoline vehicles. In such vehicles, fuel is injected into the combustion chamber and ignited by the high temperature achieved when gas is greatly compressed. |
| Gasoline | It includes vehicles that use gas/petrol as their primary fuel. A gasoline car typically uses a spark-ignited internal combustion engine. In such vehicles, fuel is injected into either the intake manifold or the combustion chamber, where it is combined with air, and the air/fuel mixture is ignited by the spark from a spark plug. |
| LPG | It includes vehicles that use LPG as their primary fuel. Both dedicated and bi-fuel LPG vehicles are considered under the scope of the study. |
| CNG | It includes vehicles that use CNG as their primary fuel. These are vehicles that operate like gasoline-powered vehicles with spark-ignited internal combustion engines. |
| HEV | All the electric vehicles that use batteries and an internal combustion engine (ICE) as their primary source for propulsion are considered under this category. HEVs generally use a diesel-electric powertrain and are also known as hybrid diesel-electric vehicles. An HEV converts the vehicle momentum (kinetic energy) into electricity that recharges the battery when the vehicle slows down or stops. The battery of HEV cannot be charged using plug-in devices. |
| PHEV | PHEVs are powered by a battery as well as an ICE. The battery can be charged through either regenerative breaking using the ICE or by plugging into some external charging source. PHEVs have a better range than BEVs but are comparatively less eco-friendly. |
| Hatchback | These are compact-sized cars with a hatch-type door provided at the rear end. |
| Sedan | These are usually two- or four-door passenger cars, with a separate area provided at the rear end for luggage. |
| SUV | Popularly known as SUVs, these cars come with four-wheel drive, and usually have high ground clearance. These cars can also be used as off-road vehicles. |
| MPV | These are multi-purpose vehicles (also called minivans) designed to carry a larger number of passengers. They carry between five and seven people and have room for luggage too. They are usually taller than the average family saloon car, to provide greater headroom and ease of access, and they are usually front-wheel drive. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the sales volume with their respective average selling price (ASP). While estimating ASP factors like average inflation, market demand shift, manufacturing cost, technological advancement, and varying consumer preference, among others have been taken into account.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
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