Bus Market- Global Size & Upcoming Industry Trends | IMR

The global Bus market was worth USD 99.3 Billion in 2022. It is expected to reach USD 153.55 Billion by 2030 with a CAGR of 5.6 % over the period from 2023 to 2030.

Bus is a vehicle that facilitates movement of people, goods or even information. City buses, double-deckers, minibuses and articulated buses are some of the many forms and sizes they can take; each is designed to carry a different number of passengers and payloads. To enhance the safety, performance and satisfaction of passengers, it is often integrated with advanced technologies such as global positioning system (GPS) navigation, hybrid or electric propulsion systems and passenger networking options. It reduces the time that people waste in traffic jams and the negative impacts on the environment.