According to the latest study titled ‘Global Bus Fleet Market: Analysis By Type, By Region, By Country: Opportunities and Forecast (2012-2022) -- By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Germany, U.K., China, India, Saudi Arabia, UAE, Oman Qatar, Kuwait, Bahrain, Algeria, Morocco, Egypt , Brazil)’, available with Market Study Report, global bus fleet market is projected to expand with a CAGR of 7.38% through 2022.
 

Swift urbanization alongside collective cognizance for environment safety are propelling the growth of global bus fleet market. Escalating sales of electric vehicles on account of strict regulatory framework promoting energy efficient engines and pollution reduction are further augmenting the market outlook.
 

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Although, electric and CNG buses are gaining substantial traction, but safety concerns as well as environmental regulations are hindering the market growth. Focus among manufacturers towards developing electric hybrid buses and incorporating latest technologies will create lucrative growth opportunities for worldwide bus fleet market.
 

As per type, global bus fleet market is classified into school bus, inter city bus, and others. While regionally, North America (Canada, U.S.), Asia Pacific (China, India, Malaysia, Singapore), Europe (Germany, UK), and ROW (Brazil, Morocco, Egypt, Algeria, Bahrain, Kuwait, Qatar, Oman, UAE, Saudi Arabia) are the key contributors to market revenues.
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The report cites that Asia Pacific bus fleet market is reckoned to grow considerably over the forecast period, owing to surging automotive production in emerging nations like India and China, burgeoning demand for electric vehicles, and rapid industrialization.
 

Global bus fleet market report thorough analyzes the policy and regulatory framework of this industry space. It highlights the key trends while scrutinizing the drivers, challenges, and threats influencing the market growth. The study also unveils the competitive hierarchy and provides information about the business profile, product portfolio, and industry share held by each player.
 

Major contenders in global bus fleet market are VDL Bus & Coach BV, Zhengzhou Yutong Group Co. Ltd., King Long United Automotive Industry Co. Ltd., Daimler AG, MAN Group, Baoding Changan Bus Manufacturing Co. Ltd., Ashok Leyland, Tata Motors, Scania AB, and Volvo Group.