by Corinne Gangloff
May 15, 2017
Global demand for buses is projected to increase 4.9% per year through 2021 to 623,000 units, an improvement over 2011-2016 market performance. The number of buses in use worldwide is expected to reach 9.7 million units. These and other trends are presented in Global Bus Market, 6th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Conventional fuel buses (principally diesel, although many smaller buses use gasoline) dominate world demand, accounting for nearly three-fourths of the 2016 unit market total. However, sales of electric and hybrid buses will rise at the fastest pace of any product type through 2021, in a continuation of past trends, because of growing environmental concerns. These product types:
Worldwide demand for CNG/LNG buses is projected to climb at an impressive pace as well, bolstered by:
Global Bus Market, 6th Edition (published 05/2017, 330 pages) is available for $6500 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].
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