Global Bus Chassis Market, By Bus Type (Public Transit Bus Chassis, Private Transit Bus Chassis, Corporate Bus Chassis, School and College Bus Chassis, Special Purpose Bus Chassis), Bus Axle (Single Axle Bus Chassis, Multi Axle Bus Chassis), Chassis Frame (Ladder Frame Bus Chassis, Tubular Space Bus Chassis), Type of Propulsion (Diesel Engine, CNG, Electric), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bus Chassis Market
Bus chassis market will grow at a CAGR of 3.20% in the forecast period of 2021 to 2028. Rising concerns over pollution caused, particularly by automobiles, has forced governments in several nations to make few drastic dealings to maintain a regional or country level pollution check which acts as an essential factor driving the bus chassis market.
Chassis is a type of an integral part of the vehicle which is also known as support structure or frame of the vehicle. It consists of structural underframe, engine, radiator, wheels, HCV axles, suspension, gearbox, transmission, dashboard, steering wheel, and driver’s seat. It bears all the stresses on the vehicle in both dynamic and static condition. It plays a vital role in maintaining the drive comfort and durability of the structural components.
Rising demand for luxurious buses from private bus fleet owners and corporate offices is a crucial factor accelerating the market growth, also rising demand for durable, light weight and high strength bus chassis due to increasing sales of buses, significant increase in demand for electric buses, extensively increasing services sector in several countries, and rising trend of providing pick and drop facilities to the employees, rising lack of better inter-city public transportation facility in numerous countries is causing substantial increase in the private vehicle ownership, which in turn increases the demand for bus chassis and rising demand of automotive sector due to increase in population are the major factors among others boosting the bus chassis market. Moreover, rising technological advancements and modernization in the automotive sector and rising research and development activities will further create new opportunities for bus chassis market in the forecast period mentioned above.
However, rising investment by governments in maintaining an easy and proper public and rising traction of passengers towards other means of transport including air transport, waterways and railways are the major factors among others which will curtail the market growth, and will further challenge the bus chassis market in the forecast period mentioned above.
This bus chassis market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bus chassis market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bus Chassis Market Scope and Market Size
Bus chassis market is segmented on the basis of bus type, bus axle, chassis frame and type of propulsion. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of bus type, bus chassis market is segmented into public transit bus chassis, private transit bus chassis, corporate bus chassis, school and college bus chassis and special purpose bus chassis
- Based on bus axle, the bus chassis market is segmented into single axle bus chassis and multi axle bus chassis.
- Based on chassis frame, the bus chassis market is segmented into ladder frame bus chassis and tubular space bus chassis.
- The bus chassis market is also segmented on the basis of type of propulsion into diesel engine, CNG and electric.
Global Bus Chassis Market Scope Country Level Analysis
Bus chassis market is analysed and market size, volume information is provided by country, bus type, bus axle, chassis frame and type of propulsion as referenced above.
The countries covered in the bus chassis market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the bus chassis market due to rapid urbanization, increase in demand for basic services including housing, water, sanitation and transport and relatively higher demand for public and private transit buses in the region. North America and Europe are the expected region in terms of growth in bus chassis market due to rising demand for electric buses in this region.
The country section of the bus chassis market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bus Chassis Market Share Analysis
Bus chassis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bus chassis market.
The major players covered in bus chassis market report are Tata Motors., Daimler AG, Scania, Eicher Motors Limited, AB Volvo, ASHOK LEYLAND, MITHRA MOTORS PRIVATE LIMITED, Smlisuzu Ltd, ALF ENGINEERING Pvt Ltd, Popular Tata, Dongfeng Motor Company, Hinduja Groupa and Volkswagen AG, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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