The global Midibus Market is growing at a significant rate. This market's expansion
can be due to growing population, rapid urbanization, and increased spending on
public transportation vehicle upgrades.
On the basis of the population, the electric bus segment is expected to grow at the
fastest rate during the forecast era, as buses powered by natural gas are used in almost
every country, causing pollution and environmental harm.
On the basis of end user, the intercity segment is expected to grow at the fastest rate
during the forecast period, owing to the excessive use of midibus for shorter
distances, especially in Asia-Pacific countries like China and India.
The main factors driving the growth of the global midibus market are increasing
government focus on transportation infrastructure upgrades, as well as a growing need
to conserve the environment and reduce pollution.
Lack of control centres and command, which results in high traffic congestion in
metropolitan areas, encourages people to use other forms of public transportation,
such as metro or subway, which is expected to stymie the global midibus market's
development in the near future.
Due to the demand for midibuses from public and private schools in this country,
Asia-Pacific is expected to grow at the fastest rate during the forecast period.
Yangzhou Yaxing Motor Coach Co., Toyota Motor Corporation, Daimler AG, China
South Industries Group Corporation, Ashok Leyland Ltd., and others are some of the
major players in the global midibus industry.
Source: VynZ Research
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