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Key regions: United States, Europe, Malaysia, Germany, Thailand
The Buses market in Americas is experiencing steady growth, driven by several factors such as increasing urbanization, growing tourism industry, and government initiatives to improve public transportation infrastructure.
Customer preferences: Customers in the Americas are increasingly looking for buses that offer comfort, safety, and fuel efficiency. With the rising awareness of environmental issues, there is also a growing demand for electric and hybrid buses. In addition, customers are seeking buses with advanced technology features such as Wi-Fi connectivity and GPS navigation systems.
Trends in the market: One of the key trends in the Buses market in Americas is the shift towards electric and hybrid buses. With the aim of reducing carbon emissions and promoting sustainable transportation, many countries in the region are implementing policies and incentives to encourage the adoption of electric buses. This trend is expected to continue as governments and bus operators prioritize environmental sustainability. Another trend in the market is the increasing demand for mini and midi buses. These smaller buses are well-suited for urban transport and are gaining popularity in crowded cities where maneuverability and flexibility are important. Additionally, mini and midi buses are often more cost-effective than larger buses, making them an attractive option for budget-conscious customers.
Local special circumstances: Each country in the Americas has its own unique set of circumstances that influence the Buses market. For example, in the United States, the market is driven by a combination of factors including population growth, urbanization, and the need to replace aging bus fleets. In Brazil, the market is influenced by the country's large population and extensive public transportation network.
Underlying macroeconomic factors: The Buses market in Americas is also influenced by macroeconomic factors such as GDP growth, disposable income levels, and government spending on infrastructure development. A strong economy and increasing disposable income levels generally lead to higher demand for buses, as people have more purchasing power and are more likely to invest in transportation. Government spending on infrastructure development, including the construction of new roads and highways, also plays a significant role in the Buses market. As governments invest in improving transportation infrastructure, the demand for buses increases to meet the growing transportation needs of the population. In conclusion, the Buses market in Americas is experiencing steady growth driven by increasing urbanization, growing tourism industry, and government initiatives to improve public transportation infrastructure. Customer preferences are shifting towards comfort, safety, and fuel efficiency, as well as electric and hybrid buses. The market is also witnessing a trend towards mini and midi buses, particularly in crowded urban areas. Each country in the Americas has its own unique set of circumstances that influence the market, and macroeconomic factors such as GDP growth and government spending on infrastructure development also play a significant role.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bus tickets.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)