Global Bus Door System Market 2018-2022 | Increasing Implementation of BRT in Cities to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Jul 24, 2018-- analysts forecast the global bus door system market to grow at a CAGR of close to 5% during the forecast period, according to their latest market research report.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180724005747/en/
Technavio has published a new market research report on the global bus door system market from 2018-2022. (Graphic: Business Wire)
The emergence of all-electric buses is one of the major trends being witnessed in the . The global bus market is witnessing developments in terms of advanced designs, passenger carrying capacity, integration of advanced onboard systems, and other comfort and convenient functionalities. Additionally, many advances are taking place in the field of drivetrain and powertrain, wherein the buses are equipped with all-electric and hybrid powertrains.
According to Technavio analysts, one of the key factors contributing to the growth of the global bus door system market is the increasing implementation of BRT in cities:
Global bus door system market: Increasing implementation of BRT in cities
The global economy is on its way toward smarter and safer cities; the same can be witnessed due to growing infrastructure and improving socio-economic conditions. The respective government councils and institutions are undertaking initiatives that are acting as stepping stones for the development of smart cities. The future of smart cities is in step with the increased automation of systems and their improvements across different industries.
According to a senior market research analyst at Technavio, “Economic growth and rapid urbanization have led to robust growth in urban infrastructure as far as major Tier-1 cities are concerned. Such cities are witnessing the implementation of bus rapid transit system, which is revolutionizing public transportation. BRT is a form of a bus-based public transportation system that is designed to offer a fast, comfortable, reliable, and cost-effective mode of public transportation.”
Global bus door system market: Segmentation analysis
The global bus door system market research report provides market segmentation by technology (pneumatic bus door system and electric bus door system) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The pneumatic bus door system segment held the largest market share in 2017, accounting for nearly 72% of the market. This technology segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 81% of the market share. The market share occupied by this region is anticipated to increase during 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180724005747/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: TRANSPORT PUBLIC TRANSPORT AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 07/24/2018 12:07 PM/DISC: 07/24/2018 12:07 PM