Bus Chassis Market

Bus Chassis Market to reach USD 2.09 Bn by 2029 at a CAGR of 3.4 % over 2023-2029 – says Maximize Market Research

Bus Chassis Market: Growing Population in Developing Countries to contribute to the Market Growth

According to research conducted by the United Nations Economic Commission for Europe, the smaller the remaining safety space for passengers, which is reduced when the bus overturns, the greater the likelihood of passengers being injured or crushed. As a result, governments and bus chassis manufacturers are investing in research and development to provide innovative and technologically advanced bus chassis designed to meet the safety and comfort needs of drivers and passengers.

Bus Chassis Market size was valued at USD 1.65 Billion in 2022 and is expected to grow at a CAGR of 3.4 percent from 2023 to 2029 to reach USD 2.09 Billion.

Bus Chassis Market Overview:

This Bus Chassis Market study's purpose is to give an overview of the Bus Chassis Market as well as extensive market segmentation based on connection type, end-use, and geography. The report includes vital information on the market positions of the major Bus Chassis companies, as well as notable industry trends and prospects.

Market Scope:

The research also focuses on the top industry players in the Global Bus Chassis market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information.

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Bus Chassis Market Segmentation: : 

Based on Type: The market is divided into Single Axle Bus Chassis and Multi Axle Bus Chassis. During the forecast period, the Multi Axle Bus Chassis segment is expected to hold the largest Bus Chassis Market share. The adoption of Multi Axle buses Chassis is increasing mainly because of the legal weight restrictions on each axle in different countries and to accommodate different bus designs such as articulation. Among multi-axle bus chassis, the twin axle bus chassis are high in demand due to the increasing urban population across the world leading to an increase in public transportation.

Based on Chassis Frame: The market is divided into Ladder Frame Bus Chassis and Tubular Frame Bus Chassis. The Ladder Frame Bus Chassis segment held the largest market share in 2022. This is attributed to its feature such as having a degree of torsional stiffness that bear the entire vehicle’s weight. The Tubular Frame Bus Chassis is very expensive and complicated to manufacture but having the advantage of high deformation stability with low weightage is expected to increase the demand for it.

by Type

1.Single Axle Bus Chassis
2.Multi Axle Bus Chassis
1.1.Twin-axle bus chassis
1.2.Tri-axle bus chassis
1.3.Quad-axle bus chassis

by Chassis Frame

1.Ladder Frame Bus Chassis
2.Tubular Space Bus Chassis

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Bus Chassis Market Key Players: 

1.Scania AB
2. AB Volvo
3. Volkswagen Group
4. Ruili Science and Technology Company Limited of Peking
5. Shiyan Yunlihong Industrial & Trade Co., Ltd.
6.Corbeil Bus Corporation
7.Guangxi Nanning Vision Mechanical & Electrical Co., Ltd.
8. Thomas Built Buses, Inc.
9. Wayne Corporation
10.IC BUS
11. HESS
12.IVECO
13. Yutong Australia
14. Blue Bird
15. Daimler Buses
16.MAN Truck & Bus

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Regional Analysis:

The study also offers a complete PESTLE analysis for each of the five regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and South America, after considering the political, economic, social, and technical elements impacting the Bus Chassis market in these regions.

COVID-19 Impact Analysis on Bus Chassis Market:

Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Bus Chassis market and will assist you in developing your business in accordance with the new industry standards.

Key Questions answered in the Bus Chassis Market Report are:

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