Minibus Market Projected to Witness Vigorous Expansion by 2019 to 2029
This study underlines the key future prospects in the minibus market and finds that the market would exhibit growth at a value CAGR of ~4% in the forecast period. In a bid to recognize the growth prospects in the minibus market, the global minibus market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the minibus market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
The key players in the global minibus market report consist of
- MAN Truck & Bus
- Marcopolo S.A
- Toyota Motor Corporation
- Renault SA
Each market player encompassed in the minibus market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the minibus market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
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According to the research, an increasing center of attention on new developments and the demand for various types of commuter vehicles such as shared taxis are likely to fuel the growth of the minibus market by the end of 2029. Rise in vehicle sales and increasing level of consumer’s demand for hybrid and electric vehicles will continue to prove profitable for the global market for minibus in the coming future.