One of the major factors propelling the production of midibuses is the upgradation of the transport infrastructure by the governments of various countries all around the world. Moreover, the rising global warming and environmental damage caused by the usage of conventional modes of transport have led to the enactment of stringent climate protection policies and agreements such as the Paris climate agreement, which is in turn making several countries, especially the ones in the European Union (EU), switch toward the adoption of energy efficient, sustainable and eco-friendly modes of transpiration such as the midibuses.
The rising urbanization and soaring population levels are the other major factors boosting the demand for midi buses across the globe. Due to these factors, the global midi bus market is expected to register tremendous growth during the forecast period (2020—2030). A midibus is basically a single decker minibus, which is usually smaller than a full size single decker minibus but larger than a conventional variant. The length of a midibus is usually in the range of 8–11 meters.
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Globally, Asia-Pacific (APAC) is predicted to register the highest growth in the adoption of midibuses during the forecast period, due to the increasing population and soaring government initiatives in India and China for promoting the adoption of electric buses. For instance, the Indian government launched the National Electric Mobility Mission Plan (NEMMP) 2020 in 2019 for propelling the sales of electric and hybrid automobiles in the country. The burgeoning sales of electric vehicles will propel the adoption of electric midibuses in the country, which will in turn boost the growth of the midibus market in the country in future.
Therefore, it can be said
without any hesitation that the sales of midibuses will shoot-up throughout the
world in the coming years, mainly on account of the increasing need for
environment-friendly modes of transportation and the improving transport
infrastructure in several countries.
This
market research report provides a comprehensive overview of the midibus market.
This study covers
- ·
Historical and the present size of the midibus market
- ·
Future potential of the market through
its forecast for the period 2020– 2030
- ·
Major factors driving the market and
their impact during the short, medium, and long terms
- ·
Market restraints and their impact
during the short, medium, and long terms
- ·
Recent trends and evolving opportunities
for the market participants
- ·
Historical and the present size of the
market segments and understand their comparative future potential
- ·
Potential of on-demand logistics
services, so the market players make informed decisions on the sales of their
offerings
- ·
Competitive scenario of various market
segments across key countries in several regions for uncovering market
opportunities for the stakeholders
- ·
Major players operating in the market
and their service offerings
- ·
Recent strategic developments by the
major players in the market
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