P&S Intelligence published a new research report, titled, “Midibus Market: Global Industry Analysis and Forecast till 2030,The global midibus market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with the increasing government spending on the upgradation of public transport vehicles.
A midibus is a single-decker minibus, which is generally larger than a traditional minibus, but smaller than a full-size single-decker variant. It can be anywhere between 8 meter and 11 meter long. In addition, these automobiles are witnessing a rising demand from public and private schools in the Asia-Pacific (APAC) region. The number of schools in developing countries, such as China, India, Thailand, and Indonesia, is rising, as is the student enrolment rate, driven by which the market is expected to witness strong growth during the forecast period.
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The global midibus market is concentrated, with the presence of few global and few regional players. Some of the major players operating in the market are Toyota Motor Corporation, BYD Auto Co. Ltd., Ashok Leyland Ltd., Groupe Renault, Daimler AG, China South Industries Group Corporation, Yangzhou Yaxing Motor Coach Co., Ltd., AB Volvo, Isuzu Motors Ltd., and Hino Motors Ltd.
The report also includes a country-wise market analysis. Some of the major countries covered in the report are the U.S., Canada, Germany, the U.K., France, Germany, the Netherlands, China, Japan, India, South Korea, Australia, Brazil, Mexico, and the U.A.E.