World Market for Buses is projected to climb 5.0 percent annually to 631,000 units in 2016. Product sales will expand at an even faster pace in dollar terms, rising 6.2 percent per year through 2016 to $61.5 billion due to increases in average bus prices

World demand to rise 5% annually through 2016
The world market for Buses is projected to climb 5.0 percent annually to 631,000 units in 2016. Product sales will expand at an even faster pace in dollar terms, rising 6.2 percent per year through 2016 to $61.5 billion due to increases in average bus prices. Demand will be spurred by efforts to reduce air pollution and traffic congestion in metropolitan areas as urban populations continue to grow, by volatile fuel costs making public transportation more attractive, and by the ongoing development of public transportation infrastructures, including bus rapid transit systems, in a number of developing countries. An upturn in bus spending in developed nations such as France, Japan, and the US will also contribute to overall sales advances, as tax revenues climb along with GDP and provide government agencies with the funds needed to both replace older vehicles and expand current fleets. In addition, higher disposable income levels will allow more tourists to travel via motor coach to vacation venues.
 

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