Growth Opportunities in the Southeast Asian Commercial Bus Market
Commercial buses are essential contributors to carrying large numbers of passengers and their belongings, operating within or between cities.
Countries with large populations and vast geographies (e.g., Indonesia, the Philippines, Vietnam, Thailand) have significant demand for commercial buses in metropolitan areas (e.g., Jakarta, Bangkok) or rural areas with weaker infrastructure.
Although Singapore has a smaller geographical landscape, due to the low rate of private vehicle ownership, public transport solutions, including buses, are the primary mode of transportation.
Frost & Sullivan presents the total size of the respective commercial bus markets for Southeast Asian countries (Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) and forecasts up to 2027. The report also describes the commercial bus market in 2021, including regional snapshots with key green targets, emission regulations, EV incentives, race to zero targets, powertrain breakdown, and sales performance of leading commercial bus OEMs.
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