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The Saudi Arabian Bus Market was valued around USD 13.51 Billion in 2019 and is projected to grow at CAGR of 8.52% during the forecast period on account of growing inclination of the population towards public transportation.
Furthermore, as part of the Saudi Vision 2030, the country is planning to promote and enhance public transport in the country, which is anticipated to positively influence the market growth over the coming years.
The Saudi Arabian Bus Market can be segmented based on bus length, seating capacity, fuel type, application and region. In terms of seating capacity, the market can be segregated into 15-30, 30-40, 40-50 and above 50. Among these, 30-40 segment dominated the market as it is the preferred segment on account of easy boarding, even with a stroller or wheelchair. Additionally, it can easily store large volumes of luggage.
India Tipper Truck Market â Demand Analysis & Opportunity Outlook 2024 which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter s five force model.
Over the years, India as a nation has observed significant increase in the number of infrastructures, along with several number of major construction projects, which are in the ongoing developmental phase. Additionally, several road constructions projects such as Golden Quadrilateral and Pradhan Mantri Grameen Sadak Yojana, coupled with the irrigation, quarry, and the growing need for transporting high volumes of aggregates are some of the factors anticipated to drive the growth of the India tipper truck market . Additionally, significant demand for multi-axle trucks and the rising government expenditure on
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