( MENAFN - GlobeNewsWire - Nasdaq) Major luxury buses market participants include Alexander Dennis Limited, Daimler AG, Irizar Group, MAN Truck & Bus, Marcopolo S.A., Scania AB, Temsa Global, Van Hool NV, Volvo Group, Yutong Group Selbyville, Delaware, Oct.
30, 2024 (GLOBE NEWSWIRE) -- The luxury buses market valuation is predicted to cross USD 115.8 Billion by 2032, reported in a research report by Global Market Insights Inc. The increasing disposable incomes and evolving consumer preferences for comfort and convenience are driving market growth.
With rising affluence, travelers are willing to invest in premium travel experiences, including high-end bus services that offer enhanced amenities such as spacious seating, advanced entertainment systems, and superior customer service. The World Travel & Tourism Council (WTTC) reported that global travel and tourism's contribution to GDP grew by 5.7% in 2023, signaling robust expansion in both tourism and business travel.
This is fueling the demand for luxury buses, as these vehicles provide a sophisticated alternative to traditional transportation options. Advancements in technology and innovations in bus design aid the expansion of the luxury buses market by attracting environmentally conscious and tech-savvy consumers. Request for a sample of this research report @ The luxury buses market from the electric segment will grow rapidly through 2032, due to growing environmental awareness and stricter emission regulations.
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