Israel Bus Transportation Market Outlook
According to the report by Expert Market Research (EMR), the Israel bus transportation market size is projected to grow at a CAGR of 3.8% between 2023 and 2028. Aided by the growing demand for efficient public transportation and ongoing infrastructural developments, the market is expected to grow significantly by 2028.
Bus transportation in Israel is a primary mode of public transport, with an extensive network covering urban, suburban, and rural areas. It is central to Israel’s mobility landscape, providing a cost-effective, sustainable, and convenient means of transport for the country’s populace. The sector is dominated by state-owned companies and some private operators, offering a range of services, including intercity, intra-city, and regional bus services.
A significant driver of Israel bus transportation market growth is the increasing emphasis on public transportation as a sustainable solution for urban mobility. With growing concerns about traffic congestion, pollution, and the need for effective urban planning, there has been a surge in demand for efficient bus transportation services in Israel’s major cities. The government is actively promoting public transportation by investing in bus infrastructure, expanding services, and improving network efficiency.
Moreover, the advent of electric and hybrid buses is propelling the Israel bus transportation market development. The Israeli government’s commitment to reducing greenhouse gas emissions and enhancing sustainability has led to the introduction of low-emission buses in several regions. This transition to greener buses not only reduces the environmental impact of public transport but also enhances the quality of services by offering quieter and smoother rides.
In addition, digitalisation is another key factor boosting the Israel bus transportation market expansion. The user experience is improved by the employment of digital technologies like GPS tracking, mobile ticketing, and real-time passenger information systems since they offer convenience, dependability, and efficiency. These technological developments are encouraging more commuting customers to use bus services, which is boosting the market’s expansion.
The ongoing development of transport infrastructure, coupled with government initiatives to promote public transportation, is expected to stimulate the Israel bus transportation market growth. Additionally, the introduction of smart bus stops and the deployment of autonomous buses could revolutionise the bus transportation market in Israel.
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Israel Bus Transportation Market Segmentation
The market can be divided based on bus size, type, fuel type, application, and end use.
Market Breakup by Bus Size
Minibuses
Mid Buses
Large Buses
Market Breakup by Type
Single Deck
Double Deck
Market Breakup by Fuel Type
Diesel
Electric and Hybrid
Market Breakup by Application
Public Bus
Tourism Bus
Service Bus
School Bus
Others
Market Breakup by End Use
Transit Bus
Intercity/Coaches
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Israel bus transportation companies. Some of the major key players explored in the report by Expert Market Research are as follows:
Merkavim transportation Ltd.
BYD Company Ltd.
Xiamen Golden Dragon Bus Co., LTD
Higer Bus Company Limited.
Daimler AG
Volvo Group
Others
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