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The Public Transport Vehicle market is a sector of the public transport industry that focuses on the production and sale of vehicles used for public transportation. This includes buses, trains, trams, and other forms of transportation. The market is highly competitive, with manufacturers competing to produce the most efficient and cost-effective vehicles. The vehicles must meet safety and environmental standards, as well as the needs of the public transport operators.
The market is also subject to technological advances, with manufacturers constantly looking for ways to improve the performance and efficiency of their vehicles. This includes the use of alternative fuels, such as electric and hydrogen, as well as the development of autonomous vehicles.
Companies in the Public Transport Vehicle market include Volvo, Daimler, BYD, Proterra, and New Flyer. Show Less Read more