Bus Market Overview in Iceland
The revenue of the bus market in Iceland dropped dramatically to $ in 2019, with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a tangible expansion. The growth pace was the most rapid in 2016 with an increase of % y-o-y. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market remained at a lower figure.