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The apron bus market share is expected to increase by USD 233.23 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.08%.
This apron bus market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers apron bus market segmentation by type (diesel and electric) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The apron bus market report also offers information on several market vendors, including BMC, BYD Co. Ltd, China International Marine Containers Group Ltd., China Leyuan Airspace Investment Manufacturing Ltd., COBUS Industries GmbH, Construcciones y Auxiliar de Ferrocarriles SA, Hexagon Studio, KIITOKORI OY, Mallaghan Engineering Ltd., MCV Group, Nandan GSE Pvt. Ltd., Panus Assembly Co. Ltd., Proterra Inc., Sutlej Motors Pvt. Ltd., TAM Europe d.o.o., Weihai Guangtai Airport Equipment Co. Ltd, Xiamen King Long United Automotive Industry Co. Ltd., and Zhengzhou Yutong Bus Co. Ltd. among others.
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The faster-boarding process is notably driving the apron bus market growth, although factors such as passenger boarding bridge as a better alternative may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the apron bus industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Apron Bus Market Driver
The faster-boarding process is one of the major drivers impacting the apron bus market growth. Apron buses are the best option at some airports, to transport passengers from the plane to the terminal or vice versa. A faster boarding process is essential for airlines as they strive to improve passenger satisfaction all the time. Rising air passenger traffic and the corresponding growth in airline fleets are the main drivers of the growth of the global apron bus market. In addition, airport jet bridges are not always available to all aircraft; hence, the need to use the apron bus increases. Some airlines, to reduce emissions at airports, are using electric runway buses to replace their aging diesel-powered buses. To dominate the market, bus manufacturers are turning to all-electric bus production. The construction of new airports is expected to increase the runway bus demand, and, in turn, fuel market growth during the forecast period.
Key Apron Bus Market Trend
Increased passenger traffic in airports to upsurge demand for apron buses is one of the major trends influencing the apron bus market growth. An increased air passenger traffic, along with the corresponding growth in the fleet, is driving the growth of the global apron bus market. Additionally, in keeping with the complexity of the passenger terminal and the general layout of the airport, airport buses are an integral part of connecting passengers to and from their boarding flights to the airport check-in areas and inside the airport. Furthermore, the growth in passenger traffic is expected to boost air travel globally during the forecast period, thereby increasing the demand for the apron buses. In addition, the construction of new airports is expected to drive the demand for apron buses, which, in turn, fuel market growth, during the forecast period.
Key Apron Bus Market Challenge
Passenger boarding bridge as a better alternative is one of the major challenges impeding the apron bus market growth. The long life cycle of passenger boarding bridges is a major reason for adopting them rather than apron buses Not only is there a growing need for alternative apron buses, but there is also growing acceptance among airport officials, which is contributing to the expanding demand for passenger boarding bridges. Due to increased aviation traffic, regions like East Asia, South Asia, and Europe experience a higher need for passenger boarding bridges than other parts of the world. Many countries are focusing on innovative technologies to improve their infrastructure and generate more revenue. South Asia and East Asia are the main passenger boarding bridge users in the world. Passenger boarding bridges also emerge as low-carbon transmission structures because they use renewable resources to operate. Business growth has been optimistically normalized due to the growing permitting of carbon emissions and renewable resources. Thus high acceptance of passenger boarding bridges may hinder the apron bus market during the forecast period.
This apron bus market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global apron bus market as a part of the global automotive market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the apron bus market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the apron bus market encompasses successful business strategies deployed by the key vendors. The apron bus market is fragmented and the vendors are deploying growth strategies such as expanding their product portfolios to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The apron bus market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the apron bus market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for the apron bus market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The high volume of luxury buses and increasing preference for luxury shuttles over vans will facilitate the apron bus market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic reduced flying activity and hurt airline cash flows. Thus, the majority of airlines decided to postpone or cancel their aircraft orders. As the pandemic reduced the need for new aircraft, the commercial aircraft OEMs decreased their production rates. However, a steady recovery of the commercial aviation sector in 2021 resulted in a marked rise in aircraft deliveries compared with 2020.
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The apron bus market share growth in the diesel segment will be significant during the forecast period. The diesel segment accounted for a large share of the global apron bus market in 2021. Nowadays, the adoption of advanced technologies and systems to reduce carbon emissions at airports is increasing. This, along with the replacement of more old diesel-powered buses with new buses by airlines, is one of the key factors driving the market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the apron bus market size and actionable market insights on post COVID-19 impact on each segment.
Apron Bus Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.08% |
Market growth 2022-2026 |
$ 233.23 million |
Market structure |
Fragmented |
YoY growth (%) |
9.29 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
BMC, BYD Co. Ltd, China International Marine Containers Group Ltd., China Leyuan Airspace Investment Manufacturing Ltd., COBUS Industries GmbH, Construcciones y Auxiliar de Ferrocarriles SA, Hexagon Studio, KIITOKORI OY, Mallaghan Engineering Ltd., MCV Group, Nandan GSE Pvt. Ltd., Panus Assembly Co. Ltd., Proterra Inc., Sutlej Motors Pvt. Ltd., TAM Europe d.o.o., Weihai Guangtai Airport Equipment Co. Ltd, Xiamen King Long United Automotive Industry Co. Ltd., and Zhengzhou Yutong Bus Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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