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The articulated bus market size is estimated to grow at a CAGR of 5.52% between 2022 and 2027. The market size is forecast to increase by USD 1,735.21 million. The growth of the market depends on several factors, including the several benefits of articulated buses, the growing urbanization globally, and the increasing focus on the adoption of sustainable transportation. Germany, China, France, US, and Brazil are the top five countries contributing to the market growth.
Volkswagen-group is a company that manufactures articulated bus market. The company offers articulated buses such as MAN Lion's City G, and Volkswagen e-DUO. Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021.
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This articulated bus market report extensively covers market segmentation by fuel type (diesel, electric and hybrid, and others), type (single-decker bus and double-decker bus), and geography (Europe, APAC, North America, South America, and Middle East and Africa).
The diesel segment is estimated to witness significant growth during the forecast period. An articulated diesel bus is a conventional bus that's primary power source is diesel fuel. It is equipped with an internal combustion engine that burns diesel fuel to produce mechanical energy to drive the bus. Diesel buses are used in many regions of the world.
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The diesel segment was the largest segment and was valued at USD 2,833.82 million in 2017. Articulated diesel buses are a popular choice among public transport due to their relatively low initial cost compared to some alternative fuel options. Electric and hybrid buses may offer environmental benefits, but diesel buses have historically been more cost-effective for transport operators on tight budgets. Moreover, there are few market players in the global articulated bus market that offer diesel-powered articulated buses. For instance, the Volvo Group is a transit bus manufacturer headquartered in Canada. Hence, the rising use of diesel-powered articulated buses will fuel the growth of the diesel segment in the global articulated bus market during the forecast period.
Based on type, the single-decker bus segment dominates the market. Bendy buses, or single-decker articulated buses, have a flexible joint that boosts passenger cAPACity and efficiency by allowing the bus to bend in the middle. Their elongated design suits crowded urban routes, accommodating more passengers than traditional buses. The articulated joint aids maneuverability in congested streets and corners. Notably, the Volvo 7900 Hybrid is a prime example, available with hybrid, diesel, or compressed natural gas engines.
These buses promote eco-friendly transportation by reducing vehicles, leading to potential fuel savings and lower emissions per passenger. While they offer multiple benefits, specific infrastructure is necessary, and challenges may arise in certain road conditions. Nonetheless, single-decker articulated buses are increasingly adopted in urban transit systems as cities aim to meet growing population needs and reduce environmental impact. This trend is expected to drive the global articulated bus market's single-decker segment growth.
Europe is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Articulated buses have been in use in most European countries for many years. The higher carrying cAPACity of articulated buses compared to conventional buses increased their popularity in mainland Europe. Countries such as the UK, Italy, Hungary, France, and Germany are the top revenue-generating countries contributing to the growth of the regional articulated bus market.
Moreover, some European cities have successfully incorporated articulated buses in their public transportation systems to meet the rising demand for efficient and sustainable mobility solutions. Furthermore, Europe has several major bus manufacturers that supply articulated buses to transport companies and governments across the continent. Well-known companies such as Volvo are among the major players in the European articulated bus market. The largest single order for electric buses in Europe was placed with Volvo Buses. These key players have helped shape the European articulated bus market and will contribute to regional efforts to promote sustainable and efficient public transport solutions during the forecast period.
The outbreak of COVID-19 in the region severely impacted the growth of several industries, including automotive units in 2020. However, in 2021, the starting of large-scale COVID-19 vaccination drives by governments across the region and the restoration of supply chain activities stabilized the growth of the regional articulated bus market. Furthermore, the announcement of lucrative economic stimulus packages and the rising focus on the adoption of sustainable means of transport are expected to fuel the growth of the articulated bus market in the region during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Several benefits of articulated buses are the key driver for the growth of the market. Articulated buses tend to be superior to double-decker buses in some respects, which explains why articulated buses are becoming more popular in countries such as the UK, Ireland, and other regions historically dominated by double-decker buses. Articulated buses can carry large numbers of passengers and are increasingly used on busy bus routes. Articulated buses not only reduce the number of buses required on a route but also speed up boarding and disembarking at each stop.
Furthermore, another advantage is that articulated buses do not pose a safety hazard when passengers use the stairs of a double-decker bus while traveling. In addition, articulated buses often travel at high speeds due to the corresponding engine power. Articulated buses are more stable, so drivers may feel safer at high speeds. Hence, such factors will propel the growth of the global articulated bus market during the forecast period.
The growing adoption of electric articulated buses is the primary trend in the market. Many cities and transport companies throughout the world, in response to increasing climate change concerns as well as an urgent need for emission reductions, have already introduced or are considering the introduction of electric articulated buses on their own transportation systems. This trend is driven by a focus on the goals of sustainability, improving air quality, and moving towards cleaner and greener urban transport solutions. Articulated electric buses offer several advantages in line with the sustainability goals of modern cities. One of the most notable advantages is zero emissions.
Furthermore, governments and public transport agencies are also supporting the electrification trend by offering incentives and subsidies to encourage the adoption of electric buses. Financial incentives, reduced taxes, and subsidies have made an investment in articulated electric buses financially viable for transit companies, making them an attractive option for fleet renewals and expansions. Therefore, increasing adoption of electric articulated buses is one of the growth trends expected to drive the growth of the global articulated buses market during the forecast period.
Inadequate bus infrastructure is the challenge that affects the growth of the global articulated bus market. Due to poor bus infrastructure, especially in urbanized areas the global articulated bus market is facing major challenges. The efficiency and reliability of articulated bus services are hampered by the lack of bus stops, terminals, and designated bus lanes, leading to operational inefficiencies, longer journey times, and reduced passenger satisfaction.
Furthermore, the challenge is compounded by the lack of designated bus lanes. According to the National Development and Reform Commission, only about 6 to 8 percent of China's urban roads have designated bus lanes, hindering the efficient operation of articulated buses and causing delays during rush hour. Therefore, the lack of sufficient articulated bus infrastructure is expected to affect bus transport operations and thus impede the growth of the global articulated bus market during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
AB Volvo: The company offers articulated buses such as Volvo 7900 Articulated Bus, and Volvo 7900 Electric Articulated.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
AB Volvo, BYD Co. Ltd., Construcciones y Auxiliar de Ferrocarriles SA, IRIZAR SOCIEDAD COOPERATIVA, Iveco Group N.V, Koc Holding AS, Mercedes Benz Group AG, Tata Motors Ltd., Van Hool NV, and Volkswagen AG
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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Articulated Bus Market Scope |
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Report Coverage |
Details |
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Page number |
162 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.52% |
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Market growth 2023-2027 |
USD 1,735.21 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
5.12 |
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Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
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Performing market contribution |
Europe at 45% |
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Key countries |
US, China, Germany, France, and Brazil |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AB Volvo, BYD Co. Ltd., Construcciones y Auxiliar de Ferrocarriles SA, IRIZAR SOCIEDAD COOPERATIVA, Iveco Group N.V, Koc Holding AS, Mercedes Benz Group AG, Tata Motors Ltd., Van Hool NV, and Volkswagen AG |
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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, Market condition analysis for forecast period |
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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 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Fuel Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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