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Global Articulated Bus Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12456
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This market research study identifies Daimler, MAN, Solaris Bus & Coach, and Volvo as the leading players in the global articulated bus market. The report also presents a comprehensive analysis of this market based on the geographical regions such as the Americas, APAC, and EMEA.

Overview of the global articulated bus market

According to Technavio’s analysts, the global articulated bus market is anticipated to grow rapidly and post a CAGR of more than 20% during the forecast period. The improved battery technology along with declining prices of Li-ion batteries will drive the growth prospects for the global articulated bus market until the end of 2021. These Li-ion batteries increase the mile range and reliability of the electric articulated bus. For instance, BYD electric articulated bus covered 400 km on a single battery charge. In addition, technological advancements will result in the use of solid-state battery technology instead of the current Li-ion battery technology, which will further fuel the market’s growth in the coming years. Moreover, the development of rechargeable lithium-air batteries is an ongoing research, which is expected to offer an increased mile range to the articulated bus.

The growing popularity of articulated bus over conventional bus will drive the growth prospects for the global articulated bus market for the next four years. One of the major factors responsible for the growing popularity of bus transit is its cost-effectiveness that provides urban transportation needs such as comfort, reliability, accessibility, and ease of use. In addition, the market is witnessing a high rate of adoption of articulated buses over conventional bus due to the rising investment in bus rapid transit (BRT) systems. Furthermore, the benefits of articulated buses also allow authorities to reduce investment in transit modes like trams, which will again fuel market growth.

Competitive landscape and key vendors

The articulated bus market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. The market will witness an intensely competitive environment due to the entry of automotive OEMs in the electric articulated bus market but will benefit the customers in terms of cost as well as performance. In addition, it has been observed that a large number of vendors are increasingly adopting both organic and inorganic strategies to expand in this market.

Key vendors in this market are -

  • Daimler
  • MAN
  • Solaris Bus & Coach
  • Volvo

Other prominent vendors in the market include Ashok Leyland, BYD, New Flyer, Otokar, Scania, and Tata Motors.

Segmentation by geography and analysis of the articulated bus market

  • Americas
  • APAC
  • EMEA

In terms of geography, EMEA accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the growing rate of adoption of articulated buses in the European region is the presence of superior public transit systems. Also, it has been observed that European Commission (EC) encourages urban public transportation by promoting the exchange of best practices like the European Local Transport Information Service (ELTIS) portal and incorporating European Structural and Investment Funds (ESIF) for funding the development of cycle infrastructure.

Growth drivers, challenges, and upcoming trends: Development in swivel joint

The development in swivel joint gives stability and safety to the articulated bus, which will propel the rate of revenue generation in the market. In addition, the development in swivel joint enables reduced weight that drives the popularity of the pusher articulated bus.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global articulated bus market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global articulated bus market?
  • What are the key market trends impacting the growth of the global articulated bus market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global articulated bus market?
  • What are the market opportunities and threats faced by the vendors in the global articulated bus market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global articulated bus market?

Technavio also offers customization on reports based on specific client requirement.

Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights
  • Transit systems
  • Transit modes
  • Types of buses
  • Articulated bus: Market dynamics
  • Value chain analysis

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Global articulated bus market by geography
  • Articulated bus market in EMEA
  • Articulated bus market in Americas
  • Articulated bus market in APAC

PART 07: Decision framework

PART 08: Drivers and challenges

  • Market drivers
  • Market challenges

PART 09: Market trends

  • Growing popularity of articulated bus over conventional bus
  • Ultra-capacitors in hybrid bus energy storage system
  • Development in swivel joint giving stability and safety to articulated bus
  • Growing popularity of all-electric articulated bus
  • Automotive OEMs in EVs segment covering the most levels of value chain and production of in-house electric motors

PART 10: Vendor landscape

  • Competitive benchmarking
  • Other prominent vendors

PART 11: Key vendor analysis

  • Daimler
  • MAN
  • Solaris Bus & Coach
  • Volvo

PART 12: Appendix

  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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