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The articulated bus market size is forecast to increase by USD 1.88 billion at a CAGR of 5.68% between 2023 and 2028.
The articulated bus industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Articulated buses, available in both single-decker and double-decker configurations, cater to the transportation needs of dense urban areas and intracity routes. These buses, featuring low-floor designs and spacious interiors, accommodate larger passenger capacities compared to conventional buses. Transit agencies prioritize sustainable mobility initiatives, leading to the growing popularity of zero-emission electric buses. However, diesel buses continue to dominate the market due to their high range and versatility, suitable for long-haul intercity routes and areas with limited charging infrastructure.
Moreover, urban populations rely on buses for efficient and flexible transportation, especially in crowded city streets with tight turns. The vehicle market consists of various types, including single-decker buses, double-decker buses, airport shuttle services, tour & charter services, and ICE (Internal Combustion Engine) vehicles. Flexible construction and automation technologies, such as lane assist and collision avoidance, enhance safety and passenger comfort. Urban transportation and public transport options continue to evolve, with government laws and environmental concerns shaping the market landscape.
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The diesel segment was valued at USD 2.95 billion in 2018 and showed a gradual increase 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 gained prominence in European transportation due to their increased passenger capacity compared to conventional buses. In countries like the UK, Italy, Hungary, France, and Germany, where double-deck vehicles face clearance issues and overhead wire complications are minimal, articulated buses have become a preferred choice. The EU's standard minimum clearance above road level is higher than a double-deck vehicle's height, eliminating concerns related to railway bridges and wires. This, coupled with the growing emphasis on sustainable mobility initiatives, has driven the market growth for articulated buses in Europe. Urban populations increasingly rely on public transport, and transit agencies seek fuel-efficient, eco-friendly solutions. Articulated buses, with their flexible construction and passenger-centric amenities, cater to the needs of crowded urban areas and intracity services.
Furthermore, government subsidies and incentives further encourage the adoption of these vehicles, which can carry heavier loads and offer spacious interiors. As transit authorities prioritize carbon reduction goals, zero-emission operation through electric buses is a significant trend. Traffic flow and infrastructure for charging electric buses, as well as advancements in battery technology and automation technologies like lane assist and collision avoidance, are crucial factors shaping the vehicle market. Both single-decker and double-decker articulated buses cater to various services, including intercity buses, airport shuttle services, tour & charter services, and ICE vehicles. The flexible design features of articulated buses, such as the articulated joint, accommodate tight turns and congested city streets.
Our researchers analyzed the data with 2023 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.
The benefits of articulated buses over double-decker buses are the key drivers of the market.
The rising adoption of electric articulated buses is the upcoming market trend.
Inadequate bus infrastructure is a key challenge affecting the industry's growth.
The articulated bus market forecasting report includes the adoption lifecycle of the market, market growth and forecasting, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the articulated bus market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, articulated bus market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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 industry 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.
The market encompasses a unique segment of the vehicle industry, catering to the specific demands of urban transportation. These buses, characterized by their flexible and elongated designs, offer increased passenger capacity and maneuverability in congested city streets. Articulated buses, also known as bendy buses or accordion buses, are distinguished by their articulated joint, which allows the vehicle to bend at the middle, enabling it to navigate tight turns and accommodate larger passenger numbers. The market for these buses is driven by several factors, including the growing need for eco-friendly and fuel-efficient transportation solutions in urban surroundings. The demand for articulated buses is fueled by several market dynamics. Urban populations continue to grow, leading to an increased need for efficient public transportation options in densely populated areas. The flexible construction of articulated buses makes them an ideal choice for crowded urban areas, as they can carry more passengers while requiring less space than multiple single-decker buses. Moreover, governments worldwide are implementing laws and regulations aimed at reducing greenhouse gas emissions and improving air quality in urban areas.
Additionally, articulated buses, with their energy-efficient propulsion systems and passenger-centric amenities, offer a viable solution for transit authorities seeking to meet these environmental concerns. The evolution of bus transport is marked by advancements in technology, with a focus on eco-friendly and automated features. Electric buses, for instance, are gaining popularity due to their zero-emission operation and carbon reduction goals. Battery technology and infrastructure for charging are continually improving, making electric buses a more viable option for transit authorities. Automation technologies, such as lane assist and collision avoidance systems, are also being integrated into articulated buses to enhance passenger safety and improve overall efficiency. The development of driverless buses is another trend that is gaining traction in the market, with the potential to address issues such as driver fatigue and reduce operational costs.
Thus, the market for articulated buses is diverse, catering to various sectors such as tour and charter services, airport shuttle services, and intercity and intracity transportation. These buses come in various designs, including double-decker and single-decker models, each offering unique advantages in terms of passenger capacity, load capacity, and payload. In summary, the market is an essential component of the urban transportation landscape. Its unique design and features make it an ideal solution for addressing the challenges of crowded urban areas, while its continued evolution through technological advancements ensures its relevance In the ever-changing transportation landscape.
Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.68% |
Market growth 2024-2028 |
USD 1.88 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
5.29 |
Key countries |
Germany, China, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive 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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