Articulated Bus Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0082572
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.32 |
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Articulated Bus Market Analysis Report 2023-2032
The Articulated Bus Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.92% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 2,895.87 million. The growth of this market is driven by various factors, including urbanization, the need for sustainable public transportation solutions, and increasing traffic congestion in cities. The market comprises services dedicated to the manufacturing, operation, and maintenance of articulated buses, providing efficient and eco-friendly transit options.
Articulated Bus Market Overview
Drivers
One of the key drivers behind the expansion of the Articulated Bus Market is the rapid urbanization occurring globally. As more people migrate to urban areas, the demand for efficient and sustainable public transportation systems, such as articulated buses, is on the rise. Articulated buses offer higher passenger capacity, making them a cost-effective solution for transporting a large number of people within cities.
Furthermore, the growing awareness of environmental issues and the need to reduce carbon emissions is driving the market. Articulated buses are often powered by cleaner technologies like natural gas, hybrid systems, or electricity, aligning with sustainability goals.
Trends
An important trend shaping the Articulated Bus Market is the adoption of advanced technologies for enhanced passenger experience and safety. These technologies include real-time tracking, Wi-Fi connectivity, and eco-friendly propulsion systems. These features not only make articulated buses more appealing to passengers but also contribute to a reduction in environmental impact.
Additionally, the rise of autonomous and electric articulated buses is transforming the market landscape. These innovations are expected to play a significant role in the future of public transportation, reducing operational costs and environmental footprint.
Restraints
One of the challenges facing the Articulated Bus Market is the need for significant infrastructure improvements to accommodate these larger vehicles. Many cities need to adapt their road networks, including bus stops and stations, to support articulated buses, which can be a time-consuming and costly process.
Moreover, the initial capital investment required to purchase and maintain articulated buses can be a restraint to market growth. While the long-term benefits, including reduced operational costs and lower emissions, are evident, the upfront expenses may deter some transit authorities from adopting articulated buses.
Articulated Bus Market Segmentation By Application
The public transportation sector is expected to be the primary growth segment within the Articulated Bus Market. Urban and suburban transit agencies are increasingly turning to articulated buses to meet the rising demand for efficient and eco-friendly public transportation. These vehicles help reduce the number of buses on the road while carrying more passengers, leading to cost savings and decreased traffic congestion.
Tourism and Charter Services represent another application segment for articulated buses. These vehicles are popular choices for city tours and group transportation, offering spacious and comfortable options for travelers.
Articulated Bus Market Segmentation By Service Type
The manufacturing and sales of articulated buses segment is projected to experience significant growth during the forecast period. Manufacturers are continuously innovating to develop more environmentally friendly and technologically advanced articulated buses to meet the evolving needs of transit agencies and tour operators.
Bus operation and maintenance services also play a vital role in the Articulated Bus Market. Transit authorities and private operators rely on these services to ensure the proper functioning and upkeep of their fleets.
Regional Overview:
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Request pdf SampleNorth America is anticipated to be a key driver of global Articulated Bus Market growth. As cities in the region grapple with traffic congestion and environmental concerns, there is a growing demand for articulated buses to improve public transportation and reduce emissions.
Europe, particularly countries like Germany and the United Kingdom, is another significant market for articulated buses. European cities are known for their well-developed public transportation systems, and the adoption of articulated buses is in line with their sustainability goals.
Asia-Pacific (APAC) is a region with immense potential for the Articulated Bus Market. Rapid urbanization and increasing investments in public transportation infrastructure are driving the demand for articulated buses in countries like China, India, and Japan.
Articulated Bus Market Customer Landscape
The Articulated Bus Market report offers insights into the adoption patterns of the market, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels. Moreover, the report delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.
Major Articulated Bus Market Companies
Prominent players in the Articulated Bus Market are implementing diverse strategies to bolster their market presence. These strategies include strategic collaborations, mergers and acquisitions, new bus models, geographic expansion, and technological innovations.
Sample list of major companies in the market:
- ArtiBus Solutions
- EcoTransit Buses
- TransitTech
- UrbanMotion
- GreenBus Innovations
Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players.
Segment Overview
The Articulated Bus Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
- Public Transportation
- Tourism and Charter Services
- Others
- Service Type Outlook (USD Million, 2019 - 2032)
- Manufacturing and Sales
- Bus Operation and Maintenance Services
- Other Services
- Geography Outlook (USD Million, 2019 - 2032)
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
Table of Contents
1 Study Coverage 1
1.1 Articulated Bus Product 1
1.2 Key Market Segments in This Study 1
1.3 Key Manufacturers Covered 3
1.4 Market by Type 3
1.4.1 Global Articulated Bus Market Size Growth Rate by Type 3
1.4.2 Single-decker Articulated Bus 4
1.4.3 Double-decker Articulated Bus 5
1.5 Market by Application 5
1.5.1 Global Articulated Bus Market Size Growth Rate by Application 5
1.5.2 City Traffic 6
1.5.3 Town Traffic 6
1.6 Study Objectives 6
1.7 Years Considered 7
2 Executive Summary 8
2.1 Global Articulated Bus Market Size 8
2.1.1 Global Articulated Bus Revenue 2013-2025 8
2.1.2 Global Articulated Bus Production 2013-2025 9
2.2 Articulated Bus Growth Rate (CAGR) 2018-2025 9
2.3 Analysis of Competitive Landscape 10
2.3.1 Manufacturers Market Concentration Ratio 10
2.3.2 Key Articulated Bus Manufacturers 10
2.4 Key Trends for Articulated Bus Markets & Products 11
2.5 World Automotive Overview 11
3 Market Size by Manufacturers 21
3.1 Articulated Bus Production by Manufacturers 21
3.1.1 Articulated Bus Production by Manufacturers 21
3.1.2 Articulated Bus Production Market Share by Manufacturers 22
3.2 Articulated Bus Revenue by Manufacturers 22
3.2.1 Articulated Bus Revenue by Manufacturers (2017 and 2018) 22
3.2.2 Articulated Bus Revenue Share by Manufacturers (2017 and 2018) 23
3.3 Articulated Bus Price by Manufacturers 24
3.4 Articulated Bus Gross Margin by Manufacturers 24
4 Articulated Bus Production by Regions 26
4.1 Global Articulated Bus Production by Regions 26
4.2 China 27
4.3 North America 28
4.4 Europe 29
5 Articulated Bus Consumption by Regions 30
5.1 Global Articulated Bus Consumption by Regions 30
5.1.1 Global Articulated Bus Consumption by Regions 30
5.1.2 Global Articulated Bus Consumption Market Share by Regions 30
5.2 North America 32
5.2.1 North America Articulated Bus Consumption 32
5.2.2 North America Articulated Bus Consumption by Countries 33
5.2.3 United States 34
5.2.4 Canada 35
5.2.5 Mexico 36
5.3 Europe 37
5.3.1 Europe Articulated Bus Consumption 37
5.3.2 Europe Articulated Bus Consumption by Countries 38
5.3.3 Germany 39
5.3.4 UK 40
5.3.5 France 41
5.3.6 Italy 42
5.4 Asia-Pacific 43
5.4.1 Asia-Pacific Articulated Bus Consumption 43
5.4.2 Asia-Pacific Articulated Bus Consumption by Countries 44
5.4.3 China 45
5.4.4 Australia 46
5.4.5 India 47
5.5 South America 48
5.5.1 South America Articulated Bus Consumption 48
5.5.2 South America Articulated Bus Consumption by Countries 49
5.5.3 Brazil 50
5.5.4 Colombia 51
5.6 Middle East & Africa 52
5.6.1 Middle East & Africa Articulated Bus Consumption 52
5.6.2 Middle East & Africa Articulated Bus Consumption by Countries 53
5.6.3 Middle East 54
5.6.4 Africa 55
6 Market Size by Type 56
6.1 Global Articulated Bus Production by Type 56
6.2 Articulated Bus Growth by Type 57
7 Market Size by Application 59
7.1 Overview 59
7.2 Global Articulated Bus Breakdown Dada by Application 59
8 Key Industry Players 61
8.1 Volvo 61
8.1.1 Company Profile 61
8.1.2 Product Information 62
8.1.3 Sales, Price, Cost, Gross, and Revenue 62
8.2 Daimler (Mercedes-Benz) 64
8.2.1 Company Profile 64
8.2.2 Product Information 65
8.2.3 Sales, Price, Cost, Gross, and Revenue 65
8.3 Yutong 66
8.3.1 Company Profile 66
8.3.2 Product Information 67
8.3.3 Sales, Price, Cost, Gross, and Revenue 68
8.4 MAN Truck & Bus 69
8.4.1 Company Profile 69
8.4.2 Product Information 70
8.4.3 Sales, Price, Cost, Gross, and Revenue 70
8.5 New Flyer (NFI Group) 71
8.5.1 Company Profile 71
8.5.2 Product Information 72
8.5.3 Sales, Price, Cost, Gross, and Revenue 73
8.6 Solaris Bus & Coach 74
8.6.1 Company Profile 74
8.6.2 Product Information 75
8.6.3 Sales, Price, Cost, Gross, and Revenue 76
8.7 Scania 77
8.7.1 Company Profile 77
8.7.2 Product Information 78
8.7.3 Sales, Price, Cost, Gross, and Revenue 78
8.8 Ashok Leyland 79
8.8.1 Company Profile 79
8.8.2 Product Information 81
8.8.3 Sales, Price, Cost, Gross, and Revenue 82
8.9 Otokar 83
8.9.1 Company Profile 83
8.9.2 Product Information 84
8.9.3 Sales, Price, Cost, Gross, and Revenue 85
8.10 BYD 86
8.10.1 Company Profile 86
8.10.2 Product Information 87
8.10.3 Sales, Price, Cost, Gross, and Revenue 88
9 Entry Strategy for Key Countries 89
9.1 Entry Strategy for United States Market 89
9.2 Entry Strategy for China Market 90
9.3 Entry Strategy for India Market 91
10 Production Forecasts 92
10.1 Articulated Bus Production and Revenue Forecast 92
10.1.1 Global Articulated Bus Production Forecast 2018-2025 92
10.1.2 Global Articulated Bus Revenue Forecast 2018-2025 93
10.2 Articulated Bus Production Forecast by Regions 93
10.3 Articulated Bus Key Producers Forecast 94
10.3.1 North America 94
10.3.2 Europe 95
10.3.3 China 96
10.4 Articulated Bus Forecast by Type 96
11 Consumption Forecast 98
11.1 Articulated Bus Consumption Forecast by Application 98
11.2 Articulated Bus Consumption Forecast by Regions 99
11.3 Articulated Bus Revenue (Million USD) Forecast by Regions 100
11.4 North America Market Consumption and Revenue Forecast 101
11.4.1 North America Articulated Bus Consumption Forecast by Country 2018-2025 101
11.4.2 North America Articulated Bus Revenue Forecast by Country 2018-2025 102
11.5 Europe Market Consumption and Revenue Forecast 103
11.5.1 Europe Articulated Bus Consumption Forecast by Country 2018-2025 103
11.5.2 Europe Articulated Bus Revenue Forecast by Country 2018-2025 104
11.6 Asia-Pacific Market Consumption and Revenue Forecast 105
11.6.1 Asia-Pacific Articulated Bus Consumption Forecast by Country 2018-2025 105
11.6.2 Asia-Pacific Articulated Bus Revenue Forecast by Country 2018-2025 106
11.7 South America Market Consumption and Revenue Forecast 107
11.7.1 South America Articulated Bus Consumption Forecast by Country 2018-2025 107
11.7.2 South America Articulated Bus Revenue Forecast by Country 2018-2025 108
11.8 Middle East & Africa Market Consumption and Revenue Forecast 109
11.8.1 Middle East & Africa Articulated Bus Consumption Forecast by Country 2018-2025 109
11.8.2 Middle East & Africa Articulated Bus Revenue Forecast by Country 2018-2025 110
12 Opportunities & Barriers, Threat and Affecting Factors 111
12.1 Market Opportunities 111
12.2 Market Barrier 111
12.3 Feasibility Analysis 113
12.4 Affecting Factors 114
12.4.1 GDP for Major Regions 114
12.4.2 Population and Labor Considered for Forecast 116
12.4.3 Disposable Income Considered for Forecast 117
12.4.4 Price of Raw Materials in Dollars: Evolution 119
13 Key Findings in the Global Articulated Bus Study 120
14 Appendix 127
14.1 Research Methodology 127
14.1.1 Methodology/Research Approach 127
14.1.2 Data Source 132
14.2 Disclaimer 134
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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