Articulated buses have significantly high passenger carrying capacity and comprise two rigid sections linked by a pivoting joint. The popularity of the articulated buses is high in Europe due to the presence of well-developed road infrastructure and consumers who prefer public transport over private transport.
The global market for the articulated buses is likely to expand at a significant pace during the forecast period, due to rising preference of consumers toward public transport. Therefore, governing bodies are preferring articulated buses in order to provide optimum public transport. Furthermore, high seating capacity and comparatively high fuel-efficiency of articulated buses are likely to propel the articulated bus market. Increasing adoption of articulated electric buses due to their higher effectiveness in pollution control is likely to boost the articulated bus market during the forecast period. Presence of small roads and insufficient infrastructure are restraining the articulated bus market in a few regions, as these buses possess a large turning radius and handling them on narrow roads can be difficult.
The global market for articulated buses can be segmented based on articulation, powertrain, and region.
Based on articulation, the articulated bus market can be bifurcated into single articulated and double articulated buses. The single articulated buses segment is expected to account for a larger share of the market, as compared to that of the double articulated buses segment, as single articulated buses possess better maneuverability owing to their shorter length. On the other hand, double articulated buses are longer and hence, require wider roads and highly developed infrastructure. This is hampering the double articulated buses segment of the market. Moreover, demand for double articulated buses is higher in countries such as Sweden and the Netherlands, in Europe.
In terms of powertrain, the diesel powered segment is expected to lead the articulated bus market; however, electric and hybrid articulated buses segments are expanding at a high growth rate and are anticipated to gain significant share of the market during the forecast period. This is because electric articulated buses are highly effective in revolutionizing the green mobility as single articulated electric bus can carry almost twice number of passengers as the single electric bus.
In terms of region, Europe is anticipated to hold a prominent share of the global articulated bus market, due to the presence of key manufacturers and well-developed infrastructure in the region. High rate of adoption of articulated electric buses in the region, specifically in Nordic countries, is likely to boost the articulated bus market in the region. Latin America and Asia Pacific are the other key markets, which are expected to expand at a prominent growth rate during the forecast period. The articulated bus market in Mexico, Brazil, and Ecuador is witnessing expansion. Recently, the BRT system of Quito ordered 80 bi-articulated buses from Volvo Bus.
Key players operating in the global articulated buses market are Volvo AB, Scania Group, Solaris Bus & Coach Co., Proterra Inc., EBUSCO BV, Daimler AG, and Alexander Dennis. Volvo AB is a leading manufacturer of articulated buses. It is anticipated to maintain its dominance in the market. In 2013, Volvo AB launched its hybrid articulated bus to cater to the demand for buses with high passenger carrying capacity and lower fuel consumption among customers in Europe.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.