The Bus Market is segmented by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

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Bus Market Size 2024-2028

The bus market size is estimated to increase by USD 19.07 billion, growing at a CAGR of 6.73% between 2023 and 2028. Market expansion hinges on various factors such as accelerated urbanization, stringent government regulations, incentives, and effective congestion and traffic management strategies. As cities grow rapidly, there is an increased demand for solutions that streamline transportation and infrastructure development. Government policies and incentives play a pivotal role in shaping market dynamics, encouraging innovation and investment in urban planning and mobility solutions. Effective congestion and traffic management strategies are crucial to optimizing urban mobility, reducing environmental impact, and enhancing quality of life. These factors collectively drive market growth in sectors ranging from transportation infrastructure and smart city technologies to sustainable urban development initiatives. Emphasizing sustainable and efficient urban solutions remains essential in meeting the challenges posed by urbanization while fostering economic growth and environmental stewardship.

What will be the Size of the Bus Market During the Forecast Period?

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Market Dynamics

In the transportation sector, vehicle configuration and fuel category significantly influence operating costs and fuel expenditures for various vehicles, including diesel transit vehicles and luxury coaches used in the tourism sector. With fluctuations in fossil fuel prices, operators of transit buses and tour buses navigate economic challenges while balancing passenger revenue and optimizing routes across the road network. Digital innovations like online ticketing and machine learning (ML) enhance operational efficiencies and passenger experience, streamlining booking processes and optimizing schedules. Addressing environmental pollution, particularly from air travel and road-based transport such as intercity and intracity buses, remains a priority. Governments and industry leaders focus on sustainable practices and integrating digital technology to mitigate environmental impacts while meeting the demands of modern transportation systems and enhancing overall travel experiences.

Key Driver

Rapid urbanization is the key factor driving the growth of the global market. Rapid urbanization has become a key driver for the global market in several countries, including the US, China, and India. There is a growing need for effective and environmentally friendly public transport systems, especially these vehicles, as cities such as Mumbai and Bangalore expand and populations concentrate in urban areas. The requirement to meet the transit needs of an expanding metropolitan population is a major driver of the global bus market. The Chinese government has made significant investments in public transportation infrastructure to accommodate the increased demand for public transportation in metropolitan areas, notably BRT networks.

Moreover, in China, more than 40 BRT lines were operating by 2020, handling millions of passengers daily. According to the United Nations Department of Economic and Social Affairs, 68% of the world's population is expected to reside in urban areas by 2050. This indicates the increased future demand for buses across the world, which is expected to drive the growth of the market during the forecast period.

Significant Trends

Technological advancements in electric vehicles are the primary trend shaping the global bus market growth. Since the global market is growing moderately, many manufacturers are entering into electric vehicle manufacturing. In addition, the need for technological advancements is also high - a factor that is encouraging electric bus manufacturers to focus on advancements in collaboration with technology-based companies. In line with this, Volvo and Nanyang Technological University in Singapore have signed a cooperation agreement on an R&D program for autonomous electric buses as a drive to create new solutions for sustainable public transport. It is expected that this technology, which is being developed by Volvo, will contribute to the future autonomous applications of Volvo.

Another technological advancement has been made to address the difficulty in charging - Li-ion batteries that can be charged with the help of solar power. For instance, Kiira Motors, a Uganda-based company, has come up with the Kayoola bus concept, which can run on solar power. Hence, the adoption of electric buses and significant technological advancements are expected to drive the demand for electric buses, which, in turn, will drive the market growth and trends during the forecast period.

Major Challenge

Inadequate bus infrastructure is a major challenge impeding the growth of the global market. The global market has significant challenges due to poor infrastructure, particularly in urban region

Bus Market Outlook

As per our latest research, the global bus market size reached USD 55.8 billion in 2024, driven by robust urbanization, rising demand for public transportation, and government initiatives supporting sustainable mobility. The market is set to expand at a CAGR of 6.2% from 2025 to 2033, with the forecasted market size projected to reach approximately USD 96.1 billion by 2033. This growth is underpinned by the increasing adoption of electric and hybrid buses, stringent emission regulations, and a surge in investments in public transit infrastructure worldwide.

One of the key factors propelling the growth of the bus market is the heightened focus on environmental sustainability and the urgent need to reduce urban air pollution. Governments across the globe are implementing strict emission norms and offering incentives for the adoption of electric and hybrid buses, leading to a significant shift away from conventional diesel-powered vehicles. This transition is further supported by advancements in battery technologies, which have enhanced the range and efficiency of electric buses, making them a viable alternative for both urban and intercity transportation. Additionally, the rising awareness among city planners and transit authorities about the long-term cost benefits and reduced carbon footprint of electric buses is accelerating their adoption, thereby fueling overall market growth.

Another significant growth driver in the bus market is the increasing investments in public transportation infrastructure. Rapid urbanization, especially in emerging economies, has resulted in higher demand for mass transit solutions to address traffic congestion and provide affordable mobility options to a growing urban population. Many cities are expanding their bus fleets, modernizing existing vehicles, and incorporating smart technologies such as real-time tracking, contactless payment systems, and passenger information systems. These innovations are enhancing the overall passenger experience, improving operational efficiency, and attracting more commuters to public transport, which in turn is boosting the demand for new buses across various segments.

The market is also benefiting from the diversification of bus applications beyond traditional public transit. The increasing need for safe and reliable transportation for school children, the growth of the tourism sector, and the expansion of private shuttle services for corporate and airport transfers are contributing to the rising sales of specialized buses. Educational institutions, private fleets, and tour operators are investing in modern, feature-rich buses to meet the evolving expectations of passengers in terms of comfort, safety, and connectivity. This diversification is creating new opportunities for manufacturers to innovate and cater to a broader customer base, further propelling the growth of the global bus market.

From a regional perspective, Asia Pacific continues to dominate the global bus market, accounting for the largest share in both volume and value. This dominance is attributed to the massive urban populations in countries such as China and India, where public transport remains a lifeline for millions. The region is witnessing aggressive adoption of electric buses, supported by government policies, subsidies, and local manufacturing capabilities. North America and Europe are also experiencing steady growth, driven by fleet modernization initiatives and the integration of advanced safety and connectivity features. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, with increasing investments in public transportation infrastructure and a growing focus on sustainable mobility solutions.

Vehicle Type Analysis

The vehicle type segment of the bus market is highly diversified, encompassing diesel buses, electric buses, hybrid buses, CNG/LPG buses, and others such as hydrogen fuel cell and trolleybuses. Diesel buses have traditionally dominated the market due t

The School Bus Market Report is Segmented by Powertrain (Internal-Combustion Engine and More), Seating Capacity (Less Than or Equal To 30 Seats and More), Bus Type (Type A, Type B, and More), End User (Public School Districts and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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School Bus Market Size 2025-2029

The school bus market size is forecast to increase by USD 1.35 billion at a CAGR of 4% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing number of school enrollments worldwide. This trend is particularly noticeable in developing countries, where expanding access to education is a priority. Another key factor fueling market expansion is the adoption of technological innovations, such as GPS tracking systems, electronic fare collection, and real-time student information systems. These advancements not only enhance safety and efficiency but also provide valuable data for school administrators and parents. However, the market is not without challenges. Stringent emission and fuel economy standards are becoming increasingly important, necessitating the use of alternative fuels and more efficient bus designs. Meeting these regulations while maintaining affordability is a significant challenge for market participants. Additionally, the ongoing COVID-19 pandemic has disrupted traditional school bus operations, leading to the need for flexible and adaptable solutions. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must stay informed about the latest regulatory requirements and technological advancements, and be prepared to pivot their strategies as needed.

What will be the Size of the School Bus Market during the forecast period?

Request Free SampleThe market in the US is experiencing significant growth, driven by the increasing adoption of electric buses to mitigate harmful emissions and address student health concerns, such as allergies and asthma. This shift towards electromobility is also influenced by the integration of advanced technologies, including GPS tracking, enhanced braking systems, and IoT-enabled fleet management solutions. The market's evolution is further fueled by the rising student enrollment in educational institutions, which necessitates the expansion of transportation capacities. Parents' growing emphasis on student safety, mental and physical well-being, and reaction time improvements are also critical factors. The integration of artificial intelligence and seat belts enhances safety features, while improved driver visibility and fuel efficiency contribute to the market's expansion. Air pollution concerns and the need for greenhouse gas emissions reduction further bolster the market's momentum. Byd, among other players, is making strides in this sector by offering efficient and eco-friendly electric buses.

How is this School Bus Industry segmented?

The school bus industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Powertrain TypeICE-poweredElectricTypeType CType BType AType DGeographyNorth AmericaUSCanadaAPACChinaIndiaJapanSouth KoreaEuropeFranceGermanyItalyUKMiddle East and AfricaSouth America

By Powertrain Type Insights

The ice-powered segment is estimated to witness significant growth during the forecast period.School buses, a vital component of the transport sector, are transitioning towards cleaner and more efficient alternatives to address the air pollution issue. ICE vehicles, including diesel buses, continue to dominate the market but face challenges due to their harmful emissions. Particulate matter and volatile organic compounds (VOCs) are major pollutants emitted by ICE-powered school buses, which can penetrate deep into the lungs and cause severe health issues such as asthma, allergies, and respiratory health concerns. To mitigate these challenges, alternative fuel options like compressed natural gas (CNG) and propane have gained traction. These fuels use the same powertrain as ICE vehicles but offer reduced emissions. Additionally, electric buses are gaining popularity due to their zero-emission capabilities. Manufacturers like Thomas Built Buses and BYD are introducing electric school buses with advanced features such as thermal management systems, Artificial Intelligence, and Fleet Management Solutions to enhance student safety, cognitive development, and driver visibility. These buses also offer longer life, better fuel efficiency, and lower maintenance costs. Electromobility and clean mobility initiatives are driving the market, with incentives and incentives for zero-emission models. The integration of IoT, GPS tracking, and mobile power units further enhances the student experience, providing a peaceful ride and addressing mental well-being concerns. Despite these advancements, challenges remain, such as battery weight, charging infrastructure, and grid failures. However, economies of scale and continuous technological advancements are expected to overcome these hurdles. Rising student enrollment and essential

By 2027, the electric bus market is projected to amount to approximately ** billion U.S. dollars. This represents a compound annual growth rate of around *** percent across seven years, up from some ** billion U.S. dollars in 2020. This growth is in part generated by the shift towards emission regulations from national governments.

Public Transport Bus Service Market Outlook

The global public transport bus service market is projected to grow significantly, with an estimated market size reaching USD 123 billion by 2032, up from USD 75 billion in 2023, showcasing a compound annual growth rate (CAGR) of approximately 5.5%. This growth is fueled by the increasing urbanization across the globe, which necessitates efficient and sustainable public transport solutions to mitigate traffic congestion and pollution. The rising population density in urban areas is leading to an increased demand for reliable and affordable public transportation, which propels the expansion of bus services worldwide. As governments and private entities invest in infrastructure and technology to make bus transport more accessible and reliable, the market is poised to achieve substantial growth over the forecast period.

One of the primary growth factors of the public transport bus service market is the increased focus on reducing carbon emissions and the global shift towards more sustainable modes of transport. Governments around the world are implementing stringent regulations to curb pollution from road transport, which is driving the adoption of electric and hybrid buses. These environment-friendly alternatives not only help in reducing the carbon footprint but also promise long-term cost savings in terms of fuel and maintenance. The advancement in battery technology and the development of charging infrastructure further support the deployment of electric buses, pushing market growth. Additionally, initiatives like subsidies and incentives for electric vehicle adoption are encouraging both public and private operators to transition towards greener fleets.

Another significant driver for the public transport bus service market is the technological advancements and innovations in the transport sector. The incorporation of smart technologies such as GPS, IoT, and real-time tracking systems in buses has enhanced the overall efficiency, safety, and passenger experience. These technologies enable operators to optimize routes, reduce delays, and provide timely information to commuters, thereby increasing the attractiveness of bus services. Moreover, the development of autonomous buses is expected to revolutionize public transport in the coming years by reducing operational costs and improving safety. The integration of such advanced technologies is anticipated to attract more passengers and boost market growth.

The growing investments in public transport infrastructure, especially in developing regions, are also contributing to the market's expansion. Governments are prioritizing the development of efficient public transport networks as part of urban planning to tackle the challenges of urbanization. Infrastructure development, such as the construction of dedicated bus lanes, terminals, and maintenance facilities, is enhancing the reliability and capacity of bus services. This is particularly evident in regions like Asia Pacific and Latin America, where rapid urbanization is driving the need for robust transport solutions. These investments not only improve service quality but also provide economic benefits by creating jobs and boosting local economies, further supporting market growth.

Regionally, the public transport bus service market is witnessing varied growth dynamics. The Asia Pacific region is experiencing significant growth due to its large population base, rapid urbanization, and governmental focus on expanding public transport infrastructure. North America and Europe are also expected to see considerable growth, driven by technological advancements and the increasing adoption of electric buses. The Middle East & Africa and Latin America are progressively recognizing the importance of sustainable public transport solutions, leading to increased investments and infrastructure development in these regions. The regional dynamics and government policies play a crucial role in shaping the growth trajectory of the public transport bus service market.

Service Type Analysis

The service type segment of the public transport bus service market includes city bus service, intercity bus service, shuttle bus service, and school bus service. City bus services dominate the market due to the increasing urban population and the need for efficient intra-city transport solutions. These services are a vital component of the urban transportation network, providing affordable and reliable transport for daily commuters. The integration of smart technologies and the expansion of urban bus networks are further enhancing the efficiency and attractiveness of city bus services, l

Explore the booming global buses & coaches market, projected for significant growth through 2033. This in-depth analysis covers market size, key segments (electric buses, tourism), regional trends (Asia-Pacific, North America), leading companies (Daimler, Volvo, YUTONG), and future growth drivers. Discover insights to navigate this dynamic industry.

Global Buses Market Size Value Per Capita by Country, 2023 Discover more data with ReportLinker!

In 2024, buses had a market share of around *** percent in the German long-distance transport market. The market share was calculated based on passenger numbers. In regular public transport, a long-distance bus line connects regions at bigger distances from each other. Destinations range from Germany to Central Europe, especially cities or tourist magnets in Eastern, Southern and Southeast European countries. The buses often service several cities in both the outgoing and destination regions - they collect and drop off passengers in different places. Expressways and freeways are usually used as often as possible.

The Electric Bus Market is segmented by Fuel Category (BEV, FCEV, HEV, PHEV) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

The electric bus market attained a value of USD 18.36 Billion in 2024. The market is expected to grow at a CAGR of 14.40% during the forecast period of 2025-2034. By 2034, the market is expected to reach USD 70.49 Billion.

The introduction of swappable-battery modules is emerging as a niche yet transformative driver in the global electric bus market. In 2025, May Mobility, in collaboration with Italy’s Tecnobus, unveiled an autonomous mini electric bus featuring easily replaceable battery modules. This innovation minimizes downtime by allowing depleted batteries to be swapped within minutes instead of waiting for long charging cycles. Such modular energy systems significantly enhance fleet utilization, operational efficiency, and route flexibility, making electric buses more viable for continuous urban, campus, and airport shuttle operations.

Global efforts to curb climate change have led governments to impose strict emission regulations, significantly influencing the electric bus market. Zero-emission vehicle mandates, low-emission zones in cities, and penalties on diesel use are pushing transit agencies to switch to cleaner alternatives. These supportive frameworks not only reduce upfront costs but also make electric buses more competitive against traditional diesel models, accelerating adoption across both developed and emerging economies.

The size of the APAC Electric Buses Market market was valued at USD 44.74 Million in 2024 and is projected to reach USD 90.28 Million by 2033, with an expected CAGR of 10.55% during the forecast period. Recent developments include: In August 2022, Ashok Leyland's subsidiary Switch Mobility Ltd. secured an order to supply 200 air-conditioned electric double-decker buses from BEST in Mumbai. The double-decker buses are from EiV22 family and are powered by a 231 kWh battery, The buses will replace the existing fossil fuel powered double-decker buses in the BEST fleet., In August 2022, CAUSIS E-Mobility a part of London-based CAUSIS Group opened its office in Pune. In October 2021 the company has signed an MoU with the Government of Maharashtra to set up its second electric bus manufacturing facility in India at Pune. The company has secured an order to supply 700 electric buses to BEST in India, The company has already a manufacturing facility for electric buses in Jaipur., In May 2022, Olectra Greentech Ltd. secured an order to supply 2100 electric buses to BEST in Mumbai worth INR 3675 million., In August 2022, Switch Mobility Ltd. (Ashok Leyland Ltd.) won an order to supply 5000 electric buses to integrated Indian transport company Chalo. The memorandum of Ubderstanding has been signed for an initial period of three years and will see Chalo deploy Switch EiV12 electric buses across all Indian cities it operates in., In July 2022, Tata Motors Ltd. bagged a prestigious order to supply 1500 electric buses to Delhi Transport Corporation (DTC). Tata Motors Ltd. will supply, operate and maintain 12 meter long electric buses built on Starbus platform for a period of 12 years under the contract signed with DTC., In August 2022, Volvo Eicher joint venture VE Commercial vehicles Ltd. floated a separate subsidiary for electric buses named as VE Electro Mobility to raise capital from investores and pursue aggressive expansion in the electromobility space including electric buses., In January 2022 CRRC Electric, a Chinese manufacturer of electric buses delivered 30 units of C11 electric buses to Seoul, South Korea. These buses are 11 meters in length., In February 2022 Toyota, Isuzu and Hino (Toyota subsidiary) announced to launch their first jointly developed electric bus in Japan by 2024.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: Battery Electric Bus Segment to Play Prominent Role in the Market.

The global school bus market, valued at $48.03 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5.69% from 2025 to 2033. This expansion is fueled by several key factors. Increased government investments in improving school infrastructure and transportation, particularly in developing economies, are a major driver. Furthermore, rising student enrollment numbers globally necessitate a larger fleet of school buses, contributing significantly to market growth. A growing preference for safer and more technologically advanced buses, incorporating features like enhanced safety technologies and improved fuel efficiency, is also boosting demand. The shift towards electric and hybrid school buses, driven by environmental concerns and government regulations promoting sustainable transportation, is another notable trend reshaping the market landscape. However, the market faces challenges such as fluctuating fuel prices, the high initial cost of electric and hybrid models, and the need for robust charging infrastructure to support the wider adoption of electric school buses. Competition in the school bus market is intense, with key players such as Thomas Built Buses Inc., Collins Bus Corporation, IC Bus, Blue Bird Corporation, Lion Electric Company, Yutong Buses Co Ltd, Anhui Ankai Automobile, JCBL Limited, and Tata Motors vying for market share. These companies are strategically investing in research and development to innovate their product offerings and cater to evolving customer needs. Regional variations in market growth are anticipated, with North America and Europe likely to remain dominant markets due to established infrastructure and high levels of government support. However, emerging economies in Asia-Pacific and Latin America are expected to witness significant growth in the coming years, driven by increasing urbanization and rising disposable incomes. The overall market outlook remains positive, with opportunities for growth across various segments and geographic regions, albeit with potential challenges related to cost and infrastructure. Recent developments include: Dec 2023: GreenPower Motor Company announced its first orders for the Type A all-electric, purpose-built, zero-emission Nano BEAST school bus for the New York market through its dealer Leonard Bus Sales., Oct 2023: GreenPower, a West Virginia-based electric bus maker, unveiled the Mega BEAST, a ramped-up version of the BEAST (“Battery Electric Automotive School Transportation”), its Type D electric school bus that has a 140-mile range. The new model will be manufactured at GreenPower’s facilities in both California and South Charleston, West Virginia, beginning in 2024., Sept 2023: Phoenix Motor Inc. announced a contract order for ten all-electric, zero-emission Type-A school buses in the District of Columbia. The Phoenix Type-A School Buses will be built on a Ford E-450 chassis powered by Phoenix’s 150-mile range battery electric drive system and a Pegasus Orion school bus body.. Key drivers for this market are: Government Initiatives Worldwide Supporting Education Infrastructure are Propelling Growth. Potential restraints include: Government Initiatives Worldwide Supporting Education Infrastructure are Propelling Growth. Notable trends are: Growing Sales of Electric School Buses to Witness Growth in Coming Years.

Discover the booming luxury bus market! Explore market size, growth trends, key players (Volvo, Daimler, Yutong), and regional analysis (North America, Europe, Asia). Learn about the impact of tourism, technological advancements, and sustainability on this lucrative sector. Get the insights you need to succeed.

In 2024, China ranked first by revenue in the 'Bus Tickets' segment of the shared mobility market among the 9 countries presented in the ranking. China's revenue amounted to ************ U.S. dollars, while the United States and Germany, the second and third countries, had records amounting to ************ U.S. dollars and ************** U.S. dollars, respectively.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Bus Tickets.

The global bus manufacturing market, valued at $36.91 billion in 2025, is projected to grow at a CAGR of 1.7% until 2033. Explore market trends, segment analysis (diesel, electric, hybrid), key players (FAW, Volvo, etc.), and regional insights in this comprehensive report. Discover the impact of electric buses and alternative fuels on future growth.

Electric Bus Market size was valued USD 41.6 billion in 2022 and is expected to reach USD 672.4 billion in 2030, expanding at a CAGR a 41.6% till 2030

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Articulated Bus Market Size 2024-2028

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 market is witnessing significant growth due to several key factors. One of the primary reasons is the benefits that articulated buses offer over double-decker buses, including better maneuverability in tight city streets and increased passenger capacity. Another trend driving market growth is the increasing adoption of electric articulated buses, which contribute to reducing carbon emissions and improving air quality in urban areas. Design features include fuel-efficient propulsion systems, passenger-centric amenities, and emission regulations aimed at reducing greenhouse gas emissions and improving air quality. However, the inadequate bus infrastructure in many cities poses a challenge to the market's growth. Subsidies and incentives from governments and transit authorities help mitigate the financial risk for bus manufacturers, driving the market growth. Despite this, the market is expected to continue expanding as governments and transportation authorities invest in modernizing their public transportation systems. Overall, the market is an essential segment In the global public transportation industry, offering innovative solutions to address the growing demand for efficient and eco-friendly mass transit systems.

What will be the Size of the Articulated Bus Market During the Forecast Period?

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The market caters to the unique transportation needs of urban populations in dense areas, offering increased passenger capacity compared to conventional buses. These buses, also known as bendy buses or accordion buses, feature an articulated joint that allows them to maneuver effectively in crowded urban areas with limited road space. With a focus on low-floor designs and spacious interiors, articulated buses provide a more comfortable and accessible experience for passengers. Transit agencies in burgeoning cities increasingly turn to these buses to expand public transport options, addressing the challenges of rapid population growth and increasing road traffic. As the demand for eco-friendly and fuel-efficient bus transport solutions continues to rise, articulated buses, available in both single and double-decker configurations, offer a flexible and sustainable alternative to conventional buses.

How is this Articulated Bus Industry segmented and which is the largest segment?

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.

Fuel Type

  Diesel
  Electric and hybrid
  Others


Type

  Single-decker bus
  Double-decker bus


Geography

  Europe

    Germany
    France


  APAC

    China


  North America



  South America



  Middle East and Africa

By Fuel Type Insights

The diesel segment is estimated to witness significant growth during the forecast period.

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.

Regional Analysis

Europe is estimated to contribute 44% 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

The global school bus market is booming, projected to reach $8.65 billion by 2033, driven by electric vehicle adoption and increased student enrollment. Explore market trends, leading companies, and regional insights in this comprehensive analysis.