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Airport Shuttle Bus Market Share

Report ID: GMI9280
Published Date: Apr 2024
Report Format: PDF

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Airport Shuttle Bus Market Share

Yutong and Traton held significant market share of over 20% market share in 2023. These companies are investing in developing shuttle buses tailored to the unique needs of airport transportation. Features like spacious interiors, efficient luggage storage, and accessibility options are being prioritized. Moreover, technological advancements such as real-time tracking systems and digital payment solutions are enhancing the passenger experience. As a result, the demand for shuttle buses from companies specializing in airport transportation is steadily rising, driving growth in the market.

Companies like Traton and Yutong are focusing on innovation, customization, and addressing evolving customer needs to stay competitive in the airport shuttle bus industry. They are investing in developing electric and alternative fuel vehicles, improving passenger amenities, and offering flexible leasing/financing options to cater to the demands of airport operators and enhance sustainability efforts.

Airport Shuttle Bus Market Companies

Major companies operating in the airport shuttle bus industry are:

BYD Company Limited
MAN Truck & Bus
Mercedes-Benz (Daimler AG)
New Flyer Industries Inc.
Nova Bus (Volvo Group)
Proterra Inc.
Traton
Temsa Global Sanayi Ve Ticaret A.?.
Volvo Group
Yutong Group
Zhongtong Bus Holding Co., Ltd.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of airport shuttle bus reached USD 13.9 billion in 2023 and will grow at over 7% CAGR between 2024 and 2032, led by rising adoption of shuttle services.

The diesel fuel segment held over 85% of the airport shuttle bus industry share in 2023, due to its efficiency and cost-effectiveness.

Asia Pacific airport shuttle bus market held over 60% revenue share in 2023, driven by rapid urbanization, economic growth, and increasing air travel.

BYD Company Limited, MAN Truck & Bus, Mercedes-Benz (Daimler AG), New Flyer Industries Inc., Nova Bus (Volvo Group), Proterra Inc., and Traton among others.