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The airport shuttle bus industry is experiencing a significant trend due to the integration of shuttle services with rising metro systems. As more cities expand their metro networks, airports are increasingly integrating shuttle bus services with metro stations to provide seamless connectivity for travelers. This integration allows passengers to easily transition between airport shuttle buses and metro lines, providing a convenient and efficient mode of transportation.
By leveraging metro infrastructure, shuttle buses can access a wider network of passengers, enhancing accessibility to and from airports. Additionally, this trend promotes sustainable travel options, reducing the reliance on private vehicles and mitigating traffic congestion. As a result, the integration of shuttle services with metro systems could continue shaping the airport shuttle bus industry, catering to the evolving needs of travelers and promoting efficient urban mobility. For instance, in February 2024, Nagpur Metro launched a shared auto-rickshaw service and an airport shuttle bus to offer commuters more convenient and accessible transportation choices.
The diesel fuel segment held over 85% of the airport shuttle bus industry share in 2023, due to its efficiency and cost-effectiveness.
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.
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.