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Articulated Buses Market Share

Report ID: GMI9270
Published Date: Apr 2024
Report Format: PDF

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Articulated Buses Market Share

Mercedes-Benz and Volvo hold a significant market share of over 45% in the articulated buses industry. Volvo stands out as a prominent player, renowned for its innovative designs and advanced technology. Competitors, such as Mercedes-Benz, MAN, and Solaris, also strive for market share, offering a range of articulated buses with varying features and specifications. New entrants including BYD and Proterra are challenging traditional players with their electric-powered articulated buses, intensifying competition, and driving innovation in the sector.

Manufacturers compete for dominance by focusing on innovation, reliability, and sustainability. Each player focuses on differentiating itself through unique design features, fuel-efficient propulsion systems, and passenger-centric amenities. Market leaders leverage their extensive experience and global presence to secure lucrative contracts with transit agencies worldwide. Emerging players aim to disrupt the market with cutting-edge technologies, challenging established norms and reshaping the future of urban transportation.

Articulated Buses Market Companies

Major companies operating in the articulated buses industry are:

Alexander Dennis
Gillig
King Long
MAN
Mercedes-Benz
New Flyer
Scania
Solaris
Volvo
Yutong

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of articulated buses reached USD 18.8 billion in 2023 and is set to grow at 8% CAGR between 2024 and 2032, led by growing urban population worldwide.

The intracity segment held a 73% share of the articulated buses industry in 2023, owing to the shift in propulsion technology, with a continued reliance on ICE vehicles.

Asia Pacific market held 34% share in 2023, attributed to the rapid expansion and modernization of urban transit systems.

Alexander Dennis, Gillig, King Long, MAN, Mercedes-Benz, New Flyer, Scania, Solaris, Volvo and Yutong