Articulated Buses Market Size

Articulated Buses Market Size

Articulated Buses Market size was valued at USD 18.8 billion in 2023 and is estimated to register a CAGR of over 8% between 2024 and 2032. With urban populations increasing globally, the demand for efficient transit solutions escalates. Articulated buses offer a practical solution to this challenge by maximizing passenger capacity within existing infrastructure. Their ability to navigate dense urban areas meets the pressing need for reliable & sustainable public transportation options in burgeoning cities.

For instance, in March 2024, the first test runs of an electric double-articulated bus equipped with an Alstom floor-based conductive charging system were conducted in the French region of Île-de-France. Île-de-France Mobilités, the public transportation authority, intended to purchase a complete fleet of electric buses measuring 24 meters in length.

Subsidies and incentives play a pivotal role in propelling the adoption of articulated buses. Government schemes alleviate financial burdens for transit agencies, making investment in articulated buses more attractive. By providing subsidies for procurement or operational expenses and offering incentives, such as tax breaks or grants, governments stimulate the expansion of articulated bus fleets. These measures lower the upfront costs and reduce the overall financial risk associated with shifting to articulated buses, encouraging transit agencies to embrace these vehicles as a viable solution to urban transportation challenges and fostering sustainable mobility initiatives.
 

Higher maintenance expenses resulting from the intricate design of articulated buses pose a significant challenge for transit agencies. The complexity of these vehicles, with their articulated joints and extended length, translates into increased maintenance requirements and costs. Maintenance teams must contend with specialized components and systems, necessitating advanced training and specialized equipment. Additionally, the wear & tear on articulated buses can be more pronounced compared to conventional buses, leading to more frequent repairs and downtime. These elevated maintenance costs strain operating budgets and can undermine the cost-effectiveness of articulated buses as a transit solution.