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Articulated Buses Market Trends

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

Articulated Buses Market Trends

As cities prioritize sustainability, electrification of articulated buses is on the rise. Electric articulated buses offer zero-emission operation, reducing environmental impact and aligning with carbon reduction goals. This growth reflects a shift toward cleaner and more sustainable public transportation options in urban areas worldwide. For instance, in October 2023, the San Diego Metropolitan Transit System (MTS) initiated its debut all-electric bus route, Rapid Route 227, spanning the South Bay area. Representing a notable advancement, these new electric articulated buses mark the inaugural addition to MTS's fleet, offering over 600 additional service hours between the border and Imperial Beach compared to the existing Route 950.
 

Rapid advancements in autonomous vehicle technology are reshaping the articulated buses market. The integration of autonomous features enables enhanced safety, precision, and efficiency in urban transit systems. These buses can navigate routes autonomously, reducing the need for human intervention and optimizing traffic flow. Additionally, autonomous capabilities enhance accessibility, providing reliable transportation for individuals with mobility challenges. As autonomous technology matures and gains acceptance, it is poised to revolutionize the way articulated buses operate, offering innovative solutions to urban mobility challenges and shaping the future of public transportation.

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

Articulated Buses Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 400
  • Countries covered: 23
  • Pages: 260
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