Product Code: IRTNTR75999
The articulated bus market is forecasted to grow by USD 1881.9 mn during 2023-2028, accelerating at a CAGR of 5.68% during the forecast period. The report on the articulated bus market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by benefits of articulated buses over double decker buses, growing urbanization globally, and increasing focus on sustainable transportation.
Technavio's articulated bus market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.29% |
CAGR | 5.68% |
Incremental Value | $1881.9 mn |
By Fuel Type
- Diesel
- Electric and hybrid
- Others
By Type
- Single-decker bus
- Double-decker bus
By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the rising adoption of electric articulated buses as one of the prime reasons driving the articulated bus market growth during the next few years. Also, increasing incorporation of autonomous technology in articulated buses and growing government focus globally to control traffic will lead to sizable demand in the market.
The report on the articulated bus market covers the following areas:
- Articulated bus market sizing
- Articulated bus market forecast
- Articulated bus market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading articulated bus market vendors that include AB Volvo, BYD Co. Ltd., CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A., IRIZAR SOCIEDAD COOPERATIVA, Iveco Group N.V, Koc Holding AS, Mercedes Benz Group AG, Tata Motors Ltd., Van Hool NV, and Volkswagen AG. Also, the articulated bus market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Fuel Type
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Articulated Bus Market 2018 - 2022
- Historic Market Size - Data Table on Global Articulated Bus Market 2018 - 2022 ($ million)
- 4.2 Fuel Type segment analysis 2018 - 2022
- Historic Market Size - Fuel Type Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Fuel Type
- 6.1 Market segments
- Chart on Fuel Type - Market share 2023-2028 (%)
- Data Table on Fuel Type - Market share 2023-2028 (%)
- 6.2 Comparison by Fuel Type
- Chart on Comparison by Fuel Type
- Data Table on Comparison by Fuel Type
- 6.3 Diesel - Market size and forecast 2023-2028
- Chart on Diesel - Market size and forecast 2023-2028 ($ million)
- Data Table on Diesel - Market size and forecast 2023-2028 ($ million)
- Chart on Diesel - Year-over-year growth 2023-2028 (%)
- Data Table on Diesel - Year-over-year growth 2023-2028 (%)
- 6.4 Electric and hybrid - Market size and forecast 2023-2028
- Chart on Electric and hybrid - Market size and forecast 2023-2028 ($ million)
- Data Table on Electric and hybrid - Market size and forecast 2023-2028 ($ million)
- Chart on Electric and hybrid - Year-over-year growth 2023-2028 (%)
- Data Table on Electric and hybrid - Year-over-year growth 2023-2028 (%)
- 6.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Fuel Type
- Market opportunity by Fuel Type ($ million)
- Data Table on Market opportunity by Fuel Type ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Single-decker bus - Market size and forecast 2023-2028
- Chart on Single-decker bus - Market size and forecast 2023-2028 ($ million)
- Data Table on Single-decker bus - Market size and forecast 2023-2028 ($ million)
- Chart on Single-decker bus - Year-over-year growth 2023-2028 (%)
- Data Table on Single-decker bus - Year-over-year growth 2023-2028 (%)
- 7.4 Double-decker bus - Market size and forecast 2023-2028
- Chart on Double-decker bus - Market size and forecast 2023-2028 ($ million)
- Data Table on Double-decker bus - Market size and forecast 2023-2028 ($ million)
- Chart on Double-decker bus - Year-over-year growth 2023-2028 (%)
- Data Table on Double-decker bus - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.10 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.11 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.12 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 AB Volvo
- AB Volvo - Overview
- AB Volvo - Business segments
- AB Volvo - Key news
- AB Volvo - Key offerings
- AB Volvo - Segment focus
- 12.4 BYD Co. Ltd.
- BYD Co. Ltd. - Overview
- BYD Co. Ltd. - Business segments
- BYD Co. Ltd. - Key news
- BYD Co. Ltd. - Key offerings
- BYD Co. Ltd. - Segment focus
- 12.5 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A.
- CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Overview
- CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Product / Service
- CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES S.A. - Key offerings
- 12.6 IRIZAR SOCIEDAD COOPERATIVA
- IRIZAR SOCIEDAD COOPERATIVA - Overview
- IRIZAR SOCIEDAD COOPERATIVA - Product / Service
- IRIZAR SOCIEDAD COOPERATIVA - Key offerings
- 12.7 Iveco Group N.V
- Iveco Group N.V - Overview
- Iveco Group N.V - Business segments
- Iveco Group N.V - Key offerings
- Iveco Group N.V - Segment focus
- 12.8 Koc Holding AS
- Koc Holding AS - Overview
- Koc Holding AS - Business segments
- Koc Holding AS - Key offerings
- Koc Holding AS - Segment focus
- 12.9 Mercedes Benz Group AG
- Mercedes Benz Group AG - Overview
- Mercedes Benz Group AG - Product / Service
- Mercedes Benz Group AG - Key offerings
- 12.10 Tata Motors Ltd.
- Tata Motors Ltd. - Overview
- Tata Motors Ltd. - Business segments
- Tata Motors Ltd. - Key news
- Tata Motors Ltd. - Key offerings
- Tata Motors Ltd. - Segment focus
- 12.11 Van Hool NV
- Van Hool NV - Overview
- Van Hool NV - Product / Service
- Van Hool NV - Key offerings
- 12.12 Volkswagen AG
- Volkswagen AG - Overview
- Volkswagen AG - Business segments
- Volkswagen AG - Key news
- Volkswagen AG - Key offerings
- Volkswagen AG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations