Articulated Buses Market Research Report - By Propulsion Type (Diesel, Hybrid, Electric, Hydrogen Fuel Cell), By Length (Less than 16 meters, 16-18 meters, 18-20 meters, Over 20 meters), By Passenger Capacity (Less than 100, 100-120, 120-150, Over 150), By Application (Urban Transit, Intercity Transit, Airport Shuttle, Tourism), By Manufacturer (Volvo Buses, Mercedes-Benz Buses, Scania, MAN Truck & Bus, Iveco) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Articulated Buses Market Overview:

As per MRFR analysis, the Articulated Buses Market Size was estimated at 20.05 (USD Billion) in 2022. The Articulated Buses Market Industry is expected to grow from 20.92(USD Billion) in 2023 to 30.71 (USD Billion) by 2032. The Articulated Buses Market CAGR (growth rate) is expected to be around 4.36% during the forecast period (2024 - 2032).

Key Articulated Buses Market Trends Highlighted

The articulated bus market is characterized by several key trends, including a growing focus on sustainable transportation, increasing urbanization, and technological advancements.

The rise of eco-friendly initiatives and government regulations is driving demand for electric and hybrid articulated buses, as they offer reduced emissions and lower operating costs. Rapid urbanization, particularly in emerging economies, is also fueling the need for high-capacity transportation solutions, making articulated buses an attractive option.

Furthermore, advancements in technology, such as improved battery systems and autonomous driving features, are enhancing the efficiency and convenience of articulated buses. These trends are expected to shape the future of the articulated bus market, creating opportunities for manufacturers to cater to the evolving needs of cities and transit agencies around the world.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Articulated Buses Market Drivers

Rising Urbanization and Traffic Congestion

The increasing concentration of population in urban areas has led to a surge in demand for efficient and sustainable transportation solutions. Articulated buses offer a larger passenger capacity compared to standard buses, making them ideal for accommodating the growing number of commuters in densely populated cities. Furthermore, the escalating traffic congestion in urban centers has prompted transportation authorities to seek innovative ways to optimize passenger flow and reduce travel times.Articulated buses, with their maneuverability and extended length, can navigate congested roads more effectively, enhancing overall traffic management and reducing commuting time for passengers.

Government Initiatives and Environmental Regulations

Governments worldwide are actively implementing initiatives to promote sustainable transportation practices and reduce carbon emissions. Articulated buses powered by alternative fuel sources such as electricity or hybrid systems align with these initiatives by offering eco-friendly and energy-efficient transportation solutions. Moreover, stringent environmental regulations aimed at curbing air pollution and promoting green technologies have created a favorable landscape for the adoption of articulated buses as they contribute to cleaner and more sustainable urban environments.

Technological Advancements and Passenger Comfort

Rapid technological advancements are shaping the Articulated Buses Market Industry, leading to the development of buses with enhanced features and improved passenger experience. These advancements include the integration of advanced safety systems, such as collision avoidance and lane departure warning systems, ensuring a safer and more secure ride for passengers. Additionally, the focus on passenger comfort has driven the incorporation of amenities such as ergonomic seating, air conditioning, and Wi-Fi connectivity, providing a comfortable and convenient travel experience.

Articulated Buses Market Segment Insights:

Articulated Buses Market Propulsion Type Insights

The Articulated Buses Market is segmented based on Propulsion Type into Diesel, Hybrid, Electric, and Hydrogen Fuel Cell. In 2023, the Diesel segment held the largest market share, accounting for over 60% of the Articulated Buses Market revenue. The Diesel segment is expected to maintain its dominance throughout the forecast period, owing to its lower operating costs and higher fuel efficiency compared to other propulsion types. The Hybrid segment is projected to witness significant growth during the forecast period, driven by increasing government regulations promoting the adoption of eco-friendly vehicles.Hybrid buses offer reduced emissions and improved fuel economy compared to diesel buses, making them an attractive option for urban transportation. The Electric segment is expected to gain traction in the coming years, supported by government incentives and advancements in battery technology. Electric buses offer zero emissions and lower operating costs compared to diesel buses, making them a sustainable and cost-effective alternative. The Hydrogen Fuel Cell segment is still in its early stages of development but has the potential to revolutionize the Articulated Buses Market.Hydrogen fuel cell buses offer zero emissions and extended range compared to electric buses, making them suitable for long-distance and heavy-duty applications. Overall, the Articulated Buses Market is expected to witness steady growth in the coming years, driven by increasing urbanization, rising demand for public transportation, and growing environmental concerns. The adoption of advanced propulsion technologies such as hybrid, electric, and hydrogen fuel cells is expected to shape the future of the Articulated Buses Market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Articulated Buses Market Length Insights

The Articulated Buses Market is segmented by Length into 'Less than 16 meters', '16-18 meters', '18-20 meters', and 'Over 20 meters'. In 2023, the '16-18 meters' segment held the largest market share, accounting for around 40% of the Articulated Buses Market revenue. This is due to the increasing demand for high-capacity buses that can accommodate more passengers. The 'Less than 16 meters' segment is expected to grow at a significant rate during the forecast period, owing to the rising demand for smaller and more maneuverable buses in urban areas.The '18-20 meters' segment is also expected to witness significant growth, driven by the growing popularity of double-decker buses in major cities. The 'Over 20 meters' segment is expected to have a relatively smaller market share, but it is expected to grow at a steady pace, driven by the increasing demand for high-capacity buses for intercity travel.

Articulated Buses Market Passenger Capacity Insights

The Articulated Buses Market is segmented by Passenger Capacity into 'Less than 100', '100-120', '120-150', and 'Over 150'. Among these segments, the '100-120' passenger capacity segment is expected to register the highest growth rate during the forecast period. The 'Over 150' passenger capacity segment is expected to account for the largest revenue share in 2024. The increasing demand for high-capacity buses, particularly in emerging markets, is driving the growth of this segment. Rapid urbanization and the growing need for efficient public transportation systems are also contributing to the growth of this segment.

Articulated Buses Market Application Insights

The Articulated Buses Market is segmented based on application into Urban Transit, Intercity Transit, Airport Shuttle, and Tourism. Among these, the Urban Transit segment held the largest market share in 2023 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to the increasing urbanization and the need for efficient and cost-effective public transportation systems in cities.

The Intercity Transit segment is also expected to witness significant growth over the forecast period, driven by the rising demand for comfortable and convenient intercity travel options. Airport Shuttle and Tourism segments are also expected to contribute to the growth of the overall Articulated Buses Market. The increasing number of air travelers and the growing popularity of group tours are expected to drive the demand for articulated buses in these segments.

Articulated Buses Market Manufacturer Insights

The Manufacturer segment of the Articulated Buses Market holds significant importance, with key players driving market growth. Volvo Buses, Mercedes-Benz Buses, Scania, MAN Truck  Bus, and Iveco are prominent manufacturers in this segment. These companies offer a wide range of articulated buses catering to diverse customer requirements, including public transportation, tourism, and employee transportation. The growing demand for efficient and environmentally friendly transportation solutions is fueling the growth of the articulated buses market. The increasing adoption of articulated buses by transit authorities and private operators is expected to drive market expansion in the coming years.

Articulated Buses Market Regional Insights

The regional segmentation of the Articulated Buses Market offers insights into diverse market dynamics across key regions. North America holds a significant market share due to the presence of established players and the high adoption of articulated buses in urban transportation systems. Europe follows closely, driven by increasing government initiatives promoting sustainable public transport. The APAC region is projected to witness substantial growth over the forecast period, fueled by rapid urbanization and infrastructure development in emerging economies like China and India.South America and MEA exhibit moderate growth potential, with opportunities arising from expanding public transportation networks and the need for efficient commuting solutions. These regional insights are crucial for market participants to identify potential growth areas and tailor their strategies accordingly.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Articulated Buses Market Key Players And Competitive Insights:

Major players in the Articulated Buses Market industry are constantly engaged in research and development activities to develop new and innovative products. Leading Articulated Buses Market players are adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market presence and gain a competitive edge.

The Articulated Buses Market is highly competitive, with a large number of players operating in the market. Some of the key players in the Articulated Buses Market include Volvo, Daimler AG, Scania, MAN Truck  Bus, and BYD. These players are continuously investing in research and development to develop new and innovative products and technologies. They are also expanding their production capacities and geographical reach to meet the growing demand for articulated buses worldwide. New product launches, partnerships, and acquisitions are some of the key strategies adopted by the players in the Articulated Buses Market to gain a competitive edge. Key players in the Articulated Buses Market are focusing on developing electric and hybrid articulated buses to meet the growing demand for sustainable transportation solutions.

Daimler AG is a leading manufacturer of commercial vehicles, including articulated buses. The company has a strong presence and a wide product portfolio. Daimler AG's articulated buses are known for their high quality, reliability, and durability. The company has a strong focus on research and development, and it is constantly investing in new technologies to improve the performance and efficiency of its products. Daimler AG has a number of strategic partnerships with other companies, including Volvo and BYD, to develop and produce electric and hybrid articulated buses.

MAN Truck  Bus is another leading manufacturer of commercial vehicles, including articulated buses. The company has a strong presence in Europe and Asia, and it is expanding its operations in other regions. MAN Truck  Bus's articulated buses are known for their fuel efficiency, safety, and comfort. The company has a strong focus on sustainability, and it is committed to reducing the environmental impact of its products. MAN Truck  Bus is actively involved in research and development to develop new technologies for electric and hybrid articulated buses.

Key Companies in the Articulated Buses Market Include:

• Yutong


• Irizar


• Higer


• Neoplan


• Iveco Bus


• Solaris Bus Coach


• MAN


• MercedesBenz Trucks


• Volvo Buses


• Van Hool


• VDL Bus Coach


• Daimler Truck


• Zhongtong


• Scania


• Alexander Dennis

Articulated Buses Market Industry Developments

The articulated buses market is projected to reach USD 30.71 billion by 2032, exhibiting a CAGR of 4.36% during the forecast period (2024-2032). Rising urbanization, increasing demand for efficient public transportation systems, and growing environmental concerns are driving market growth. Major players in the market include Daimler AG, Volvo Group, Scania AB, and MAN Truck  Bus AG. Recent developments include the launch of electric articulated buses by BYD and Solaris, and the increasing adoption of advanced technologies such as GPS tracking and passenger information systems. Government initiatives promoting sustainable transportation are also contributing to market growth.

Articulated Buses Market Segmentation Insights

• Articulated Buses Market Propulsion Type Outlook
  
  
  
  • Diesel
  
  
  • Hybrid
  
  
  • Electric
  
  
  • Hydrogen Fuel Cell
  
  
  
  

• Articulated Buses Market Length Outlook
  
  
  
  • Less than 16 meters
  
  
  • 16-18 meters
  
  
  • 18-20 meters
  
  
  • Over 20 meters
  
  
  
  

• Articulated Buses Market Passenger Capacity Outlook
  
  
  
  • Less than 100
  
  
  • 100-120
  
  
  • 120-150
  
  
  • Over 150
  
  
  
  

• Articulated Buses Market Application Outlook
  
  
  
  • Urban Transit
  
  
  • Intercity Transit
  
  
  • Airport Shuttle
  
  
  • Tourism
  
  
  
  

• Articulated Buses Market Manufacturer Outlook
  
  
  
  • Volvo Buses
  
  
  • Mercedes-Benz Buses
  
  
  • Scania
  
  
  • MAN Truck Bus  
  
  
  • Iveco
  
  
  
  

• Articulated Buses Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa