Airport Bus Market Share, Size, Trends, Industry Analysis Report, By Type (Electric and Fuel); By Sales Channel; By Application; By Region; Segment Forecast, 2023- 2032
- Published Date:Jul-2023
- Pages: 112
- Format: PDF
- Report ID: PM3623
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global Airport Bus market was valued at USD 689.85 million in 2022 and is expected to grow at a CAGR of 9.4% during the forecast period. The airport bus, often called an airport shuttle, is frequently employed in airports to transfer patrons inside the building or to and from it. It typically features convenient seats, ample storage, temperature control, and a restroom to improve the experience of flying passengers after a long and exhausting journey. It is typically painted in vibrant colors to stand out among other airport vehicles.
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Passengers are transported from the arrival or departure gate at the airport terminal to the aircraft using an airside transfer bus or an apron bus when airports don't employ jet bridges, have too few of them, need to make long-distance transfers, or do so for safety reasons. It has a significantly higher luggage capacity and affordable maintenance expenses than other public transit systems. To enhance the passenger experience, airline firms worldwide are streamlining the entire boarding procedure.
Additionally, more people travel by air due to the airlines' consistency, promptness, and emergency services. The market is expanding due to this and the declining number of airplane airport boarding bridges. An average aerobridge lasts 15 to 20 years before being replaced. New PBB installation relies heavily on upcoming renovation and development projects at airports. Instead of renovating the current ones, buying and installing new PBBs is more expensive. Therefore, the adoption of airport buses increases due to their easy installation capability.
In addition, several highly qualified and properly trained drivers are readily available to guarantee a safe journey for passengers. Investors in the sector are being presented with lucrative growth prospects due to the automobile industry's rapid technological advancements. Aside from this, the industry is expanding due to the increased consumer demand for luxury airport buses.
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Industry Dynamics
Growth Drivers
The market is being positively impacted by building new airports for the economic development of towns, nations, and regions by offering services to airlines, moving passengers, and conveying cargo.
According to the most recent assessment by the Airports Council International, 57% of the 300 planned airports worldwide are being built in the Asia-Pacific region, maintaining its status as a region with significant potential for aviation. According to the ACI Asia-Pacific's Airport Industry Outlook, there are almost 300 new greenfield airports planned worldwide, with South Asia accounting for 18% of those and Southeast Asia for 17%. Additionally, greenfield airports are anticipated to be crucial to the global goal of net zero emissions by 2050.
Increasing investments by the government for the maintenance of airport and airport facilities. For instance, in May 2023, with a project cost of Rs. 353 Crore, the Airports Authority of India (AAI) is actively working towards the comprehensive development of the airport in Surat, Gujarat. The financial center of Gujarat and India's center for the diamond and textile industries, Surat, draws many travelers by air. The development plan by AAI calls for increasing the size of the terminal building from 8474 square meters to 25520. Along with the terminal building's expansion, work is also being done to build a parallel taxi track (2905 m X 23 m) and increase the apron's parking spaces from five to 18. Since the government plans to develop airports, as well as its rapid investment in the infrastructure, it is increasing the demand for airport buses, driving the Airport Bus market growth over the forecast period.
Report Segmentation
The market is primarily segmented based on type, sales channel, application, and region.
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By Type |
By Sales Channel |
By Application |
By Region |
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The Electric Airport bus segment is expected to witness the fastest growth during forecast period
The electric airport bus segment is growing with the fastest CAGR. This demand is increasing due to the global zero-emission target by various nations that are fulfilled by the electric airport bus. Compared to fuel buses, electric buses are more demanding, cost-effective, and have higher levels of efficiency. When comparing electricity and diesel, significant fuel savings can be gained. Additionally, the buses require less maintenance and have fewer moving parts. The low floor of the electric airport shuttle allows for simple wheelchair and pram access. There are multiple smart and secure access points to keep weary tourists safe. The airport bus has an Electronically Controlled Air Suspension (ECAS) for a smooth and fast trip. These are the driving forces behind the segment’s expansion in the coming years.
The domestic airport sector is expected to hold the significant revenue share in upcoming years
The domestic airport sector holds a significant share due to the huge population traveling by air transport in developing countries. An airport solely handles domestic flights within the same nation is called a domestic airport. Domestic airports cannot operate flights to or from a foreign airport because they lack infrastructure for customs and immigration. These airports frequently have short runways adequate for short- or medium-haul flights and local air traffic.
Also, metal detectors and security checks are employed in most nations; however, they were frequently installed decades after international aviation security checks had become the norm. To handle and manage this huge domestic flight traffic, the government is adopting airport buses so that people tend to travel from the airport area to the flight area. Furthermore, several airports designated as "international" are domestic airports that occasionally handle foreign traffic. The domestic airport in the United Kingdom is Wick Airport, which offers frequent service to other airports in Scotland. These are the factors that are driving the segmental growth over the forecast period.
The demand in Asia-Pacific is expected to witness significant growth during forecast period
During the projection period, it is anticipated that increasing government and private organization investments in airport expansion and city connectivity will improve the Asia-Pacific market. Numerous manufacturers have been drawn to develop various airport buses due to the availability of a sizable consumer base and manufacturing facilities throughout the Asia Pacific, which is anticipated to enhance the regional market shortly. Government funding is also going towards creating buses with zero emissions for use in airports and other places. Additionally, the number of airports and other transportation services is expanding due to rising travel times for consumers and increasing populations in developed and emerging nations, which is anticipated to boost the airport shuttle bus market throughout the projected period.
Moreover, it is anticipated that increasing the electrification of automobiles in developed and emerging countries due to the government's implementation of vehicle emission standards will increase demand for electric airport shuttle buses. In November 2022, the first 100% AC tarmac coaches for passenger transport in India were introduced by Celebi India, furthering the country's aviation ministry's goal to decarbonize the aviation sector by 2030. ECO-LIFE is an aesthetically pleasing tarmac coach for air travelers that is a Made in India enabling Zero Emission Vehicle. These buses run on extremely effective PSPM electric motors that provide passengers with a smooth and silent ride and are powered by quick plug-in lithium-ion batteries.
Airport buses are becoming increasingly popular in North America and Europe due to more public transportation awareness and free airport transportation provided by service providers. Additionally, the market is being stimulated by the implementation of strict rules for promoting or advancing public transport services and creating transport services that would be used in smart cities in these regions. The European Union has focused on producing new cars, particularly electric vehicles (EVs), which has helped cut Europe's carbon dioxide levels by about 25%. The market is anticipated to grow greatly shortly due to such government initiatives.
Competitive Insight
Some of the major players operating in the global market include AB Volvo, ARBOC Specialty Vehicles, BYD Company, CNH Industrial, COBUS Industries, Daimler AG, Grech Motors, Isuzu Motors, KIITOKORI OY, Mallaghan, Proterra, Scania AB, Solaris Bus & Coach, Toyota Motor, TAM-Europe., Volkswagen, Weihai Guangtai Airport Equipment, and Yutong Bus.
Recent Developments
- In December 2021, Mallaghan introduced a new electric airport bus. ABM Aviation has already successfully tested the all-electric Arbus. The all-electric Arbus can be easily charged at airports using the already-existing infrastructure. The bus can be used at smaller regional airports or important hubs because of the flexible battery capacity.
Airport Bus Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 753.66 million |
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Revenue Forecast in 2032 |
USD 1,698.70 million |
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CAGR |
9.4% from 2022 – 2030 |
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Base year |
2021 |
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Historical data |
2018 – 2020 |
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Forecast period |
2022 – 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments Covered |
By Type, By Sales Channel, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
AB Volvo, ARBOC Specialty Vehicles LLC, BYD Company Ltd., CNH Industrial N.V., COBUS Industries GmbH, Daimler AG, Grech Motors, Isuzu Motors Ltd., KIITOKORI OY, Mallaghan, Proterra Inc., Scania AB, Solaris Bus & Coach sp. z o.o., Toyota Motor Corporation, TAM-Europe., Volkswagen AG, Weihai Guangtai Airport Equipment Co. Ltd., and Yutong Bus Co. Ltd. |
FAQ's
key companies in Airport Bus Market are AB Volvo, ARBOC Specialty Vehicles, BYD Company, CNH Industrial, COBUS Industries, Daimler AG.
The global Airport Bus market expected to grow at a CAGR of 9.4% during the forecast period.
The Airport Bus Market report covering key are type, sales channel, application, and region.
key driving factors in Airport Bus Market are Increase in building new airports for the economic development.
The global airport bus market size is expected to reach USD 1,698.70 million by 2032.
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