Currently, the articulated bus market is in the growth stage and is witnessing a high adoption. Developed regions like Europe and North America are witnessing the adoption of articulated buses owing to the growing demand for high passenger capacity and emission control measures. In addition, articulated buses are gaining traction in emerging markets like India and China. The push for environmental-friendly vehicles led to the development of hybrid and all-electric articulated buses. These buses are witnessing a higher adoption in Europe and China.
Technavio’s analysts forecast the global articulated bus market to grow at a CAGR of 20.12% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global articulated bus market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of articulated bus.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Articulated Bus Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Daimler - MAN - Solaris Bus & Coach - Volvo
Other prominent vendors - Ashok Leyland - BYD - New Flyer - Otokar - Scania - Tata Motors
Market driver - Improved battery technology along with declining prices of Li-ion batteries is leading to adoption of electric buses - For a full, detailed list, view our report
Market challenge - Rising cost pressure on the automotive OEMs - For a full, detailed list, view our report
Market trend - Growing popularity of articulated bus over conventional bus - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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