Market Overview:
The global airport bus market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for airport buses for transportation of passengers and baggage between terminals and aircrafts, rising number of air passengers, and growing investments in the aviation sector. Based on type, the electric type segment is expected to account for a larger share of the global airport bus market in 2018. This can be attributed to factors such as environmental concerns over emissions from traditional fuel-powered buses and government regulations mandating use of electric vehicles in certain regions. However, with technological advancements being made in the field of alternative fuels such as hydrogen fuel cells and compressed natural gas (CNG), the fuel type segment is projected to grow at a higher CAGR during the forecast period. Based on application, domestic airports are expected to account for a larger share ofthe global airport bus market than international airports duringthe forecast period owingto higher passenger traffic volumes at domestic airports as compared tomultinational or regional airports.
Product Definition:
An airport bus is a type of bus used to transport passengers between an airport and the city or town in which it is located. Airport buses are often large, coach-style vehicles that can accommodate a large number of passengers. They may also have luggage racks and storage areas for items such as coats and umbrellas.
Electric Type:
Electric type is one of the major segments in airport bus market. It's usage has been increasing owing to factors such as low operating cost, less noise and vibration, eco-friendly fuel used for propulsion and easy availability of parking space. The growth factor can be attributed to factors such as government initiatives towards green fuel technology, growing environmental awareness among consumers and technological advancements in electric vehicle sector.
The global electric type segment was valued at USD 5,500 million in 2015.
Fuel Type:
Fuel type is the most important factor in airport bus market. The fuel types used are diesel and gasoline. The demand for each of these fuel types varies depending on the region and country.
Application Insights:
The international airport application segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. The growth of this segment can be attributed to increasing air traffic across airports globally, including domestic and international airports. International air travelers prefer airport buses as they offer a cost-effective mode of transportation when compared with other forms of transport, such as rail or taxi.
Airport bus services are also preferred by business travelers who have a preference for comfort over travel time. These services allow passengers to connect directly from the bus terminal to various destinations at an airport without having to go through city streets or transfer stations along the way, thereby reducing travel time significantly while maintaining passenger convenience.
The domestic application segment is expected register significant growth during the forecast period owing to rising demand for affordable modes of transport that serve major cities and towns across countries within North America.
Regional Analysis:
North America dominated the market in 2017. The growth of the regional market can be attributed to increasing demand for airport buses from U.S., as a result of growing domestic air travel and favorable government policies regarding carbon emission reduction. Europe is expected to witness significant growth over the forecast period, owing to rising investments by companies in order to meet rising passenger demand and reduce airport congestion issues.
Asia Pacific is anticipated to register fastest CAGR over the forecast period due to rapid urbanization coupled with increasing population in countries such as China.
Growth Factors:
- Increasing demand for air travel: The number of passengers travelling by air is increasing every year. This is because of the increase in disposable income, globalization, and the rise in the number of people who are flying for leisure purposes.
- Development of new airports: A large number of new airports are being developed across the world to meet the rising demand for air travel. This is providing a boost to the airport bus market as well.
- Expansion of existing airports: Existing airports are also expanding their infrastructure in order to handle more passengers and flights. This is leading to an increase in demand for airport buses and other ground transportation services at these airports.
- Proliferation of low-cost carriers: The growth of low-cost carriers has led to a reduction in average ticket prices, making it affordable for more people to fly than ever before .This is benefiting the airport bus market as well as it offers an economical way to travel between an airport and city center or other destinations.. 5) Technological advancements: Airport buses are becoming increasingly hi-tech with features such as GPS navigation, Wi-Fi connectivity, etc., making them more attractive options for travellers
Scope Of The Report
Report Attributes
Report Details
Report Title
Airport Bus Market Research Report
By Type
Electric Type, Fuel Type
By Application
Domestic Airport, International Airport
By Companies
Cobus Industries, Zhengzhou YuTong Bus, CIMC Tianda, TAM, Weihai Guangtai, BYD, MAZ, BMC, Kiitokori
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Airport Bus Market Report Segments:
The global Airport Bus market is segmented on the basis of:
Types
Electric Type, Fuel Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Domestic Airport, International Airport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cobus Industries
- Zhengzhou YuTong Bus
- CIMC Tianda
- TAM
- Weihai Guangtai
- BYD
- MAZ
- BMC
- Kiitokori
Highlights of The Airport Bus Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Type
- Fuel Type
- By Application:
- Domestic Airport
- International Airport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Airport Bus Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Airport Bus is a bus service that connects passengers between the airport and various destinations in the surrounding area.
Some of the major companies in the airport bus market are Cobus Industries, Zhengzhou YuTong Bus, CIMC Tianda, TAM, Weihai Guangtai, BYD, MAZ, BMC, Kiitokori.
The airport bus market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Airport Bus Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Airport Bus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Airport Bus Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Airport Bus Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Airport Bus Market Size & Forecast, 2018-2028
4.5.1 Airport Bus Market Size and Y-o-Y Growth
4.5.2 Airport Bus Market Absolute $ Opportunity
Chapter 5 Global Airport Bus Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Airport Bus Market Size Forecast by Type
5.2.1 Electric Type
5.2.2 Fuel Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Airport Bus Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Airport Bus Market Size Forecast by Applications
6.2.1 Domestic Airport
6.2.2 International Airport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Airport Bus Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Airport Bus Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Airport Bus Analysis and Forecast
9.1 Introduction
9.2 North America Airport Bus Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Airport Bus Market Size Forecast by Type
9.6.1 Electric Type
9.6.2 Fuel Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Airport Bus Market Size Forecast by Applications
9.10.1 Domestic Airport
9.10.2 International Airport
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Airport Bus Analysis and Forecast
10.1 Introduction
10.2 Europe Airport Bus Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Airport Bus Market Size Forecast by Type
10.6.1 Electric Type
10.6.2 Fuel Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Airport Bus Market Size Forecast by Applications
10.10.1 Domestic Airport
10.10.2 International Airport
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Airport Bus Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Airport Bus Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Airport Bus Market Size Forecast by Type
11.6.1 Electric Type
11.6.2 Fuel Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Airport Bus Market Size Forecast by Applications
11.10.1 Domestic Airport
11.10.2 International Airport
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Airport Bus Analysis and Forecast
12.1 Introduction
12.2 Latin America Airport Bus Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Airport Bus Market Size Forecast by Type
12.6.1 Electric Type
12.6.2 Fuel Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Airport Bus Market Size Forecast by Applications
12.10.1 Domestic Airport
12.10.2 International Airport
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Airport Bus Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Airport Bus Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Airport Bus Market Size Forecast by Type
13.6.1 Electric Type
13.6.2 Fuel Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Airport Bus Market Size Forecast by Applications
13.10.1 Domestic Airport
13.10.2 International Airport
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Airport Bus Market: Competitive Dashboard
14.2 Global Airport Bus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cobus Industries
14.3.2 Zhengzhou YuTong Bus
14.3.3 CIMC Tianda
14.3.4 TAM
14.3.5 Weihai Guangtai
14.3.6 BYD
14.3.7 MAZ
14.3.8 BMC
14.3.9 Kiitokori
