Published on : Apr 26, 2017
Albany, New York, April 26, 2017: As cities become more crowded, cars are being set aside as the primary means of transportation. Now, in many countries across the world, articulated buses are replacing both cars and shorter buses on the road. According to the latest research report, the "Articulated" bus has been around for many years but is becoming popular with transit companies as a way to carry more passengers. Market Research Hub (MRH) has recently announced the inclusion of a new study to their wide offerings, which describes the growth scenario and market outlook of the articulated bus in the global market and titled as “Global Articulated Bus Market 2017-2021”. Currently, the articulated bus market is evolving and is witnessing a high adoption. As per the research key findings, the major highlight of the report is strong CAGR value of the market which is 20.12% and predicted to expand rapidly during the period 2017-2021.
Geographically, the research majorly focuses on some regions, including APAC, Americas and EMEA. Among these, EMEA accounted for the majority market share in 2016 and will continue to maintain its dominance for the next four years. One of the major factors responsible for growing rate of adoption of articulated buses in the European region is the presence of superior public transit systems. In addition, developed regions like Europe and North America are witnessing the adoption of articulated buses owing to the increasing demand for high passenger capacity and emission control measures. Also, articulated buses are gaining traction in the developing countries like India and China.
An articulated bus is a bus with one or more trailers, used for public transport. It is more common for city buses and regional transit buses to be extended by articulation. Articulated buses stand out from regular buses because they have three axles, they are really a shorter bus with a trailer and the distinctive "accordion" bellows-like joint that allows the passengers to move freely from front to rear. Articulated buses are powered by a diesel-electric hybrid motor with a large battery. The improved battery technology along with declining prices of Li-ion batteries which are used in the articulated buses will drive the growth prospects for the global articulated bus market until the end of 2021. In the first section, the report presents the key highlights of the market by describing the current trends, drivers and opportunities present in the market. Moreover, to calculate the market size, the report considers the revenue generated from the sales of the articulated bus.
Moreover, the market landscape section covers the details of market size and growth trends until 2021. Five forces analysis and value chain analysis have also been included. The analysts have also found that the growing popularity of articulated bus over conventional bus will drive the growth prospects for the global articulated bus market for the next four years. One of the major factors responsible for the growing popularity of bus transit is its cost-effectiveness that provides urban transportation needs such as comfort, reliability, accessibility and ease of use.
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The next section of the report highlights the competitive landscape, which includes the details of key vendors. Major vendors profiled in the report are Daimler, Solaris Bus & Coach, MAN and Volvo.
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