Apron Bus Market to record USD 233.23 Mn growth — North America to occupy 40% market share – QNT Press Release

[ad_1]

NEW YORK, Sept. 12, 2022 /PRNewswire/ — The “Apron Bus Market by Type and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the apron bus market between 2021 and 2026 is USD 233.23 million and the growth momentum is expected to accelerate at a CAGR of 10.08% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download PDF Sample Report

• Market Driver
• Market Challenges

The faster boarding process and high spending by the aviation industry to enhance the overall passenger experience are some of the key market drivers. However, factors such as passenger boarding bridging a better alternative will challenge market growth. Learn about additional key drivers, trends, and challenges available with Technavio. Request Sample Report Here

The apron bus market report is segmented by type (diesel and electric) and geography (North America, EuropeAPAC, South Americaand the Middle East and Africa).

The diesel segment accounted for a large share of the global apron bus market in 2021. The increasing adoption of advanced technologies and systems to reduce carbon emissions at airports is driving the growth of the segment. Rapid technological advancements in the automotive industry and the growing popularity of luxury airport buses among individuals are also driving the growth of the segment.

North America will be the leading region, occupying 40% of the market’s growth during the forecast period. The high volume of luxury buses and increasing preference for luxury shuttles over vans are driving the growth of the regional market. In addition, the presence of leading producers is contributing to the growth of the apron bus market in North America.

The apron bus market is fragmented. The market is dominated by a few established companies. The market is very competitive, as players eagerly await new deals from airlines and airports. In addition, the construction of new airports and the replacement of old buses will provide new opportunities for the players during the forecast period. Bus manufacturers, to obtain new contracts, expand their product portfolios by introducing new buses with advanced features. Globally, as airlines look to reduce their carbon footprint, bus manufacturers are also turning to electric runway buses with more space for passengers and luggage. The global apron bus market is expected to boost during the forecast period owing to high investment by vendors.

Technavio identifies the following as the key players in the market.

• BMC
• BYD Co. Ltd
• China International Marine Containers Group Ltd.
• China Leyuan Airspace Investment Manufacturing Ltd.
• COBUS Industries GmbH
• Construcciones y Auxiliar de Ferrocarriles SA
• Hexagon Studio
• KIITOKORI OY
• Mallaghan Engineering Ltd.
• MCV Group
• Nandan GSE Pvt. Ltd.
• Panus Assembly Co. Ltd.
• Proterra Inc.
• Sutlej Motors Pvt. Ltd.
• TAM Europe doo
• Weihai Guangtai Airport Equipment Co. Ltd
• Xiamen King Long United Automotive Industry Co. Ltd.
• Zhengzhou Yutong Bus Co. Ltd.

Gain access to more vendor profiles with their key offerings available with Technavio. Request Sample Report Here

• Autonomous Bus Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026
• Electric Bus Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2021-2025

Full story available on Benzinga.com

[ad_2]

Source link