Global Double-decker Bus Market By Type (Electric Bus, Natural Gas Power Bus, Hybrids Bus, Gasoline Power Bus, Diesel Power Bus), By Application (City Traffic, Inter-city Traffic, School, Other), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028
- Published date: Dec 2023
- Report ID: 23834
- Number of Pages: 333
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Market Overview
The Global Double-decker Bus Market size is expected to be worth around USD 1.9 Billion by 2033, From USD 1.3 Billion by 2023, growing at a CAGR of 3.60% during the forecast period from 2024 to 2033.
The double-decker buses provide mass transport facilities and tours of specific or historical areas and locations in some countries. Initially, the double-decker buses were fabricated to have the driver seated in a separate cabin from the passenger coach.
Passengers could enter through an open platform from the rear door of the lower coach of the bus, where the bus conductor collected the fare according to the preferred stop where the passenger wanted to disembark.
Modern-day, double-decker buses are designed with a driver cabin inside the vehicle and on the lower coach of the vehicle. Newer buses have front and rear doors, and the driver generally collects the fare, and a conductor is not required in some instances.
The time needed for passengers to board has been significantly reduced compared to that for older buses. Most double-decker buses have provisions for the driver to monitor or observe passengers who are seated on the upper deck of the bus.
Key Takeaways
- Market Growth: The Double-decker Bus Market displays gradual growth, expected to increase from USD 1.30 billion in 2023 to USD 1.90 billion in 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 3.60%.
- Regional Dominance: Europe emerges as the dominant region, commanding a significant 34.5% share, indicating substantial market presence and demand within the European double-decker bus sector.
- Segmentation Insights:
- Type Preference: Diesel/Gasoline Buses lead with a notable 32.6% share, highlighting the prevalence of these fuel-based buses in the double-decker bus market.
- Application Focus: Public Transport holds a substantial 52.2% share, emphasizing the significant use of double-decker buses in public transportation services.
Market Dynamics and Industry Analysis:
- Gradual Market Expansion: The market indicates gradual growth, influenced by ongoing demand primarily driven by public transport needs in European regions.
- European Market Leadership: Europe’s dominance underscores the region’s robust double-decker bus industry and significant demand within the public transportation sector.
- Preference for Diesel/Gasoline Buses: The dominance of these buses suggests their prevalent use, possibly due to infrastructure, cost-effectiveness, or operational reasons within the European market.
This analysis underscores the Double-decker Bus Market’s steady but gradual growth, propelled by Europe’s dominance, the prevalent use of diesel/gasoline buses, and their substantial role in public transportation. The consistent growth rate and segmentation dominance indicate a stable market with the potential for continued expansion and sustained relevance in the public transport sector, especially in European regions.
Driving Factors
The Double-Decker Bus Market is propelled by several driving factors. Urbanization and increased city populations drive the demand for efficient public transport, favoring high-capacity double-decker buses. Environmental concerns spur the adoption of eco-friendly models, like electric or hydrogen-powered buses, aligning with sustainability goals.
Enhanced safety features and technological advancements, including digital connectivity and autonomous capabilities, attract consumers seeking modern and secure transportation options. Additionally, tourist-friendly designs and customizable interiors cater to diverse consumer needs, influencing the market’s growth.
Moreover, government initiatives promoting public transport infrastructures further stimulate the demand for double-decker buses, marking pivotal driving forces within the industry.
Restraining Factor
However, due to the double-decker buses’ size and design, additional costs for operation and maintenance increase. Moreover, double-decker buses require drivers to have additional or special training to drive these vehicles. It might hamper market growth to a certain extent.
Concerns about the potential increase in health-related issues and the rising trend of smart cities are crucial factors expected to potentially shift towards adopting double-decker buses shortly.
Growth Opportunities
The depleting resources of oil and gas, stringent government regulations about automotive emissions, incorporation of solar and battery-powered vehicles, favorable policies for adopting electric or other alternative-powered vehicles, and hybrid vehicles, including double-decker buses, are the major factors contributing to the growth of the target market.
Growth opportunities in the double-decker bus market lie in the expansion of eco-friendly options like electric and hydrogen-powered buses. Enhanced connectivity features and smart transport solutions further attract consumers. Additionally, the surge in urbanization and increasing demand for efficient public transportation systems globally offer avenues for market expansion.
Trending Factors
Trending factors in the double-decker bus market include a growing emphasis on sustainable transportation, leading to increased demand for electric or hybrid double-decker buses. Innovations in design and technology, such as improved passenger comfort, advanced safety features, and digital connectivity options, are gaining attention.
Advancements in battery technology for electric double-decker buses and the incorporation of renewable energy sources drive trends toward greener transport solutions. Adaptations in design for improved accessibility, including low-floor models and enhanced wheelchair access, are gaining traction, aligning with inclusive and sustainable urban transport initiatives.
Additionally, the integration of autonomous driving technology and efforts to enhance operational efficiency and reduce emissions mark notable trends shaping the evolving landscape of double-decker buses.
Application Analysis
The global double-decker bus market report is segmented based on product type, application, and region. Product type segments include electric buses, CNG buses, hybrid buses, and diesel/ gasoline buses.
The diesel/ gasoline segment currently accounts for the largest revenue share in the global double-decker bus market. Based on applications, the market is segmented into public transport, intercity/coaches, and others. The other application segment includes tourism, school, etc.
Double-decker buses serve diverse applications, from city sightseeing tours and public transportation in urban centers to long-distance travel and shuttle services. They’re utilized in tourism, offering panoramic views, and in school transportation, maximizing passenger capacity. Their versatility caters to various transport needs across different industries and locations.
Key Market Segments
Based on Product Type
- Electric Bus
- CNG Bus
- Hybrids Bus
- Diesel/Gasoline Bus
Based on Application
- Public Transport
- Intercity/Coaches
- Other Applications
Regional Analysis
The public transport segment is expected to account for a significant revenue share in the global market. The global double-decker bus market is segmented regionally into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Among the regional markets, the market in Europe is projected to continue to account for the majority revenue share in the global market, owing to a thriving and expanding travel and tourism sector in countries in the region. Each region is further segmented country-wise, and details of revenue and growth rates are included accordingly.
Key Regions and Countries Covered in this Report:
- North America
- The US
- Canada
- Mexico
- Europe
- Germany
- The UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- The rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
The double-decker bus market features key players dominating the industry. Alexander Dennis Limited (ADL) holds a significant share, renowned for innovative designs and a diverse product line. Wrightbus, a leading manufacturer, specializes in eco-friendly buses, notably hydrogen-powered models.
Volvo Buses offers efficient double-decker solutions with advanced safety features. Other players like BYD Company and Optare contribute with electric bus offerings. Internationally, MAN Truck & Bus and Scania stand out, providing efficient and reliable double-decker buses.
These key players excel in offering tailored solutions, fueling their influence and market share within the competitive double-decker bus industry.
Based on Major Companies
- Daimler AG
- Volkswagen AG
- Hinduja Group
- AB Volvo
- BYD Co Ltd.
- VDL Groep BV
- Zhengzhou Yutong Bus Co. Ltd.
- NFI Group Inc.
- Marcopolo S.A.
- Van Hool NV
- Adi Putro
- Bustech Pty Ltd.
- others
Report Scope:
Report Features Description Market Value (2023) USD 1.30 Billion Forecast Revenue (2032) USD 1.90 Billion CAGR (2023-2032) 3.60% Base Year for Estimation 2023 Historic Period 2016-2023 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Type(Diesel/Gasoline Bus, Electric Bus, CNG Bus, Hybrids Bus), By Application(Public Transport, Intercity/Coaches, Others) Regional Analysis North America: The US and Canada; Europe: Germany, France, The UK, Italy, Spain, Russia & CIS, and the Rest of Europe; APAC: China, Japan, South Korea, India, ASEAN, and the Rest of APAC; Latin America: Brazil, Mexico, and Rest of Latin America; Middle East & Africa: GCC, South Africa, United Arab Emirates, and Rest of Middle East & Africa. Competitive Landscape Daimler AG, Volkswagen AG, Hinduja Group, AB Volvo, BYD Co Ltd., VDL Groep BV, Zhengzhou Yutong Bus Co. Ltd., NFI Group Inc., Marcopolo S.A., Van Hool NV, Adi Putro, Bustech Pty Ltd., others Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User license (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the Double-decker Bus Market Size in the Year 2023?The Global Double-decker Bus Market size was USD 1.3 Billion by 2023, growing at a CAGR of 3.60%.
What is the Double-decker Bus Market CAGR Estimated During the Forecast Period?The Global Double-decker Bus Market size is expected to grow at a CAGR of 3.60% during the forecast period from 2024 to 2033.
What is the Double-decker Bus Market Size During the Forecast Period?The Global Double-decker Bus Market size is expected to be worth around USD 1.9 Billion by 2033, during the forecast period from 2024 to 2033.
- Daimler AG
- Volkswagen AG
- Hinduja Group
- AB Volvo
- BYD Co Ltd.
- VDL Groep BV
- Zhengzhou Yutong Bus Co. Ltd.
- NFI Group Inc.
- Marcopolo S.A.
- Van Hool NV
- Adi Putro
- Bustech Pty Ltd.
- others
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