Double-decker Bus Market Size, Growth, Forecast 2023–2030
Market Overview and Report Coverage
A double-decker bus is a type of bus that has two levels or decks, with the lower level being used for seating passengers and the upper level being an open-top or enclosed space for additional seating or for sightseeing purposes. Double-decker buses are commonly found in cities around the world and are often used for public transportation or as tourist attractions.
The future outlook for the double-decker bus market is promising. With the increasing urbanization and population growth in many countries, the demand for efficient and sustainable modes of transportation is rising. Double-decker buses offer a solution to this demand by providing increased seating capacity without taking up additional road space.
In addition, the growing interest in eco-friendly transportation options is expected to drive the market growth for double-decker buses. Many cities are implementing measures to reduce air pollution, and electric or hybrid double-decker buses are seen as an environmentally friendly alternative to traditional diesel buses.
The current outlook for the double-decker bus market is also positive. The market is expected to witness significant growth due to factors such as government initiatives to improve public transportation infrastructure, increasing tourism activities, and the need for a cost-effective means of transportation in urban areas. Furthermore, technological advancements in the design and manufacturing of double-decker buses, such as improved fuel efficiency and safety features, are likely to attract more customers and ensure market growth.
Overall, the double-decker bus market is expected to experience strong growth in the coming years. The projected CAGR of % during the forecasted period indicates a positive market trend, driven by the increasing demand for efficient, sustainable, and cost-effective transportation solutions.
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Market Segmentation
The Double-decker Bus Market Analysis by types is segmented into:
- Electric Bus
- Natural Gas Power Bus
- Hybrids Bus
- Gasoline Power Bus
- Diesel Power Bus
The double-decker bus market encompasses various types of buses based on their power sources. Electric buses are powered by electricity, reducing emissions and providing a greener solution. Natural gas power buses use compressed natural gas, emitting lower levels of pollutants. Hybrid buses combine electricity and internal combustion engines for improved fuel efficiency. Gasoline power buses use gasoline as fuel, while diesel power buses use diesel fuel. Each type has its own advantages and considerations, contributing to the diversity of the double-decker bus market.
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The Double-decker Bus Market Industry Research by Application is segmented into:
- City Traffic
- Inter-city Traffic
- School
- Other
Double-decker buses are versatile and find applications in various markets. In city traffic, these buses provide efficient transportation solutions, accommodating a large number of passengers while occupying limited road space. They are also used for inter-city traffic, offering comfortable long-distance travel with enhanced seating capacity. In school settings, double-decker buses are utilized to transport students, providing a safe and spacious commuting option. Furthermore, these buses find applications in other markets such as tourism and sightseeing, where they offer panoramic views and a unique experience for passengers.
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In terms of Region, the Double-decker Bus Market Players available by Region are:
- North America:
- United States
- Canada
- Europe:
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
- Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
- Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
What are the Emerging Trends in the Global Double-decker Bus market?
The global double-decker bus market is witnessing several emerging trends. One of the notable trends is the increasing adoption of electric double-decker buses, driven by efforts to reduce carbon emissions and promote sustainable transportation. Another trend is the integration of advanced technologies such as telematics, GPS, and real-time passenger information systems, which enhance the overall efficiency and passenger experience. Moreover, there is a growing demand for customized double-decker buses with improved interior designs and amenities to cater to the preferences of modern travelers. Additionally, the market is witnessing the development of autonomous double-decker buses, which have the potential to revolutionize public transportation in the future.
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Major Market Players
The competitive double-decker bus market comprises several key players including Daimler, MAN, Solaris Bus & Coach, Volvo, Ashok Leyland, BYD, New Flyer, Otokar, Scania, Tata Motors, and Yutong. Tapping into the increasing demand for efficient and sustainable public transportation solutions, these companies have made significant advancements in the double-decker bus segment.
Daimler is a leading player in the global bus industry, offering its double-decker buses under the Mercedes-Benz brand. With a rich history dating back to the late 19th century, Daimler has established itself as a reliable and innovative manufacturer. The company has experienced steady market growth and expansion over the years, primarily driven by its commitment to advanced technology, safety features, and reducing emissions. Daimler’s revenue from bus sales in 2020 was approximately € billion ($ billion).
MAN, a subsidiary of the Volkswagen Group, has a strong presence in the double-decker bus market. With origins tracing back to the early 20th century, MAN has a reputation for engineering high-quality buses. The company focuses on technological advancements such as hybrid and electric buses to meet the growing demand for sustainable transportation solutions. In 2020, MAN generated revenue of around € billion ($ billion) from its bus segment.
Volvo, a renowned Swedish automobile manufacturer, is a major player in the global double-decker bus market. Volvo’s commitment to safety, environmental sustainability, and passenger comfort has allowed it to establish a robust market presence. The company has been at the forefront of innovations in the transportation sector, including electric and autonomous bus systems. Volvo Buses generated approximately SEK billion ($ billion) in revenue from bus sales in 2020.
Yutong, a Chinese company, has emerged as a leading player in the global double-decker bus market in recent years. Known for its technologically advanced electric buses, Yutong has witnessed remarkable growth in market share. The company’s success can be attributed to its strong R&D capabilities and strategic collaborations. In 2020, Yutong’s total revenue amounted to approximately ¥ billion ($ billion), with a significant portion coming from bus sales.
These companies make up a competitive landscape in the double-decker bus market, each striving to innovate and provide sustainable solutions. With increasing government initiatives towards green transportation and the growing urban population, the market is anticipated to witness further growth in the coming years.
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