Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Double-decker Bus Market Size is Expected to Grow from USD 2.34 Billion in 2023 to USD 4.53 Billion by 2033, Growing at a CAGR of 6.83% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Double-decker Bus Market Size, Share, and COVID-19 Impact Analysis, By Fuel Type (Diesel, Electric, Hybrid, and Others), By Seating Capacity (to Up 70 Seats, 71-100 Seats, Above 100 Seats), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 - 2033.
The worldwide double-decker bus market refers to the industry focused on the production, sale, and adoption of buses assembled with two levels of seating capacity. These buses are designed to maximize passenger capacity, making them ideal for densely populated urban areas and long suburban travel. The market expansion is mainly driven by the rising revenue of the tourism business and the development of the automobile sector, with technical support. Additionally, the government encourages fleet operators with fascinating policies, and a high priority vision of smart cities propels the market growth. Further, collaboration projects among the key industrial players boost the market growth. However, the market growth will be impeded by some obstacles such as high costs upkeep if they are of electric and hybrid, also profit margin sucked due to seasonal tourism business.
The electric segment held a significant share of the global double-decker bus market in 2023 and is projected to grow at a rapid pace over the forecast period.
On the basis of the fuel type, the global double-decker bus market is differentiated into diesel, electric, hybrid, and others. Among these, the electric segment held a significant share of the global double-decker bus market in 2023 and is projected to grow at a rapid pace over the forecast period. This is due to developments in the automobile industry, with technical support and a vision for zero-emission public transit.
The up to 70 seats segment accounted for the highest share of the global double-decker bus market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
On the basis of the seating capacity, the global double-decker bus market is segmented into up to 70 seats, 71-100 seats, and above 100 seats. Among these, the up to 70 seats segment accounted for the highest share of the global double-decker bus market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This segment growth is propelling due to they offer effective transit options without compromising passenger comfort, these lower-capacity buses are especially popular in locations with narrow roadways.
Asia Pacific is anticipated to hold the largest share of the global double-decker bus market over the forecast period.
Asia Pacific is expected to hold the greatest share of the global double-decker bus market over the forecast period. The regional market is propelling due to swift urbanization, substantial expenditures in public transit infrastructure, and a growing population. Furthermore, governments' encouraging steps and strict environmental regulations have contributed to creating smart city initiatives that give priority to sustainable mass transit alternatives. Further, the growing regional tourism business drives the market revenue.
Europe is projected to grow at the fastest CAGR of the global double-decker bus market over the forecast period. The market expansion throughout the region is further accelerated due to strict environmental regulations that encourage the adoption of electric and hybrid buses. Further, countries such as the UK and Germany are leading the regional market, with several cities. Moreover, the focus on sustainable urban mobility solutions and the growing tourism business is driving steady growth in the regional market.
Company Profiling
Major vendors in the global double-decker bus market are Alexander Dennis Limited (ADL), BYD Company Limited, Daimler AG, Scania AB, Volvo Group, MAN Truck & Bus AG, Ashok Leyland, Tata Motors Limited, Wrightbus, Yutong Bus Co., Ltd., Anhui Ankai Automobile Co., Ltd., Zhongtong Bus Holding Co., Ltd., King Long United Automotive Industry Co., Ltd., Solaris Bus & Coach S.A., VDL Bus & Coach bv, NFI Group Inc., Van Hool NV, Higer Bus Company Limited, Iveco Bus, Optare PLC, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global double-decker bus market based on the below-mentioned segments:
Global Double-decker Bus Market, By Fuel Type
Global Double-decker Bus Market, By Seating Capacity
Global Double-decker Bus Market, By Regional
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