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Double-decker Buses Market by Propulsion (Diesel, Electric, Hybrid), by Seating Capacity (Below 60 seats, 60-80 seats, Above 80 seats), by Body-type (Open-top, Closed top), by Application (Public transit, Tourism and sightseeing, Charter and events, Others), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia, Nordics, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ANZ, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (South Africa, UAE, Saudi Arabia, Rest of MEA) Forecast 2025-2033
The size of the Double-decker Buses Market was valued at USD 15.1 Billion in 2023 and is projected to reach USD 22.70 Billion by 2032, with an expected CAGR of 6% during the forecast period. The market for Double-decker Buses includes the creation, production, and use of buses with two levels for passengers, offering more seating space and effective city transportation. These buses are frequently utilized in heavily populated urban areas, popular tourist spots, and areas with large numbers of passengers, providing an efficient option for public transportation. Urbanization, efficient public transport systems, and increasing demand for eco-friendly transportation options are fueling the market. Double-decker buses are commonly viewed as a compact option compared to single-decker buses, since they can carry more passengers without needing extra road space. They are known for their scenic views in tourist spots, making them popular. The market's expansion is being driven by technological progress in fuel efficiency, electric double-decker buses, and low-emission systems, in line with the growing worldwide emphasis on sustainability and decreasing carbon footprints. The increased funding for public transportation infrastructure and the rise of smart city projects are also boosting the need for double-decker buses. Anticipated market growth will occur with increased adoption of buses in cities to improve transportation systems, alleviate traffic jams, and encourage environmentally friendly commuting choices.
The double-decker bus market is concentrated among a few major players, with the top three companies accounting for over 50% of the market share. The industry is characterized by innovation, with companies investing in advanced technologies to improve the efficiency and comfort of double-decker buses. Regulatory frameworks vary across regions, impacting the adoption and design of these buses. End user concentration is high, with public transportation authorities being the primary customers. The level of mergers and acquisitions in the market is moderate, as companies seek to expand their market share and strengthen their competitive positions.
The demand for electric and hybrid double-decker buses is on the rise due to their environmental benefits and increased fuel efficiency. Open-top double-decker buses remain popular for tourism and sightseeing purposes. Government initiatives and funding for public transportation infrastructure are expected to drive market growth in emerging economies. Technological advancements, such as the integration of autonomous driving systems, provide opportunities for further market expansion.
The report provides in-depth insights into the double-decker buses market, encompassing market size, share, growth patterns, and competitive landscape. It analyzes market segments based on propulsion type, seating capacity, body design, and application. The report also explores key market developments, upcoming trends, and key drivers.
The market size is expected to grow significantly over the forecast period. The Asia Pacific region is the largest market, followed by Europe and North America. Electric and hybrid double-decker buses are gaining popularity due to their environmental benefits. The major market players are investing in technological advancements to enhance the performance and efficiency of double-decker buses.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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