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Shuttle Buses Market Trends

  • Report ID: GMI9307
  • Published Date: Apr 2024
  • Report Format: PDF

Shuttle Buses Market Trends

The shuttle bus industry is witnessing significant technological advancements. New technologies improve the customer experience on shuttle buses, making them more competitive. Climate control systems, ergonomic seating, and enhanced suspension ensure a more comfortable ride. Onboard infotainment systems including Wi-Fi access, charging outlets, and digital displays for route information or entertainment may make lengthy trips more enjoyable and productive. Lane departure alerts, blind spot recognition, and automated emergency braking can help drivers avoid accidents and drive safely.

Software that monitors traffic patterns and real-time circumstances can assist in optimizing routes, minimizing travel time and delays. Along with this, the development of electric and hybrid shuttle buses decreases reliance on fossil fuels, resulting in reduced emissions and a lower environmental impact. This is consistent with rising environmental concerns and government policies that encourage sustainable transportation options.

In September 2023, ROAM, an electric mobility company based in Kenya, launched the Roam Move, a first-of-its-kind all-electric shuttle bus fully designed and assembled in Kenya. The Roam Move is equipped with a 170 kWh battery pack, allowing it to travel up to 200 km on a single charge. It can be fully recharged in less than 2 hours using DC fast charging. The electric bus can carry up to 51 passengers and features ergonomic seating, spacious aisles, and a quiet ride to enhance the passenger experience. It also includes advanced safety features such as collision avoidance systems.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of shuttle buses reached USD 15.7 billion in 2023 and will grow at over 6% CAGR between 2024 and 2032, led by the growing awareness of the benefits of public transportation.

The minibuses vehicle segment will exceed USD 9 billion by 2032, as they provide an excellent blend of passenger capacity and mobility.

North America shuttle minibuses industry held a revenue share of over 36% in 2023, as they offer a more efficient and flexible solution than standard buses.

Blue Bird, Collins Bus, Giradin, Gillig, IC Bus, Lion Bus, Micro Bird, Starcraft Bus, and Thomas Built Buses among others.

Shuttle Buses Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 350
  • Countries covered: 24
  • Pages: 250
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