According to a market report by Lucintel, the future of the trolley bus market looks promising with opportunities in the local commuter transportation and amusement parks. The global trolley bus market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing popularity of electric vehicles and growing demand for affordable local commute.
In this market, pure electric and dual powered are the major segments by bus type. Lucintel forecasts that pure electric will remain the largest segment over the forecast period as these busses are environmentally safe and the requirement for trolley busses is anticipated to rise further with increasing interest for sustainability and measures adopted to reduce emissions.
Within this market, local commuter transportation is expected to remain the largest segment due to higher operational life as compared to the motor buses and improving the off-wire power capabilities in order to increase the adaptability of the trolley buses.
North America will remain the fastest growing region due to high demand in transportation and increasing demand for trolley buses for traveling to commute places. Additionally, technical advancements and government’s increasing R&D investments is also one of the reasons behind market uplifting.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing concern towards sustainability and initiatives taken to curb the emissions and emergence of electric school buses. Astra Bus, Hometown Trolly, Molly, Gomaco Trolley, Pandrol, Viseon Bus GmbH, Salzburg, BPSWA, Solaris Bus & Coach, and Bogdan are the major suppliers in the global trolley bus market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global trolley bus market by bus type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Trolley Bus Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global trolley bus market by bus type, application, and region, as follows:
Trolley Bus Market by Bus Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Pure Electric
Dual Powered
Trolley Bus Market by Application [Value ($B) shipment analysis for 2017-2028]:
Local Commute Transportation
Amusement Parks
Others
Trolley Bus Market by Region [Value ($B) shipment analysis for 2017-2028]:
North America
Europe
Asia Pacific
The Rest of the World
A more than 150 pages and in-depth TOC on “Global Trolley Bus Market". To download report brochure, please go to
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About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the trolley bus market by bus type (pure electric and dual powered), application (local commuter transportation, amusement parks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?