Registering a CAGR of 13.0% over the forecast period, the global apron bus market is anticipated to reach the market value of US$ 644.7 million in the year 2026 from US$ 274 million in the year 2020.
Boarding is one of the most important processes of aircraft turnaround time and it can influence the costs of airline companies directly. Apron bus is one of the best alternatives at some airports in order to transport passengers from the aircraft to the terminal building or from building to the aircraft. As they always strive to improve on the passenger satisfaction, faster boarding processes are important for airlines. Main drivers for the market growth are the rising air passenger traffic and corresponding growth in airline fleet. In addition, airport boarding bridges are not always available for every aircraft which makes the use of apron bus mandatory.
The report also assesses the key opportunities in the Apron Bus market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Apron Bus Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
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Top Key players in the Apron Bus Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Apron Bus Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Cobus Industries, Zhengzhou YuTong Bus, CIMC Tianda, TAM, Weihai Guangtai, BYD, MAZ, BMC, Kiitokori and others.
Global Apron Bus Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
The segment of fuel type holds a comparatively larger share in global market, which accounts for about 70%.
The domestic airport holds an important share in terms of applications, and accounts for 62% of the market share.
The report offers in-depth assessment of the growth and other aspects of the Apron Bus Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Europe and North America, Together, were projected to Account for a Major Share of the Apron Bus Market in 2019
Several airports in Europe and North America, in order to reduce their carbon footprint, have been replacing their diesel or gas-powered apron buses with emission-free electric buses, over the past few years. Some of the European airports that operate apron buses are Munich, Pisa, Frankfurt, Madrid, London Luton, and Amsterdam Schiphol, among others. In July 2018, two units of VIVAIR, manufactured by TAM-EUROPE, were delivered to TCR in Spain. The new TAM vehicles are being operated at the Gran Canaria Airport, Spain. In June 2018, two 104WL buses were delivered to Pula Airport, Croatia, by TAM-EUROPE. In December 2018, Port Authority announced its plan to introduce 18 new all-electric buses to its three major airports by the middle of 2019.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Apron Bus Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.