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Global Airport Airfield Bus Market; By Type (Fuel Type and Electric Type); By Application Type(Public Transport and Group Traffic); By Airport (Domestic Airport and International Airport) And by Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Airport industry consists of companies running international, domestic, civil, or public flying airports or flying areas. Bus transport inside an airport can take various forms and be controlled either by the owner of the airport, an airline, or a contractor. An airport bus or airport shuttle bus or airport shuttle is a bus that is used to move passengers to and from airports or inside them. Usually, these vehicles will be fitted with greater luggage space and incorporate special branding. They are often painted with bright colors to stand out among other airport vehicles and to be easily seen while navigating the aprons by the crews of taxiing aircraft.
Global Airport Airfield Bus Market registered a growth of USD527.18 Million in 2019 and is expected to grow at a CAGR of 9.6% till 2030. Bus transport inside an airport can take various forms and be controlled either by the owner of the airport, an airline, or a contractor. An airport bus or airport shuttle bus or airport shuttle is a bus that is used to move passengers to and from airports or inside them. Usually, these vehicles will be fitted with greater luggage space and incorporate special branding. Thus, these factors are expected to increase the demand for the airport airfield bus market.
Source: Fatpos Global
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The public transport segment accounted for XX% of the nation’s volume in 2019
The application segment can be classified into public transport and group traffic. Several public transportation operations may include airport-oriented services such as intermodal shuttle buses, premium Airlink services, demand sensitive shuttle buses, express services, and terminal transfers, which are expected to increase segment growth of public transport.
By Airport (in %), Airport Airfield Bus Market, 2019
The international airport segment is anticipated to register XX% of the market share during the forecasted period.
By airport, the market can be segmented into the domestic airport and international airport. The international airport segment is expected to hold the highest CAGR owing to the need for greater transport requirements along with a larger airport size. The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Source: Fatpos Global
Usage in transporting passengers and great luggage space to increase the market growth
Bus transport inside an airport can take various forms and be controlled either by the owner of the airport, an airline, or a contractor. An airport bus or airport shuttle bus or airport shuttle is a bus that is used to move passengers to and from airports or inside them. Usually, these vehicles will be fitted with greater luggage space and incorporate special branding. Thus, these factors are expected to increase the demand for the airport airfield bus market.
High fuel as well as bus cost restraint the growth of the Airport Airfield Bus Market
High cost of airport airfield buses is expected to hinder the market demand. Moreover, rising prices of fuels are also anticipated to decrease demand for fuel type buses which is in turn expected to hamper the overall market growth. According to IATA, because of the COVID-19 crisis, more than 100 countries imposed a travel ban which is expected to negatively impact the global market. The ground operators, therefore, announce that they lost more than 90% of their profits in the first quarter of 2020. Orders have also been canceled for ground support equipment which was scheduled to be supplied by 2020.
In terms of value and volume, North America accounted for XX% of total market volume share in 2019
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA In terms of technology and infrastructure, North America is the most developed region. Increasing airlines and airports' use of technology in this area is one of the key factors that influence the area’s development. The involvement of key players in the markets and major airports is essential to the development of the Airport Airfield Bus Market in the region. Asia Pacific was the worst affected in the first quarter of 2020 with one-fourth less expected rate of traffic than without the COVID-19, according to ACI World figures.
Source: Fatpos Global
Continuous advancement in water-based inks, such as the production of pH stable and resin inks used is expected to provide market growth opportunities among the key players.
Airport Airfield Bus Market: Key Players
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