Polaris Market Research today announced findings from its latest report, projecting the global Airport Bus Market to grow from USD 689.85 Million in 2022 to USD 1,698.70 Million by 2032, at a CAGR of 9.4%. The report profiles 18 leading companies across 4 market segments, covering airport shuttle bus demand from electric and fuel-powered fleets.

Analyst Commentary on Airport Bus Market Growth

“Airport modernization and the shift toward zero-emission ground transport are reshaping airport bus market growth, with electric airport shuttle buses emerging as the fastest-growing segment,” said an analyst at Polaris Market Research. “The opportunity for fleet operators, airport authorities and investors lies in the new greenfield airports being planned worldwide, especially across Asia-Pacific.”

Airport Bus Market Statistics at a Glance

●       2022 Market Size: USD 689.85 Million

●       2032 Projected Size: USD 1,698.70 Million

●       CAGR (2023-2032): 9.4%

●       Fastest-Growing Segment: Electric Airport Buses

●       Key Region to Watch: Asia-Pacific, home to roughly 57% of the nearly 300 greenfield airports planned worldwide

Key Growth Drivers, Major Companies and Segments Covered

Growth Drivers: The construction of new airports, rising government investment in airport infrastructure, and the push for zero-emission ground transport are the primary forces behind the market's expansion, alongside growing demand for electric airport buses and airport ground transportation. In May 2023, the Airports Authority of India advanced a Rs. 353 crore development of Surat airport, expanding its terminal building from 8,474 to 25,520 square meters and raising apron parking from five to 18 positions.

Major Companies Covered: AB Volvo, ARBOC Specialty Vehicles, BYD Company, CNH Industrial, COBUS Industries.

Segments Covered: By Type (Electric, Fuel), By Sales Channel (Direct Sales, Distributor), By Application (Domestic Airport, International Airport), By Region.

Read More @ https://www.polarismarketresearch.com/industry-analysis/airport-bus-market

Recent Developments in the Airport Bus Market

●       February 2025: Noida International Airport partnered with Uttarakhand Transport Corporation to introduce direct bus services linking the airport with Dehradun, Rishikesh, Haridwar and Haldwani.

●       February 2025: TSRTC introduced Pushpak Electric Buses in Hyderabad, providing an environmentally friendly service to Rajiv Gandhi International Airport.

●       December 2021: Mallaghan introduced a new all-electric airport bus, the Arbus, which ABM Aviation has already tested successfully.

Regional Snapshot: Asia-Pacific Poised for Significant Growth

Asia-Pacific is expected to see significant growth through 2032, supported by rising government and private investment in airport expansion and city connectivity, a large consumer base, and regional manufacturing capacity. In November 2022, Celebi India introduced the country's first 100% AC electric tarmac coaches, in line with India's goal to decarbonize aviation by 2030. North America and Europe are also gaining traction as public transport awareness grows and emission standards tighten.

Why It Matters for Stakeholders Tracking the Airport Bus Market Forecast

For stakeholders researching the airport bus market forecast, the underlying report benchmarks Airport Bus Market share, company positioning, and segment-level forecasts to support sourcing, partnership, and investment decisions through 2032.

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