According to a new report by UnivDatos, Apron Bus is expected to reach USD Million in 2032 by growing at a CAGR of 10.11%. The rising demand for Apron Bus is due to the key factor that has contributed to the growth is the demand for new airport construction and expansion of existing infrastructure to accommodate the surge in air traffic.
Growing Demand:
In recent years, the demand for air travel across the globe has extensively grown. This phenomenon has majorly been supported by a few factors, including the demand for low-budget airlines and the emergence of the middle-class population in many developing regions such as China, India, etc. As there is incessant stress on the existing air travel infrastructure, including airports, terminals, and available air fleets, many aviation companies have planned to increase their existing capacity to accommodate passengers. For instance, in 2023, Indigo announced the acquisition of 500 new Airbus A320 aircraft with a total cost of USD 50 billion. All the deliveries will take place by 2030-2035, showing an upcoming robust growth of the low-cost carrier market in India in the coming years, i.e., 2023-2030.
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Additionally, another budget airline service provider of Indonesia Lion Air announced to purchase 80 new aircraft in 2023. The airline had already added 43 new aircraft in its fleet by 2022.
Additionally, tourism across the globe is also witnessing an upsurge that has helped the aviation industry to align its efforts towards capacity expansion. The respective increase in tourism activities promotes international travel across the globe, further leading to the expansion of air travel infrastructure in the long run. According to the Bankatalia (Bank of Italy) the arrival of tourists in year 2022 rose around 92% as compared to year 2021, This growth is further anticipated to rise in year 2023 superseding the number of 2019. The demand for a smoother terminal operations with the higher air traffic, the demand for apron bus across the globe would significantly rise in the coming years.
Driving Factor:
One of the key factors that have supported the demand for apron buses is the rise in the air travel infrastructure through the development of newer runways and airports. The increasing number of airports across the globe has also assisted the demand for newer apron buses to be purchased and used for air traffic commutes through the terminals to the intended aircraft. For instance, in 2024, The U.S. Department of Transportation’s Federal Aviation Administration (FAA), announced to invest USD289 million for 129 airports in 40 states of the US for improving the safety and efficiency of air travel. The investment is part of a mega USD 25 billion investment for funding the airport improvement through terminal expansion, baggage systems upgrade, runway enhancement, and air traffic infrastructure improvements.
In another instance, in 2024, the government of Portugal announced the construction of a mega airport, Lisbon's Humberto Delgado Airport, with a total cost of USD 10.64 billion.
Considering the expansion of air travel infrastructure on a mass scale the demand for apron buses in the respective projects is anticipated to fuel the demand for apron buses.
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Key Industry Shift:
One of the key concerns across the global aviation industry is reducing its carbon footprint in its operations. Considering the high usage of diesel-based apron buses, many airport operators have started integrating electric buses as a viable alternative to reduce carbon emissions. As these buses produce zero tailpipe emissions as well as reduce fuel cost and operational costs due to fewer moving parts, a number of airlines have started integrating these. For instance, in 2023, Netherlands-based electric bus manufacturer Ebusco secured its first order from Frankfurt airport.
Various other airports as Newcastle International airport, Aberdeen International Airport, Glasgow Airport have already fully electrified their apron bus fleet between 2019-2020.
Considering this shift, the demand for electric apron buses is further anticipated to be strengthened in the coming years, i.e., 2024-2032.
Conclusion:
In conclusion, the Global Apron Bus market is poised for continued growth and innovation driven by economic expansion, aircraft developments, technological advancements, and sustainable practices. The increasing demand for air travel and terminal mobility experience in the aviation industry underscores the pivotal role of Apron Bus across the globe. As stakeholders navigate challenges such as cost management, regulatory compliance, and market competitiveness, collaborations, investments in Apron Bus infrastructure, and rising demand for commercial aircraft would also play a vital role in shaping the future of the Global Apron Bus market, ensuring its resilience and contribution to the global aviation industry.
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