The Global Bus Bellows Market is projected to reach US$ 4,765.4 Million in 2032. The development of public transport facilities, a rising number of passengers using public transport, and an increasing fleet of buses across the world, is driving the demand for Bus Bellows.
According to FMI, the Global Bus Bellows Market is estimated to be valued at US$ 2,981.9 Million in 2022 and is projected to increase at a CAGR of 4.80% in the forecast period from 2022 to 2032.
| Attributes | Details |
|---|---|
| Market Size (2021) | US$ 2,845.3 Million |
| Market Size 2022 | US$ 2,981.9 Million |
| Market Size 2032 | US$ 4,765.4 Million |
| Value CAGR (2022 to 2032) | 4.80% |
Nowadays, articulated buses are being used so that they can accommodate and transport more number of passengers. In an articulated bus, a trailer is connected through pivot joints, this articulation can increase the overall length of the articulated bus and allow a higher number of passengers as compared to conventional buses. Bus bellows, which is fitted over the outside portion of the joints to facilitate passage for people from from portion of the bus to the rear portion of the bus, covers the majority of the pivot joints for this articulation. These folding bellows are made with specially coated fabrics and have a stable aluminum frame.
Bus bellows are also available in the global market as bus duct bellows, caterpillar bellows, and among others. To gain more profit margin, the manufacturer is also supplying customized bus bellows such as round, rectangular, and square shapes mainly for small bus fleet owners. The rising population worldwide resulted in a passenger rush in public transport. Thus, development of the public transport is being observed in various countries. This increases the bus fleet overall in the world, owing to which installation of bus bellows is increasing in most of the developing countries, which increases sales of bus bellows in the global market. Key criteria like easy mounting, cutting-edge features, and fewer connection points between components and assembly are also expected to push the growth lever for the bus bellows market over the coming years.
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The analysis of Bus Bellows demand from 2017 to 2021 showed a historical growth rate of 3.0% CAGR. The rise in passenger density, public transport infrastructure development, and stringent government rules for electric and gas-fuelled type bus adaption was the main factor driving the expansion of the Bus Bellows market during the historic period.
However, the increasing sales of bus bellows in the global market and demanding public transport both were significantly impacted by the coronavirus spread worldwide. Due to the lockdown which was imposed in most of the countries by the impact of the COVID crisis; traveling had too many restrictions, due to which bus production was also get affected. This produces negative impact on the bus bellows market. Moreover, the global manufacturing sector had been shut down as a result of the significant shortage of raw materials required to manufacture bus bellows, due to restrictions in the supply chain network.
However, with the lowering of virus spread, the gradual increase in the opening of industries had positive affect on the market. As a result, FMI’s global bus bellows demand projection predicts a CAGR of 4.80% by 2032.
The expansion of the global public transport infrastructure, passenger crowd, increasing bus fleet, and also technological advancement in the public transport sector are collectively driving the growth of the global bus bellows Market.
With the increasing global population, there is more need for transportation and passenger traveling solutions to be developed, which drive the targeted market. The market value for the bus bellows has increased as a result of a surge in the use of public transportation, particularly in developed economies. The market for bus bellows will see profitable growth potential as environmental concerns and awareness for public transit both rise. Additionally, transport vehicle manufacturers focus on the development of more technical features with ail to fit the maximum number of passengers in lesser space, which results in products like bus bellows. Moreover, due to the key advantages including bellows simple installation, state-of-the-art features, and fewer connection points between components and assembly, bus bellows market is predicted to grow significantly in the future.
Principal Consultant
The market for bus bellows is having lucrative opportunities in the forecasted period as a result of stringent government laws and regulations. The government's increased emphasis on the improvement and development of public transportation will likewise promote the expansion of the bus bellows market. The government's strict rules on vehicle emissions and increased awareness-raising campaigns about electric and gas-fuelled buses in developing and undeveloped nations will pave the road for the market for bus bellows to expand.
Additionally, the growing trend of articulated bus manufacturing creates opportunities for market growth of bus bellows. This articulation can increase the overall length of the bus and allow a higher number of passengers as compared to conventional buses. Articulated buses can efficiently work in developed countries like Germany, the U.S., Japan, and others owing to proper transportation infrastructure for these types of buses which in turn is expected to create significant opportunities for bus bellows across the world.
Geographically, the market is sub-segmented into the regions of North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa. Europe and East Asia are among the top regions in terms of sales of bus bellows, and they collectively account for a significant share of the global bus bellows market in 2021.
Europe is expected to hold noteworthy share in the global bus bellows market due to rapid development in passenger transport vehicles. For instance, the trolley bus is seen as eclectic innovation in public transportation which is operated through electricity. Moreover, the Europe region is having the most prominent fleet of articulated buses, which drive the market of bus bellows in the region.
The East Asia is projected to grow with a healthy growth rate in the global bus bellows market owing to continuous innovations in the buses. In China, single-section units type buses have been replaced by articulated buses because of their benefits.
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Key players operating in the Global Bus Bellows Market include ContiTech AG, HÜBNER GmbH & Co. KG, Bellow and Bus (Pty) Ltd, Neeta Bellows, Dynatect Manufacturing, Inc., YOUNGTIDE INC., ATG AUTOTECHNIK GmbH, AZZ Inc., United Rubber Industries (I) Pvt. Ltd., P.E.I. Group, J & J ENTERPRISES, and others.
The bus bellows market is considered to be moderately fragmented. It is anticipated that the growing number of new players in the market will take advantage of the positive growth outlook to increase the fragmentation of the industry, which is expected to fuel the market growth for the bus bellows.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.80% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Installation, Bus Type, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, BENELUX, Italy, Spain, Russia, China, Japan, India, Turkey, South Africa, Northern Africa, GCC Countries, ANZ |
| Key Companies Profile | ContiTech AG; HÜBNER GmbH & Co. KG; Bellow and Bus (Pty) Ltd; Neeta Bellows; Dynatect Manufacturing, Inc.; YOUNGTIDE INC.; ATG AUTOTECHNIK GmbH; AZZ Inc.; United Rubber Industries (I) Pvt. Ltd.; P.E.I. Group; J & J ENTERPRISES |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Global Bus Bellows Market reached over US$ 2,845.3 Mn.
During the forecast period, the Global Bus Bellows Market is estimated to expand at a CAGR of 4.80 % during 2022-2032.
The Global Bus Bellows Market is projected to reach US$ 4,765.4 Mn by the end of 2032.
Europe and East Asia are projected to lead the Global Bus Bellows Market in the forecast period.
The key players operating in the Global Bus Bellows Market are ContiTech AG, HÜBNER GmbH & Co. KG, Bellow and Bus (Pty) Ltd, Neeta Bellows, Dynatect Manufacturing, Inc., YOUNGTIDE INC., ATG AUTOTECHNIK GmbH, AZZ Inc., United Rubber Industries (I) Pvt. Ltd., P.E.I. Group, J & J ENTERPRISES, and others.
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