Airport Bus Market Size Expected to Soar $3.97 Bn by 2034

Airport Bus Market Performance, Trends and Strategic Recommendations

Forecasts suggest that the airport bus market will expand from USD 2.76 billion in 2024 to USD 3.97 billion by 2034, with a CAGR of 3.67% during this period. North America leads the airport bus market, driven by a growing number of air travelers. Asia Pacific is set for strong growth, thanks to numerous bus manufacturers in the region. Standard buses dominate due to their affordability and reliability, while airport transfers hold the top spot as more people travel by air worldwide.

Last Updated: 04 March 2025 Category: Automotive Services Insight Code: 1591 Format: PDF / PPT / Excel

Airport Bus Market Insights, Forecast and Competitive Strategies

The airport bus market size is set to grow from USD 2.86 billion in 2025 to USD 3.97 billion by 2034, with an expected CAGR of 3.67% over the forecast period from 2025 to 2034.

Airport Bus Market Size 2023 - 2034

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Introduction

The airport bus market is a crucial segment of the aviation industry. This industry deals in manufacturing and distribution of bus for airport operations. There are several types of vehicles developed in this industry comprising of standard buses, luxury buses, mini buses and electric buses. These buses are designed with various seating capacities including up to 10 seats, 11-20 seats, 21-30 seats, over 30 seats. It finds several applications in daily operations consisting of airport transfers, hotel transfers, corporate shuttle services, tourism and sightseeing. The airport buses are powered by different types of propulsion such as diesel, gasoline, electric and hybrid. The rise in number of air travelers around the globe has boosted the industrial expansion. This market is projected to rise drastically with the growth of the automotive sector in different parts of the world.

Hector International Airport, Air Passengers Stats (2023-24)

  • According to a report of Hector International Airport, the number of air travelers visiting this airport in 2023 was 89289 that increased to 98882 in 2024.

Highlights of the Airport Bus Market

  • North America held the dominant share of the airport bus market due to the rising number of air travelers in this region.
  • Asia Pacific is expected to grow with a significant CAGR due to the presence of several bus manufacturing companies in this region.
  • The standard buses segment dominated the market due to its cost-effectiveness and reliability.
  • The airport transfers segment led the market due to the rising number of air travelers around the world.
  • The airports have started ordering electric buses due to the rising prices of fuels along with reducing emission in the environment. For instance, in September 2024, the Munich Airport made announced a deal with MAN. Under this agreement, MAN will deliver 49 electric buses to Munich Airport with an aim to reduce CO2 emission.
  • According to the Airport Traffic Report, around 171,458 aircraft movements took place in New York Airport in 2023.
  • According to the CIA, there were 15,873 operational airports in U.S. during 2024 followed by Brazil with 4,919 airports.
  • Numerous airports are collaborating with transport providers to enhance the experience of air travelers. For instance, in February 2025, the Noida Airport collaborated with Haryana Roadways. This collaboration is done for offering smooth bus services from Noida Airport to different Indian cities such as Kurukshetra, Gurgaon, Faridabad and some others.

Industry Leader Announcement

In February 2024, Kartick Krishnamurthy, the head of marketing at Chalo Airport made an announcement stating that,” The campaign aims to encourage people to choose the new premium airport bus service as their preferred mode of transportation. We want people to view Airport Express as a comfortable, cost-effective, and eco-friendly ride to their destination from the airport.”

Competitive Landscape

Airport Bus Market Companies

The airport bus market is a developed industry with the presence of several dominating players. Some of the prominent companies in this industry comprises of Zhongtong Bus, Stagecoachbus, Veolia Transport, Transdev Group, Keolis, and some others. These market players are constantly engaged in developing advanced buses for airport operations and adopting several strategies to sustain their dominant position in this industry.

Stagecoachbus Annual Revenue in Million Euro (2023-24)

  • According to the annual report of Stagecoachbus, the revenue of the company in 2023 was 669.6 million euros that increased to 773.2 million euros in 2024.

Airport Shuttle Bus Market Segmentations

By Vehicle Type

  • Standard Buses
  • Mini Buses
  • Luxury Buses
  • Electric Buses

By Seating Capacity

  • Up to 10 Seats
  • 11-20 Seats
  • 21-30 Seats
  • Over 30 Seats

By Application

  • Airport Transfers
  • Hotel Transfers
  • Corporate Shuttle Services
  • Tourism and Sightseeing

By Propulsion Type

  • Diesel
  • Gasoline
  • Electric
  • Hybrid

By Region

  • North America
  • Europe
  • South America
  • Asia Pacific
  • Middle East and Africa
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About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

The airport bus market is valued at US$ 2.86 billion in 2025.

North America dominated this industry.

The rising investment in aviation sector along with increasing number of air passengers has driven the market growth.

Some of the prominent players of this industry consists of Transdev Group, Zhongtong Bus, Veolia Transport, Keolis, Ankai Bus, Higer Bus, King Long United Automotive Industry, ComfortDelGro, Stagecoach Group, National Express, Abellio, Arriva, Yutong Bus, RATP Group and some others.

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