Trolley Bus Market to Witness Rapid Growth in Demand During 2018–2028
Trolley bus is a type of electric bus that draws power from overhead wires using trolley poles, which are spring loaded. The basic difference between a trolley bus and a tram is that a trolley bus requires two wires and poles to complete the electrical circuit. These buses differ from other electric buses; they mainly rely on batteries for propulsion. In such buses the power is directly driven by the direct current. Trolley buses provide a distinct advantage as compared to the conventional buses as they provide higher torque for hill climbing. This makes them a popular alternative in case of hilly terrains creating opportunities for trolley bus market in such areas. Usually the trolley buses are manufactured by the diesel bus manufacturers, by adding the electrical components to the regular buses. Moreover, trolleybuses can be optionally equipped with limited off wire capability. The buses are either powered by additional batteries or diesel propulsion systems, which makes them useful in case of long run without the support of overhead wires.
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Trolley Bus Market: Dynamics
The trolley bus market is fairly consolidated. There are limited number of players who invest in this technology. This can be attributed to the disadvantages which the trolley buses pose when compared to the conventional buses. One of the prime restraints in the growth of the trolley bus market is the requirement of specific infrastructure that supports the run of trolley buses. However, as the population across the globe is increasing along with increasing urbanization, the demand for affordable local commute is expected to increase considerably in the coming years. This is expected to create opportunities for the augmentation of the trolley bus market in the coming years. Moreover, trolley buses have few advantages when compared with the motor buses. These buses are environmental friendly, and with growing concern towards sustainability and initiatives taken to curb the emissions, the demand for trolley buses is expected to further ramp up.
Furthermore, the trolley buses have higher operational life as compared to the motor buses. This can be attributed to the use of batteries, which require less maintenance as compared to the internal combustion engines. Moreover, manufacturers are focusing on improving the off-wire power capabilities in order to increase the adaptability of the trolley buses. This is one of the prime driving factors that is expected to supplement the growth of the trolley bus market over the coming years.
However, there are few significant factors which pose challenge in the adaptability of trolley buses, such as higher initial cost of the buses and difficulty in rerouting of the buses. These factors can somehow derail the demand for trolley buses, subsequently having a negative impact on the growth of the trolley bus market.
Trolley Bus Market: Segmentation
On the basis of bus type, the trolley bus market can be segmented into:
- Pure Electric
- Dual Powered
On the basis of Application, the trolley bus market can be segmented into:
- Local Commute Transportation
- Amusement Parks
Trolley Bus Market: Regional Outlook
Trolley bus market has been in the developed stage in the European region. Numerous countries in Europe, such as Germany, Italy, and France, have a developed infrastructure for trolley boats, which is expected to boost the demand for trolley bus in the Europe. In China owing to stringent emission norms, the trolley bus market is developed in cities, such as Beijing and Wuhan, among many others. Though the market is developed in numerous regions, but due to lack of investment in development of infrastructure the demand of trolley bus have seen a sharp decline in the MEA and India.
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Trolley Bus Market: Key Participants
Examples of some of the key participants in the global trolley bus market are as follows:
- Astra Bus
- Hometown Trolly Inc.
- Molly Corporation
- Gomaco Trolley Company
- Pandrol Limited
- Viseon Bus GmbH
- Youngman Automobile Group Co., Ltd
- Salzburg AG
- BPSWA INC.
- Solaris Bus & Coach S.A
- ŠKODA ELECTRIC a.s.
- Bogdan group