Lucintel's latest market report analyzed that trolley bus provides attractive opportunities in the local commuter transportation and amusement parks. The trolley bus market is expected to reach $XX billion by 2028 with a CAGR of 12% to 14%. In this market, pure electric is the largest segment by bus type, whereas Local commuter transportation is largest by application. Growing concern towards sustainability and initiatives taken to curb the emissions and emergence of electric school buses provides strategic growth path in this market.
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Based on bus type, the trolley bus market is segmented into pure electric and dual powered. The pure electric segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as these busses are environmentally safe and the requirement for trolley busses is anticipated to rise further with increasing interest for sustainability and measures adopted to reduce emissions.
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The Trolley Bus Market is marked by the presence of several big and small players. Some of the prominent players offering trolley bus include Astra Bus, Hometown Trolly, Molly, Gomaco Trolley Company, Pandrol, Viseon Bus GmbH, Salzburg AG, BPSWA, Solaris Bus & Coach S.A, and Bogdan.
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