The present study on the global Electric bus market provides a data-driven assessment of the revenue potential and sales opportunities in different regional and consumer segments of the Electric bus industry. According to the research report by Transparency Market Research (TMR), the global Electric bus market is prognosticated to reach a value of 448.920 Thousand Units by the end of 20BB. This suggests that the market is likely to expand at a CAGR of 17.89% during the forecast period, 2021 to 2031.
The research report by TMR provides thorough analysis of key facets impacting on the growth trajectory of the Electric bus market. Hence, this report covers study on different factors such as the growth drivers, expansion avenues, growth restraints, and challenges experienced by the market players.
Increase in demand for fuel-efficient, high-performance, and low-emission buses, stringent government rules & regulations toward vehicle emission, rising adoption of hydrogen fuel cell buses, increase in focus on electrification of public transport, and reduction in battery prices are prominent factors that are estimated to boost the electric bus market during the forecast period.
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E-buses not only have low maintenance costs; however, they are also environment-friendly. However, these buses have a higher initial cost as compared to conventional buses. This is a key obstacle for some administrative departments, large fleet operators, transit agencies, and governments to implement e-buses in the public transportation segment.
Additionally, the government’s support in the form of subsidies for the purchase of private e-buses might positively impact the market for those willing to buy commercial bus fleets. Moreover, the price of these buses is ten times that of conventional buses, which may hinder the market.
The study is presented following in-depth primary and secondary research, supported by the incorporation of innovative approaches and robust market estimation tools. Hence, the report works as a dependable source of data on the Electric bus market. Moreover, the exhaustive data and information presented in the report helps readers to gain clear idea on the value chain and growth dynamics of the ecosystem in the Electric bus market.
The research report presents insights into the promising areas of research and development by various industry players over the past few years. The report offers projections as well as summary on the inherent potential in different segments and regions of the market. This aside, it sheds light on the current trends and regulatory environments driving the investments in the Electric bus market.
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The report on the global Electric bus market is presented in the form of many segments, which are dependent on many parameters such as the product type, application, end-use industry, and region.
In terms of application, the market is divided into:
- Intercity
- Intracity
Electric bus market Competition Landscape:
Some of the key companies operating in the Electric bus market are:
- BYD Company Ltd.
- Yutong
- New Flyer Industries Inc.
- Proterra Inc.
- Solaris Bus & Coach SA
- Zhongtong Bus Holding Co., Ltd
- Shenzhen Wuzhoulong Motors Co., Ltd
- EBUSCO BV
- Alexander Dennis
- King Long
- FAW Group
- AB Volvo
- Daimler AG
- TATA Motors
- Ashok Leyland
- Others
The research report by TMR provides dependable information pertaining to the leading players in the Electric bus market. Moreover, the study performs extensive profiling of the offering/ products/services of prominent companies in the market. In addition, readers gain data on recent investment moves and R&Ds by the market players. This aside, the study sheds light on different strategic moves such as mergers, joint ventures, acquisition, partnerships, and collaborations of key market enterprises.
Key Insights Offered in Study on Electric bus market:
- Key regions in which policy frameworks are expected change the course of investments in the important segments of the market
- Degree of control by leading players
- New consumer segments projected to gain sizable investments in the Electric bus market owing to the latest macroeconomic disruptions
- Size and share of the leading incumbent companies
- Key growth segments in the Electric bus market
- Technological advancements and recent R&Ds in the global Electric bus market
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