Electric Bus Market 2019 Analysis by Key Technologies, Market Trends, Key Companies, and Regional Forecast to 2024

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Electric Bus

The Electric Bus Market report expects to give a 360-degree perspective available as far as cutting-edge innovation, key improvements, drivers, restrictions and future patterns with effect examination of these patterns available for present moment, mid-term and long term during the forecast period. Further, the report likewise covers key players profiling with point by point SWOT investigation, budgetary certainties and key improvements of items/administration from the previous three years.

The report first poses the Electric Bus Market basics: definitions, applications, classifications, and market overview; product specifications; manufacturing processes; cost structures, raw materials and more.

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Scope of the Report:

  • Electric buses which primarily run by consuming electric energy have been considered in the scope of the market. Electric Buses have been operating in two modes where the bus is capable of running in either electric-only or hybrid modes (electric energy will be their primary fuel and will consume less petroleum) which are recharged from a standard electrical outlet.
  • The electric motors for electric vehicle market study include Vehicle type and Consumer segment.
  • There are 4 key segments covered in this Electric Bus Systems Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    Electric Bus Market with Key Segments:

    By Product Types: Type 1, Type 2, Type 3

    By Applications: Application 1, Application 2, Application 3

    By Key Players:

  • Daimler AG
  • Anhui Ankai Automobile Co. Ltd.
  • BYD Co. Ltd.
  • Iveco Bus
  • New Flyer Industries
  • Proterra Inc.
  • Ryobi Bus
  • Scannia AB
  • AB Volvo
  • Zhengzhou Yutong Bus Co., Ltd.
  • Price of Report: $ 4250 (SUL)

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    Market Overview:

  • The global electric bus vehicle market is expected to register a CAGR of 12.14%, during the forecast period, 2019-2024.
  • - The growth of the electric bus market has been attributed to the increasing concerns on the depletion of fossil fuels and environmental pollution.
  • - To tackle the above issues, many governments across the world have initiated changes in the public transportation system by replacing the heavy-duty diesel and gasoline run buses with zero-emission electric buses.
  • - Asia-Pacific has been leading the global electric bus market with increased government initiatives in countries, like India, China, and Japan.
  • - However, fluctuating in government policies and subsidies is likely to impact the growth of electric buses. For instance, the Chinese government is planning to withdraw subsidies on electric buses by 2020, which is further anticipated to impact the cost of electric buses in the country during the forecast period.
  • Electric Bus Market Report Provides the Following:

    Electric Bus Market

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    Key Market Trends:

    Battery Electric Bus to Witness Growth

    Transit agencies across various countries have been significantly promoting to adopt more electric buses for public transportation in the coming years. Among the regions, Asia-pacific and North America are likely to show a high adoption rate of battery electric bus during the forecast period, owing to their on-going purchase orders for e-buses. For instance, in North America, among several states of United States, California identified as the primary state on electric buses usage and its transport authorities have agreed to operate 357 electric buses, including purchased and ordered buses.

    Additionally, across California, mayors from Sacramento, Los Angeles, San Francisco, San Jose, and Oakland, have signed a letter to the California Air Resources Board (CARB) in 2018, urging the transit agency to accelerate the deployment of electric bus.

    While in Asia-Pacific, especially in India, Olectr-BYD has deployed nearly 100 electric buses in the Indian market as of 2018 and is expected to continue to increase its e-bus numbers in the country during the forecast period.

    Asia-Pacific dominates the Global Market

    In Asia-Pacific, China is the largest manufacturer and consumer of e-buses in the world. The domestic demand is being supported by national sales targets, favorable laws, supportive subsidies, and municipal air-quality targets.

    However, in 2017 and 2018, the sales of battery electric buses had declined due to the changes in policies and subsidies between national and local governments in the country.

    During the forecast period, China may continue to see growth in the adoption of electric buses, as more than 30 Chinese cities have made plans to achieve 100% electrified public transit by 2020, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, as well as Nanjing, Hangzhou, Shaanxi, and Shandong. As of December 2018, Shenzhen, one of the Chinese megacities, has nearly 16,000 electric buses that are operating.

    Electric Bus Market Covers Following Points in TOC:

    • Chapter 1: Electric Bus Market Definition
    • Chapter 2: Research Methodology of Electric Bus Market
    • Chapter 3: Electric Bus Market Executive Summary
    • Chapter 4: Electric Bus Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
    • Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
    • Chapter 6: Electric Bus Market Segmentation by Types, End-User, and Applications Forecast to 2024
    • Chapter 7: Electric Bus Market Segmentation by Geographical Regions
    • Chapter 8: Competitive Landscape of Electric Bus Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
    • Chapter 9: Key Players for Electric Bus Market

    For Detailed TOC Click Here

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