Electric Bus Market: 2018 Global Industry Size, Share, Trends Analysis To 2023
Electric Bus Market Size, Share, Manufacturers, Demand and Trends Analysis 2018 Report include Global Electric Bus Market historic data, with forecast data to 2023. Report provides Automotive Electric Bus Market, By Charging technology (Autonomous, Non-autonomous), By Vehicle Type (Light Duty Electric, Heavy Duty Electric and Hybrid Electric Bus) and region - Forecast 2017-2023.
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Electric Bus Key Players:
Daimler AG (Germany), Anhui Ankai Automobile Co., Ltd.( China), Volvo Group (Sweden), Wright Enrichment Inc(U.S.), Shandong Yi Xing Electric Auto Co.,Ltd (China), Zhongtong Bus Holding Co., Ltd.( China), BYD Auto Co., Ltd ( China), Iveco (Italy), Ebus (Singapore) and Beiqi Foton Motor Co., Ltd.(China).
Electric Bus Market Highlights:
Rising environmental concerns and increasing government investments in fuel saving technologies & alternative fuel vehicles are driving the growth of the global electric bus market. Increasing number of global bus manufacturers are opting to manufacture electric & hybrid electric buses as substitutes to diesel fueled buses, thus pushing the market towards growth. Benefits such as thermal comfort and noise reduction offered by these will further enhance automotive electric bus market. Electric & hybrid electric buses helps to reduce the effects of solar heat build-up inside the car as well as turn into a filter for disruptive noises like car horns and construction work.
Whereas, high cost associated with manufacturers, lack of awareness about usability and benefits hamper the growth of the market, significantly.
For this study, the Global Automotive Electric Bus Market has been segmented on the basis of charging technology (Autonomous, Non-autonomous), Vehicle Type (Light Duty Electric, Heavy Duty Electric and Hybrid Electric Bus) and region.
Asia-Pacific is dominating the automotive electric bus market with increased government initiatives in countries such as India, China, and Japan. China is the biggest market for electric buses, and the government is actively promoting the replacement of conventional buses with electric ones. China is also developing the required infrastructure to support the use of electric buses.
Europe is known as one of the one of the leading regions for growth and development in the bus sector. Governments of various countries in Europe are taking initiatives and steps to curb pollution, which in turn is boosting demand for electric and hybrid electric vehicles.
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