DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Electric Bus Market Size, Share, Development, Growth and Demand Forecast to 2025" report to their offering.
The global electric bus market accounted for volume sales of 19,059 units in 2015. It is expected to witness growth at a CAGR of 20.9% in terms of volume during the period 2016 - 2025. Among the various technologies, the parallel pure electric bus is expected to be the largest segment (50.8% share) in the global electric bus market in 2025. However, the majority of electric buses running in the present time are hybrid, as they are low in cost, and offer operational flexibility in terms of alternative fuel. However, the western countries are focusing more on the pure electric buses, due their zero carbon foot prints.
The Chinese module suppliers, such as BYD, are expected to be the largest electric bus module suppliers, during the forecast period. So far, AB Volvo is the only major participant to have hybrid module system developed in-house. Other electric bus module suppliers, such as ZF Friedrichshafen AG offer their hybrid bus module in aftermarket for conventional transit buses. Several companies operating in the global electric bus market have been expanding their market at global level. BYD Company Limited has recently expanded its production base in California. Solaris Bus and Coach S.A. launched articulated electric bus Urbino 18', in September 2014. The major players operating in the electric bus market include, Zhengzhou Yutong Group Co. Ltd., AB Volvo, Shenzhen Wuzhoulong Motors Co. Ltd., FAW Group Corporation, King Long United Automotive Industry Co. Ltd., Daimler AG, Alexander Dennis Limited, EBUSCO, Ashok Leyland Ltd., Solaris Bus & Coach S.A., BYD Company Limited, and Proterra Inc.
Key Topics Covered:
1. Research Scope And Methodology
2. Executive Summary
3. Market Outlook
4. Global Electric Bus Market, By Technology (2012-2025)
5. Electric Bus Market, By Geography (2012-2025)
6. Competitive Positioning And Market Share Analysis
7. Company Profiles And Strategic Developments
For more information about this report visit http://www.researchandmarkets.com/research/rlsgmz/global_electric