DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Electric Bus Market Size, Share, Development, Growth and Demand Forecast to 2020" report to their offering.
The global electric bus market is expected to grow with a CAGR of 19.6% during the period 2015 - 2020.
By 2020, China is expected to account for more than 50% of the global electric bus market. In 2014, 8 out of top 10 electric bus players had more than 90% of their total revenue from Chinese market. The Indian government has also shown their interest in electric bus, and is expected to commercialize their electric bus model in the India by 2017.
An electric bus in its entire life cycle saves the fuel of around $365,000 value, as compared to diesel buses; and $225,000, as compared to natural gas (CNG) buses. Moreover, electric buses are less noisy, and require less maintenance, compared to their conventional counterparts. The United States Department of Transportation has announced an investment of $24.9 million for the development of zero-emission buses across the country.
The electric bus market is still at its nascent phase, and requires further technical development for the increased adoption of electric buses. Moreover, the premium price of electric buses is the major hindrance for their large scale adoption within the public transit infrastructure, especially in the developing countries, where the regional governments are focusing more on low emission natural gas powered buses.
Key Topics Covered:
1. Research Scope and Methodology
2. Executive Summary
3. Market Outlook
4. Global Market Size and Forecast (2011 - 2020)
5. Electric Bus Market Breakdown by Geography
6. Competitive Positioning and Market Share Analysis
7. Company Profiles and Strategic Developments
- AB Volvo (publ)
- Alexander Dennis Limited
- Ashok Leyland Ltd.
- BYD Company Limited.
- Daimler AG
- King Long United Automotive Industry Co. Ltd.
- Proterra Inc.
- Shenzhen Wuzhoulong Motors Co. Ltd
- Solaris Bus & Coach S.A.
- Zhengzhou Yutong Group Co. Ltd.
Zhongtong Bus & Holding Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/39qtlt/global_electric