LONDON--(BUSINESS WIRE)--Technavio has announced the top 10 leading vendors in their recent global low-floor hybrid bus market report. The report has calculated the total hybrid electric bus market size based on the total unit sales of heavy-duty hybrid vehicles globally using a top-down approach.
At present, the Chinese market and OEMs are the major forces in the global hybrid market and will continue to dominate the market during the forecast period. This is primarily attributed to the presence of many players due to an established supply chain for hybrid technology. Chinese OEMs have gained momentum in the global hybrid bus market backed by strong domestic and regional demand. However, Technavio analysts expect the demand to spread worldwide making companies like Volvo, Daimler, and MAN benefit from their strong sales network and geographic reach.
Competitive vendor landscape
The competition between the manufacturers is increasing, owing to the promising large volumes of sales with the partnerships from governments and public sectors, to make public transport cleaner and greener. Hence, manufacturers are increasing their geographical market presence and product portfolios to attract maximum sales.
“The integration with government agencies should be the key focus area for hybrid electric bus manufacturers to increase market share as they are the major customers. The high sales volume in the Chinese market by the local OEMs has made them the global market leaders. However, they lack geographical presence globally,” says Siddharth Jaiswal, a lead automotive manufacturing analyst from Technavio.
Request a sample report: http://www.technavio.com/request-a-sample?report=54500
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Top 10 low-floor hybrid bus market vendors
Daimler
Daimler established its presence in the automotive manufacturing sector with its range of offerings, including Mercedes-Benz cars, Mercedes-Benz vans, Daimler trucks, and Daimler buses. Daimler offers various heavy commercial buses under its Daimler bus division and develops and produces buses under the brand names Mercedes-Benz and Setra. The company also has Indian venture BharatBenz, which produces buses and trucks. It has 14 manufacturing facilities for buses across worldwide, which include seven in Europe, one in NAFTA, three in Latin America, one in Africa, and two in Asia.
Volvo
Volvo is one of the world’s largest manufacturer of heavy-duty trucks and buses. It is the largest manufacturer of buses and construction equipment as well as a leading manufacturer of heavy-duty diesel engines and marine and industrial engines. Volvo had strengthened its global presence and commercial vehicle revenue by launching more products, and through strategic acquisitions.
Wuzhoulong
Wuzhoulong sells its products in various provinces and cities in China, including Macau, as well as Hong Kong and overseas districts and markets such as the US, South America, the Middle East, African countries, and internationally.
Yutong
Yutong is a Chinese industrial group that manufactures a variety of buses. It is also involved in the construction of machinery, automotive parts and components, and real estate businesses.
Yutong's sales volume of large and medium-sized buses have a market share of about 30% in China and 10% worldwide. The company's principal operating company, Zhengzhou Yutong Bus, specializes in the R&D, manufacturing, and sales of buses and related products.
King Long
King Long is a Chinese bus manufacturer with bus product portfolio of vanes, coaches, transit bus, school bus, city bus, and other special vehicles. Its top part suppliers are MAN, ZF, Scania, Hino, Nissan, and Cummins. The company has more than 90 models in its bus portfolio.
New Flyer
New Flyer is an American bus manufacturer that introduced the first low-floor bus in North America. It is the top bus manufacturer in the region with higher market penetration but is limited to only that region. In 2013, the company acquired the competing hybrid manufacturer NABI. At present, New Flyer has four manufacturing facilities for producing heavy-duty buses. In 2016, the company acquired Motor Coach Industries.
Alexander Dennis Limited
ADL is the largest British bus manufacturer with a geographical presence in Canada, the US, South Africa, Malaysia, China, and Europe. More than 30% share of the company is from the UK. Its portfolio includes diesel and hybrid single and double deck transit buses.
Foton Motors
Foton Motor is a Chinese company that designs and manufactures trucks, buses, sport utility vehicles (SUVs), and agricultural machineries. It makes commercial trucks in partnership with Daimler, which sells products under the name Auman. The company has a geographical presence in Germany, the Philippines, Japan, and Taiwan.
FAW
FAW is a Chinese company that manufactures buses, light-medium and heavy-duty trucks, and auto parts. FAW is one of the top four automakers in China. The company has joint ventures with Audi, GM, Mazda, Toyota, and Volkswagen for sales in the Chinese market.
GILLIG
It is an American manufacturer of low-floor heavy-duty transit buses. It is the second largest bus manufacturer in North America after New Flyer. The company has a strong AFV bus division, which started producing models from 1996. More than 30% share of GILLIG's heavy-duty bus sales are from the US and Canada.
Browse Related Reports:
- Global Electric Bus Market 2016-2020
- Global Hybrid Commercial Vehicle Market 2016-2020
- Global Micro Electric Vehicle Market 2016-2020
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
