DUBLIN--(BUSINESS WIRE)--The "Global Electric Bus Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to Research and Markets' offering.
The global electric bus market is expected to grow at a CAGR of over 27.5% during the period of 2016-2023.
These buses, with zero emission, are more environmentally friendly as compared to conventional buses. The ability of these buses to reduce dependency on fossil fuels and emissions will lead to its increased adoption during the forecasted period. With technological advancements in automotive sector, governments of different countries are trying to minimize the pollution.
In addition to this, unstable fuel prices and depleting crude oil reserves are adversely affecting the transportation departments and transit agencies globally. However, high initial investment in the manufacturing of the electric buses is generally retaining the growth of the market.
Asia pacific is dominating the global electric bus market. Emerging China market in automobile manufacturing is the key factor for the growth of APAC. Due to the clean transportation drive in parallel to rising population, government of China is expected to remain in the dominating position in manufacturing and adoption of electric bus during forecast period. However, North America and Europe are the fastest growing region. Different countries of Europe such as U.K., France, and Germany are estimated to maintain prominence in electric bus market during forecast period..
The growth in global electric bus market is also influenced by the presence of major players, such Proterra Inc. (U.S.), Solaris Bus & Coach S.A. (Poland), Ashok Leyland Ltd. (India), Ebusco (Netherlands), Alexander Dennis Limited (United Kingdom) and other. Collaborations and partnerships are some crucial strategies adopted by these major players to gain competitive advantage in the market.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
- AB Volvo (Gteborg)
- Alexander Dennis Limited (United Kingdom)
- Ashok Leyland Ltd. (India)
- Astra Bus (Romania)
- BYD Company Limited (Shenzhen, Guangdong)
- Daimler Ag (United States)
- Ebusco (Netherlands)
- IC Bus Corporate (Lisle)
- King Long United Automotive Industry Co. Ltd. (Xiamen, Fujian,Province)
- Proterra Inc. (United States)
- Shenzhen Wuzhoulong Motors Co. Ltd (China)
- Solaris Bus & Coach S.A. (Poland)
- Tesla (Germany)
- Zhengzhou Yutong Group Co. Ltd. (China)
- Zhongtong Bus & Holding Co. Ltd. (Liaocheng, SDG)
For more information about this report visit https://www.researchandmarkets.com/research/rlk74b/global_electric?w=4