Electric Bus Market to Register Strong Growth at CAGR of 25.0% by 2023 | Analysis by Global Key Players - Daimler AG, Anhui Ankai Automobile, BYD, Iveco, Nanjing Jiayuan EV, New Flyer Industries, Proterra, Ryobi Bus, Scannia AB

Marketprognosis.com Publish a New Market Research Report On “Global Electric Bus Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Electric Bus Market:

The report spread across 105 pages is an overview of the Global Electric Bus Market. These report study based on the Electric Bus Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Electric Bus Market with a growing CAGR of 25.0% during the forecast period (2018 - 2023). The growth of the global electric bus market is attributed to the rising fuel prices and increased environmental concerns. Asia-Pacific is leading the global electric bus market with increased government initiatives in countries like India, China and Japan.

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Environmental concerns have resulted in a transformation of the transportation industry from the fossil fuel powered-engines to electric drivetrains. Though the electric vehicles were thought as an impractical replacement for the combustion engines, the rate at which the electric vehicle market is growing shows that the transformation is happening at a rate far faster than expected. The transformation has not just happened in the smaller passenger vehicle segment but can also be seen in the large commercial vehicles especially buses. Many governments across the world have initiated changes in the public transportation system by replacing the heavy duty diesel and gasoline run buses with zero emission electric buses. This move by the governments has helped the market to grow at a CAGR of nearly 25% and the market is expected to touch a value of USD 90 billion by the end of the year 2023.

Government Plans for Electrification of Public Transportation; The overriding problem of pollution caused especially by automobiles has made governments in many countries to take drastic measures to keep them under control. One such move commonly seen across many countries is the electrification of public transportation. The smoke chugging combustion engine vehicles are being replaced in many countries and many more countries are expected to join the move. China, which has seen the adverse effects of the industrialization, is in the forefront in public transport buses electrification making other markets look minute. The country accounts for more than 90% of the global electric bus stock.

Though the electrification of public transport buses is a viable way of controlling vehicle emissions, the high cost of the electric buses is hindering the market from growing at a further faster rate. The electric buses are nearly 3 to 4 times more than the conventional combustion engines buses and about twice more than the hybrid counterpart. Also, the fact that the electric drivetrains and the battery power sources are in the nascent stages of development is slowing the market which has potential the potential to grow at an explosive rate.

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Major Key Players:

1 Daimler AG

2 Anhui Ankai Automobile

3 BYD

4 Iveco

5 Nanjing Jiayuan EV

6 New Flyer Industries

7 Proterra Inc

8 Ryobi Bus

9 Scannia AB and More……………..

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This study answers to the below key questions:

1 What are the key market trends?

2 What will the market size be in 2023 and what will the growth rate be?

3 What are the strengths and weaknesses of the key vendors?

4 Who are the key vendors in this market space?

5 What is driving this market?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the challenges to market growth?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Electric Bus Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview and Technology Trends

5 Market Dynamics

6 Global Electric Bus Market By Vehicle Type

7 Global Electric Bus Market -By Consumer Segment

8 Global Electric Bus Market -By Geography

9 Competitive Landscape

10 Company Profiles

11 Future Outlook

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