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Electric Bus Market Will Reach an Estimated Volume sales of 33,854 units by 2020 Prominent Key Players: BYD Company Limited.,Proterra,,AB Volvo,Daimler AG.,Ashok Leyland,EBUSCO.,Alexander Dennis Limited.,Shenzhen Wuzhoulong Motors

Key Market Dynamics

Surge in air pollution is a significant factor, which is projected to escalate growth of the global electric bus market over the forecast period. Governments of various countries in Europe are taking initiatives and steps to curb pollution, which in turn is boosting demand for electric and hybrid electric vehicles. Additionally, depleting crude oil reserves and unstable fuel prices are adversely affecting the transit agencies and transportation department globally, due to which rising number of alternative, and new energy vehicles are increasingly preferred by governments of various countries, end-users, and customers. The initial investment of the electric buses are generally high, however, operational costs of these vehicles are significantly low as diesel is comparatively costlier than electricity, and various conventional buses mainly run on diesel.
Conversely, the global electric bus market is bound to various challenges. Significant prominence of natural-gas-fuelled buses, the global electric bus market is anticipated to inhibit growth. Additionally, the global electric bus market faces challenges owing to expensive attributes of electric buses, and manufacturing the electric buses is capital-intensive.

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Segment Analysis

The global electric bus market is segmented in terms of product type, and region. On the basis of product type, the electric buses are mainly classified as hybrid electric, purely electric, and plug-in electric buses. The purely electric buses mainly operate on batteries, whereas, plug-in and hybrid electric buses operate on electric propulsion system and conventional fuel. Although, hybrid electric buses conserve energy while decelerating, which finds application in high-intensity tasks, whereas plug-in electric buses require a plug-in power source for the purpose of charging, the combustion engine further boosts the engine later, which further recharges the battery and maintains the energy level.

Hybrid buses is projected to retain dominance in the global electric bus market. Whereas, the pure electric market is estimated to grow at a rapid momentum, due to rising government, and public interest in emission-free transportation.
On the basis of region, China is predicted to remain dominant in the global electric bus market over the forecast period, due to the clean transportation drive in parallel to increasing population introduced by the government. However, various developed countries are hesitant to adopt electric buses in their countries, owing to lack of any regulatory framework designed for them. However, various countries of Europe such as U.K., Germany, and France are estimated to retain prominence in the global electric bus market over the forecast period.

Governments of various countries are focusing on no or low-pollution transportation systems to tackle rising pollution. This, in turn, is driving the electric bus market. Based on drive system, electric buses are categorized as pure electric, hybrid electric, and plug-in hybrid. Most of the electric buses running worldwide are hybrid electric due to their low cost as compared to its other electric counterparts. However, developed countries are focusing on increasing the number of pure electric buses in their fleets.
Air pollution caused by vehicles has been emerging as a serious concern for governments across the globe. This, in turn, is driving demand for public transport facilities with lower emissions. According to the World Health Organization (WHO), air pollution causes about 100,000 deaths every year in Europe, reducing life expectancy by an average of one year. Considering the negative impact of pollution on people, governments around the world are working to find solutions to reduce pollution levels. European countries such as France, the U.K., and Germany are emerging as key markets for electric and hybrid electric vehicles.

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Market Size and Forecast by Region
• North America
o Market Size and Forecast (by volume)
• Europe
o Market Size and Forecast (by volume)
• Asia Pacific
o Market Size and Forecast (by volume)
• Rest of the World (RoW)
o Market Size and Forecast (by volume)

Chapter 1 Preface

1.1 Research Methodology
1.1.1 Regions covered in the report
1.2 Assumptions
Chapter 2 Markt Synopsis

Chapter 3 Porter’s Five Forces Analysis
3.1 Bargaining Power of Buyers
3.2 Bargaining Power of Suppliers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Rivalry Within the Industry
Chapter 4 Industry Overview

4.1 Market Drivers
4.1.1 Growing environmental concerns
4.1.2 Transit agencies’ inclination towards sustainable public fleet systems
4.1.3 Rise in external Investments, funding, and public-private partnerships
4.2 Impact Analysis for Drivers
4.3 Market Restraints
4.3.1 High purchasing costs of electric buses
4.3.2 Popularity of natural gas-fuelled buses
4.4 Impact Analysis for Restraints
4.5 Opportunities and Trends
4.5.1 China is presenting significant growth opportunities for the electric bus market
4.5.2 Launch of several new products in the market
Chapter 5 Market Size and Forecast, by Region

5.1 North America
5.1.1 The U.S.
5.1.2 Canada
5.2 Europe 19
5.2.1 The U.K.
5.2.2 Germany and Spain
5.2.3 France
5.3 Asia Pacific
5.3.1 China
5.3.2 Japan
5.3.3 South Korea
5.3.4 India
5.4 Rest of the World
5.4.1 Russia
5.4.2 Brazil
5.4.3 The Middle East
Chapter 6 Company Profiles

6.1 BYD Company Limited
6.1.1 Company overview
6.1.2 Products and services
6.1.3 Financial performance
6.1.4 Recent development
6.2 Proterra, Inc.
6.2.1 Company overview
6.2.2 Products and services
6.2.3 Financial performance
6.2.4 Recent developments
6.3 AB Volvo (publ)
6.3.1 Company overview
6.3.2 Products and services
6.3.3 Financial performance
6.3.4 Recent development
6.4 Daimler AG
6.4.1 Company overview
6.4.2 Products and services
6.4.3 Financial performance
6.4.4 Recent development

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About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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