openPR Logo
Press release

South Korea Electric Bus Market Size, Industry Trends, Share and Forecast 2019 -2025

02-25-2021 08:45 AM CET | Logistics & Transport

Press release from: Orion Market Research

South Korea electric bus market is anticipated to grow at a significant rate during the forecast period (2019-2025). The major factors that are driving the market include the rising demand for improvement in public transport, the cohesive government plan for electrification of public transport, and rapid urbanization.
Electric buses in Seoul surpassed the mark of 150 by 2020, further, the government aims to procure more than 110 electric buses by 2021 as well. The Seoul city government is working to replace buses operated by CNG with battery-powered electric buses. As of the end of 2018, the 143 zero-emission buses had joined 29 eBuses already in service on three routes. Hyundai, Edison Motors, and High were jointly responsible for these buses.

To Request a Sample of our Report on Global Rainwater Harvesting Market: https://www.omrglobal.com/request-sample/south-korea-electric-bus-market

Furthermore, Hyundai has provided as many as 30 fuel cell buses to six cities. By the year 2022, the aim of the Memorandum of Understanding signed by Hyundai and government institutions is to have 1,000 hydrogen and electric buses on the road nationwide. Further, a rising number of R&D in an electric vehicle is expected to propel the market growth in the near future. For instance, in May 2019, Hyundai motors launched a new electric double-decker bus as a part of the company’s effort to increase the electric bus fleet in South Korea, which in turn is assisting the market growth.

(Get 15% Discount on Buying this Report)
A full Report of South Korea Electric Bus Market is Available at: https://www.omrglobal.com/industry-reports/south-korea-electric-bus-market

Market Coverage

• The market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- Bus Type, Battery Type, and End-User

Region Covered- South Korea

• Competitive Landscape- BYD Co. Ltd., Edison Motors, High Bus Co. Ltd., and Hyundai Motor Co.

South Korea Electric Bus Market Report Segment

By Bus Type

• Hybrid Electric Bus
• Fuel Cell Electric Bus
• Battery Electric Bus

By Battery Type

• Lithium-ion batteries
• NiMH Batteries
• Others

By End-User

• Government
• Fleet Owner

Company Profiles
• BYD Co. Ltd.
• Edison Motors
• Higer Bus Co. Ltd.
• Hyundai Motor Co.

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/south-korea-electric-bus-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release South Korea Electric Bus Market Size, Industry Trends, Share and Forecast 2019 -2025 here

News-ID: 2248488 • Views:

More Releases from Orion Market Research

Cryptocurrency Payment Apps Market Set to Witness Significant Growth by 2033 | Crypto.com, BlockFi, Paxful, Bitfinex, and eToro
Cryptocurrency Payment Apps Market Set to Witness Significant Growth by 2033 | C …
The Cryptocurrency Payment Apps Market was valued at approximately USD 556.9 million in 2024, and it's projected to reach around USD 2.40 billion by 2033, with a compound annual growth rate (CAGR) of approximately 17.8% from 2025 to 2033. Cryptocurrency Payment Apps Market Overview The Cryptocurrency Payment Apps Market is witnessing rapid expansion as blockchain-based transactions become mainstream across both digital and physical platforms. Built on trust in decentralized systems, these apps
Cosmetics and Perfumery Glass Bottles Market Estimated to Experience a Hike in Growth by 2033
Cosmetics and Perfumery Glass Bottles Market Estimated to Experience a Hike in G …
The global cosmetics and perfumery glass bottles market was valued at approximately USD 4 billion in 2023 and is projected to reach around USD 6.51 billion by 2033, growing at a compound annual growth rate (CAGR) of 5% from 2024 to 2033. Cosmetics and Perfumery Glass Bottles Market Overview The cosmetics and perfumery glass bottles market is experiencing steady growth, driven by increasing consumer demand for premium and eco-friendly packaging solutions.
Electric Three Wheeler Market Set to Witness Significant Growth by 2033 | Terra Motors Corporation, Kinetic Green Energy & Power Solutions Ltd.
Electric Three Wheeler Market Set to Witness Significant Growth by 2033 | Terra …
The Electric Three-Wheeler Market was valued at approximately USD 783 million in 2024, and is projected to reach USD 1,565.2 million by 2033, with an expected compound annual growth rate (CAGR) of 8% between 2025 and 2033. Electric Three Wheeler Market Overview The global Electric Three-Wheeler Market is rapidly expanding, driven by increasing demand for eco-friendly and cost-effective urban transport solutions. Favorable government incentives and strict emission norms are fueling
Complete Vacation Rental Software Market - Current Impact to Make Big Changes by 2033
Complete Vacation Rental Software Market - Current Impact to Make Big Changes by …
The Complete Vacation Rental Software Market was valued at approximately USD 1.4 billion in 2023 and is projected to reach around USD 4.9 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2033. Complete Vacation Rental Software Market Overview The Complete Vacation Rental Software Market encompasses comprehensive platforms designed to streamline the management of vacation rental properties. These software solutions integrate various functionalities such

All 5 Releases


More Releases for Bus

Fire-resistant bus duct is a special bus duct
Fire-resistant bus duct [https://www.zrutong.com/corrosion-resistant-intensive-busbar-strength-aluminum-alloy-structure-special-anti-corrosion-treatment-product/] is a special bus duct, which adopts special materials and structural design, and can maintain good electrical performance in high temperature environment, ensuring the continuous supply of electricity. Its structure is generally composed of conductor, insulation layer and shell. The conductor is usually made of copper or aluminum, which has good conductivity and strength; the insulation layer is an important part to ensure that the current
School Bus Market is Booming Worldwide | Starcraft Bus, Trans Tech, IC Bus, Thom …
Advance Market Analytics published a new research publication on "School Bus Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the School Bus market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of
Autonomous Bus Door Market Future Prospects - Schaltbau Holding, Vapor Bus Inter …
This intensive research report entitled Autonomous Bus Door Market 2023 compiled and published by MarketsandResearch.biz entails a market synopsis and offers a definition & outline of the market. The report comprises historical data, significance, statistical data, size & share, market analysis by product and market trends by key players, and market price & demand. The market is separated by product type, application, and country. The report targets the current as
Global School Bus Market 2019 - Collins Industries, Starcraft Bus, Trans Tech, I …
School Bus Market The global School Bus market research report comprises of the basic insights that are relevant to the global market. The report being an all-inclusive one will be of great help to the users in order to understand not only the market trends, but also the size, forecast trends, production, share, demand, sales, and many such aspects International global School Bus market report has been replete with step by step
Global School Bus Market 2018 - Micro Bird, Starcraft Bus, Trans Tech, Van Con, …
Eminent Market Reports, recently published a detailed market research study focused on the “School Bus Market” across the global, regional and country level. The report provides 360° analysis of “School Bus Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of School Bus on
Global Bus Market 2018 - Beiqi Foton Motor, JMCG, JAC, BYD, Yangzhou Asiastar Bu …
Eminent Market Reports, recently published a detailed market research study focused on the “Bus Market” across the global, regional and country level. The report provides 360° analysis of “Bus Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Bus on the basis of