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Electric Bus Market to Remain Growth Proficient with Rapid Adoption in North American & European Nations | BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden)

12-05-2021 12:15 PM CET | Logistics & Transport

Press release from: Adroit Market Research

Traditional fuel-based bus networks cause tremendous damage to public health and the environment and this is coining feasible alternatives such as electric buses. Adroit Market Research report finds out more on the growth scope of the global electric bus market in its latest report publication.

Request a report sample to gain comprehensive market insights @ https://www.adroitmarketresearch.com/contacts/request-sample/522

Developed economies across Europe and North America are swiftly adapting to electric bus networks, thereby helping in the global expansion of the electric bus market. The Board of Los Angeles Metro undersigned contracts to purchase over 90 electric buses from multiple sources to introduce electric bus mobility by 2021. Additionally, other states such as Oregon and California have also emerged to launch electric buses after they bagged USD 3.5 million in funding to substitute legacy diesel buses.

Key Market Players

The global electric bus market is dominated by major players such as BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Electric Bus Market Report Scope

Report Attribute Details
Base Year 2020
Historical Data 2016 – 2020
Forecast Period 2021 – 2028
Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2028
Segments Covered By Product Type, By Application, and By End Use
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Customization scope Avail customized purchase options to meet your exact research needs.
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Pricing and Purchase Options Avail of customized purchase options to meet your exact research needs. Explore purchase options

For more insights, You can request for TOC at @ https://www.adroitmarketresearch.com/industry-reports/electric-bus-market

Electricity is one of the cheapest resources as opposed to gasoline-based fuel, therefore it is a much convenient and cost-efficient fuel option.

Electric buses are of low maintenance and ensure smooth rides with minimum impact on brakes, thus ensuring improved longevity. To cope with the soaring population and need for efficient, pollution-free transport models, the global electric bus market is expected to emerge as one of the fastest-growing industries. Denmark is one of the first European nations to deploy electric buses across Europe, followed by other nations such as Netherlands and Luxembourg.

Besides developed economies, countries across APAC are also adopting electric bus models to manage transportation needs and environmental concerns. In a recent development, Brihanmumbai Electric Supply and Transport (BEST), Maharashtra's state transport system in India has announced the launch of electric buses. The development is expected to steer growth in the global electric bus market as nations such as India aspires to transform legacy transport system into electric by 2028.

Backed by factors such as stringent environmental rules, transport infrastructure development, and technological developments, the global electric bus market is expected to remain sustainable in the coming years. Some of the prominent segments include battery capacity, power output, propulsion type, range, and region. Based on propulsion, PHEV, FCEV, and BEV are the major segment types.

Make an Enquire to Buy this Report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/522

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX 75204, U.S.A
Phone No.: USA: +1 972-362 -8199 / +91 9665341414

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