Press release
E-Bus Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2030
E-Bus Market 2022
The global electric bus market is estimated to account for 67,854 units in terms of volume, and register a CAGR of 28.0% over the forecast period, 2020 - 2030.
The global electric bus market is basically driven by the ever-increasing emphasis of economies on promotion of electrifying mass transit solutions coupled with governments' support. The other factors to ponder about are depleting reserves of crude oil and increase in air pollution at an alarming rate. As such, hybrid and electric vehicles are being preferred by end-users throughout the world. Though the initial funding is high, it eventually proves to be profitable due to low operational cost. Increase in awareness on this count is bound to fuel the market growth going forward.
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Key Companies-
• BYD Company Limited.
• Proterra, Inc.
• AB Volvo (publ).
• Daimler AG.
• Solaris Bus & Coach S.A.
• Zhongtong Bus & Holding Co., Ltd.
• Ashok Leyland, Ltd.
• EBUSCO.
• Alexander Dennis Limited.
• Shenzhen Wuzhoulong Motors Co., Ltd.
How is the Electric Bus Market Structured?
The key players in this market include BYD Company, AB Volvo, Proterra, Ashok Layland, Daimler, and EBUSCO.
The pre-Covid-19 era did witness hoards of development herein. For instance - Yutong, in Jun 2019, did launch ZK6907H of novel 7 series. The additional 4 star models include the T7 3.5T gasoline version, hydrogen fuel cell bus F8, L4 self-driving bus, and new high-end intelligent connected city bus U10.
EBUSCO, in Mar 2019, did acquire Alexander Dennis Ltd. to strengthen its portfolio of double decker buses. The same player, in Dec 2018, did announce development of electric bus for Deursche Bahn. The bus did run upto 450 Km, that too, without any top up. It inked an agreement with "DB Regio Bus" later.
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Key Takeaways from the electric Bus Market
• The present as well as future belong to the Asia-Pacific. This could be credited to the fact that Shenzhen holds the distinction of being the very first city to have a 100% electrified fleet of public transport. Also, majority of OEMs present herein add to the revenue generation.
• The governments across the globe are on to replacement of public transport in existence with emission-free public transport as a constructive step towards "going green".
• As far as length of electric bus is concerned, the one with 9-14 m is expected to dominate (with the other two being above 14 m and less than 9 m) the market due to fitment of big volumes of the electric passenger buses therein.
• MEA is expected to grow at the fastest pace in the years to come due to OEMs expanding along with backing from the governments.
Covid-19 Effect on Electric Bus Industry
The outbreak of Covid-19 has stalled the electric bus market for the time being. Due to partial/total lockdown enforced throughout, electric bus, or for that matter, any mode of public transport is hardly plying on the roads. This situation is expected to persist till mid-2021 (till Covid-19 vaccine is in place).
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Key Questions Answered in This Report -
• What are the Roadblocks for Electric Bus Suppliers?
• What are the Key Opportunities for Electric Bus Manufacturers?
• How is Focus on Safety Influencing Electric Bus Demand?
• What is the Regulatory Impact on Global Sales of Electric Bus?
• Which Region Offers the Largest Opportunity for Sales of Electric Bus?
• Where Does the U.S. Stand in the Market for Electric Bus?
• What Is the Outlook for Electric Bus Manufacturers in China?
• Why is Germany a Lucrative Market for Electric Bus Manufacturers?
• Why Will Belgium Outpace Other European Markets for Electric Bus?
• Why is There High Demand for Tires in Electric Bus?
• Why are Sales of Tubeless Electric Bus Surging?
Request you to Read More-
Electric Bikes Market - https://www.persistencemarketresearch.com/market-research/electric-bikes-market.asp
Global electric vehicles market is projected to grow at an impressive CAGR of 15.6% in terms of revenue generated over the forecast period from 2016 to 2030.
India Electric Vehicles Market - https://www.persistencemarketresearch.com/market-research/india-electric-vehicles-market.asp
India Electric Vehicles Market Segmented By Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle Technology with Stored Electricity, On-Board Electric, Generator Power Source with Series Hybrid, Parallel Hybrid, Combined Hybrid Powertrain.
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