Press release
Global Electric Bus Market Opportunity Assessment: Identifying Growth Potential and Target Segments
Global Electric Bus Market
Electric buses refer to buses that are powered by electricity, typically using rechargeable battery packs or overhead electric wires (in the case of trolleybuses). They are an eco-friendly alternative to traditional diesel or gasoline-powered buses, contributing to reduced emissions and improved air quality in urban areas. Environmental Concerns and Government Initiatives: Growing concerns about air pollution and the need to mitigate climate change have led governments and regulatory bodies worldwide to prioritize the adoption of clean transportation solutions. Governments are implementing supportive policies, offering financial incentives, and setting targets for the adoption of electric buses, thereby driving market growth
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Rapid advancements in battery technology, including the development of high-capacity lithium-ion batteries, have significantly improved the range and performance of electric buses. Additionally, economies of scale and advancements in manufacturing processes have led to a reduction in the overall cost of electric buses, making them more competitive with conventional buses.
Recent Developments:
• In 2020, Switch Mobility, the electric vehicle division of Ashok Leyland, a prominent commercial vehicle company, has declared that the Switch 12m electric bus will be introduced on June 14, 2022. As the company commemorated its first year in India, it expanded its global reach to nine locations spanning the United Kingdom, Spain, and India. Moreover, Switch Mobility has unveiled its intention to invest £300 million in the UK and India for the advancement of their electric bus and light commercial vehicle lineup. This investment is projected to generate more than 4,000 skilled job opportunities in both countries.
Market Key Players:
• BYD Company Ltd.
• Proterra Inc.
• Yutong Group
• Zhongtong Bus Holding Co., Ltd.
• NFI Group Inc. (New Flyer Industries)
• VDL Groep
• Alexander Dennis Limited
• Solaris Bus & Coach S.A.
• Volvo Group
• Daimler AG (Mercedes-Benz)
• Others.
Segmentation :
Bus Type
• Battery Electric Bus (BEB)
• Plug-in Hybrid Electric Bus (PHEB)
• Fuel Cell Electric Bus (FCEB).
Length of Bus
• Less than 10 meters
• 10-15 meters
• above 15 meters.
Application
• Public Transit
• Intercity/Intracity
• Others.
Regional Analysis:
North America
Europe
Asia-Pacific
South America
MEA
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Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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