Press release
Automotive Electric Bus Market Is Expected To Reach USD 82.5 Billion By 2023
Automotive Electric Bus Market
The global market of automotive electric bus around the world is growing rapidly. Technological advancements and heavy investments are helping automotive electric bus to grow. Developed countries are replacing their existing diesel and natural gas based public transit to zero emission buses. The surge in urbanization, along with lower operating cost of electric buses is propelling their growth in the developing countries. New trend shows that research and development is being carried on by automotive electric bus manufacturers to introduce innovative features and technology, which is pushing the market towards growth.
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Key Players of Automotive Electric Bus Market:
• Daimler AG (Germany)
• Anhui Ankai Automobile Co., Ltd. (China)
• Volvo Group (Sweden), Wright Enrichment Inc (U.S.)
• Shandong Yi Xing Electric Auto Co., Ltd (China)
• Zhongtong Bus Holding Co., Ltd. (China)
• BYD Auto Co., Ltd (China)
• Iveco (Italy)
• Ebus (Singapore)
• Beiqi Foton Motor Co., Ltd. (China)
Market Research Future Analysis:
Market Research Future analysis shows that the global market of Automotive Electric Bus Market Is Estimated to Grow at USD 82.5 Billion By The End Of Year 2023. Currently, Asia-Pacific is dominating the market. Countries such as China and India give this market a competitive advantage over the other regions. China is one of the dominant region for global electric bus market, due to the improved in drive quality and power and are designed exclusively for commercial purposes. Moreover, Indian bus market is fast moving towards electric and hybrid solutions.
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