Electric Bus Market Trends, Size, Share, Growth, Analysis, Future Scope, Forecast To 2022
Electric Bus Market Trends – Overview
The escalation in environmental concerns has driven the development of electric vehicles to help curb the negatives of emissions. Reports that scrutinize the automobile industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. A CAGR of 22.8 % is expected to open the possibility to earn revenues worth USD 82.5 billion by the end of the forecast period.
Regional Analysis
The regional study of the Electric Bus Market Trends includes regions such as APAC, North America, Europe and other regions in the world. The Asia Pacific region is in the controlling position in the Electric Bus Market Trends with improved government initiatives in nations such as Japan, India, and China. China is considered as the principal market for electric buses, and the management is actively encouraging the substitution of conventional buses with electric ones. China is also increasing the vital infrastructure to back the use of electric buses. The European region is identified as one of the important regions for progress and expansion in the bus sector. The governments of several countries in the European region are making plans and steps to control pollution, which in turn is advancing the demand for hybrid and electric vehicles.
Key Players
The foremost companies functioning in the Electric Bus Market Trends are Iveco (Italy), Anhui Ankai Automobile Co., Ltd.(China), Daimler AG (Germany), Volvo Group (Sweden), Wright Enrichment Inc.(U.S.), Zhongtong Bus Holding Co., Ltd.(China), Shandong Yi Xing Electric Auto Co., Ltd (China), BYD Auto Co., Ltd (China), Ebus (Singapore) and Beiqi Foton Motor Co., Ltd.(China).
Industry Updates
Nov 2019 BYD has recently announced that it had accepted its initial order from Norwegian public transport provider Unibuss. The Chinese electric bus manufacturer stated that 23 12 meter eBuses were planned for distribution in the next quarter of 2020 for operation on roads in and around Oslo.
Segmental Analysis
The segmental overview of the Electric Bus Market Trends is conducted on the basis of charging technology, vehicle type, and region. On the basis of charging technology, the Electric Bus Market Trends is segmented into non-autonomous and autonomous. Based on the vehicle types, the Electric Bus Market Trends is segmented into heavy-duty electric, light-duty electric, and hybrid-electric bus. Based on the regions, the Electric Bus Market Trends is segmented into APAC, North America, Europe and other regions in the world.
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