Electric Bus Market 2018: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024
The report provides both quantitative and qualitative information of global Electric Bus market for period of 2018 to 2025. As per the analysis provided in the report, the global market of Electric Bus is estimated to growth at a CAGR of _% during the forecast period 2018 to 2025 and is expected to rise to USD _ million/billion by the end of year 2025. In the year 2016, the global Electric Bus market was valued at USD _ million/billion.
This research report based on ‘ Electric Bus market’ and available with Market Study Report includes latest and upcoming industry trends in addition to the global spectrum of the ‘ Electric Bus market’ that includes numerous regions. Likewise, the report also expands on intricate details pertaining to contributions by key players, demand and supply analysis as well as market share growth of the Electric Bus industry.
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Electric Bus Market Overview:
The Research projects that the Electric Bus market size will grow from in 2018 to by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2018, and the market size is projected from 2018 to 2024.
Leading manufacturers of Electric Bus Market:
There are three main categories of electric buses, namely, pure electric, hybrid electric, and plug-in hybrid electric. Pure electric buses use batteries for their operations, while hybrid electric buses use conventional fuel and electric propulsion systems. Plug-in hybrid buses have similar functionality as hybrid electric buses. However, hybrid electric buses store energy when the bus decelerates, whereas plug-in hybrid buses require an external plug-in power source for charging. Power generated in hybrid electric buses is used for high intensity tasks such as accelerating from standstill. The combustion engine later boosts the vehicle’s movement and also recharges the battery.
Unstable fuel prices and depleting crude oil reserves are influencing transport departments and transit agencies globally to increase the number of alternate and new energy vehicles. Some of the transit agencies in developed countries are considering long-term benefits as opposed to short-term costs while purchasing buses. Electric buses require high initial investment. However, their operational cost is significantly low as compared to that of conventional buses as electricity is cheaper than diesel.
Electric bus manufacturing is a capital intensive market. Most large automotive companies have not forayed into the market as it is in the nascent phase. Funding from external investors is one of the key reasons for the growth of electric bus market. For instance, venture capitalists such as Kleiner Perkins Caufield & Byers and General Motors Ventures LLC invested USD 30.0 million in Proterra Inc., an electric bus manufacturing company based in the U.S., in June 2014. Moreover, the company raised over USD 120 million from private equity funding since 2011.
China has been crusading towards its goal of pollution free transportation environment under which it has been focusing on increasing the number of electric vehicles in the country. The government is encouraging the purchase of electric buses in several other ways.
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Some important highlights from the report include:
- The report offers a precise analysis of the product range of the Electric Bus market, meticulously segmented into applications
- Key details concerning production volume and price trends have been provided.
- The report also covers the market share accumulated by each product in the Electric Bus market, along with production growth.
- The report provides a brief summary of the Electric Bus application spectrum that is mainly segmented into Industrial Applications
- Extensive details pertaining to the market share garnered by each application, as well as the details of the estimated growth rate and product consumption to be accounted for by each application have been provided.
- The report also covers the industry concentration rate with reference to raw materials.
- The relevant price and sales in the Electric Bus market together with the foreseeable growth trends for the Electric Bus market is included in the report.
- The study offers a thorough evaluation of the marketing strategy portfolio, comprising several marketing channels which manufacturers deploy to endorse their products.
- The report also suggests considerable data with reference to the marketing channel development trends and market position. Concerning market position, the report reflects on aspects such as branding, target clientele and pricing strategies.
- The numerous distributors who belong to the major suppliers, supply chain and the ever-changing price patterns of raw material have been highlighted in the report.
- An idea of the manufacturing cost along with a detailed mention of the labor costs is included in the report.
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The Questions Answered by Electric Bus Market Report:
- What are the Key Manufacturers, raw material suppliers, equipment suppliers, end users, traders And distributors in Electric Bus Market ?
- What are Growth factors influencing Electric Bus Market Growth?
- What are production processes, major issues, and solutions to mitigate the development risk?
- What is the Contribution from Regional Manufacturers?
- What are the Key Market segment, market potential, influential trends, and the challenges that the market is facing?
And Many More….