AutomotiveElectric Bus Market Synopsis:
Market Research Future (MRFR)’slatest study has revealed that the global automotive electric bus market is setto expand exponentially at 22.8% CAGR during the forecast period 2017 to 2023.Fuel efficiency is the key area of focus in the automotive sector and has pavedthe way for the swift adoption of electric buses. The trend is likely toperpetuate in the foreseeable future, favoring the automotive electric busmarket globally.
Get Free Sample Report in PDFFormat @ https://www.marketresearchfuture.com/sample_request/3202
Rising environmental concernscoupled with initiatives undertaken by the governments in reducing fuelemissions are driving the growth of the automotive electric bus market.Additionally, the manufacturers in the automotive sector have widened theirproduct offerings by adding electric & hybrid electric buses as substitutesto diesel-fueled buses to their product lines. It is projected to have apositive impact on the adoption of electric buses through the projectionperiod.
Electric buses offer variousbenefits such as noise mitigation, thermal comfort, etc. which is likely tointensify the demand for the product in the forthcoming years. Furthermore, theindustry leaders have catalyzed investments in research & developments forproduct development and gaining competitiveness over competitors which isprognosticated to complement the market expansion. However, factors such as thehigh cost of manufacturing, and lack of awareness about usefulness are holdingthe growth of the automotiveelectric bus market and is likely to continue the trend in the next fewyears.
MarketSegmentation:
By charging technology, theglobal automotive electric bus segment is segmented into autonomous andnon-autonomous.
By vehicle type, the automotiveelectric bus market has been segmented intolight duty electric, heavy duty electric, and hybrid electric bus.
RegionalInsights:
By region, the global automotiveelectric bus market share has been segmented into North America,Europe, Asia Pacific, and the Rest of the World. Asia Pacific holds a dominantshare of the global market. It is likely to retain a substantial share of themarket in the forthcoming years. The initiatives undertaken by the governmentsin the region to curb fuel emission has led to the accelerated adoption ofelectric buses. The trend is likely to garner more support by governments overthe forecast period. This, in turn, is expected to aid automotive electric busmarket proliferation over 2023. For instance, China is one of the mostsignificant markets for electric buses and is supported by its government forthe replacement of conventional buses. China is also building the requiredinfrastructure for supporting the optimum use of electric buses.
Europe resonates strong growthopportunities and is anticipated to exhibit immense growth over the next coupleof years. The developed automotive sector and transportation industry is likelyto aid the expansion of the automotive electric bus market in the region. Theinitiatives undertaken by government and organizations for curbing pollutionshas boosted the sales of electric buses. It is likely to catalyze theproliferation of the automotive electric bus market over the next few years.Meanwhile, North America is an important growth pocket and is likely to remaina highly lucrative market through the assessment period.
Access Report @ https://www.marketresearchfuture.com/reports/automotive-electric-bus-market-3202
CompetitiveDashboard:
Some of the key playersprofiled in the report include Daimler AG (Germany), Volvo Group (Sweden),Wright Enrichment Inc (U.S.), Shandong Yi Xing Electric Auto Co.,Ltd (China),Anhui Ankai Automobile Co., Ltd.( China), Zhongtong Bus Holding Co., Ltd.(China), Iveco (Italy), Ebus (Singapore), BYD Auto Co., Ltd (China), and BeiqiFoton Motor Co., Ltd.(China).
AboutMarket Research Future:
Market Research Future (MRFR)is a global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
Contact Us:
Market Research Future
Office No. 524/528, AmanoraChambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
