The global electric bus market is estimated to account for 33,854 units in terms of volume, and register a CAGR of 28.0% over the forecast period, 2014-2020.
The global electric bus market is basically driven by the ever-increasing emphasis of economies on promotion of electrifying mass transit solutions coupled with governments’ support. The other factors to ponder about are depleting reserves of crude oil and increase in air pollution at an alarming rate. As such, hybrid and electric vehicles are being preferred by end-users throughout the world. Though the initial funding is high, it eventually proves to be profitable due to low operational cost. Increase in awareness on this count is bound to fuel the market growth going forward.
FACTS AT A GLANCE
Companies: EBUSCO, Alexander Dennis, Daimler, Ashok Leyland, Proterra, AB Volvo, and BYD Company limited are some key players that operate in the global electric bus market.
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Coverage: All major geographies and key segments
Segments: Usage (General purpose beds, Birthing beds, Pediatric beds, Bariatric beds,Pressure relief beds); By Power (Electric beds,Semi-Electric beds,Manual beds); By Treatment(Critical care beds,Acute care beds,Long-term care beds)
Geographies:On the basis of region, China is predicted to remain dominant in the global electric bus market over the forecast period, due to the clean transportation drive in parallel to increasing population introduced by the government. However, various developed countries are hesitant to adopt electric buses in their countries, owing to lack of any regulatory framework designed for them. However, various countries of Europe such as U.K., Germany, and France are estimated to retain prominence in the global electric bus market over the forecast period.
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ABSTRACT-
The global electric bus market report compiled by Persistence Market Research provides in-depth analysis for six-year forecast period, 2014-202. The primary objective of this report is to offer an extensive analysis and estimation of all the information related to the market, which comprises of factors that drive growth of the market, factors that inhibit growth the market, trends, opportunities, and recent developments related to the global electric bus market. The forecast presented in the report assesses the total revenue generated and the expected revenue over the forecast period.
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The report begins with a general overview regarding applications of electric buses among various other transportation options. Apart from applications and benefits of electric buses, this report throws light on various factors, which are responsible for contributing towards growth of the market, and factors that are inhibiting growth of the market in the upcoming years. Into the bargain, electric buses are classified into three, which are namely plug-in electric buses, hybrid electric buses, and purely electric buses. Owing to their attribute, the hybrid buses are estimated to retain dominance in the global electric bus market during the forecast period. However, plug-in electric buses mainly rely on battery and its energy, which could further restrain growth of the market in the span of next six years. Furthermore, in terms of region, various region-specific factors are analyzed to conclude if these factors will impact the global electric market in positive or negative manner. These factors are taken into consideration, if they will boost growth of the market, or inhibit growth of the global electric market during the forecast period.
The next section of the report highlights various segments of the global electric bus market. The segmentation includes product type, region, and application type. This report analyzes segment-specific factors, which are predicted to inhibit or boost growth of the global electric bus market throughout the forecast period. The last section of the report includes leading international players that operate in the global electric bus market.
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