Australia Electric Bus Market to Grow at Formidable Pace During Forecast Period

Rising concerns about global warming along with increasing government support to reduce air pollution to drive Australia electric bus market through 2024

According to TechSci Research report, “Australia Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024”, Australia electric bus market is expected to grow at a robust CAGR during the forecast period owing to the increasing concerns towards the environment due to rising pollution, declining prices of batteries and increasing number of electric bus manufacturers in the country. In order to tackle the serious environmental issues, the government of the country have initiated changes in the public transportation systems, by replacing the heavy-duty diesel and gasoline-run buses with zero-emission electric buses, thereby bolstering Australia electric bus market. However, factors like less range, higher weight, higher procurement costs, among others are likely to hamper the growth of the market.

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Australia electric bus market is segmented based on seating type, battery type, application, bus length, region and company. Based on bus length, the market can be segmented into 6-8m, 9-12m and above 12m. The 9-12cm length segment is anticipated to register the highest CAGR during the forecast period since it is preferred by (STUs) State Road Transport Undertakings in the country. BYD Australia Co. Ltd., Volgren Australia Pty. Ltd, Transit Australia Group (TAG) and Bustech Pty Ltd. are some of the leading players operating in Australia electric bus market.

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“To improve air quality, the Australian government is taking several steps, among which electrification of the automotive industry is a key step. Additionally, anticipated increase in demand for electric buses in Australia is backed by the fact that the electric bus operates with lower noise and vibration due to the absence of mechanical parts, which helps in controlling noise pollution as well.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Australia electric bus market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia electric bus market.

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