China Electric Bus Market to Witness Impressive Growth until 2024

Rising population coupled with growing government support towards the use of electric buses to drive China electric bus market through 2024

According to TechSci Research report, “China Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024”, the electric bus market in China is anticipated to grow at an impressive rate on account of strong focus of the government to boost clean energy adoption and reduce air pollution levels. Moreover, reduction in the prices of battery and incentives offered by the government are further promoting the growth of electric bus market in China. Additionally, Shenzhen is the first city in the world to have entire fleet of buses running on electricity.

Browse market data Figures and Tables spread through 70 Pages and an in-depth TOC on “China Electric Bus Market”

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Electric bus market in China can be segregated based on seating capacity, battery type, application, bus length and region. Among battery types, lithium ion battery is witnessing high demand as due to advancements in lithium ion battery, the overall weight of the bus is reduced and lifespan of the bus, when compared with lead acid counterparts, is also increased, thereby promoting the growth of the lithium ion battery segment. In terms of seating capacity, China electric bus market can be segmented into up to 30-seater, 31-40 seater and above 40-seater. Up to 30-seater is the preferred type on account of high sales of the electric buses in this segment.

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Major players operating in the market include BYD Company Limited, Zhengzhou Yutong Bus Co., Ltd., Anhui Ankai Automobile Co., Ltd., King Long United Automotive Industry Co., Ltd,

Volvo, Nanjing Jiayuan EV, Suzhou Eagle Electric Vehicle, Zhongtong Bus & Holding Co., Ltd., ANKAI, HIGER, among others. “China electric bus market is anticipated to grow at a brisk rate during the forecast period on account of government regulation on low carbon emission and favorable policies for the adoption of electric buses. Additionally, presence of leading electric bus and EV battery manufacturers in the country is further positively influencing the growth of the electric bus market in China.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“China Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024”, has analyzed the potential of electric bus market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by China electric bus market.

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