Electric Bus Market to Witness Robust Growth until 2024

Rising environmental concerns coupled with increasing government investments in fuel saving technologies to drive global electric bus market through 2024

According to TechSci Research report, “Global Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, By Region, Competition, Forecast & Opportunities, 2024”, the global electric bus market is expected to grow at a CAGR of around 20% during the forecast period. The electric buses are witnessing adoption owing to the increasing urbanization. Moreover, increasing demand for alternate fuels, rising air and noise pollution, advancements in the field of electric mobility, among others are some of the important factors driving the global electric bus market. Additionally, the subsidy allocation for purchasing these vehicles by governments of developing economies would further fuel growth in the market. However, lack of technical awareness and high procurement cost are likely to hamper the growth of market.

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

https://www.techsciresearch.com/report/electric-bus-market/4176.html

The global electric bus market is segmented based on seating type, battery type, application, bus length, region and company. Based on seating type, the market can be fragmented into up to 30-seater, 31-40-seater, 41-50-seater and above 50. The up to 30-seater segment is expected to hold the largest market share during the forecast period attributable to their compact body, ease of boarding and capacity of storing large volume of luggage. On the basis of bus length, the market can be categorized into 6-8m, 9-12m and above 12m. Of all, the 9-12m length market is expected to register the highest CAGR during the forecast period owing to their precise length which is preferred by the transport authority.

Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=4176

Customers can also request for 10% free customization on this report.

“Asia-Pacific is expected to dominate and grow at the fastest rate during the forecast period, owing to the increasing investments in alternative fuel technologies in the region. Sales in Asia-Pacific are dominated by regional players. These companies have strong presence owing to well-established distribution channels. China is the largest producer and is investing heavily in 5^th generation electric buses. Additionally, governments in various countries of the region are providing subsidies and tax benefits to electric bus manufacturers, thereby further propelling demand for electric buses.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. AB Volvo, BYD Company Limited, Daimler AG, Zhengzhou Yutong Bus Co., Ltd., Anhui Ankai Automobile Co. Ltd., Iveco S.p.A., Scania AB, New Flyer Industries, Dongfeng Automobile Co., Ltd., GreenPower Motor Company Inc., among others are some of the leading players operating in global electric bus market.

“Global Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global 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 global electric bus market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]