Rising Penetration of Electric Buses in Public Transportation System of Developed Countries Presents Sizeable Opportunity

Published On : 29 Aug 2016

QYResearchReports.com now features a new report, titled “Global Electric Bus Market Professional Survey Report 2016”, which is a detailed overview of the several aspects used in fulfilling the survey. The report provides insights into the competitive landscape of the global electric bus market. It also mentions the description of the key players including their market share, revenue and cost structure, product specification, capacity, latest development, and contact information.

The report has been compiled using market reviews from industrial experts. The report presents a comprehensive study of the factors that, according to professionals, can drive or restraint the growth of the global electric bus market. The basic appeal of the electric buses is that it helps in curtailing the carbon emission levels. Governments across various countries are taking steps towards switching their public transportation systems with electric buses. Also, government rewards and subsidy schemes have encouraged transport agencies across various nations to start adding more and more electric and hybrid electric buses in their networks. Such incentives give a great boost to the manufacturers in the global electric bus market. 

Moreover, the expansion of the transportation sector across various key countries has boosted the growth of the global electric bus market. Furthermore, the growing concern regarding energy security, especially in developed countries, is likely to present immense growth opportunities to the vendors in the market.

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However, the electric bus market is still at a nascent stage and there is a pressing need for technical development to overcome operational issues of electric buses. The technological advancement can also promote their large scale adoption in public transit infrastructure, which is otherwise hindered due to their premium prices. The price of electric buses is almost twice as much as their traditional counterparts.

The report includes geographical trends obtained from surveying the key contributing regions. The global electric bus market has been segmented into Europe, Southeast Asia, Japan, North America, China, and India. In Europe, the demand for electric buses is mostly driven by the U.K., France, and Germany. The governments of these developed nations have backed the rising penetration of electric buses in the public transportation system. The emerging economic structure of countries such as Indi and Russia hold notable growth potential for the global electric buses market. However, the lack of infrastructure, such as charging stations and low level of environment awareness has limited the acceptance of electric buses in these countries. China is one of the leading and fastest growing markets with a large number of domestic manufacturers producing low cost bus.

The report gives an in-depth analysis of capacity, technical data and manufacturing plants, manufacturing cost structure, and production. It also offers insights into upstream investments, raw materials and equipment, and downstream consumer analysis. The information regarding various distribution and marketing channels and scope of new investment projects has also been presented in the report. Some of the key players are Tata Star Buses, BYD Company, Temsa, Volvo, Daimler, Proterra, EBUS, MAN, SOR, Hyundai, CT&T, and Novabus. 


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