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Automotive Electric Bus Market 2019
Automotive Electric Bus Market 2019 Global Research Report- Forecast to 2023 is in-depth
research on Global Automotive Electric Bus Industry, comprises comprehensive data on
Global Automotive Electric Bus Market Size, Share, Trends, Key Players, Growth Statistics,
with historic and forecast data up to 2023. For better easy understanding this report
segments Global Automotive Electric Bus Market, By Charging technology (Autonomous,
Non-autonomous), By Vehicle Type (Light Duty Electric, Heavy Duty Electric and Hybrid
Electric Bus) and region - Forecast 2017-2023.
The Major Players Operating in The Market of Global Automotive Electric Bus Are:
Daimler AG (Germany), Anhui Ankai Automobile Co., Ltd.( China), Volvo Group (Sweden),
Wright Enrichment Inc(U.S.), Shandong Yi Xing Electric Auto Co.,Ltd (China), Zhongtong
Bus Holding Co., Ltd.( China), BYD Auto Co., Ltd ( China), Iveco (Italy), Ebus (Singapore) and
Beiqi Foton Motor Co., Ltd.(China).
Market is expected to reach at market size of USD 82.5 billion by the end of forecast
period with CAGR of 22.8% between 2017 and 2023.
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Market Synopsis of Automotive Electric Bus Market
Rising environmental concerns and increasing government investments in fuel saving
technologies & alternative fuel vehicles are driving the growth of the global electric bus
market. Increasing number of global bus manufacturers are opting to manufacture electric
& hybrid electric buses as substitutes to diesel fueled buses, thus pushing the market
towards growth. Benefits such as thermal comfort and noise reduction offered by these will
further enhance automotive electric bus market. Electric & hybrid electric buses helps to
reduce the effects of solar heat build-up inside the car as well as turn into a filter for
disruptive noises like car horns and construction work.
Whereas, high cost associated with manufacturers, lack of awareness about usability and
benefits hamper the growth of the market, significantly.
Regional Analysis
Asia-Pacific is dominating the automotive electric bus market with increased government initiatives in
countries such as India, China, and Japan. China is the biggest market for electric buses, and the
government is actively promoting the replacement of conventional buses with electric ones. China is
also developing the required infrastructure to support the use of electric buses.