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Electric Bus Market: Vivid Trend towards Battery EBs Reinforces Growth; Manufacturers Promote Use of Electric Bus

Press release Description

Albany, New York, July 8, 2019: Urban buses are expected to be the first transport mode to reach the zero emission owing to electrification. This compelling trend is fueled by the growing awareness of toxic air pollution from internal combustion engines and underpinned by the pressing comfort, economic and noise advantages.

Accordingly, incumbent bus manufacturers are stepping up the game. Volvo, Daimler, Scania are heavily promoting their full electric bus that are in series production or will be in 2019/20. The apt engagement by the manufacturers and commitments to the electrical drivetrain accentuates the rapid market change. Assessing manufacturers’ statements made in autumn 2018, BYD, VDL, Solaris and Shenzhen Wuzhoulong Motors Co. Ltd. appear to lead the market.

These insight are according to the intelligence report, titled, “Electric Bus Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been of late added to Market Research Reports Search Engine’s (MRRSE) ever-expanding repository.

Adoption of electric buses has led to the use of locally produced renewable energy and assure energy sovereignty by reducing oil consumption and it has averted stranded assets from investing in gas sector.

There is a clear trend towards battery electric buses for it has led to the reduction of operating cost and obliterated tailpipe emissions. As such, battery electric bus segment is expected to lead the electric bus market which has been furthered by a flurry of EBs present China, North America and Europe. China boasts of having around 99% of the 385,000 electric buses on the roads globally in 2017. The overwhelming size of the electric bus in Chinese bus fleet is almost equivalent to the number of city buses in operation in Europe. Accordingly, under the aegis of China, Asia Pacific is expected to remain dominant in the electric bus market.

Electric Bus Market: Report Content

Qualitative and quantitative analysis underpin insightful report on the electric bus market. Nevertheless, the report comprehensively elucidates facets of the market that are expected to have palpable impact on the growth of the electric bus market. Those facets include drivers, restraints, opportunities and trends. Further, the report delineates segmentation of the market which aims at offering a thorough analysis on electric bus.

A deep-dive and insightful analysis of the competitive landscape of the electric bus market counts on Porters’ Five Force Analysis. Furthermore, the Porters’ Five Force Analysis provides an exhaustive analysis on the likely strategies of the leading players in the electric bus market. Moreover, the business strategies hinges upon product portfolio, company overview, SWOT analysis, recent development and key differentiation.

Electric Bus Market: Research Methodology

Primary research and secondary research accentuate insightful report on electric bus market, which provide in-depth assessment on the market. Accordingly, the report offers unbiased and reliable projections, and analysis that have considerable bearing on the historical data and market size. In addition, the report is based on primary sources which is propelled by in-depth and intelligent analysis from telephonic interview, well-ground experts, and exhaustive insights from seasoned analyst and surveys. On the other hand, the secondary sources hugely depends on press release, Factiva, trade journals, EC filing, governmental websites and resourceful database.

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