Electric Bus Market Global Demand Analysis & Opportunity Outlook 2033” delivers a detailed competitor analysis and a detailed overview of the global electric bus market in terms of market segmentation by power output, autonomy, propulsion type, and by region.
Growing Concern for the Prevalence of Greenhouse Gases to Drive Growth of Global Electric bus Market
The global electric bus market is estimated to grow majorly on account of the increased greenhouse gas emission by internal combustion engines of vehicles. For instance, the transport sector is responsible for more than 25% of greenhouse gas emissions globally.
The market research report on global electric bus encompasses an in-depth analysis of the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion of current and future market trends. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
Electric Bus Market Statistics –
- USD 5 Billion revenue in 2033
- The market size is projected to record a valuation of over USD 5 Billion by 2033
- The Electric Bus Market is slated to observe 17% growth rate through 2023-2033
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By autonomy, the global electric bus market is segmented into semi-autonomous and autonomous. The autonomous segment is to garner a highest revenue by the end of 2033 by growing at a CAGR of ~ 17% over the forecast period. Rise in the number of autonomous vehicles.
By region, the Asia Pacific electric bus market is to generate the highest revenue by the end of 2033. This growth is anticipated by a large number of battery electric buses.
The research is global in nature and covers a detailed analysis of the electric bus market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, an analysis comprising of global electric bus market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. has also been covered and displayed in the research report.
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Major players include in the Global Electric Bus Market:
- BYD Motors Inc.,
- Volvo Group,
- Daimler Truck AG,
- Equipmake Limited,
- Yinlong Energy China Ltd.,
- Hyundai Motor Company,
- Yutong Bus Co., Ltd.,
- NFI Group Inc.,
- Proterra Inc.,
- Nissan Motor Corporation
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This report also provides the existing competitive scenario of some of the key players of the global electric bus market which includes company profiling of BYD Motors Inc., Volvo Group, Daimler Truck AG, Equipmake Limited, Yinlong Energy China Ltd., Hyundai Motor Company, Yutong Bus Co., Ltd., NFI Group Inc., Proterra Inc., Nissan Motor Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global electric bus market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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