Global Electric Bus Market Report 2019-2024
Global electric bus market can be classified based on seating capacity, battery type, application, bus length and region
By: Bharat Book Bureau
Global electric bus market can be classified based on seating capacity, battery type, application, bus length and region. Based on the battery type, the market can be bifurcated into lead acid and lithium ion. Lithium ion accounted for the largest share and the segment is poised to grow at an impressive rate during the forecast period as well, as it is cost-effective and helps to reduce the weight of the bus.
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In terms of regional analysis, the market can be segmented into North America, Asia-Pacific, Middle East and Europe. Asia-Pacific is anticipated to grow at the highest rate during the forecast period due to favorable government initiatives and support. Furthermore, increasing air pollution and reducing cost of batteries are positively influencing the growth of the market in the region. In Asia-Pacific, China dominated the market and the country's electric bus market is poised to grow at an impressive rate in the coming years as well.
Major players operating in the global electric bus market include 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.
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Bharat Book Bureau