According to Goldstein Research, global electric & hybrid bus market is expected to reach 40,067 units by 2024, growing at a CAGR of 25.3% over the forecast period 2016-2024. Though the electric and hybrid bus market is in its initial phase but the rising venture funding and technological development are significantly driving the market. electric bus market segmentation has been done on the basis of technology, vehicle type, end-user, and geography. Urban buses, based on vehicle type, acquired a largest market share of 41.0% in 2016 owing to demand from a large number of commuters in urban cities. The fast urbanization and rising population igniting the growth of public transportation are the key factors behind the large market share of APAC region. For North America to comply with environmental concerns and related policies, North America electric and hybrid bus market share is increasing and reached 32.1% in 2016.
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Market Segmentation
On the basis of our in-depth analysis, Global Electric and Hybrid Bus Market can be segmented as follows:
By Technology
• Fuel Cells
• Plug-in Hybrids
• Hybrid
• Electric
By Vehicle Type
• Urban buses
• Intercity buses
• Touring coaches
• Minibusses
By End-User
• Government
• Fleet Owners
By Region
• North America Electric And Hybrid Bus Market Analysis, 2016-2024
• Global Electric And Hybrid Bus Market Analysis, 2016-2024
• The Middle East And Africa Electric And Hybrid Bus Market Analysis, 2016-2024
• Latin America Electric And Hybrid Bus Market Analysis, 2016-2024
• Asia Pacific Electric And Hybrid Bus Market Analysis, 2016-2024
• Rest Of The World Electric And Hybrid Bus Market Analysis, 2016-2024
Electric and Hybrid Bus Market report by Goldstein Research includes a comprehensive overview of the global electric and hybrid bus market. The Global Electric and Hybrid Bus Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of electric and hybrid bus market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.
Major players of the global electric and hybrid bus market analyzed in the report are: 3D Systems, TNO, Natural Machines, Systems & Materials Research Corporation, By flow and Print2taste GmbH, Barilla, Candyfab, Beehex, Inc., Choc Edge, Modern Meadow, Nu Food and North Branch Everbright, etc.
Further, the report encompass the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Electric and Hybrid Bus Market Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.
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