Global Automotive Electric Bus Market Research Report- Forecast 2023

Market Research Future published a half-cooked research report on Automotive Electric Bus Market Is Expected to Grow at a Higher Pace By 2023.

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Market Highlights
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.

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..


Study Objectives of Automotive Electric Bus Market

• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the automotive electric bus market
• To provide insights about factors affecting the market growth
• To analyze the automotive electric bus market based Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies, North America, Europe, Asia-Pacific, and Rest of the World (ROW) and their countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by charging technology, vehicle type and sub-segments
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the automotive electric bus

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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.

Europe is known as one of the one of the leading regions for growth and development in the bus sector. Governments of various countries in Europe are taking initiatives and steps to curb pollution, which in turn is boosting demand for electric and hybrid electric vehicles.

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