TechNavio recognizes the following companies as the key players in Global Electric Bus Market: BYD Motor Corp., Proterra Inc., Volvo AG, Zhongtong Bus & Holding Co. Ltd., Anhui Ankai Automobile Co., Daimler AG, New Flyer Industries, Ryobi Bus, Toyota Motor Corp., Wright Group, and Yutong Group
Commenting on the report, an analyst from TechNavio’s team said: “The main trend witnessed by the Global Electric Bus market is the high demand for electric buses in China. Although the electric bus concept is a relatively new one, it is witnessing strong growth in China, for example in cities such as Xi’an and Shenzhen. China is also a manufacturing hub for electric buses, with vendors such as BYD and Zhongtong. Hence, the strong demand for these buses in the market, coupled with a consistent supply, is leading to wide adoption in the country.”
According to the report, the main factor driving the Global Electric Bus market is the improved overall performance of electric buses. Electric vehicles are known to be eco-friendly. When this factor is coupled with improved performance, it is a major driving force for their adoption.
Further, the report states that the main challenge faced by the Global Electric Bus market is the limited market penetration of electric buses across the globe. Electric buses are currently being used only in some developed cities in a few countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-electric-bus-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Electric Bus Market 2014-2018
