The global ethanol bus market produced around 268 units in 2016 and is expected to surpass 439 units by 2021, says Technavio.
Technavio has announced its latest market research report on the global ethanol bus market, under its automotive manufacturing portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendor like Scania.
According to Neelam Barua, a lead analyst for automotive manufacturing research at Technavio, “The implementation of stringent government rules to curb GHG emissions will encourage vendors in the market to look for alternative sources of fuel. The OEMs in the market are introducing ethanol-based and gasoline vehicles to reduce carbon emissions and meet the government rules and regulations.”
The vehicles that use ethanol-based fuels emits over 80% or fewer GHG emissions. The automotive manufacturers are actively participating in the promotion of alternative fuel compatible vehicles. The consumers’ increasing consciousness towards a green environment is driving the growth of the market. The introduction of alternative fuel like ethanol biofuel will help in the evolution of automotive industry
Click here to request a free sample of this report
R&D on green ethanol production
The manufacturers in the market are investing in the research and development of the process of extracting green fuels that are viable outside the laboratory confines and enough for commercial use. These initiatives include blueprints on the commercial production of green ethanol that will help reduce the carbon footprint and promote sustainable development.
Hybrid ethanol-electric buses to supplement the existing ethanol bus fleet
The vendors are introducing hybrid ethanol-electric buses to meet the increasing demand for eco-friendly vehicles and government regulations on carbon emissions. These buses operate on powertrain concepts. The three types of hybrid buses available in the market include parallel hybrid bus, series hybrid bus, and series-parallel hybrid bus.
Ask an analyst to know more about this report
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Ethanol Bus Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Ethanol-based Vehicle Market 2016-2020
- Global Flex Fuel Engine Market 2016-2020
- Global Dual Fuel Engine Market 2016-2020
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
