Connected Car Market - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

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China Electric Bus Market to Cross 176,000 Units
by 2025
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China Electric Bus Market
Insights on market segments
The Chinese electric bus market is segmented on
the basis of type, which includes parallel hybrid
bus, pure electric bus, series parallel hybrid
bus, and series hybrid bus. Pure electric bus is
estimated to hold close to 86 share in the
Chinese market in 2017. Pure electric bus is
further expected to continue to account for a
significant share in sales during the forecast
period driven by increasing government support.
On the basis of length, electric bus is segmented
into three categories, namely, lt8m, 8m - 10m, and
gt10m. 8m 10m, and gt10m length buses together
accounted for close to two-third of the total
electric bus sales in the country in 2017. Access
Report Summary with Detailed TOC on "China
Electric Bus Market by Type (Pure Electric Bus,
Series Hybrid Bus, Parallel Hybrid Bus, Series
Parallel Hybrid Bus), by Length (gt 10m, lt 8m, 8m
-10m) Market Size, Share, Development, Growth,
and Demand Forecast, 2013-2025" at
https//www.psmarketresearch.com/market-analysis/c
hina-electric-bus-market
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China Electric Bus Market
Falling battery prices and increasing operational
efficiencies expected to benefit the market
As battery accounts for significant share of
electric bus manufacturing cost, declining Li-ion
battery prices would help bus companies to keep
the prices under check. Moreover, increasing
battery production capacity would further lower
battery prices in China during the forecast
period. As in the case of internal combustion
engine, whose costs have reduced with decades of
experience, the electric vehicles cost too would
continue to fall during the forecast period with
industry experience, operational efficiencies,
and economies of scale, thus benefiting the
Chinese electric bus market during the forecast
period.
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China Electric Bus Market
Increasing replacement sales to drive the market
China has a few million buses/coaches accumulated
in the last decade, out of which, around
one-third of the buses are more than five years
old. These old conventional buses are expected to
be replaced by new electric ones during the
forecast period. Large fleet of old conventional
buses in the country provides considerable
opportunity for electric bus sales in the
country. Also, more buses would become old during
the forecast period, thus further benefiting the
Chinese electric bus market.
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China Electric Bus Market
Thin profit margins expected in short term
Reduction in subsidies have increased the upfront
cost of electric buses as compared to
conventional buses. Due to this, the demand for
electric buses is likely to suffer in the next
few years, especially from the private segment
which is highly price-sensitive. Moreover, OEMs
and bus manufacturers which enjoyed considerable
profit margins in the historic period, would now
need to cut profits to maintain reasonable retail
price for electric buses.
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China Electric Bus Market
Competitive Landscape
Zhengzhou Yutong Group Co. Ltd. was the leading
player in the Chinese electric bus market in
2016, accounting for more than one-fourth of the
total sales, followed by Higer Bus Company
Limited and Zhongtong Bus Holding Co. Ltd.,
each accounting for more than 10 of the total
sales. Other key players in the Chinese electric
bus market include Dongfeng Motor Corporation,
King Long United Automotive Industry Co. Ltd.,
Anhui Ankai Automobile Co. Ltd., Liaoning
Huanghai Automobile Import Export Co. Ltd.,
Yangzhou Yaxing Motor Coach Co. Ltd., and BYD
Company Limited.
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China Electric Bus Market
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hina-electric-bus-market/report-sample
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