Electric Bus Market worth 935 Thousand Units by 2027

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MarketsandMarkets Presents

Electric Bus Market worth 935 Thousand Units by
2027
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lectric-bus-market-38730372.html
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The report "Electric Bus Market by Propulsion
Type (BEV, PHEV, and FCEV), Application
(Intercity and Intra-city), Consumer Segment
(Fleet Operators and Government), Range, Length
of Bus, Power Output, Battery Capacity,
Component, and Region - Global Forecast to 2027",
The global electric bus market size is projected
to grow from 137 thousand units in 2019 to reach
935 thousand units by 2027, at a CAGR of
27.2. Browse 155 market data Tables and 45
Figures spread through 170 Pages and in-depth TOC
on "Electric Bus Market The growth of the
electric bus market can be attributed to the
increasing focus of countries on electrification
of their public transport fleets with subsidies
and favourable regulations due to emission
concerns. Advancements in battery pack
technologies, declining battery prices,
government support, huge subsidies along with tax
exemptions, and innovations in electric
powertrains are some of the major factors driving
the growth of the electric bus and coach
industry. Factors such as rise in pollution and
environmental hazards, stringent government
regulations, and stiff competition have compelled
automotive OEMs to introduce fuel-efficient and
environment-friendly buses and coaches. Thus, the
electric bus market is expected to witness
significant growth in the future.
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sp?id38730372 Asia Pacific is expected to lead
the global market during the forecast
period Asia Pacific is the largest electric bus
market in the world. It comprises some of the
fastest developing and developed economies in the
world. The growth in the region can be attributed
to the dominance of the Chinese market and
presence of leading OEMs such as BYD, Yutong,
Zhongtong, and Ankai in the country, resulting in
exponential growth of the Asia Pacific electric
bus market. Also, Shenzhen was the first city in
the world to have a fully electrified public
transport fleet. The favorable regulations for
electric buses, availability of electric and
electronic components at cheaper rates, and
rapidly growing charging infrastructure are
projected to boost the Asia Pacfic electric bus
market. The global electric bus market is
dominated by major players such as BYD (China),
Yutong (China), Proterra (US), VDL Groep
(Netherlands), and AB Volvo (Sweden). 
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The 9-14m segment is expected to be the largest
market during the forecast In the electric bus
market, by length of bus, the 914 m segment is
projected to be the largest market during the
forecast period in terms of volume. The 914 m
segment is dominating the electric bus segment
due to the large volumes of electric passenger
buses used in public transport fleet. Most of the
public transport fleets, especially in China,
which accounts for almost 99 of the market have
electric buses that are 914 m in length. Also,
many of the leading OEMs such as BYD, Proterra,
and Yutong have been providing electric buses in
the 914 m length range. Countries that are
planning to replace existing public fleets with
electric ones are considering electric buses of
the same lengths as well. Middle East Africa
is expected to be the fastest growing market
during the forecast period The Middle East
Africa, which includes Egypt, South Africa, and
UAE, is projected to be the fastest growing
market during the forecast period. The increasing
demand for electric mass transit solutions,
renowned OEMs expanding in the region, and
government support are factors driving the Middle
East Africa electric bus market. To speak to
our analyst for a discussion on the above
findings, click Speak to Analyst
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• For instance, in November 2019, Egypts Arab
  Organisation for Industrialisation (AOI) started
  its first smart electric bus in the country with
  the help of Shanghai Wanxiang Group, China. Also,
  in May 2019, Foton Motor signed an agreement with
  Egypts Military Production Ministry to
  manufacture more than 2,000 electric buses in the
  country over the next four years. Critical
  Aspects
• Governments are working with OEMs to electrify
  public transport fleets and build charging
  stations. How will this transform the overall
  electric bus market?
• How will fast-paced developments in battery
  technologies change the dynamics of electric
  bus market?
• The industry is focusing on different powertrain
  technologies. Which are the leading companies
  working on it, and what organic and inorganic
  strategies have been adopted by them?
• The fuel cell electric bus segment is expected to
  have a significant market during the forecast.
  How will this transform the overall electric bus
  market?
• Request FREE Sample Report _at_ https//www.marketsan
  dmarkets.com/requestsampleNew.asp?id38730372

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