COVID-19 Impact on US Electric Bus Market Demand, Industry Size, Top Players, Opportunities, Revenue And Forecast To 2023
The US Electric Bus Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the US Electric Bus Market highlights the future prediction and the growth alternatives that can be created.
(firmenpresse) - US Electric Bus Market – Overview
Developed countries are replacing their existing diesel and natural gas based public transit to zero emission buses. The surge in urbanization, along with lower operating cost of electric buses is propelling their growth in the developing countries.
The need to gain savings from the use of fuel-saving technologies are driving the expansion of the US Electric Bus market considerably. The changing inclination towards alternative fuel vehicles is projected to boost the adoption of US Electric Buses around the world.
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Key Players
The foremost companies functioning in the US Electric Bus market are Iveco (Italy), Anhui Ankai Automobile Co., Ltd.(China), Daimler AG (Germany), Volvo Group (Sweden), Wright Enrichment Inc.(U.S.), Zhongtong Bus Holding Co., Ltd.(China), Shandong Yi Xing Electric Auto Co., Ltd (China), BYD Auto Co., Ltd (China), Ebus (Singapore) and Beiqi Foton Motor Co., Ltd.(China).
Segmental Analysis
The segmental overview of the COVID-19 Impact is conducted on the basis of charging technology, vehicle type, and region. On the basis of charging technology, the US Electric Bus market is segmented into non-autonomous and autonomous. Based on the vehicle types, the US Electric Bus market is segmented into heavy-duty electric, light-duty electric, and hybrid-electric bus. Based on the regions, the US Electric Bus market is segmented into APAC, North America, Europe and other regions in the world.
Regional Analysis
The regional study of the US Electric Bus market includes regions such as APAC, North America, Europe and other regions in the world. The Asia Pacific region is in the controlling position in the US Electric Bus market with improved government initiatives in nations such as Japan, India, and China. China is considered as the principal market for electric buses, and the management is actively encouraging the substitution of conventional buses with electric ones. China is also increasing the vital infrastructure to back the use of electric buses. The European region is identified as one of the important regions for progress and expansion in the bus sector. The governments of several countries in the European region are making plans and steps to control pollution, which in turn is advancing the demand for hybrid and electric vehicles.
Competitive Analysis
The need to mitigate risks is expected to influence development in the market on the whole. The development of modern practices in the production and selling of the goods is motivating the market towards realizing its goals. The improvements in the production quality are creating a healthy atmosphere for the growth of the market. The increased diversification of the market players has laid down a solid foundation for the growth of the market.
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Datum: 21.05.2020 - 09:44 Uhr
Sprache: Deutsch
News-ID 612872
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Date of sending: 21/05/2020
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