Global Electric Bus Market Size| COVID-19 Analysis

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With things going haywire, Market Research Future (MRFR) analyzes vital points to make sure that the businesses around the global automotive Global Electric Bus Market Size 2020 are entirely prepared to tackle potential implications caused by COVID-19 pandemic. MRFR, from its study, estimates that the global automotive Global Electric Bus Market Size can reach its target to get at least 22.8% CAGR during the forecast period 2017-2023, and will be valued USD 82.5 billion.

Segmentation of Market

The global analysis of the Global Electric Bus Market Size is done for the segment, such as charging technology and vehicle type.

In terms of the charging technology segment, the market has included autonomous and non-autonomous.

In terms of vehicle type segment, the market has included light-duty electric, heavy-duty electric, and a hybrid electric bus.

Regional Front

Asia-Pacific is leading the automotive Global Electric Bus Market Size with augmented government initiatives in countries such as China, India, and Japan. China is the leading market for automotive electric buses, and the government is vigorously promoting the replacement of conventional buses with electric ones. China is also budding the required infrastructure to support the use of electric buses. However, in 2017 and 2018, sales of automotive electric buses declined, owing to the changes in policies and subsidies among the national and local governments in the country. Yet in the forecast period, China may continue to observe growth in the adoption of automotive electric buses, as more than thirty cities in the Chinese have planned to accomplish 100% electrified public transit by 2020. The regions are Zhuhai, Guangzhou, Foshan, Dongguan, and Zhongshan in the Pearl River Delta, along with Hangzhou, Nanjing, Shaanxi, and Shandong.

Top Industry Players

The top industry players operating in the market of the global automotive electric bus are listed as Anhui Ankai Automobile Co., Ltd.( China), Daimler AG (Germany), Wright Enrichment Inc(U.S.), Volvo Group (Sweden), Zhongtong Bus Holding Co., Ltd.( China), Shandong Yi Xing Electric Auto Co., Ltd (China), Iveco (Italy), BYD Auto Co., Ltd ( China), and Beiqi Foton Motor Co., Ltd.(China).