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Global Electric Bus Market 2018-2022 - 12% CAGR Projection Over the Next Four Years - Technavio

November 27, 2018

LONDON--(BUSINESS WIRE)--Nov 27, 2018--The global electric bus market is expected to post a CAGR of over 12% during the period 2018-2022, according to the latest market research report by .

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Technavio has released a new market research report on the global electric bus market for the period 2018-2022. (Photo: Business Wire)

A key factor driving the growth of the market is the reduction in battery prices. Battery prices account for a significant share of the total cost of electric bus production. The need for efficiency improvement has encouraged battery manufacturers to come up with technological advancements in electric bus batteries. For example, advancements in Li-ion batteries have not only reduced the overall weight of electric buses but also increased their lifespan when compared to buses that use conventional lead acid and valve-regulated lead-acid batteries.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the technological advancements as one of the key emerging trends in the global electric bus market:

Global electric bus market: Technological advancements

As the global electric bus market is still in its early stage, several manufacturers are entering the market. Additionally, the need for technological advancements is also high which is encouraging electric bus manufacturers to focus on advancements in collaboration with technology-based companies.

“Companies such as Volvo and Nanyang Technological University in Singapore have signed a cooperation agreement for an R&D program for autonomous electric buses as a drive for creating new solutions for sustainable public transport. Li-ion batteries that could be charged with the help of solar power is another technological advancement that has been made to address the difficulty faced while charging,” says a senior analyst at Technavio for research on automotive manufacturing.

Global electric bus market: Segmentation analysis

This market research report segments the global electric bus market by bus type (pure electric buses and plug-in hybrid buses) and geographical regions (China and Rest of the world).

China dominated the market in 2017 with a market share of 99%. This region is expected to dominate the market through 2022, however, there will be a nearly 5% decrease in its market share during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181127005425/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/27/2018 07:13 AM/DISC: 11/27/2018 07:13 AM

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