(PRWEB) February 10, 2015
In a first-of-its-kind research study about the global market for electric buses added to the extensive research report database of Marketresearchreports.biz, the market for electric buses is studied, based on numerous important business criteria responsible for the global market dynamics of the market. The report is titled “Electric Buses 2015-2025”.
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While the combined market for electric buses and taxis will increase 8.7X between 2012 and 2022, approaching US$60 billion, the individual market for electric buses will innovate faster and emerge as more profitable for everyone in the value chain over the future years. The report states that the market for industrial and commercial electric vehicles, of which buses are an important sector, observe the adoption of innovative technologies much before cars. This is because these sectors are less price-sensitive than the sector of domestic vehicles.
The report states that the Chinese market is currently dominating the entire global market as the largest consumer of electric buses and innovating at a rapid pace, and has thus already developed the lowest cost base for these vehicles by far. High demand for electric vehicles in the Chinese market is also driven by the country’s vow to develop a cleaner environment by giving a mighty fight to the issue of air pollution. The government has come forward to provide incentives for large-scale adoption of cleaner energy sources and environment-friendly products and vehicles.
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The Chinese marketplace is also an important regional sector for the global electric buses market owing to its large population base and rising disposable incomes of the population, leading to a sturdy demand backed by increasing purchasing power.
The report examines the different powertrains in the market, and the overall shift from vehicles with chassis to the ones boasting integrated manufacturing and often lacking a distinct chassis, and their importance to the market. The report states that the rapid innovation anticipated in the next decade, added to the high prospects of technology and regional sales, will drive the global electric buses market through 2025.
The report comprises a detailed overview of more than 100 pure electric and hybrid bus manufacturers operating in the global electric buses market. It presents forecasts for numbers, unit prices, and market values during the period 2015-2025, based upon a regional, technological, and product-wise segmentation. The report covers over 100 manufacturers, and a detailed study of their business processes, finances, and market strategies. Also covered are recent interviews conducted in electric vehicle events in Taiwan, Japan, the USA, Germany, and the UK in the past few years.
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Deriving its analysis based on extensive research, interviews, conferences, and other sources of primary data collection, the report comes ahead as the only up-to-date report on the global electric buses market. A detailed discussion about trends and issues surrounding fuel cell buses over the past three decades helps in identifying the reason as to why further delays in technological advancements are risking their overall market.
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