A comprehensive overview of the Electric Buses and Coaches Battery market is recently added by UnivDatos Market Insights to its humongous database. Electric Buses and Coaches Battery market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Electric Buses and Coaches Battery market. Electric Buses and Coaches Battery market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Electric Buses and Coaches Battery market at the global and regional levels. Electric Buses and Coaches Battery market is expected to grow at a CAGR of 12% over the forecast period (2021-2027).
Market Overview
The key reason for the growth of the electric buses and coaches battery market is the increase in air pollution due to the rise in emission levels from vehicles has led to an increase in the global initiatives to reduce the emission level of greenhouse gases (GHG) into the atmosphere. Moreover, the transport sector contributes to about 32% of the overall GHG emission into the atmosphere. The buses and coaches that work on conventional fuel, such as diesel/gasoline, releases a large amount of GHGs after the combustion process. This has resulted in various regulations set by many regulatory bodies leading to design and development of various buses and coaches that operate on substitute fuels to cut down exhaust emission. The electric buses, hybrid buses, CNG/LNG buses, and solar buses have lesser exhaust emissions compared with the buses and coaches powered by diesel, and the emissions fall within required limit set by the regulatory bodies. This rise in government measures to limit emission levels will drive the market growth during the forecast period. The increases popularity of public transport and the use of electric buses is expected to influence the growth in the buses and coaches battery market.
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COVID-19 Impact
During the covid-19 pandemic, up to one third of people in cities stopped using public transports. According to a survey in 104 cities across 28 countries, lockdowns and the rise of remote working and stay at home orders have all reduced the volume of people commuting. For example, in Thessaloniki, Greece, 34.4% of the people stopped using public transport during the pandemic. Furthermore, 45% said their use of public transport has reduced. Across United States, around half of the commuters have reduced their usage of public transit service. However, in some countries like Spain 49% of the people said their use of public transport has not changed. The public transport and the buses and coaches battery industry however is recovering fast since the opening of industries and workplaces during the lockdown.
Electric Buses and Coaches Battery market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Vehicle, the market is primarily segmented into
· BEB
· HEB
· PHEB
Amongst Vehicle, the BEV segment of the market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 growing at a CAGR of X% from 2021-2027.
By Length, the market is primarily segmented into
· More than 10 m
· Less than 10 m
Amongst Length, Less than 10 m segment accounted for a market valuation of US$ X million in 2020 and is expected to reach US$ X million by the year 2027, at a CAGR of X% over the analyzed period.
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By Battery, the market is primarily segmented into
· LFP
· NMC
· Others
Amongst Battery, LFP segment accounted for a market valuation of US$ X million in 2020 and is expected to reach US$ X million by the year 2027, at a CAGR of X% over the analyzed period.
By End-User, the market is primarily segmented into
· Public
· Private
Amongst End-User, the public segment of the market was valued at US$ X million in 2020 and is likely to reach US$ X million by 2027 growing at a CAGR of X% from 2021-2027.
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Electric Buses and Coaches Battery Market Geographical Segmentation Includes:
· NORTH AMERICA ELECTRIC BUSES AND COACHES BATTERY
o United States
o Canada
o Rest of North America
· EUROPE ELECTRIC BUSES AND COACHES BATTERY
o Germany
o United Kingdom
o France
o Spain
o Italy
o Rest of Europe
· ASIA-PACIFIC ELECTRIC BUSES AND COACHES BATTERY
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
· REST OF THE WORLD ELECTRIC BUSES AND COACHES BATTERY
Based on the estimation, the Asia-Pacific region dominated the Electric Buses and Coaches Battery market with almost X% revenue share in 2020 and saw the highest CAGR of X% in the forecast period due to increased usage of public transport.
The major players targeting the market includes
· Zhengzhou Yutong Bus Co. Ltd.
· BYD Company Limited
· Zhongtong Bus & Holding Company Limited
· Solaris Bus & Coach S.A.
· Proterra Inc.
· Dongfeng Motor Corporation
· Anhui Ankai Automobile Co. Ltd.
· Yinlong Energy Co. Ltd.
· Nanjing Golden Dragon Bus Co. Ltd.
· Beiqi Foton Motor Co. Ltd.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analysing several leading key players operating worldwide. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Electric Buses and Coaches Battery market. The leading players have been analysed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Buses and Coaches Battery market?
· Which factors are influencing the Electric Buses and Coaches Battery market over the forecast period?
· What are the global challenges, threats, and risks in the Electric Buses and Coaches Battery market?
· Which factors are propelling and restraining the Electric Buses and Coaches Battery market?
· What are the demanding global regions of the Electric Buses and Coaches Battery market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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