Global Electric Bus Market - Size, Share, Trends Analysis to 2014 - 2020

Global Electric Bus Market - China dominated the global

electric bus market 2014 - 2020

Persistence Market Research

Global Electric Bus Market will expand at a

remarkable CAGR of 28.0% during the

forecasting horizon from 2014 to 2020 Persistence Market Research

Persistence Market Research

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Global Electric Bus Market - China dominated the global

electric bus market 2014 - 2020

Persistence Market Research Released New Market Report “Global Market Study on

Electric Bus: Asia Pacific to Witness Highest Growth by 2020”, delivers a 360-degree

view of the market. According to the report, the global electric bus market will expand at a

remarkable CAGR of 28.0% during the forecasting horizon from 2014 to 2020. By 2020, the

global electric bus market is expected to record a volume of 33,854 units.

Players in the global electric bus market will benefit from the significant opportunities

presented by China. China is aggressively taking steps to cut down vehicular pollution.

According to a recent study from a Chinese research institute, around 400,000 premature

deaths occurring in the nation are linked to air pollution. To curb this issue, the government

in China is supporting the electric vehicle (EV) market. Nevertheless, unstable crude oil

prices and rising focus of transit agencies on minimizing operational costs are projected to

decrease the impact of the cost factor in the long run.

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Recently, certain product launches by companies have demonstrated the rising level of

competition in the industry. Several private companies in China have entered the electric

vehicle market and are increasingly receiving support from the government. The growing

investment by companies and transit agencies in the nation is supported by governments

and venture capitalists. This is projected to drive the China electric bus market in the years

to come.

The rising air pollution in other parts of the world has...