Rising concerns about
global warming along with increasing government support to reduce air pollution
to drive Australia electric bus market through 2024.
According
to TechSci Research report, “Australia Electric Bus Market By Seating Capacity, By
Battery Type, By Application, By Bus Length, Competition, Forecast &
Opportunities, 2024”, Australia electric bus market is expected to grow at a robust
CAGR during the forecast period owing to the increasing concerns towards the
environment due to rising pollution, declining prices of batteries and
increasing number of electric bus manufacturers in the country. In order to
tackle the serious environmental issues, the government of the country have
initiated changes in the public transportation systems, by replacing the
heavy-duty diesel and gasoline-run buses with zero-emission electric buses, thereby
bolstering Australia electric bus market. However, factors
like less range, higher weight, higher procurement costs, among others are
likely to hamper the growth of the market.
Browse market data Tables and Figures
spread through 70
Pages and an in-depth TOC on "Australia Electric Bus Market"
Australia electric bus market is segmented based on seating type, battery type, application,
bus length, region and company. Based on bus length, the market can be segmented
into 6-8m, 9-12m and above 12m. The 9-12cm length segment is anticipated to
register the highest CAGR during the forecast period since it is preferred by
(STUs) State Road Transport Undertakings in the country. BYD Australia Co. Ltd., Volgren
Australia Pty. Ltd, Transit Australia Group (TAG) and Bustech Pty Ltd. are some of the leading players operating in Australia electric bus market.
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“To improve air quality, the Australian government is taking
several steps, among which electrification of the automotive industry is a key
step. Additionally, anticipated increase in demand for electric buses in Australia
is backed by the fact that the electric bus operates with lower noise and
vibration due to the absence of mechanical parts, which helps in controlling
noise pollution as well.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Australia Electric Bus Market By Seating Capacity, By
Battery Type, By Application, By Bus Length, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of Australia electric bus market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Australia electric bus market.
About
TechSci Research
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