Rising environmental
concerns coupled with increasing government investments in fuel saving
technologies to propel United States electric bus market through 2024
According
to TechSci Research report, “United States Electric
Bus Market By Seating Capacity, By Battery Type, By
Application, By Bus Length, Competition, Forecast & Opportunities, 2024”, the US electric bus market is projected to register a CAGR
of around 20% during the forecast period owing to the increasing fuel prices. It
is estimated that world has just over 50 years of oil left if it is consumed in
the same manner as it is today. Therefore, a large economy like US is
increasingly shifting its focus towards alternative energy sources, thus
driving growth in the electric bus market. Moreover, other factors such as high
fuel efficiency, higher ROI, and noise efficiency in comparison to conventional
buses are further contributing to the demand for electric buses in the country.
However, the United States electric bus market is likely to face stiff
challenges in the coming years on account of factors like less range and higher
procurement cost of electric buses.
Browse market data Tables and Figures
spread through 70
Pages and an in-depth TOC on "United States Electric Bus Market"
The United States electric bus market is segmented based on seating type, battery type, application,
bus length, region and company. In terms of seating type, the market can be
categorized into up to 30-seater, 31-40-seater and above 40. The up to 30-seater
segment is expected to hold the largest market share during the forecast period
owing to its compact body, which gives it the agility to maneuver through the
city traffic. 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 owing to their higher suitability for transit
bus service.
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Proterra
Inc., BYD Motors Inc., NFI Group Inc., GreenPower Motor Company Inc., Gillig LLC,
Blue Bird Corporation, and Nova Bus Corporation are some of the leading players operating in United
States electric bus market. “United States electric bus market is one of the most
dynamic and fastest growing markets owing to growing support of the US federal
and local governments for electric buses. Moreover, enactment of stringent
emission norms along with declining battery prices is further expected to propel
US electric bus market during the forecast period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United States 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 United States 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 United States electric bus market.
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