Global Hybrid Bus Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 15 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Hybrid Bus market industry is poised to raise USD 8.55 billion by 2025. The major factors expected to augment the market are growing eco-friendly initiatives pertaining to fuel emission, need for addressing consumers’ needs concerning fuel expenditure reduction and obligatory compliance with CO2 emissions norms. A hybrid electric bus couples a conventional internal combustion engine propulsion system with an electric propulsion system. These types of buses usually use a Diesel-electric powertrain and are also known as hybrid Diesel-electric buses.
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Global Hybrid Bus Market Size Study By Component (Transmission System, Propulsion System, Powertrains, and Others), By Industry (Highway Transportation, and Public Transit), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Volvo, BAE Systems, BYD, Proterra, New Flyer, Anhui Ankai Automobile, Ashok Leyland, Blue Bird, CNH Industrial, Daimler, Hyundai, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Transmission System
- Propulsion System
- Highway Transportation
- Public Transit
- North America
- Asia Pacific
- Latin America
- Rest of the World