Title: Electric & Hybrid Bus Market Research Report Sample by Goldstein Research
1Electric Hybrid Bus Market Outlook
Global Electric Hybrid Bus Market Outlook 2024
Global Opportunity Growth Analysis, 2016-2024
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2Research Methodology
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Goldstein Research follows a comprehensive and
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market. We provide estimates, forecast and
analysis primarily based on secondary research,
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simultaneous top down and bottom approach in
order to provide you the accurate market sizing.
Data triangulation method is strictly followed
where we triangulate the data from all the
aspects, be it Function Type, application,
industry verticals, material, product type or
geography. In addition, the research methodology
we follow is a systematic approach in order to
estimate and project the market sizing keeping in
mind all the on-going and upcoming trends of the
market. We conduct both primary and secondary
research in order to estimate a market and
validate our key findings. We put together our
effort and prepare an inclusive questionnaire
depending on the title of the market we are
tracking and extract the important information we
require to validate our findings. Our team of
Analysts and experts dedicatedly put their effort
to provide you the best possible and accurate
data and analysis. Adding to that technological,
economic, cultural and social aspects along with
the regulatory barriers are completely analyzed
to understand the comprehensive market scenario
across different geographies. Understanding the
market from both buyer and seller point of view
is important to track a market and provide
analysis on the same. We not only provide the
market data of the four geographies as a whole,
namely, North America, Europe, Asia-Pacific,
Latin America, Middle East Africa and Rest of
the World (RoW) but we also provide you
qualitative as well we qualitative information on
country level bifurcation. We at Goldstein
Research provide you Precise Estimates and
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Research Methodology
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3- Global End User Interest for Buying Electric Bus,
By Country - In each of the countries survey , a significant
portion of end user said that they would either
be a first mover in the adoption of an electric
bus or at least might be willing to consider
purchasing an electric vehicle. China and India
led the world with those considering themselves
potential first movers at XX percent and XX
percent respectively. This was a dramatic
contrast to the potential first movers in Japan
(XX percent), France (XX percent), Belgium (XX
percent), and Germany (XX percent). - All of those countries have policies to foster EV
sales, and 2016 showed that if certain incentives
are taken away, sales falter. Such a scenario
played out in the Netherlands where tax
incentives were gradually phased out for Plug In
Hybrid Electric Vehicles (PHEV), which dropped
PHEV sales by XX percent. Battery electric
vehicles (BEVs), however, werent affected by the
tax, and sales grew by XX percent. - China leapfrogged the US in 2016 to become the
country with the most electric passenger
vehicles. Although EVs only made up XX percent of
the country's national fleet, more than XX
percent of the EVs sold in the world in 2016 were
sold in China (twice as many as were sold in the
US).
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Global Consumer Interest () for Buying Electric
Vehicles, By Country
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Impact Analysis- Rapid expansion of
urbanization leads to growth in establishment of
infrastructure to supplement the adoption of
electric busses. This factor is further expected
to positively impact the growth of electric
hybrid bus market.
4- High Cost of Electric Vehicle and Lack of
Charging Infrastructure - Consumer survey literature consistently finds
that price is a major barrier to electric vehicle
sales. Price includes the price premium between
an EV and a comparable internal combustion
engine. Currently, battery electric bus systems
are at least XX more expensive over the entire
life cycle compared to diesel buses. Acquisition
costs, energy consumption and operating life as
most influential cost factors in electric bus
systems. Battery costs are expected to fall to
about half current levels, but one consultant
speculated that a variety of factors such as
increased cost of raw materials, increases in
technology and need to greater range and thus
larger batteries would tend to offset the falling
price. - In one survey, XX of surveyed potential end
users would not consider purchasing an electric
bus until charging locations are widely available
and as easy to locate as gas stations today.
Under current conditions, difficult business case
for utilities to invest in EV recharging
infrastructure without strong government
incentives and clear technology roadmap from
OEMs. Thus, if electric vehicles are to reach a
broad market, rather than just serving as second
vehicle for city dwellers with large garages, it
will be essential to create a public electric
charging infrastructure.
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Longest Acceptable Time to Fully Recharge EV
Battery
Sample
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- Impact Analysis-
- The pricing trend of electric hybrid bus
coupled with lack of recharging infrastructure
has led to off-putting the sales which is a major
restraining factor for the growth of Electric
Hybrid Bus market.
Impact on Global Electric Hybrid Bus Market
5Region and Market Players-2016
Global Electric Hybrid Bus Market Share () ,
By Companies, 2016
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Source Goldstein Research
Global Electric Hybrid Bus Market Share(), By
Region, 2016
North America XX
Europe XX
Asia Pacific XX
Middle East Africa XX
Latin America XX
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6Global Electric Hybrid Bus Market SWOT Analysis
- STRENGTHS
- Electric buses have lifecycle-cost advantages
over internal-combustion engines because they
covert energy into motion more effectively and
have far fewer moving parts, making them cheaper
to power and maintain over time. - Electric buses are still more expensive than
diesel, but local transit authorities receive
most of their capital funding from the federal
government, so researchers reassessed the
equation if XX of a bus purchase were covered by
outside funds. In this scenario, electric buses
are the lowest-cost option for cities that
receive federal funding. - Batteries will only comprise XX of the total
electric bus price by 2030, down from XX in
2016, making electric buses cheaper than diesel
on an unsubsidized basis. If battery costs fall
faster than projected, electric buses could reach
unsubsidized cost parity with diesel around 2025.
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- WEAKNESS
- As of today, the electric bus is significantly
more expensive than a diesel bus, but the cost is
expected to go down. FCEBs are currently around
seven-times more expensive than both DBs and
electric buses, and the cost of constructing a
hydrogen refueling station is approximately USD
XX million. - Adjustments must be made to the energy system
according to the area in which the bus operates.
Building a working plan (schedule) for an
electric bus should consider a variety of
parameters about the energy system. - The conventional charging system limits the
driving distance. Charging systems that enable
long driving distance are still very expensive. - Real-time energy system monitoring is required to
prevent malfunctions and delays. - powertrain components increase vehicle weight,
potentially limiting what roads these buses can
operate on
Sample
- OPPORTUNITIES
- Rising oil prices across the globe and stringent
environmental regulation has paved the smooth way
for the growth of low speed vehicles around the
world. - Partnerships and alliance between public
authorities willing to mobilize the deployment of
clean vehicle fleets can help to minimize the
costs of public procurement and also provide the
growth opportunity for the EV market players. - Urban public transport is about to become more
sustainable. Innovative electric bus technologies
with different charging infrastructure solutions
are likely to transform the bus fleets of
European Asia countries in the coming years,
improving air quality and noise levels. - The idea of Smart Cities is currently being
implemented across various cities of the world.
Smart City concept includes six basic elements,
among which smart mobility is on top priority.
City are directly related to urban smart
transport with public transport (transit), which
uses vehicles environmentally friendly including
buses with electric drive.
- THREATS
- Stiff competition from other major players in the
market. Chinese bus producers may compete from
two ends of the market on the lower end they
have low priced tech products, on the upper end
they offer competitively priced hybrid and
electric buses due to massive government support. - There is anticipated stagnant demand for buses in
the mature markets that will reduces the revenue
of the market players. - Even though there is a wide range of government
environmental laws regulations, companies still
have to consider numerous national laws as well
as cultural differences within a country.
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7Global Electric Hybrid Bus Market Share (), By
Technology Type, 2016-2024
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Global Electric Hybrid Bus Market Y-O-Y Growth,
By Technology Type, 2016-2024
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Global Electric Hybrid Bus Market Share (), By
Technology Type -2016
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8North America Electric Hybrid Bus Market Size
(USD Billion)-2016-2024
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North America Electric Hybrid Bus Market Share
(), By Country-2016-2024
North America Electric Hybrid Bus Market Size
(USD Billions), By Country-2016-2024
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9North America Electric Hybrid Bus Market, By
Sales (in Units), 2016-2024
North America Electric Hybrid Bus Market, By
Production (in Units), 2016-2024
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North America Electric Hybrid Bus Market, By
Demand (in Units), 2016-2024
- North America electric hybrid bus market is
valued at USD XX billion and is expected to grow
at a CAGR of XX over the forecast period. - Electric buses, all-electric versions of the
diesel-dominated mass transit fleet, are nearing
cost-competitiveness with traditional
technologies, representing billions in potential
savings for cash-strapped local governments. - Electric buses are becoming a bargain due to
lower operational and fuel costs consider
Chicago, which says each electric bus saves USD
XX in annual fuel costs. The electrification
trend is spreading fast. New York City, home to
Americas largest bus network, says its XX buses
will be all-electric by 2040. Los Angeles, the
second-largest bus fleet, will convert all XX
buses to electric by 2030.
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10US Electric Hybrid Bus Market Size (USD
Billion), Compound Annual Growth Rate (), Y-O-Y
Growth Rate (), 2016-2024
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Source Goldstein Research
US Electric Hybrid Bus Sales (in Units),
2016-2024
Key Insights
- The U.S. electric hybrid bus market is expected
to expand at a CAGR of XX over the forecast
period i.e. 2016-2020 on the back of increasing
demand for EVs from various end-use sectors. - State and federal incentives have been major
components of electric vehicle promotion
activities in the United States. At the federal
level, plug-in electric vehicles are eligible to
receive up to XX in income tax credits for the
purchase or lease of electric vehicles. - Our analysis finds that the availability of
public charge points and workplace charging is
linked with electric vehicle market uptake. The
leading electric vehicle markets have at least
275 public charge points per million people by
contrast, half of the U.S. population lives in a
market where public charging availability is less
than one-third of that rate.
Source Goldstein Research
11Daimler AG (Company Overview Business Strategy)
Founded 1926
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Website www.daimler.com
Employees 289,321
Headquarters Germany
Major Products
Passenger Cars
Trucks
Vans
Camper Vans
Buses
Services
Company Overview
- Daimler AG is a German multinational automotive
corporation. Daimler AG is headquartered in
Stuttgart, Baden-Württemberg, Germany. As of
2014, Daimler owned or had shares in a number of
car, bus, truck and motorcycle brands including
Mercedes-Benz, Mercedes-AMG, Smart Automobile,
Detroit Diesel, Freightliner, Western Star,
Thomas Built Buses, Setra, BharatBenz, Mitsubishi
Fuso, MV Agusta as well as shares in Denza, KAMAZ
and Beijing Automotive Group. - Daimler is the thirteenth-largest car
manufacturer and is the largest truck
manufacturer in the world. Daimler provides
financial services through its Daimler Financial
Services arm. The company is a component of the
Euro Stoxx 50 stock market index. - The Daimler AG has a worldwide networks of
production plants and research centers. The
following list is a description of all locations
worldwide that include a Daimler plant, including
plants for Daimler subsidiaries EvoBus, Daimler
Trucks North America, Detroit Diesel,
Freightliner Trucks and Mitsubishi Fuso Truck and
Bus Corporation.
Sample
Business Strategy
- Investment Research and Development Daimler
goal is to continue our global growth in all the
vehicle segments in which they are represented
and in the services segment. Daimler want to
thrill its customers with outstanding products
and strong brands. The Asia region, and
especially China, are playing a central role in
Daimlers car business in particular. Connected,
Autonomous, Shared Services, Electric through
the connection of all the future-oriented CASE
areas, Daimler is transforming itself from an
automaker into a provider of mobility services.
Daimler is also shaping intuitive mobility with
comfortable, user-friendly products and services
that simplify our customers lives and mobility.
12Daimler AG (Business Segments Recent News)
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Business Strategy
Improves quality control structure and
globalization The company has adopted various
methods to enhance their manufacturing structure
which helps the company to improve the quality of
their automobile products. Moreover, the company
is looking forward towards expansion of
globalization. Daimler AG Motors adopted Hertz
Corporation Global Vision in 2011 to improve the
quantitative expansion across the globe. The
company is investing a huge amount for research
and development activities to introduce the
future of material handling equipment such as
hydrogen powered forklifts and automated guided
vehicles. The company spend USD 588.11 Million in
2016 for research and development of their
products and services. Hertz Corporation motors
is one of the largest automobile and mental
health software across the globe and expected to
lead other companies in near future.
13- In 2016, Electric Hybrid Bus Market was
dominated by Asia Pacific Electric Hybrid Buss
segment accounted for nearly XX of the total
Asia-Pacific Africa point of care market and
remaining XX went for different end-use segments
such as homecare settings. The main reason for
this despaired share is due to the rising demand
for point of care testing devices in Electric
Hybrid Bus Market on the back of their
advantages such as faster and precise results - However, as the medical device technology is on
rise (especially in developing countries), the
Africa therapeutic market is projected to reach
USD XXXX million in 2023 from USD XXXX million in
2016, registering a growth rate of XX. In
addition to that, Africa pharmaceutical market
touched USD XXXX million in 2016 and rising
demand for prescription medicines in the region
is expected to accelerate the market to USD XXXX
million by the end of 2023 - As a result, if seen from the big market point
of view, blood glucose monitoring devices demand
is higher in homecare settings followed by
Electric Hybrid Bus Market . Moreover, the
rising wearables expenditure in Africa on the
back of new wearables reforms and rising
investment in wearables sector is expected to
bolster the growth of point of care testing
devices in Africa Asia-Pacific region -
- With USD XXXX million in 2016, blood glucose
monitoring devices has the highest demand
followed by located hemoglobin (HbA1c) testing
devices and blood collection devices. The
advancement in diagnostic devices are encouraging
the hospitals and Electric Hybrid Bus Market
to adopt the advanced devices to obtain accurate
diagnosis data. The precise data would further
help the physicians to provide better treatment
to the patients - Further, increasing spending by government
authorities on research and development of
innovative and advanced medical devices along
with rising disease burden are some of the major
reasons behind the spiked growth of Asia-Pacific
Africa point of care testing (POCT) devices
market - Further, increasing spending by government
authorities on research and development of
innovative and advance connected devices along
with rising disease burden are some of the major
reasons behind the spiked growth of Middle East
Africa Electric Hybrid Bus Market market.
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Business Strategy
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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