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 February 3, 2016 - 7:42 AM EST
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Global Electric Bus Market 2015 - Size, Share, Development, Growth and Demand Forecast to 2020 - Research and Markets

Research and Markets ( has announced the addition of the "Global Electric Bus Market Size, Share, Development, Growth and Demand Forecast to 2020" report to their offering.

The global electric bus market accounted for volume sales of 14,963 units in 2014. It is expected to grow with a CAGR of 19.6% during the period 2015 - 2020.

The parallel hybrid electric bus is expected to be the largest segment (43% share) of the global electric bus market in 2020. The Chinese electric bus market is expected to grow significantly during the forecast period, owing to the surging urbanization and development of many newly built advanced public transit systems in the smart cities of China.

By 2020, China is expected to account for more than 50% of the global electric bus market. In 2014, 8 out of top 10 electric bus players had more than 90% of their total revenue from Chinese market. The Indian government has also shown their interest in electric bus, as the country's leading bus player, ASHOK LEYLAND' is expected to commercialize their electric bus model in the India by 2017. In Europe, the U.K., Germany, and France are the major markets for electric bus. The government of the U.K. has launched a double decker electric bus in London earlier this year. Côte d'Ivoire, Uruguay, and Brazil are expected to be the early adopters of electric bus in Rest of the World region.

The electric bus market is still at its nascent phase, and requires further technical development for the increased adoption of electric buses. Moreover, the premium price of electric buses is the major hindrance for their large scale adoption within the public transit infrastructure, especially in the developing countries, where the regional governments are focusing more on low emission natural gas powered buses.

Electric bus manufacturers are limited in numbers. Most of the electric bus manufacturers have limited global presence. Only AB Volvo and BYD are operating across all the major markets. Globally, YUTONG GROUP is the largest player of the electric bus market. The company holds the largest market share in China. AB Volvo with its broader regional presence across all the major electric bus markets holds the second position in the global electric bus sales. AB Volvo is the largest electric bus manufacturer in Europe.

Key Topics Covered:

1. Research Scope and Methodology

2. Executive Summary

3. Market Outlook

4. Global Market Size and Forecast (2011 - 2020)

5. Electric Bus Market Breakdown by Geography

6. Competitive Positioning and Market Share Analysis

7. Company Profiles and Strategic Developments

- AB Volvo

- Alexander Dennis Limited

- Ashok Leyland Ltd.

- BYD Company Limited.

- Daimler AG


- King Long United Automotive Industry Co. Ltd.

- Proterra Inc.

- Shenzhen Wuzhoulong Motors Co. Ltd

- Solaris Bus & Coach S.A.

- Zhengzhou Yutong Group Co. Ltd.

- Zhongtong Bus & Holding Co. Ltd.

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Automotive, Commercial Vehicles

Source: Business Wire (February 3, 2016 - 7:42 AM EST)

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