Industrial and commercial electric vehicles have a similar market to cars but innovation techniques are faster and frequently more profitable for all in the value chain. However, Innovation often comes before cars because buses are lesser prices sensitive. A medium bus is a classification of single-decker minibusses which are larger than minibus but smaller than full-size decker bus.
The medium bus market is rapidly shifting with increasing adoption of alternatively-fueled buses and electric drivetrains.
The increasing infrastructure of cities leading to rising demand for vehicles, Advancement in technology and demand for low-carbon and zero-emission buses and Increasing population and urbanization to enhance their public transportation system.
Increasing Government Initiatives to support the adoption of emission-free buses in comparison to conventional diesel buses would support the growth of the global bus market and providing an opportunity for key vendors.
The Vendors Covered in the Study are:
Daimler AG (Germany), Volvo (Sweden), Tata Motors (India), Xiamen Golden Dragon Bus Co. (China), Xiamen King Long United Automotive Industry (China) and Zhengzhou Yutong Bus Co., Limited (China)