Ethanol Bus Market Trends, Growth and Forecast 2021-26
According to IMARC Group’s latest report, titled “Ethanol Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global ethanol bus market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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An ethanol bus is an eco-friendly alternative for diesel- and petrol-powered buses that generally use ethanol as the primary source of fuel. Ethanol is widely obtained from plant materials, agricultural feedstock, and sweet and starchy crops. It is a cost-effective energy source that reduces the dependency on fossil fuels.
Market Trends and Drivers:
The global ethanol bus market is primarily driven by a considerable rise in air pollution levels. Coupled with the rising environmental concerns and an enhanced focus on sustainable development among the masses, this is creating a positive outlook for the market. Along with this, multiple initiatives undertaken by the governments of numerous countries across the globe that aim to reduce carbon footprints and greenhouse gas emissions are acting as major growth-inducing factors. Other factors, including extensive research and development (R&D) activities conducted by key players and the introduction of improved ethanol-based fuel variants, are also contributing to the market growth.
Ethanol Bus Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the ethanol bus market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Fiat Chrysler Automobiles N.V.
- General Motors
- Isuzu Motors Ltd.
- Jaguar Land Rover Holdings Ltd.
- John Deere
- Toyota Motor Corporation
- Volkswagen Aktiengesellschaft
Key Market Segmentation:
The report has segmented the global ethanol bus market on the basis of type, application, ethanol source and region.
Breakup by Type:
- First-Generation Ethanol Bus
- Second-Generation Ethanol Bus
Breakup by Application:
- Municipal Traffic
Breakup by Ethanol Source:
Breakup by Region:
- North America
o United States
- Asia Pacific
o South Korea
o United Kingdom
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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