Global Hybrid Bus Industry valued approximately USD 420 billion in 2025 and forecasted to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The major factors speculated to augment the markets 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 type of buses usually use a Diesel-electric powertrain and are also known as hybrid Diesel-electric buses.
The regional analysis of Global Hybrid Bus Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of Industry share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The major market players in Hybrid Bus Industry are 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.
The detailed segments and sub-segment of the Industry are explained below:
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa