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Global Low-floor Hybrid Bus Market 2016-2020

About Low-floor Hybrid Buses

To comply with regulations and laws, bus manufacturers have actively invested in new alternative propulsion technologies that are fuel efficient and emit low emissions. Among various alternative propulsion technologies, such as the use of compressed natural gas (CNG) and ethanol blend as the energy source, one technology that has gained popularity in the recent time is hybrid powertrain system. This technology integrates a conventional internal combustion engine (ICE) with a battery-electric motor system to power the bus.

Technavio’s analysts forecast the global low-floor hybrid bus market to grow at a CAGR of 15.77% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global low-floor hybrid bus market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of low-floor hybrid buses.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Low-floor Hybrid Bus Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daimler
  • Volvo
  • Wuzhoulong
  • Yutong
Other prominent vendors
  • King Long
  • New Flyer
  • Alexander Dennis Limited
  • Foton Motors
  • FAW
  • GILLIG
Market driver
  • Cost benefits, reliable, and more comfortable
  • For a full, detailed list, view our report
Market challenge
  • Plug in hybrid bus charging load to impact power grids and supply
  • For a full, detailed list, view our report
Market trend
  • Ultra-capacitors in hybrid bus energy storage system
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Low-floor Hybrid Bus Market 2016-2020

Technavio recognizes the following companies as the key players in the global low-floor hybrid bus market: Daimler, Volvo, Wuzhoulong, and Yutong

Other Prominent Vendors in the market are: King Long, New Flyer, Alexander Dennis Limited, Foton Motors, FAW, and GILLIG

Commenting on the report, an analyst from Technavio’s team said: “Ultra-capacitors used for energy storage and discharge function in the battery packs of hybrid buses are a highly attracted futuristic trend. Ultra-capacitors are energy storage devices, which unlike a battery, stores energy through an electric field, whereas a battery stores energy through a chemical reaction. As ultra-capacitors conduct electricity through an electric field, it can store higher charge quantity compared with a battery. Thus, the ultra-capacitor has higher energy density and 30%-40% reduced cost than normal Li-ion battery pack. They can fast recharge the batteries of hybrid buses, mostly suitable in urban areas where there is a stop in every few meters.”

According to the report, the Canadian government has initiated Transport Electrification Action Plan 2015-2020, under which $420 million is invested to electrify the public transports. It will support the public transport showcase projects from private sector vendors. The Japanese government provides acquisition tax exemption, tonnage tax exemption, and subsidies up to $1,100 on low-emission vehicle purchases.

Further, the report states that the high initial investment/cost of a purchase associated with hybrid bus hinders the global low-floor hybrid bus market growth. Hybrid bus costs are almost double than a conventional diesel and CNG bus. The high cost of battery packs in hybrid buses are the major reason for this increased cost of the hybrid bus.

Companies Mentioned

Daimler, Volvo, Wuzhoulong, Yutong, King Long, New Flyer, Alexander Dennis Limited, Foton Motors, FAW, GILLIG.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Report coverage
      • Table Scope of the report
      • Table Definition of products and markets
    • Top-vendor offerings
      • Table Product offerings: Key vendors
    • Other prominent vendors
      • Table Products offered
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global heavy-duty bus market by share 2015
      • Table Global heavy-duty bus market by share 2020
      • Table Types of hybrid-electric bus by powertrain operations
      • Table Parallel hybrid mechanism
      • Table Series hybrid mechanism
      • Table Series-Parallel hybrid mechanism
      • Table Start-up stage
      • Table Normal speeding
      • Table Sudden acceleration
      • Table Sudden braking: Full HEV
      • Table Battery recharging
    • Value chain analysis
      • Table Hybrid bus value chain
    • Regulatory framework
  • Market landscape
    • Market overview
      • Table Global low-floor hybrid bus market segmentation
      • Table Global low-floor hybrid electric bus market 2015-2020 (thousand units)
  • Market segmentation by hybrid powertrain
    • Market overview
      • Table Global low-floor hybrid bus market share by hybrid powertrain type 2015
      • Table Global low-floor hybrid bus market share by hybrid powertrain 2020
      • Table Global parallel hybrid bus market 2015-2020 (thousand units)
      • Table Global series hybrid bus market 2015-2020 (thousand units)
      • Table Global series-parallel hybrid bus market 2015-2020 (thousand units)
  • Geographical segmentation
    • Table Global low-floor hybrid bus market segmentation by geography 2015 (share)
    • Table Global hybrid bus market segmentation by geography 2020 (share)
    • Hybrid bus market in APAC
      • Table APAC: Key influencing factors
      • Table Low-floor hybrid bus market in APAC 2015- 2020 (thousand units)
      • Table China share in global hybrid bus market 2015
    • Hybrid bus market in EMEA
      • Table EMEA: Key influencing factors
      • Table Hybrid bus market in EMEA 2015-2020 (thousand units)
    • Hybrid bus market in Americas
      • Table Americas: Key influencing factors
      • Table Hybrid bus market in Americas 2015-2020 (thousand units)
  • Market drivers
    • Table Cost for a bus to travel 100 km
    • Table Average price of hybrid powertrain electric components 2015 and 2020
  • Market challenges
    • Table Price comparison between diesel, CNG, and hybrid bus ($)
  • Market trends
    • Table Energy storage comparison: UC and Li-ion battery
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive comparison of key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Daimler
      • Table Daimler: Business segmentation
      • Table Daimler: Key brands
      • Table Daimler: Business segmentation by revenue 2015
      • Table Daimler: Recent developments
    • Volvo
      • Table Volvo: Business segmentation by revenue share 2015
      • Table Volvo: Geography segmentation by revenue share 2015
      • Table Volvo hybrid and electric bus sales by geography 2014
      • Table Volvo: Recent development
    • Wuzhoulong
      • Table Wuzhoulong: Hybrid electric bus portfolio
      • Table Wuzhoulong: Product portfolio
      • Table Wuzhoulong: Recent developments
    • Yutong
      • Table Yutong: Hybrid bus portfolio
      • Table Yutong: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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