Reliability and Cost Benefits of Low-Floor Hybrid Buses to Drive Growth of Market


Published Date : Dec 05, 2016

ALBANY, NY, Dec 05, 2016: The report, titled, “Global Low-Floor Hybrid Bus Market 2016-2020” is compiled in order to present a detailed evaluation on the market. All the top attributes of the market have been covered in detail and any technological developments taking place in the market have also been presented. The key strategies being implemented by the leading players for better business into the market for low-floor hybrid buses have also been compiled under the competitive landscape section of the report. Porter’s five forces reports and SWOT reports have also been employed in order to present a clear view of the competition prevalent in the market. 

The first section of the report throws light on the market overview section. This section presents the key market highlights and the value chain reports of the market. The global low-floor hybrid bus market is poised to rise at a whopping 15.70% CAGR between 2016 and 2020. The study discusses the key benefits of hybrid buses such as increased comfort, reliability, reduced cost. Hybrid buses help in saving fuel and lower maintenance costs, although they need huge initial investment. These factors will fuel the development of the overall market. On the other hand, the plug in hybrid bus charging load may have a negative impact on the supply and power grids. 

Owing to the growing demand for low-floor hybrid buses, the low floor hybrid bus market will be experiencing the introduction of alternative fuel vehicle (AFV) that will employ hydrogen fuel cells as the source of power in forthcoming years. 

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The following section of the study encapsulates the segmentation of the global low-floor hybrid bus market. On the basis of hybrid powertrain, the market is segmented into series-parallel hybrid bus, series hybrid bus, parallel hybrid bus. The segment of parallel hybrid bus was the market leader in 2015 because of the fact that the total price of parallel hybrid buses is reduced owing to the small battery pack placed in parallel systems. In addition, it has been predicted that the lowering cost of battery in the coming years will lower the cost of hybrid powertrains, in turn, fuelling the parallel hybrid buses ‘demand. 

In terms of geography, the report segments the low-floor hybrid bus market into Asia Pacific (APAC), Europe, the Middle East, and Africa, and the Americas. Of these, the APAC low-floor hybrid bus market emerged as the top revenue generator in 2015. In this region, both Japan and China emerged as prime markets owing to the increasing infrastructural development and the proliferation of key manufacturers of low-floor hybrid buses. 

The prime players dominant in the global low-floor hybrid bus market are Daimler, Volvo, Wuzhoulong, Yutong, King Long, Alexander Dennis Limited, New Flyer, Foton Motors, GILLIG, and FAW, among others, as per this study. 

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