Bizizz Market Research has recently published a research report, “Trolley Bus Market by Bus Type (Dual Powered, Pure Electric), Application (Amusement Parks, Local Commute Transportation, Others), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2025”.
As per the report, Global Trolley Bus Market was valued at US$ 0.92 Bn in 2018 and it is anticipated to reach at market value of US$ XX Bn by 2025, witnessing a CAGR of 12.7 % during the forecast period.
As Compared to standard busses, trolleybuses provide a specific advantage as they provide a higher torque for hill climbing. It offers them a specific alternative in the event that mountainous terrain creates business opportunities for trolleybuses in these areas. The diesel bus manufacturers typically produce trolleybuses by connecting the electrical parts to the periodic trucks. In addition, trolleybuses can be optionally fitted with minimal off-wire capability. Busses are either powered by additional batteries or diesel propulsion systems, making them useful in the long run without the support of overhead wires. However, the requirement of specific infrastructure that supports the run of trolley buses might hinder the market growth.
The Trolley Bus market is anticipated to register a CAGR of over 12.7% during the forecast period.
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By Application, Local Commute Transportation Segment held a prominent share in Global Trolley Bus Market in 2018.
The local Commute transportation market is expected to hold a XX% share of the global trolley bus market. The most rising segment in the global market for trolleybuses is projected to be the use of trolleybuses for local transport. However, there are a few significant factors that pose a challenge to the adaptability of trolleybuses, such as the higher initial cost of busses and difficulties in rerouting buses. These factors may somehow derail the demand for trolleybuses, resulting in a negative impact on the growth of the market for trolleybuses.
By Bus Type, Pure Electric Segment of Global Trolley Bus Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
The segment of pure electric trolleybuses is projected to be the fastest-growing segment on the global market with a share of XX%. Such busses are environmentally safe and the demand for trolleybuses is expected to increase further, with a growing interest in sustainability and measures to reduce pollution. In fact, the service life of electric trolleybuses is greater than that of motor busses. This can be attributed to the use of batteries that involve less maintenance than internal combustion engines. In addition, companies are focusing on enhancing off-wire energy capacity to improve the adaptability of trolleybuses. This is one of the main driving factors expected to complement the development of the trolleybus industry in the coming years.
Europeis Anticipated to Dominate the Global Trolley Bus Market during the Forecast Period
The European trolley bus market is expected to hold a market share of xx% during the forecast period. Most countries in Europe, such as Germany, Italy, and France, have built an infrastructure for trolleybuses, which is expected to raise demand for trolleybuses in Europe.
While, North America is expected to see high growth in the coming time frame due to the high demand for transport and increasing demand for trolleybuses to travel to commuting locations. Technology advances and increasing government spending in R&D are also one of the factors behind the increase in the sector.
Global Trolley Bus market was moderately consolidated with key players accounting for significant share in 2018.Prominent players operating in the Global Trolley Bus Market are: Gomaco Trolley Company, Pandrol Limited, Viseon Bus GmbH, Astra Bus, Hometown Trolly Inc., Molly Corporation, Viseon Bus, Youngman Automobile Group Co., Ltd, Salzburg AG, BPSWA INC., Solaris Bus & Coach S.A, ŠKODA ELECTRIC, Bogdan group
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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