Hong Kong Electric Bus Market 2022-2030

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    HONG KONG ELECTRIC BUS MARKET

     

    INTRODUCTION

     In Hong Kong’s century-long history of public bus services, the introduction of the double-decker electric buses marks another significant turning point. With a 450kWh battery, the electric double-decker bus has an estimated range of more than 200km.

     

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    The government committed to buy 36 electric buses for the city’s transportation businesses in an effort to enhance roadside air quality and lower greenhouse gas emissions from petrol-powered buses. The five buses were the first to go on the road.

     

    Electric buses don’t emit any exhaust. In Hong Kong, a successful switch from conventional diesel franchised buses to electric buses might dramatically improve the air quality along the highways.

     

     

    HONG KONG ELECTRIC BUS MARKET SIZE AND FORECAST

     

    The Hong Kong Electric bus market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

     

    MARKET DYNAMICS

    The road map for reaching carbon neutrality includes the addition of new electric vehicles by Hong Kong bus operator KMB. New buses on Route 6 through Nathan Road, go into operation.

     

    The company will stop purchasing buses with diesel engines and eventually run an entirely electric fleet.

     

    The 16 brand-new neon-green buses on Route 6, which connects Tsim Sha Tsui Pier and Lai Chi Kok, entered service. The 8 km route travels via Nathan Road, a major road, and takes less than an hour to complete.

     

    The fifth wave of Covid-19 prevented the bus operator from launching the buses on schedule before the Lunar New Year. It intends to operate an entirely electric fleet.

     

    The 81 passenger capacity of the new single-deck buses is 16% larger than that of the previous model. In addition to preventing the battery from overheating, a new water-cooling system also lowers the likelihood of malfunctions.

     

    Single-deck buses now only require one hour and 40 minutes to charge instead of the previous two hours, and they can go 200 km on a single charge. According to Lam, the buses can operate for an entire day on a single full charge.

     

     

    COMPANY PROFILE

    • Great Dragon International Corp. Ltd.
    • Confidence Motors Limited 
    • China Dynamics Limited
    • Regal Motors Limited
    • AB Volvo
    • BYD

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Hong Kong Electric bus market right now and how will it change in the next 5-6 years?
    2. Average cost to set up an Electric bus market in Hong Kong?
    3. How many Hong Kong Electric bus markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a Hong Kong Electric bus market and key vendor selection criteria
    6. Where is the Hong Kong Electric bus market  manufactured? What is the average margin per equipment?
    7. Market share of Hong Kong Electric bus market manufacturers and their upcoming products
    8. The most important planned Hong Kong Electric bus market in next 2 years
    9. Details on network of major Hong Kong Electric bus market and pricing plans
    10. Cost advantage for OEMs who manufacture Hong Kong Electric bus market in-house
    11. 5 key predictions for next 5 years in Hong Kong Electric bus market
    12. Average B-2-B Hong Kong Electric bus market price in all segments
    13. Latest trends in Hong Kong Electric bus market, by every market segment
    14. The market size (both volume and value) of the Hong Kong Electric bus market in 2022-2030 and every year in between?
    15. Global production breakup of Hong Kong Electric bus market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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