Global Public Transport Vehicle Market 2021-2026

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    GLOBAL PUBLIC TRANSPORT VEHICLE MARKET

     

    INTRODUCTION

    Bus technology continues to develop as other technologies improve; buses are constantly improving in energy efficiency, passenger comfort, and reducing air pollution. Some of these improvements in various nations have been driven by regulatory standards for urban passenger buses. More broadly, however, there seems to be heightened community awareness of the benefits of clean, comfortable buses.

     

    infographic: Public Transport Vehicle Market, Public Transport Vehicle Market Size, Public Transport Vehicle Market Trends, Public Transport Vehicle Market Forecast, Public Transport Vehicle Market Risks, Public Transport Vehicle Market Report, Public Transport Vehicle Market Share

     

    As a result of bus deregulation and rail privatization, public transportation has experienced significant organizational changes. As part of the 1985 Transportation Act, buses were deregulated in October 1986. The railway system was privatized in 1993, and the first rail franchises were awarded in 1995. Despite the fact that the supply of public transportation has been delegated to private sector operators, the strategic management of both buses and rail remains the duty of local or national government. In the recent decade, the role of local governments and the federal government in transportation planning has grown.

     

    People from low-income and other disadvantaged groups rely on public transportation to reach employment and services. It also helps individuals visit friends and relatives and participate in community and other social events, which adds to the development of social networks and social capital. Policymakers have come to recognise that effective public transportation may play a significant role in decreasing social isolation.

     

    GLOBAL PUBLIC TRANSPORT VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 BYD Planning Big To Expand Electric Vehicles In Europe Varanasi Development has made its focused approach to introduced Ropeway system over a 5 Km radius. India This would enhance better EV Adoption and better suspension technologies harnessing.
    2 Varanasi to launch 400 Crore INR Ropeway System as public transport Chinese manufacturer BYD has delivered 76 electric buses to public transport operator Nobina for use in the Finnish capital Helsinki. This completes the order for a total of 119 vehicles. EU – Finland This would help in better presence and social responsibility on increased levels of requirements

     

     

    GLOBAL PUBLIC TRANSPORT VEHICLE MARKET DYNAMICS

    Over the past decade, European Nations cities have been witnessing an increasing trend in motorization with deteriorating air quality, and there have been calls to promote public transport as a way out of this gridlock. It is in this context that electric buses can play a positive role, as there are several benefits associated with the shift from conventional diesel buses to electric buses in terms of reduction in local pollution, noise, and fuel consumption.

     

    Global public transportation is expected to increase steadily in the future years. Rising urban population share with growing population and demand in cities for efficient and public transportation services adds gasoline to the industry. During the forecast period, all of these factors will contribute to the expansion of the global public transportation market in various areas.

     

    The increased corona infections in public services and public places have reduced demand for public transportation. According to the World Economic Forum, by April 2020, demand for public transportation in places such as Washington, Buenos Aires, and Copenhagen will have dropped by 75-85 percent. Furthermore, a greater emphasis on personal care and hygiene will have an influence on the future demand for public transportation services. Financial sensitivity as a result of rising unemployment will drive increased usage of public transportation throughout the world. Various government entities are focused on systematically coordinated reaction and execution of efficient public transit solutions.

     

    Over the last century, a diverse variety of public transportation business arrangements have evolved in many nations and localities. Approaches to planning, financing, and managing public transportation services range from nationalised government-run systems to approaches that allow private operators to enter the market freely. Over the last decade or so, there has been a lot of effort in the world’s public transportation industry to reform them. Various sorts of reforms have also been implemented here. Despite this variety, the goals of states and municipal governments are generally similar, as are the problems they face: In typically difficult situations, everyone strives to discover the greatest possible trade-off between quality and cost.

     

    GLOBAL PUBLIC TRANSPORT VEHICLE MARKET SEGMENTATION

    The Global Public Transport Vehicle Market can be segmented into following categories for further analysis.

     

    By Fuel Classification

    • Electric Propulsion
    • Hydrogen Propulsion
    • Conventional Fuel Propulsion
    • Hybrid Propulsion
    • Natural Gas Propulsion

     

    By Product Conveyance

    • Public Buses
    • Railway Systems
    • Metro Systems
    • Monorail Systems
    • Rapid Transit Systems

     

    By Availability 

    • Rural Presence
    • Urban Presence
    • Mixed Approach Presence

     

    By Battery Type

    • Lithium Nickel Manganese Cobalt (LI-NMC)
    • Lithium Iron Phosphate (LFP)
    • Lithium Cobalt Oxide (LCO)
    • Lithium Titanate Oxide (LTO)
    • Lithium Manganese Oxide (LMO)
    • Lithium Nickel Cobalt Aluminium Oxide (NCA)

     

    By EV Battery Output 

    • Upto 250 kW
    • Above 250 kW

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL PUBLIC TRANSPORT VEHICLE MARKET

    The Technology of Electric Vehicles Buses has been possible from the foundations of the Private vehicle interfaces being introduced as part of a higher part of mobility solutions placed under electrification requirements. In the most recent trend of market in Europe, Wright speed hybrid electric powertrains are designed for use in medium to heavy weight vehicles that perform frequent stop-starts and often operate at slow speeds. The technology has been applied to delivery trucks, garbage trucks, and buses; vehicles that often have poor fuel efficiency due to their slow speeds and stop-start operating conditions which includes the most required Public Electric Buses.

     

    The possibilities for digital applications and solutions for public transportation are limitless. Sensing devices and Internet of Things (IoT) technologies are becoming more durable and low-cost, supplying important data to municipalities, fleet management, and even passengers. Telematics technology is also being used to offer real-time data to transportation fleet management in order to assist detect and handle issues such as temperature control, fuel levels, ideal driving routes, operational efficiency, and more. Predictive analytics enables faster repair and better energy management, both of which are essential for mitigating environmental impact.

     

    To assist passengers feel safer during the Covid-19 epidemic, transportation agencies implemented specific measures (required mask-wearing, social distance, regular sanitization processes, activation of ventilation systems). All of these processes, however, do not ensure that the air is devoid of microorganisms that might cause sickness. Air purification technology can aid in addressing concerns about pollutants in the air that may be harmful to one’s health. They can also aid in the reduction of certain volatile organic compounds (VOCs) in the air that contribute to unpleasant smells, resulting in a better — and more comfortable — passenger experience.

     

    COMPETITIVE LANDSCAPE

    There has been a growing competition in Europe considering their large-scale collaborative efforts with Public Private initiatives throughout the Union nations for better Hybrid electric, fuel cell electric and full battery electric buses are currently being used in a number of public transport networks around the world. Different types of electric bus technology vary in terms of whether electrical energy is generated or stored onboard. Transport system effectiveness has to be rewarded as a vital feature for economic and social development. Nevertheless transportation activities are responsible of several negative effects on environment and human health with heavy consequences on social and economic aspects (negative externalities).

     

    BYD bus, designed for driver and passenger comfort with low noise and zero emissions, is the first Iron-Phosphate Battery powered electric bus in the world. It’s mature, reliable, and successful. The driving range available from the BYD E bus is better than any other comparable buses. Battery power for the BYD ebus has been designed specifically to meet customer requirements for safety, energy density and low cost, making the BYD Iron-Phosphate Battery the battery of choice. The energy consumption of BYD E bus is around 130kwh/100km in urban conditions, saving up to 70% of fuel costs. It has been integrated and energized with the fast-changing technology, BYD E bus can be fully recharged in around 5 hours.

     

    The Volvo Europe Buses have been part of a large scale of mobilization. The newly introduced Volvo 7900 Electric offers ultimate charging flexibility, where energy capacity as well as charging method, time and power are parameters. It has been integrated with a VDS System of Operations, VDS means effortless manoeuvring, especially in roundabouts and cornering. Exceptional driving comfort and a relief for the driver’s neck and shoulders. Sensitive Zones requirements are analysed alongside safe detection and analysis system. Volvo E Bus Model 7900 can be equipped with our new Pedestrian and Cyclist Detection System, a warning system to alert the driver and unprotected road users when there is a risk of collision.

     

    COMPANIES PROFILED

     

    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, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    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, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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