Latest Research Report – Global Articulated Bus Market 2017-2021
The Following Companies As The Key Players In The Global Articulated Bus Market: Daimler, MAN, Solaris Bus & Coach, and Volvo
Other Prominent Vendors in the market are: Ashok Leyland, BYD, New Flyer, Otokar, Scania, and Tata Motors
Commenting on the report, : “Bus transit is gaining popularity across the world as transit modes like light rail schemes require a high investment. The bus transit is seen as a cost-effective solution to address urban transport needs like comfort, reliability, accessibility, and ease of use. This is leading to the demand for high-capacity buses, particularly articulated buses. The articulated bus features more doors and a greater proportion of step-free access, which makes the articulated buses superior to their non-articulated counterparts.”
According to the report, since EVs are powered and driven by battery-powered systems, the improvement in the battery technology is one of the most important factors for the global EV market. There have been a number of improvements in the technology of battery electric vehicles, making them more desirable to the consumer. For example, advances in Li-ion batteries has made them comparatively lightweight with a long lifespan compared with conventional lead-acid and VRLA batteries.
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Further, the report states that auto OEMs are subject to heavy cost pressures every day due to the dynamism in the regulatory environment and a demanding consumer base. Environment and safety standards are pressurizing OEMs to find means to comply with regulations, while not transmitting additional costs to the consumers. Controlling emissions are bound to increase the cost of the vehicle. For instance, according to National Automobile Dealers Association, the US CAFE Standards (that became effective in 2016) may hike the manufacturing cost of a vehicle by $1,000. In addition, to suit lower emission standards, OEMs are expected to develop drivetrain technologies. Also, dynamism in standards will further affect the cost of R&D and production processes. Furthermore, consumers demand advanced features at competitive prices, which adds to the cost pressure of already cost-pressurized OEMs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Name: Hector Costello
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Organization: Orbis Research
Release ID: 200153