IMARC Group has recently released a new research study titled “Ethanol Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the global ethanol bus market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
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Market Outlook:
The global ethanol bus market is expected to exhibit a CAGR of 11.23% during 2022-2027. An ethanol bus is a passenger bus that uses ethanol as fuel. Ethanol is produced by fermenting crops containing starch and sugar grains, such as corn, sugarcane, or sweet beets. It is usually blended with gasoline or other fuels to be used in vehicles and for powering automobiles. Compared to traditional diesel- and petrol-run buses, these vehicles are environment-friendly, cost-effective, and reduce the overall dependency on fossil fuels. Owing to these properties, ethanol buses are widely used for mass transportation purposes.
Market Trends and Growth Drivers:
The market is primarily driven by the increasing adoption of green fuels due to the introduction of environment-friendly automobiles. In addition, the implementation of government initiatives to minimize air pollution levels represents another major growth-inducing factor. For instance, emerging economies, such as India, are launching ethanol buses to minimize carbon and greenhouse gas (GHG) emissions into the environment and offer a cost-effective mode of public transport. Besides this, various technological advancements in the manufacturing processes of ethanol and other biofuels are creating a positive outlook for the market. Moreover, second-generation ethanol is widely gaining prominence as its usage is associated with significantly reduced GHG emissions as compared to its first-generation counterpart, which in turn is propelling the market growth.
Competitive Landscape With Key Players:
The competitive landscape of the ethanol bus market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AUDI AG
- Fiat Chrysler Automobiles N.V.
- Ford Motor Credit Company LLC
- General Motors Company
- Isuzu Motors Limited
- Jaguar Land Rover Limited
- Deere & Company
- Nissan Motor Company
- Scania CV AB
- Toyota Motor Corporation
- Volkswagen AG
Key Market Segmentation:
The report has segmented the global ethanol bus market based on type, application, ethanol source and region.
Breakup by Type:
- First-Generation Ethanol Bus
- Second-Generation Ethanol Bus
Breakup by Application:
- School
- Municipal Traffic
- Others
Breakup by Ethanol Source:
- Corn
- Sugarcane
- Wheat
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/ethanol-bus-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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