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Ethanol Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Ethanol Bus Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • June 2021
  • 142 pages
  • ID: 5889829
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global ethanol bus market exhibited strong growth during 2015-2020.

An ethanol bus is a passenger bus that uses ethanol as a fuel source. Ethanol is produced from agricultural feedstock, plant materials (switchgrass and wood pulp), starchy crops (corn, sorghum and barley) and sweet crops (sugarcane, citrus and sugar beets). In comparison to traditional diesel- and petrol-run buses, these vehicles are environment-friendly, cost-effective and reduce the overall dependency of fossil fuels. Owing to this, they are widely being adopted by public and government institutions for mass transportation.

The increasing adoption of green fuels, along with the introduction of environment-friendly automobiles, is one of the key factors driving the growth of the market. There is an increasing preference for first-generation biofuels (bioethanol) that are manufactured using sugars and oils found in crops, followed by second-generation biofuels, which are produced using lignocellulosic biomass or woody crops, agricultural residues, and waste. Furthermore, increasing environmental consciousness and the implementation of government initiatives to minimize air pollution level, are also providing a boost to the market growth. For instance, emerging nations, such as India, are launching ethanol buses on a large-scale to minimize carbon and greenhouse gas (GHG) emissions into the environment and offer a cost-effective mode of public transport. Additionally, various technological advancements in the manufacturing processes of ethanol and other biofuels are also creating a positive outlook for the market. The improvements in biomass and yeast performance have enhanced the efficiency of bioethanol production. Looking forward, the analyst expects the global ethanol bus market to grow at a CAGR of around 10% during 2021-2026.

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
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Others
Europe
Germany
France
United Kingdom
Italy
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Audi, Fiat Chrysler Automobiles N.V., Ford, General Motors, Isuzu Motors Ltd., Jaguar Land Rover Holdings Ltd., John Deere, Nissan, Scania, Toyota Motor Corporation, Volkswagen Aktiengesellschaft, etc. Key Questions Answered in This Report:

How has the global ethanol bus market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global ethanol bus market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the ethanol source?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global ethanol bus market and who are the key players?
What is the degree of competition in the industry?

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