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The global ethanol bus market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global ethanol bus market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, application and ethanol source.
Breakup by Type:
Breakup by Application:
Breakup by Ethanol Source:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Application, Ethanol Source, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Russia, China, Japan, India, South Korea, Brazil, Mexico|
|Companies Covered||Audi, Fiat Chrysler Automobiles N.V., Ford, General Motors, Isuzu Motors Ltd., Jaguar Land Rover Holdings Ltd., John Deere, Nissan, Scania, Toyota Motor Corporation and Volkswagen Aktiengesellschaft|
|Customization Scope||10% Free Customization|
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We expect the global ethanol bus market to exhibit a CAGR of around 10% during 2021-2026.
The shifting consumer preferences from conventional fuel-based transportation facilities towards eco-friendly alternatives to reduce carbon emissions are currently driving the global ethanol bus market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing units for ethanol buses, thereby negatively impacting the overall market.
Based on the type, the global ethanol bus market can be segmented into first-generation ethanol bus and second-generation ethanol bus. Currently, first-generation ethanol bus holds the majority of the total market share.
Based on the application, the global ethanol bus market has been divided into school, municipal traffic, and others, where municipal traffic currently exhibits a clear dominance in the market.
Based on the ethanol source, the global ethanol bus market can be categorized into corn, sugarcane, wheat, and others. Among these, corn currently accounts for the largest share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global ethanol bus market include 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.
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