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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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