The latest market report published by Constancy Researchers “Global Trolley Bus Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Trolley Bus Market: Overview
The global trolley bus market was valued at over US$ XXBillion in 2020 and is estimated to grow at a CAGR of 13.1% during the forecast period. The global trolley bus market is anticipated to witness high growth in the years to come due to the growing demand for electric vehicles along with the increased popularity of trolleybuses in European as well as Asian regions. The benefits of trolleybuses such as greater torque, ease to travel in hilly areas, and others are some other key factors for the growth of the global trolley bus market during the forecast period. Moreover, the rising demand for eco-friendly traveling is one of the key opportunities for the global trolley bus market over the upcoming years. Besides, the requirement of specific infrastructure is one of the key factors estimated to hamper the global trolley bus market growth in the years to come.
Global Trolley Bus Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global trolley bus market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global trolley bus market, the demand for trolleybuses has decreased due to halting the manufacturing industry worldwide along with the decreased traveling during the COVID-19 period.
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Global Trolley Bus Market: Report Highlights
- Based on the type, the pure electric category had a major share in 2020 and is estimated to witness huge growth during the forecast period. This is ascribed to its benefits such as being environmentally safe, less servicing, and others.
- On the basis of application, in the trolley bus market, the local commute bus category had a major share and is estimated to witness substantial growth over the upcoming years due to the increased demand for trolleybuses for the local commute across countries.
- Based on the regional analysis, Europe dominated the market in 2020 and is projected to grow at a substantial rate during the forecast period. This is majorly due to the fact that the trolleybus industry in Europe was in the advanced phase and in many European countries such as Italy, Germany, France, and others the demand for trolleybuses is growing.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global trolley bus market.
- As per the research by Constancy Researchers Private Limited, the global trolley bus market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Trolley Bus Market
- Astra Bus
- Hometown Trolly Inc.
- Molly Corporation
- Gomaco Trolley Company
- Pandrol Limited
- Viseon Bus GmbH
- Youngman Automobile Group Co., Ltd
- Salzburg AG
- BPSWA INC.
- Solaris Bus & Coach S.A
- ŠKODA ELECTRIC a.s.
- Bogdan group
- Others
Global Trolley Bus Market: Segmentation
Constancy Researchers Private Limited has segmented the global trolley bus market on the basis of bus type, application, and regional analysis-
Global Trolley Bus Market: By Bus Type
- Pure Electric
- Dual Powered
GlobalTrolley Bus Market: By Application
- Local Commute Transportation
- Amusement Parks
- Others
Global Trolley Bus Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
