Press Release

Italy Electric Bus Market to Grow at Steady CAGR During Forecast Period

Rising environmental concerns and increasing government investments in fuel saving technologies to drive Italy electric bus market through 2024

According to TechSci Research report, Italy Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024 the Italy electric bus market is expected to grow at a steady rate during the forecast period owing to the growing environmental concerns, steps taken to reduce climate change and environmental impacts of fossil fuels. Additionally, promising government strategies and supportive regulations, increasing fuel prices, rising greenhouse gases emissions, among others are the key factors driving the growth of Italy electric bus market. However, lack of technical awareness and fluctuations in government policies and subsidies are likely to hamper the growth of the market.

Browse market data Tables and Figures spread through 70 Pages and an in-depth TOC on "Italy Electric Bus Market" 

The Italy electric bus market is segmented based on seating type, battery type, application, bus length, region and company. Based on battery type, the market can be divided into lead acid and lithium ion. Lithium ion battery segment is expected to register the highest CAGR during forecast period since they are reliable, safer, efficient, easily available and cost effective. On the basis of bus length, the market can be categorized into 6-8m, 9-12m and above 12m. The 9-12m length segment is anticipated to witness the fastest growth during the forecast period owing to their precise length which is suitable for transit bus service.

Solaris, BYD (Italy) Co, Ltd., Mercedes-Benz Italia S.p.A, ATM Milano, Inveco Bus, among others are some of the leading players operating in Italy electric bus market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“Italy is one of the fastest growing markets in the European Union and is expected to create huge opportunities for the electric bus market. Additionally, rising focus on environment along with government support for the promotion of electric vehicle is likely to give a healthy push to the Italy electric bus market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Italy Electric Bus Market By Seating Capacity, By Battery Type, By Application, By Bus Length, Competition, Forecast & Opportunities, 2024, has evaluated the future growth potential of Italy electric bus market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Italy electric bus market.

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