According to the recent study the trolley bus market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 12% to 14% from 2023 to 2028. Growth in this market is primarily driven by increasing popularity of electric vehicles and growing demand for affordable local commute.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in trolley bus market by bus type (pure electric and dual powered), application (local commuter transportation, amusement parks, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

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“Pure electric market is expected to remain the largest segment during the forecast period.”

Based on bus type, the trolley bus market is segmented into pure electric and dual powered. Lucintel forecasts that the pure electric market is expected to remain the largest segment due to as these busses are environmentally safe and the requirement for trolley busses is anticipated to rise further with increasing interest for sustainability and measures adopted to reduce emissions.

“Within the trolley bus market, the Local commuter transportation segment is expected to remain the largest application”

Based on application the Local commuter transportation segment is expected to witness the highest growth over the forecast period due to higher operational life as compared to the motor buses and improving the off-wire power capabilities in order to increase the adaptability of the trolley buses.

“North America will dominate the trolley bus market in near future”

North America will remain the fastest growing region due to high demand in transportation and increasing demand for trolley buses for traveling to commute places. Additionally, technical advancements and government’s increasing R&D investments is also one of the reasons behind market uplifting.

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Major players of trolley bus market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Astra Bus, Hometown Trolly, Molly, Gomaco Trolley Company, Pandrol, Viseon Bus GmbH, Salzburg AG, BPSWA, Solaris Bus & Coach S.A, and Bogdan are among the major trolley bus providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/trolley-bus-market.aspx or [email protected]