Global Information Inc. would like to present a new market research report, "Clean Mass Transit - Hybrid Electric, Natural Gas, and Fuel Cell Transit Buses, Bus Rapid Transit, Light Rail, Rapid Transit, and Commuter Rail: Market Analysis and Forecasts" by Navigant Research.
There are several opportunities expected for the mass transit vehicle market and many of them address a central challenge to this market: lowering emissions. Transit agencies are exploring forms of mass transit that have lower emissions in efforts to reduce their carbons emissions, such as electric rail or buses that utilize alternative fuel. Agencies typically operate bus lines, rail, or in some cases both. The bus transit sector, in particular, will continue to see diesel as the dominant source of power; however, natural gas and hybrid electric buses are expected to grow at a global compound annual growth rate (CAGR) of 8.2% and 19.8%, respectively through 2016.
Fuel cell buses are likely to see some modest gains by 2016 with deliveries expected to reach 1,083 vehicles. Meanwhile the rail transit market is not experiencing very rapid growth largely due to its high capital costs. Currently, the largest rail fleet is rapid transit, which includes elevated trains and subways. This division of rail transportation is expected to post 1.2% in compound annual growth rate. The largest markets for rail transit are Asia Pacific and Western Europe.
Pike Researchs new 59-page report is ideal reading for mass transit trade associations, bus and railcar OEM marketing managers, electric motor manufacturers, battery manufacturers, government environmental agency, transit agency planners, utility managers, railroad planning managers, and environmental transportation advocacy groups.
The report addresses critical aspects of the mass transit vehicle market, such as hybrid battery technology, rail electrification, regenerative braking, government emissions regulations, diesel technology, key market drivers, and emerging markets. Forecasts for alternative fuels buses, BRT, transit buses, rapid transit, commuter and light rail are also included through the 2016 forecast period by world region.