According to a new
research report recently published by Transparency Market Research,
the China new energy vehicle (NEV) taxi market is expected to reach
US$560.5 million at the end of the forecast period between 2014 and
2020. The research report, titled ‘NEV Taxi Market - China
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020’, states that the China new energy vehicle taxi market
will grow at a 36.5% CAGR. Owing to consistent government efforts to
promote NEV taxis as a means to reduce air pollution, the NEV taxi
market in China is expected to grow significantly in the coming
years. The report predicts the market to exhibit growth at a 36.5%
CAGR during the forecast period from 2014 to 2020. In-depth analysis
of NEV taxi market has been presented in the report, mentioning the
key drivers, restraints, latest trends, and future opportunities in
the market. To support its analysis of the growth factors for the
market, the report collects crucial data related to the market,
thereby presenting a comprehensive picture of the overall NEV taxi
market in China.
Browse The Market
Research Report of NEV Taxi Market :
The report uses
latest research techniques to study the entire value chain of the NEV
taxi market. Profiling key market players and using analytical tools
such as Porter’s five forces analysis and SWOT analysis, the report
provides detailed information about the vendor landscape of the NEV
taxi market.
Overview of the
NEV Taxi Market in China
In Chinese cities
such as Beijing, Shanghai, Guangzhou, and Xi’an, PM2.5 (particles
with an aerodynamic diameter less than 2.5 μm) air pollution is a
major concern. The concentration levels of PM2.5 in all these cities
exceed WHO air quality guidelines. The report points out that to
reduce pollution across the nation as well as dependence on foreign
oil imports, the Chinese government has been offering high subsidies
on the purchase of new energy vehicles. National and regional price
subsidies on NEV taxis, with special reference to key cities such as
Beijing, Shanghai, and Guangdong have been discussed in the report.
The government has also started NEV taxi fleets, which will fuel the
growth of the market.
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Report :
Increase in demand
for long range new energy vehicles has led battery suppliers to
striving to improve the technology behind it. The report provides
information on some of the battery suppliers and indicates that
advanced technology such as vehicle-to-grid and battery swapping
technologies will create a massive opportunity for the NEV taxi
market. However, the report indicates that the absence of
comprehensive infrastructure along with the high cost of NEV taxis
could deter the growth of the market.
The report
categorizes the NEV taxi market based upon the ownership of the
vehicles. A detailed analysis of individually and company-owned NEV
taxis has been presented in the report. The NEV taxi market has been
also segmented on the basis of range. The report predicts that the
short range taxi segment is expected to grow consistently, as
commuters prefer short range taxis to travel within a city. The long
range taxi segment is predicted to expand thanks to advances in
battery technology.
Browse Press
Release of NEV Taxi Market :
Companies
mentioned in the research report:
Mentioning the
competition in China NEV Taxi market, the report points out that BYD
Auto Co. Ltd. is the leading player followed by Anhui Jianghuai
Automobile Co Ltd (JAC). Changan Automobile Co. Ltd, Beijing
Automotive Industry Holding Co. Ltd. (BAIC), Dongfeng Nissan
Passenger Vehicle Company, and Beiqi Foton Motor Co. Ltd., are some
of the other key competitors in the market.
Related Reports :
Golf Cart and NEV
Market -
http://www.transparencymarketresearch.com/golf-cart-nev-market.html
Car Rental Market
- http://www.transparencymarketresearch.com/car-rental-market.html
Car Air
Fresheners Market -
http://www.transparencymarketresearch.com/north-america-car-air-fresheners-market.html
Market
Segmentation on the basis of Ownership:
- Company Owned
- Individually Owned
Market
Segmentation on the basis of Taxi Range:
- Short Range NEV Taxis
- Long Range NEV Taxis
This report gives
you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of
this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports
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