Market Overview:
The global electric bus / coach market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for environment-friendly public transportation and rising concerns over air pollution. The global electric bus / coach market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into full battery electric buses (BEB), hybrid electric buses (HEB), and fuel cell electric buses (FCEB). BEBs are expected to account for a major share of the global electric bus / coach market in terms of volume owing to their high efficiency and low emissions as compared to other types of buses. On the basis of application, the market is segmented into bus transport, school bus transport, tourism transport, and other applications such as airport shuttle services or corporate shuttle services. Bus transport accounted for a majority share in 2017 owing to its growing popularity among transit authorities across different regions worldwide.
Product Definition:
Electric bus or coach is a bus powered by electricity. It is an environmentally friendly alternative to traditional buses, which run on diesel or gasoline. Electric buses are more expensive to purchase than traditional buses, but they are cheaper to operate and maintain. They also produce fewer emissions, making them more environmentally friendly.
Full Battery Electric Buses (BEB):
Full battery electric buses (BEB) are zero-emission vehicles that run on electricity. They have a large capacity and can carry more passengers than conventional diesel or hybrid buses. BEBs use lithium-ion batteries for power storage, which offer better performance and reliability as compared to traditional batteries used in electric vehicles.
Hybrid Electric Buses (HEB):
Hybrid Electric Buses (HEB) are a combination of both battery electric buses and conventional diesel buses. They use lithium-ion batteries for power supply, hence they are also called as rechargeable electric buses or hybrid electric bus. HEBs have more capacity than diesel-electric hybrid vehicles and less capacity than battery electric vehicles owing to which they can go longer distances on one charge.
Application Insights:
The bus application segment led the global electric bus/coach market with a revenue share of over 60% in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing demand from public transport operators. Full battery electric buses have lower operational costs and generate cheaper electricity compared to diesel buses, which makes it more attractive for transportation authorities and transit agencies. Hybrid Electric Buses (HEBs) are also expected to witness considerable growth on account of their ability to operate on both conventional diesel and clean electricity sources, thereby reducing operating cost as well as generating savings for end-users.
The school bus application segment is estimated to register the fastest CAGR of XX% from 2018to 2030 due primarilyto growing government initiatives towards promoting passenger transportation services at an international level through various programs such as ¢â‚¬Å“PTS 2012-17¢â‚¬ in India.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to witness a growth rate of over 5% from 2018 to 2030. This can be attributed to increasing government initiatives and favorable regulations that are promoting the adoption of electric vehicles across the region. For instance, in March 2018, U.S Department of Energy launched a new initiative called “Advanced Motor Technology†(AMT) with an aim to develop efficient motors for BEVs by 2030 at the latest.
Europe was estimated as second-largest market in 2017 owing to stringent emission norms and policies implemented across various countries such as Norway, Sweden, Germany etc., which has led European manufacturers focus on developing cost-effective electric buses or coaches instead of focusing on higher passenger carrying capacity alone (HCK). In addition, these factors have encouraged many global bus operators/suppliers such as Volvo Group; Neoplan GmbH & Co.
Growth Factors:
- Increasing demand for public transportation: The increasing population and the subsequent increase in the number of commuters is one of the primary growth drivers for electric bus market. Governments are investing in public transportation infrastructure to reduce traffic congestion and pollution levels. This is expected to create opportunities for electric bus manufacturers in the coming years.
- Stringent emission norms: Stringent emission norms across different countries are promoting the adoption of electric buses as they emit zero emissions compared to traditional diesel buses. China, Europe, and North America have set stringent emission regulations that favor electric buses over diesel-powered ones.
- Government subsidies and incentives: Several governments offer subsidies or incentives for purchasing electric buses, which is aiding their adoption at a faster pace globally . For instance, China offers a subsidy of up to 30% of the total cost of an electric bus purchase . In addition, several states in India have announced plans to replace all government vehicles with EVs by 2030 .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Bus / Coach Market Research Report
By Type
Full Battery Electric Buses (BEB), Hybrid Electric Buses (HEB), Fuel Cell Electric Buses (FCEB)
By Application
Bus, School Bus, Tourism, Other
By Companies
BYD, Daimler, Golden Dragon, NFI Group, Proterra, VDL Bus & Coach, Volvo AB, Zhengzhou Yutong, Zhongtong Bus & Holding
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electric Bus / Coach Market Report Segments:
The global Electric Bus / Coach market is segmented on the basis of:
Types
Full Battery Electric Buses (BEB), Hybrid Electric Buses (HEB), Fuel Cell Electric Buses (FCEB)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bus, School Bus, Tourism, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD
- Daimler
- Golden Dragon
- NFI Group
- Proterra
- VDL Bus & Coach
- Volvo AB
- Zhengzhou Yutong
- Zhongtong Bus & Holding
Highlights of The Electric Bus / Coach Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Full Battery Electric Buses (BEB)
- Hybrid Electric Buses (HEB)
- Fuel Cell Electric Buses (FCEB)
- By Application:
- Bus
- School Bus
- Tourism
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Bus / Coach Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric buses are powered by electricity and run on a bus lane. They are quieter than traditional buses, have fewer emissions, and can travel up to 80 miles per hour.
Some of the major players in the electric bus / coach market are BYD, Daimler, Golden Dragon, NFI Group, Proterra, VDL Bus & Coach, Volvo AB, Zhengzhou Yutong, Zhongtong Bus & Holding.
The electric bus / coach market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Bus / Coach Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Bus / Coach Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Bus / Coach Market - Supply Chain
4.5. Global Electric Bus / Coach Market Forecast
4.5.1. Electric Bus / Coach Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Bus / Coach Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Bus / Coach Market Absolute $ Opportunity
5. Global Electric Bus / Coach Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Bus / Coach Market Size and Volume Forecast by Type
5.3.1. Full Battery Electric Buses (BEB)
5.3.2. Hybrid Electric Buses (HEB)
5.3.3. Fuel Cell Electric Buses (FCEB)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Bus / Coach Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Bus / Coach Market Size and Volume Forecast by Application
6.3.1. Bus
6.3.2. School Bus
6.3.3. Tourism
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Bus / Coach Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Bus / Coach Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Bus / Coach Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Bus / Coach Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Bus / Coach Demand Share Forecast, 2019-2026
9. North America Electric Bus / Coach Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Bus / Coach Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Bus / Coach Market Size and Volume Forecast by Application
9.4.1. Bus
9.4.2. School Bus
9.4.3. Tourism
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Bus / Coach Market Size and Volume Forecast by Type
9.7.1. Full Battery Electric Buses (BEB)
9.7.2. Hybrid Electric Buses (HEB)
9.7.3. Fuel Cell Electric Buses (FCEB)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Bus / Coach Demand Share Forecast, 2019-2026
10. Latin America Electric Bus / Coach Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Bus / Coach Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Bus / Coach Market Size and Volume Forecast by Application
10.4.1. Bus
10.4.2. School Bus
10.4.3. Tourism
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Bus / Coach Market Size and Volume Forecast by Type
10.7.1. Full Battery Electric Buses (BEB)
10.7.2. Hybrid Electric Buses (HEB)
10.7.3. Fuel Cell Electric Buses (FCEB)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Bus / Coach Demand Share Forecast, 2019-2026
11. Europe Electric Bus / Coach Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Bus / Coach Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Bus / Coach Market Size and Volume Forecast by Application
11.4.1. Bus
11.4.2. School Bus
11.4.3. Tourism
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Bus / Coach Market Size and Volume Forecast by Type
11.7.1. Full Battery Electric Buses (BEB)
11.7.2. Hybrid Electric Buses (HEB)
11.7.3. Fuel Cell Electric Buses (FCEB)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Bus / Coach Demand Share, 2019-2026
12. Asia Pacific Electric Bus / Coach Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Bus / Coach Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Bus / Coach Market Size and Volume Forecast by Application
12.4.1. Bus
12.4.2. School Bus
12.4.3. Tourism
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Bus / Coach Market Size and Volume Forecast by Type
12.7.1. Full Battery Electric Buses (BEB)
12.7.2. Hybrid Electric Buses (HEB)
12.7.3. Fuel Cell Electric Buses (FCEB)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Bus / Coach Demand Share, 2019-2026
13. Middle East & Africa Electric Bus / Coach Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Bus / Coach Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Bus / Coach Market Size and Volume Forecast by Application
13.4.1. Bus
13.4.2. School Bus
13.4.3. Tourism
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Bus / Coach Market Size and Volume Forecast by Type
13.7.1. Full Battery Electric Buses (BEB)
13.7.2. Hybrid Electric Buses (HEB)
13.7.3. Fuel Cell Electric Buses (FCEB)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Bus / Coach Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Bus / Coach Market: Market Share Analysis
14.2. Electric Bus / Coach Distributors and Customers
14.3. Electric Bus / Coach Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BYD
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daimler
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Golden Dragon
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NFI Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Proterra
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. VDL Bus & Coach
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volvo AB
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zhengzhou Yutong
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zhongtong Bus & Holding
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
