The global electric and hybrid electric buses market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for eco-friendly vehicles, which is driving the adoption of electric and hybrid buses. The light duty electric bus segment accounted for a major share in the global market in 2018, owing to its low cost and high efficiency. However, heavy duty electric buses are expected to witness significant growth during the forecast period due to their higher payload capacity and longer range than light duty buses. The industry segment accounted for a major share in the global market in 2018 due to its high demand from various industries such as mining, construction, logistics & transportation etc, which require efficient transportation solutions with minimal emissions. The commercial segment is also expected to witness significant growth during the forecast period due to its increasing adoption by various organizations such as hotels & resorts etc, which require efficient transportation solutions with minimal emissions.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric buses in the developing countries such as China, India, and Brazil is one of the major factors driving the growth of this market.
- The introduction of new technologies such as wireless charging and battery swapping will help in reducing the cost associated with operating an electric bus fleet which will further boost its adoption rate in various regions across the globe.
- The lack of charging infrastructure is one of the major challenges faced by this market which can be overcome by introducing wireless charging technology that does not require any physical connection between a charger and a vehicle to charge it wirelessly or through inductive coupling where power transfer takes place through electromagnetic induction without any physical contact between two objects (charger and vehicle).
- Increasing environmental concerns are also driving this market due to its zero emission nature which helps in reducing air pollution levels caused by diesel-powered buses.
Industry Growth Insights published a new data on “Electric & Hybrid Electric Buses Market”. The research report is titled “Electric & Hybrid Electric Buses Market research by Types (Light Duty Electric, Hybrid Electric Bus, Heavy Duty Electric, Hybrid Electric Bus), By Applications (Industry, Commercial, Others), By Players/Companies Aktiebolaget Volvo, Alexander Dennis Limited, Anhui Ankai Automobile Co., Ltd., BYD Company Limited, Daimler AG, Ebusco B.V., GreenPower Motor Company Inc., Heilongjiang Longhua Automobile Co., Ltd., Iveco S.p.A., New Flyer Industries Limited, Optare PLC, Proterra Inc., Shanghai Sunwin Bus Corporation, Shenzhen Wuzhoulong Motors Co. Ltd., Solaris Bus and Coach S.A., VDL Bus & Coach bv, Wrighbus Limited, Xiamen King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Bus Co. Ltd., Zhongtong Bus & Holding Co., Ltd.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric & Hybrid Electric Buses Market Research Report
By Type
Light Duty Electric, Hybrid Electric Bus, Heavy Duty Electric, Hybrid Electric Bus
By Application
Industry, Commercial, Others
By Companies
Aktiebolaget Volvo, Alexander Dennis Limited, Anhui Ankai Automobile Co., Ltd., BYD Company Limited, Daimler AG, Ebusco B.V., GreenPower Motor Company Inc., Heilongjiang Longhua Automobile Co., Ltd., Iveco S.p.A., New Flyer Industries Limited, Optare PLC, Proterra Inc., Shanghai Sunwin Bus Corporation, Shenzhen Wuzhoulong Motors Co. Ltd., Solaris Bus and Coach S.A., VDL Bus & Coach bv, Wrighbus Limited, Xiamen King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Bus Co. Ltd., Zhongtong Bus & Holding Co., Ltd.
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Electric & Hybrid Electric Buses Market Report Segments:
The global Electric & Hybrid Electric Buses market is segmented on the basis of:
Types
Light Duty Electric, Hybrid Electric Bus, Heavy Duty Electric, Hybrid Electric Bus
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
Industry, Commercial, Others
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:
- Aktiebolaget Volvo
- Alexander Dennis Limited
- Anhui Ankai Automobile Co., Ltd.
- BYD Company Limited
- Daimler AG
- Ebusco B.V.
- GreenPower Motor Company Inc.
- Heilongjiang Longhua Automobile Co., Ltd.
- Iveco S.p.A.
- New Flyer Industries Limited
- Optare PLC
- Proterra Inc.
- Shanghai Sunwin Bus Corporation
- Shenzhen Wuzhoulong Motors Co. Ltd.
- Solaris Bus and Coach S.A.
- VDL Bus & Coach bv
- Wrighbus Limited
- Xiamen King Long United Automotive Industry Co. Ltd.
- Zhengzhou Yutong Bus Co. Ltd.
- Zhongtong Bus & Holding Co., Ltd.
Highlights of The Electric & Hybrid Electric Buses 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:
- Light Duty Electric
- Hybrid Electric Bus
- Heavy Duty Electric
- Hybrid Electric Bus
- By Application:
- Industry
- Commercial
- Others
- 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 & Hybrid Electric Buses 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 and hybrid electric buses are buses that use electricity from batteries to power the motors. This type of bus is more environmentally friendly because it does not produce emissions from the engine.
Some of the major companies in the electric & hybrid electric buses market are Aktiebolaget Volvo, Alexander Dennis Limited, Anhui Ankai Automobile Co., Ltd., BYD Company Limited, Daimler AG, Ebusco B.V., GreenPower Motor Company Inc., Heilongjiang Longhua Automobile Co., Ltd., Iveco S.p.A., New Flyer Industries Limited, Optare PLC, Proterra Inc., Shanghai Sunwin Bus Corporation, Shenzhen Wuzhoulong Motors Co. Ltd., Solaris Bus and Coach S.A., VDL Bus & Coach bv, Wrighbus Limited, Xiamen King Long United Automotive Industry Co. Ltd., Zhengzhou Yutong Bus Co. Ltd., Zhongtong Bus & Holding Co., Ltd..
The electric & hybrid electric buses market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric & Hybrid Electric Buses Market - Supply Chain
4.5. Global Electric & Hybrid Electric Buses Market Forecast
4.5.1. Electric & Hybrid Electric Buses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric & Hybrid Electric Buses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric & Hybrid Electric Buses Market Absolute $ Opportunity
5. Global Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Type
5.3.1. Light Duty Electric
5.3.2. Hybrid Electric Bus
5.3.3. Heavy Duty Electric
5.3.4. Hybrid Electric Bus
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Application
6.3.1. Industry
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses Demand Share Forecast, 2019-2026
9. North America Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Application
9.4.1. Industry
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric & Hybrid Electric Buses Market Size and Volume Forecast by Type
9.7.1. Light Duty Electric
9.7.2. Hybrid Electric Bus
9.7.3. Heavy Duty Electric
9.7.4. Hybrid Electric Bus
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 & Hybrid Electric Buses Demand Share Forecast, 2019-2026
10. Latin America Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Application
10.4.1. Industry
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric & Hybrid Electric Buses Market Size and Volume Forecast by Type
10.7.1. Light Duty Electric
10.7.2. Hybrid Electric Bus
10.7.3. Heavy Duty Electric
10.7.4. Hybrid Electric Bus
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 & Hybrid Electric Buses Demand Share Forecast, 2019-2026
11. Europe Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Application
11.4.1. Industry
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric & Hybrid Electric Buses Market Size and Volume Forecast by Type
11.7.1. Light Duty Electric
11.7.2. Hybrid Electric Bus
11.7.3. Heavy Duty Electric
11.7.4. Hybrid Electric Bus
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Proections 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 & Hybrid Electric Buses Demand Share, 2019-2026
12. Asia Pacific Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Application
12.4.1. Industry
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric & Hybrid Electric Buses Market Size and Volume Forecast by Type
12.7.1. Light Duty Electric
12.7.2. Hybrid Electric Bus
12.7.3. Heavy Duty Electric
12.7.4. Hybrid Electric Bus
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 & Hybrid Electric Buses Demand Share, 2019-2026
13. Middle East & Africa Electric & Hybrid Electric Buses 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 & Hybrid Electric Buses 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 & Hybrid Electric Buses Market Size and Volume Forecast by Application
13.4.1. Industry
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric & Hybrid Electric Buses Market Size and Volume Forecast by Type
13.7.1. Light Duty Electric
13.7.2. Hybrid Electric Bus
13.7.3. Heavy Duty Electric
13.7.4. Hybrid Electric Bus
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 & Hybrid Electric Buses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric & Hybrid Electric Buses Market: Market Share Analysis
14.2. Electric & Hybrid Electric Buses Distributors and Customers
14.3. Electric & Hybrid Electric Buses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aktiebolaget Volvo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alexander Dennis Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Anhui Ankai Automobile Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BYD Company Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daimler AG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ebusco B.V.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GreenPower Motor Company Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Heilongjiang Longhua Automobile Co., Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Iveco S.p.A.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. New Flyer Industries Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Optare PLC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Proterra Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shanghai Sunwin Bus Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shenzhen Wuzhoulong Motors Co. Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Solaris Bus and Coach S.A.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. VDL Bus & Coach bv
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Wrighbus Limited
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Xiamen King Long United Automotive Industry Co. Ltd.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zhengzhou Yutong Bus Co. Ltd.
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Zhongtong Bus & Holding Co., Ltd.
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook