Market Overview:
The global electric buses 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 and low-emission vehicles, rising concerns over air pollution, and government initiatives toward the adoption of electric buses. Based on type, the global electric buses market is segmented into pure electric bus and hybrid electric bus. The pure electric bus segment is expected to grow at a higher CAGR than the hybrid electric bus segment during the forecast period from 2018 to 2030. This can be attributed to factors such as lower emissions and fuel costs associated with pureelectric buses compared with hybridelectric buses, growing awareness about environment-friendly technologies among consumers, and increasing investments by automakers in R&D for developing new models of pureelectric buses. Based on application, the global Electric Buses Market is divided into city bus, school bus,, airport shuttlebus,, other applications)., Onther hand,.
Product Definition:
Electric buses are a type of bus that is powered by electricity. They can be powered by batteries or by plugging into an electrical outlet. Electric buses are important because they are more environmentally friendly than gasoline-powered buses.
Pure Electric Bus:
The global pure electric bus market size was valued at USD 3.8 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing need for environment-friendly public transport, growing urbanization, and rising fuel prices are some of the key factors driving the growth of this industry globally.
Hybrid Electric Bus:
Hybrid Electric Bus (HEBus) is a bus that uses both battery power and electricity generated by rechargeable batteries. It has two or more sources of energy stored in different physical locations, generally in the form of rechargeable batteries.
Application Insights:
The city bus segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. The growing trend of living in cities across various regions has resulted in increased demand for public transport buses, which is expected to drive the market growth over the coming years.
The school bus segment was valued at USD 678.1 million in 2017 owing to increasing government initiatives and policies regarding education infrastructure development along with rising pupil population across various countries including China, India, U.S.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing government initiatives and stringent regulations regarding carbon emissions by the U.S Environmental Protection Agency (EPA) and California Air Resources Board (CARB). Moreover, growing emphasis on reducing dependency on petroleum products for transportation fuels is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific electric buses market was valued at USD X million in 2017, wherein China held a dominant share due to presence of large number of manufacturers as well as end-users coupled with supportive policies implemented by Chinese government such as subsidies provided for battery-operated vehicles running on renewable energy sources such as electricity or hydrogen fuel cells along with other measures taken up by local governments across major cities including Shanghai, Beijing, Guangzhou among others driving industry growth in this region.
Growth Factors:
- Increasing demand for electric buses from the public and private sectors due to environmental concerns and benefits of using electric buses over traditional diesel buses.
- Government initiatives and subsidies for electric bus purchases to promote their adoption.
- Development of charging infrastructure for electric buses, which will make them more accessible to operators and drivers.
- Growing demand for alternative fuel vehicles as a result of rising oil prices and emissions regulations worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Buses Market Research Report
By Type
Pure Electric Bus, Hybrid Electric Bus
By Application
City Bus, School Bus, Airport Bus, Other
By Companies
BYD, Zhengzhou Yutong Bus, Zhongtong Bus, Xiamen King Long, Shenzhen Wuzhoulong Motors, Optare, Solaris Bus, Alexander Dennis, Daimler, Volvo, BYD, GreenPower Motor, Ebusco, Anhui Ankai Automobile, VDL Bus & Coach, New Flyer, Iveco, Shanghai Sunwin Bus, Wrightbus, Heilongjiang Longhua Automobile
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Electric Buses Market Report Segments:
The global Electric Buses market is segmented on the basis of:
Types
Pure Electric Bus, 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
City Bus, School Bus, Airport Bus, 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
- Zhengzhou Yutong Bus
- Zhongtong Bus
- Xiamen King Long
- Shenzhen Wuzhoulong Motors
- Optare
- Solaris Bus
- Alexander Dennis
- Daimler
- Volvo
- BYD
- GreenPower Motor
- Ebusco
- Anhui Ankai Automobile
- VDL Bus & Coach
- New Flyer
- Iveco
- Shanghai Sunwin Bus
- Wrightbus
- Heilongjiang Longhua Automobile
Highlights of The 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:
- Pure Electric Bus
- Hybrid Electric Bus
- By Application:
- City Bus
- School Bus
- Airport Bus
- 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 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
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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 buses that run on electricity rather than gasoline or diesel. They have a number of advantages over traditional buses, including lower emissions, reduced noise pollution, and longer ranges. Electric buses can also be more energy-efficient than their gas or diesel counterparts, which can result in lower operating costs for the bus company.
Some of the major players in the electric buses market are BYD, Zhengzhou Yutong Bus, Zhongtong Bus, Xiamen King Long, Shenzhen Wuzhoulong Motors, Optare, Solaris Bus, Alexander Dennis, Daimler, Volvo, BYD, GreenPower Motor, Ebusco, Anhui Ankai Automobile, VDL Bus & Coach, New Flyer, Iveco, Shanghai Sunwin Bus, Wrightbus, Heilongjiang Longhua Automobile.
The electric buses market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Buses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Buses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Buses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Buses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Buses Market Size & Forecast, 2020-2028
4.5.1 Electric Buses Market Size and Y-o-Y Growth
4.5.2 Electric Buses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pure Electric Bus
5.2.2 Hybrid Electric Bus
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 City Bus
6.2.2 School Bus
6.2.3 Airport Bus
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Buses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Buses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pure Electric Bus
9.6.2 Hybrid Electric Bus
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 City Bus
9.10.2 School Bus
9.10.3 Airport Bus
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pure Electric Bus
10.6.2 Hybrid Electric Bus
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 City Bus
10.10.2 School Bus
10.10.3 Airport Bus
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pure Electric Bus
11.6.2 Hybrid Electric Bus
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 City Bus
11.10.2 School Bus
11.10.3 Airport Bus
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pure Electric Bus
12.6.2 Hybrid Electric Bus
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 City Bus
12.10.2 School Bus
12.10.3 Airport Bus
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pure Electric Bus
13.6.2 Hybrid Electric Bus
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 City Bus
13.10.2 School Bus
13.10.3 Airport Bus
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Buses Market: Competitive Dashboard
14.2 Global Electric Buses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BYD
14.3.2 Zhengzhou Yutong Bus
14.3.3 Zhongtong Bus
14.3.4 Xiamen King Long
14.3.5 Shenzhen Wuzhoulong Motors
14.3.6 Optare
14.3.7 Solaris Bus
14.3.8 Alexander Dennis
14.3.9 Daimler
14.3.10 Volvo
14.3.11 BYD
14.3.12 GreenPower Motor
14.3.13 Ebusco
14.3.14 Anhui Ankai Automobile
14.3.15 VDL Bus & Coach
14.3.16 New Flyer
14.3.17 Iveco
14.3.18 Shanghai Sunwin Bus
14.3.19 Wrightbus
14.3.20 Heilongjiang Longhua Automobile
