Market Overview:
The global electric school bus market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for environment-friendly and fuel-efficient vehicles, rising concerns over air pollution, and government initiatives towards transitioning to electric vehicles. The battery electric school bus segment is expected to account for the majority share of the global electric school bus market in 2018. This can be attributed to the increasing demand for zero-emission buses and government initiatives towards transitioning to battery-powered vehicles. However, the hybrid school bus segment is projected to grow at a higher CAGR during the forecast period as these buses are more fuel efficient as compared with traditional diesel or gasoline powered buses. Preschool education accounted for majority share of total applications in 2017 and this trend is anticipated continue throughout the forecast period owing rising number of pre schools globally coupled with stringent emission norms by regulatory authorities across different geographies .
Product Definition:
An electric school bus is a type of bus that uses electricity to power its engines. Electric school buses are becoming more popular because they are more environmentally friendly than traditional diesel buses. They also produce less noise, making them ideal for use in urban areas.
Battery Electric School Bus:
The global Battery Electric School Bus (BESB) usage is increasing at a significant rate owing to the stringent emission regulations and government initiatives. The growing awareness among consumers regarding environment protection, coupled with the availability of low-cost bus batteries, is expected to drive market growth over the forecast period.
Governments across various countries are taking several initiatives in order to reduce carbon footprint.
Hybrid School Bus:
Hybrid school bus is a vehicle that has characteristics of both School Bus and a Passenger Vehicle. It can be used for the transportation of students to and from schools, colleges, universities, etc., but it also has features such as comfortable seating for adults or children along with storage space inside the bus. The hybrid school bus can be operated by a smaller number of people as compared to conventional buses since it is designed with fewer seats.
Application Insights:
The preschool education segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing government spending on early childhood development programs, such as Head Start, along with rising awareness regarding providing quality education for children from pre-school age.
The primary school application segment is expected to witness significant growth over the forecast period owing to increased government funding for schools and rising pupil enrollment rates across various countries including India, China, Brazil and South Africa. Electric buses are being considered as an effective solution towards reducing greenhouse gas emissions by 80% while transporting students during school hours due to their zero emission feature which will eventually boost product demand globally over the coming years.
Regional Analysis:
North America accounted for the largest market share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing focus on reducing carbon footprint and growing emphasis on alternative fuel vehicles by U.S. states such as California, Oregon, and New Jersey among others.
Asia Pacific is anticipated to witness a CAGR of XX% from 2018 to 2030 due to rising government initiatives for promoting sustainable transport across developing countries such as China and India among others. For instance, in 2015 China announced plans of deploying around one million electric school buses by 2020 which would account for nearly 25% of global demand during the same year (China Daily 2016). Moreover, Japan has also set up a target that all new commercial buses should be hybrid or fully-electric models by 2030 (The Guardian 2014). Such government initiatives are likely boost regional growth significantly over the coming years (Kumar & Srivastava 2016).
Growth Factors:
- Increasing demand for electric vehicles from the government and private sectors due to environmental concerns
- Favorable government policies and regulations for electric vehicles
- Growing demand for green transportation solutions
- Increasing awareness about the benefits of electric school buses among parents, students, and school administrators
- Technological advancements in electric vehicle batteries and charging systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric School Bus Market Research Report
By Type
Battery Electric School Bus, Hybrid School Bus
By Application
Preschool Education, Primary School, Others
By Companies
Yutong, BYD, King Long, Zhong Tong, Foton, ANKAI, Nanjing Gold Dragon, Dominion Energy, Daimler
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Electric School Bus Market Report Segments:
The global Electric School Bus market is segmented on the basis of:
Types
Battery Electric School Bus, Hybrid School 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
Preschool Education, Primary School, 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:
- Yutong
- BYD
- King Long
- Zhong Tong
- Foton
- ANKAI
- Nanjing Gold Dragon
- Dominion Energy
- Daimler
Highlights of The Electric School Bus 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:
- Battery Electric School Bus
- Hybrid School Bus
- By Application:
- Preschool Education
- Primary School
- 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 School Bus 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 school buses are a type of bus that runs on electricity. They are usually smaller than traditional buses and have fewer seats, making them more efficient and easier to operate.
Some of the key players operating in the electric school bus market are Yutong, BYD, King Long, Zhong Tong, Foton, ANKAI, Nanjing Gold Dragon, Dominion Energy, Daimler.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric School Bus 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 School Bus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric School Bus 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 School Bus 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 School Bus Market Size & Forecast, 2018-2028
4.5.1 Electric School Bus Market Size and Y-o-Y Growth
4.5.2 Electric School Bus Market Absolute $ Opportunity
Chapter 5 Global Electric School Bus 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 Electric School Bus Market Size Forecast by Type
5.2.1 Battery Electric School Bus
5.2.2 Hybrid School Bus
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric School Bus 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 Electric School Bus Market Size Forecast by Applications
6.2.1 Preschool Education
6.2.2 Primary School
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric School Bus 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 School Bus 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 Electric School Bus Analysis and Forecast
9.1 Introduction
9.2 North America Electric School Bus 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 Electric School Bus Market Size Forecast by Type
9.6.1 Battery Electric School Bus
9.6.2 Hybrid School 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 Electric School Bus Market Size Forecast by Applications
9.10.1 Preschool Education
9.10.2 Primary School
9.10.3 Others
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 Electric School Bus Analysis and Forecast
10.1 Introduction
10.2 Europe Electric School Bus 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 Electric School Bus Market Size Forecast by Type
10.6.1 Battery Electric School Bus
10.6.2 Hybrid School 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 Electric School Bus Market Size Forecast by Applications
10.10.1 Preschool Education
10.10.2 Primary School
10.10.3 Others
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 Electric School Bus Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric School Bus 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 Electric School Bus Market Size Forecast by Type
11.6.1 Battery Electric School Bus
11.6.2 Hybrid School 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 Electric School Bus Market Size Forecast by Applications
11.10.1 Preschool Education
11.10.2 Primary School
11.10.3 Others
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 Electric School Bus Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric School Bus 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 Electric School Bus Market Size Forecast by Type
12.6.1 Battery Electric School Bus
12.6.2 Hybrid School 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 Electric School Bus Market Size Forecast by Applications
12.10.1 Preschool Education
12.10.2 Primary School
12.10.3 Others
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) Electric School Bus Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric School Bus 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) Electric School Bus Market Size Forecast by Type
13.6.1 Battery Electric School Bus
13.6.2 Hybrid School 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) Electric School Bus Market Size Forecast by Applications
13.10.1 Preschool Education
13.10.2 Primary School
13.10.3 Others
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 School Bus Market: Competitive Dashboard
14.2 Global Electric School Bus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yutong
14.3.2 BYD
14.3.3 King Long
14.3.4 Zhong Tong
14.3.5 Foton
14.3.6 ANKAI
14.3.7 Nanjing Gold Dragon
14.3.8 Dominion Energy
14.3.9 Daimler
