Market Overview:
The global hybrid bus market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for fuel-efficient and low-emission buses. In addition, the growing public transportation sector is also contributing to the growth of this market. The hybrid bus market can be segmented by type, application, and region. By type, the market can be divided into single-decker buses and double-decker buses. By application, the market can be classified into public transit, highway transportation, and other applications such as tourism and sightseeing purposes. The regional segments include North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA).
Product Definition:
A hybrid bus is a type of bus that uses two or more different power sources to drive the vehicle. The most common type of hybrid bus uses a combination of gasoline and electric power. Other types of hybrid buses include those that use diesel and electric power, or natural gas and electric power.
Single-Decker Bus:
Single-decker bus is a low-capacity public transport vehicle used to provide local bus service. It has one stair-step and seating area leading to the door, which makes boarding and alighting easier for passengers. The first single decker buses were manufactured in the late 1960s in London. Since then, they have become popular all over the world as an efficient means of urban transportation that offers ease of access for passengers with limited mobility.
Double-Decker Bus:
Double-decker bus is a type of public transport buses used to carry passengers on two levels, generally in a stacked configuration. Double decker buses are usually built as single unit vehicles and can be converted to double unit vehicles by the addition of side platforms at each end.
The first double-decker bus was introduced in London in 1960; since then the concept has been adopted across several countries around the world including Canada, Australia, New Zealand, Spain, France.
Application Insights:
The other application segment includes airport express buses, inter-city coaches, and local transport. The public transit segment dominated the global market in 2017 owing to the increasing number of bus rapid transit systems across various regions. This is attributed to factors such as supportive government policies and funding from private companies. For instance, in October 2016, Nippon Sharyo Corporation announced about providing Mitsubishi Electric Industrial Equipment Co., Ltd., with a loan of USD 175 million for manufacturing hybrid buses for use in Tokyo's Bus Rapid Transit System (BRTS).
The highway transportation segment is expected to witness significant growth over the forecast period due to rising demand for passenger vehicles due to increased disposable income levels coupled with improved standard of living. Hybrid buses are widely used on highways as they offer better performance than conventional diesel or gasoline buses when it comes time for accelerating and decelerating traffic flow on busy roadsides.
Regional Analysis:
Asia Pacific regional market dominated the global hybrid bus market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government initiatives for promoting public transportation, rising investments in urban transport infrastructure, and growing demand for clean fuel buses. China is a major contributor towards overall Asia Pacific regional growth owing to rapid industrialization and changing lifestyles of consumers.
The North American regional market accounted for a significant share in 2016 owing to increasing focus on reducing carbon footprint by using alternative fuel vehicles such as electric battery-powered buses. U.S.
Growth Factors:
- Increasing demand for public transportation: The increasing population and the subsequent increase in the number of vehicles on the road has resulted in traffic congestion and pollution. This has led to an increased demand for public transportation, which is being met by hybrid buses.
- Government initiatives: Governments around the world are promoting the use of hybrid buses through various incentives such as subsidies, tax breaks, and parking privileges.
- Improved fuel efficiency: Hybrid buses are more fuel efficient than traditional diesel buses, resulting in lower operating costs for bus operators.
- Reduced emissions: Hybrid buses emit significantly less pollutants than traditional diesel buses, making them environmentally friendly alternatives to conventional buses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hybrid Bus Market Research Report
By Type
Single-Decker Bus, Double-Decker Bus
By Application
Public Transit, Highway Transportation, Other
By Companies
Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, Jinlong, Lothian Buses, New Flyer, Airbus, Daimler, Zhong Tong, Arriva Bus, BYD, DFAC, CRRC, Foton, ANKAI, Guangtong
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Hybrid Bus Market Report Segments:
The global Hybrid Bus market is segmented on the basis of:
Types
Single-Decker Bus, Double-Decker 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
Public Transit, Highway Transportation, 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:
- Arriva Bus
- Stagecoach
- Volvo Buses
- Allison Transmission
- Jinlong
- Lothian Buses
- New Flyer
- Airbus
- Daimler
- Zhong Tong
- Arriva Bus
- BYD
- DFAC
- CRRC
- Foton
- ANKAI
- Guangtong
Highlights of The Hybrid 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:
- Single-Decker Bus
- Double-Decker Bus
- By Application:
- Public Transit
- Highway Transportation
- 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 Hybrid 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?
Hybrid buses are a type of bus that uses both diesel and electric power. This allows the bus to be more environmentally friendly, as well as more efficient in terms of fuel usage.
Some of the major companies in the hybrid bus market are Arriva Bus, Stagecoach, Volvo Buses, Allison Transmission, Jinlong, Lothian Buses, New Flyer, Airbus, Daimler, Zhong Tong, Arriva Bus, BYD, DFAC, CRRC, Foton, ANKAI, Guangtong.
The hybrid bus market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hybrid 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 Hybrid Bus Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hybrid 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 Hybrid 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 Hybrid Bus Market Size & Forecast, 2020-2028
4.5.1 Hybrid Bus Market Size and Y-o-Y Growth
4.5.2 Hybrid Bus 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 Single-Decker Bus
5.2.2 Double-Decker 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 Public Transit
6.2.2 Highway Transportation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hybrid 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 Hybrid 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 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 Single-Decker Bus
9.6.2 Double-Decker 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 Public Transit
9.10.2 Highway Transportation
9.10.3 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 Single-Decker Bus
10.6.2 Double-Decker 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 Public Transit
10.10.2 Highway Transportation
10.10.3 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 Single-Decker Bus
11.6.2 Double-Decker 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 Public Transit
11.10.2 Highway Transportation
11.10.3 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 Single-Decker Bus
12.6.2 Double-Decker 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 Public Transit
12.10.2 Highway Transportation
12.10.3 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 Single-Decker Bus
13.6.2 Double-Decker 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 Public Transit
13.10.2 Highway Transportation
13.10.3 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 Hybrid Bus Market: Competitive Dashboard
14.2 Global Hybrid Bus Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arriva Bus
14.3.2 Stagecoach
14.3.3 Volvo Buses
14.3.4 Allison Transmission
14.3.5 Jinlong
14.3.6 Lothian Buses
14.3.7 New Flyer
14.3.8 Airbus
14.3.9 Daimler
14.3.10 Zhong Tong
14.3.11 Arriva Bus
14.3.12 BYD
14.3.13 DFAC
14.3.14 CRRC
14.3.15 Foton
14.3.16 ANKAI
14.3.17 Guangtong
