Pune, India, Sept. 19, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global electric bus market is predicted to record a compound annual growth rate of 10% during the forecast duration.
Additionally, it includes a section that investigates the history of this business globally by analyzing the geographies, and makes predictions about the market size, yearly sales, and annual revenue of each contributing region over the course of the study.
The study provides a thorough examination of the industry's competitive environment as well. It contains details on the market concentration rate of the top companies in the industry along with their annual earnings.
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Adoption of technological advancements, rapid urbanization, structured government measures, strict pollution prevention norms, rising oil prices, improved measures to limit carbon emissions, and reduced battery prices are some of the major factors driving global electric bus market growth.
Further, the market expansion can be attributed to growing government initiatives to expand the use of electric buses on public routes. Even the transportation agencies are expanding their expenditures on electric buses and taking significant efforts to establish a suitable charging infrastructure.
Market Segmentation Overview
Global electric bus industry vertical is segmented on the basis of seating capacity, end-user scope, battery capacity, propulsion model, length of the bus, and power output.
Based on the seating capacity, this marketplace is segmented into up to 30 seats, 30-90 seats, and 90-120 seats. In terms of end-user scope, the market is divided into educational, government, and private sectors. Among these, the government segment is anticipated to record significant market share during the forecast duration, due to technological advancements and rapid urbanization.
By battery capacity, the market is bifurcated into up to 400 kW and above 400 kWh. Among these, the above 400 kWh segment is predicted to witness a considerable compound annual growth rate during the forecast period, owing to measures to reduce carbon emissions and reduced battery prices.
In terms of length of bus, this marketplace is segregated into less than 9m, 9-14m, and above 14m. Further, on the basis of power output, the market mentions the analysis of up to 250 kW. and above 250 kW.
For propulsion, the business sphere is segmented into fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV), and battery electric vehicle (BEV). Of these, the BEV segment is predicted to contribute considerate growth over the analysis period, due to strict pollution prevention norms and rising oil prices.
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Regional Analysis
Global electric business market space spans across regions like Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Dashboard:
The key players in the industry include names like Proterra, Xiamen King Long United Automotive Industry Co., Ltd., Xiamen Golden Dragon Bus Co., Ltd., NFI Group, Alexander Dennis Limited (ADL), Tata Group, Anhui Ankai Automobile Co., Ltd., Iveco Bus, EvoBus GmbH (a subsidiary of Daimler Truck AG), Blue Bird Corporation, VDL Bus & Coach (VDL Groep), AB Volvo, Solaris Bus & Coach sp. z o.o, Zhengzhou Yutong Bus Co., Ltd., and BYD Auto Co., Ltd. among others.
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Global Electric Bus Market, By Seating Capacity (Revenue, USD Million, 2019-2028)
- Up to 30 seats
- 30-90 Seats
- 90-120 Seats
Global Electric Bus Market, By End-User Scope (Revenue, USD Million, 2019-2028)
- Educational
- Government
- Private
Global Electric Bus Market, By Battery Capacity (Revenue, USD Million, 2019-2028)
- Up to 400 kWh
- Above 400 kWh
Global Electric Bus Market, By Propulsion Model (Revenue, USD Million, 2019-2028)
- Fuel cell electric vehicle (FCEV),
- Battery electric vehicle (BEV)
- Plug-in hybrid electric vehicle (PHEV)
Global Electric Bus Market, By Propulsion Model (Revenue, USD Million, 2019-2028)
- Less than 9m
- 9-14m
- Above 14m
Global Electric Bus Market, Regional Landscape (Revenue, USD Million, 2019-2028)
- Asia Pacific
- Europe
- North America
- Latin America
- Middle East & Africa
Global Electric Bus Market, Competitive Analysis (Revenue, USD Million, 2019-2028)
- Proterra
- Xiamen King Long United Automotive Industry Co., Ltd.
- Xiamen Golden Dragon Bus Co., Ltd.
- NFI Group
- Alexander Dennis Limited (ADL)
- Tata Group
- Anhui Ankai Automobile Co., Ltd.
- Iveco Bus
- EvoBus GmbH (a subsidiary of Daimler Truck AG)
- Blue Bird Corporation
- VDL Bus & Coach (VDL Groep)
- AB Volvo
- Solaris Bus & Coach sp. z o.o
- Zhengzhou Yutong Bus Co., Ltd.
- BYD Auto Co., Ltd.
TABLE OF CONTENTS:
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Global Passenger Traffic Analysis by Road
6.1.3. Per Capita Bus Analysis in Select Countries
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.1.1. Battery Materials
6.3.1.1.1. Lithium
6.3.1.1.2. Nickel
6.3.1.1.3. Graphite
6.3.1.1.4. Cobalt
6.3.1.1.5. Platinum
6.3.1.2. Electronic Components
6.3.1.3. Tire Suppliers
6.3.1.4. Glass Suppliers
6.3.1.5. Brakes Manufacturers
6.3.1.6. Auxiliary Components/Parts Suppliers
6.3.2. Electric Bus Manufacturers
6.3.3. Key End Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Electric Bus Market: Key Investment Analysis
9.1. By Battery Manufacturers
9.2. By Region
9.3. By End User
9.4. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
10. Cost Breakdown Analysis by Electric Bus
10.1. Battery Electric Vehicle (BEV)
10.2. Fuel Cell Electric Vehicle (FCEV)
10.3. Plug-in Hybrid Electric Vehicle (PHEV)
11. Pricing Analysis
11.1. By Propulsion
11.1.1. Battery Electric Vehicle (BEV)
11.1.2. Fuel Cell Electric Vehicle (FCEV)
11.1.3. Plug-in Hybrid Electric Vehicle (PHEV)
11.2. By Region
11.2.1. North America
11.2.2. Western Europe
11.2.3. Eastern Europe
11.2.4. Asia Pacific
11.2.5. Latin America
11.2.6. Middle East & Africa
12. Cost-Benefit Assessment: Conventional Buses VS Electric Buses
12.1. Purchase Price
12.2. Fuel/Electricity Cost
12.3. Maintenance Cost
13. Parent Market Overview: Global Electric Vehicle Market
14. Global Electric Vehicle Fleet Analysis
14.1. By Region
14.2. By Electric Bus
14.3. By Capacity
15. Segmental Analysis
15.1. Global Electric Bus Market by Seating Capacity
15.1.1. Segment Overview
15.1.1.1. Up to 30 Seats
15.1.1.2. 30-90 Seats
15.1.1.3. 90-120 Seats
15.2. Global Electric Bus Market by End User
15.2.1. Segment Overview
15.2.1.1. Government
15.2.1.1.1. Inter-city
15.2.1.1.2. Intra-city
15.2.1.2. Educational
15.2.1.2.1. Inter-city
15.2.1.2.2. Intra-city
15.2.1.3. Private
15.2.1.3.1. Inter-city
15.2.1.3.2. Intra-city
15.3. Global Electric Bus Market by Battery Capacity
15.3.1. Segment Overview
15.3.1.1. Up to 400 kWh
15.3.1.2. Above 400 kWh
15.4. Global Electric Bus Market by Length of Bus
15.4.1. Segment Overview
15.4.1.1. Less than 9m
15.4.1.2. 9-14m
15.4.1.3. Above 14m
15.5. Global Electric Bus Market by Propulsion
16. Regional Analysis
Related Report:
Global Electric Commercial Vehicle Market Size study and Regional Forecasts 2021-2027
Global Electric Commercial Vehicle Market to reach USD 327.7 billion by 2027.Global Electric Commercial Vehicle Market is valued approximately at USD 52.99 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 29.73% over the forecast period 2021-2027. Growing demand for electric vehicles around the world, new commercial vehicle launches and government incentives and subsidies for encouraging adoption of electric vehicle. According to Statista, light electric commercial vehicle (LCV) sales in China increased from 38.4 thousand units in 2016 to 67.22 thousand units in 2017 and reached 84.21 thousand units in 2018. Also, in September 2021, Omega Seiki Mobility Pvt. Ltd. launched India's first electric small commercial vehicle (SCV), M1KA. Equipped with a 90kWh battery pack, this light commercial vehicle provides a driving range of 250kms on a single charge.
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