Global Electric Bus Market

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Global Electric Bus Market

Global Electric Bus Market was valued at US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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Global Electric Bus Market Dynamics

The increase in the sale of vehicles are causing more demand for production via better safety features, rising population, government regulations for reducing vehicles' weight, and zero-emission policy. In the current scenario, demanding vehicles' purchasing rate over 60%, government incentives, and subsidy schemes are some of the growth factors of the global electric bus market. This factor is expected to affect more on the growth of the Electric Bus Market.
Global Electric Bus Market Segment Analysis

Based on the battery type, the lithium iron phosphates segment is expected to hold the largest share in the market during the forecast period due to better power density, longer lifetimes, and safety. Lithium iron phosphate has features such as long cycle life, high safety, and high-temperature resistance. Increasing registration of electric vehicles (EVs) along with decreasing lithium-ion battery cost. The previous fastest growth witnessed by the lithium iron phosphate was in March 2019, and it grew by 20%. In Operation, the autonomous market segment is also expected to lead the market growth.

The report provides a detailed list of drivers and restraints of the market, which are influencing the market growth.
Major driving factors of the market are, developed countries replacing their existing diesel, natural gas-based public transit to zero-emission buses, rise in manufacture of the bus with better-preoccupied cameras and sensors, and monitoring the safety features for an easy transportation system. Electric buses have zero tailpipe emissions and provide free Wi-Fi and real-time schedules.
Rising concern of government on public transport is anticipated to play an important role in the rapid expansion of the global electric bus market. Worldwide, the government have responded to these market forces by imposing various legislation on automotive original equipment manufacturers (OEMs) for improved fuel economy and emission control. Technological advancements in the market and the growing affordability of the middle-class to spend are also propelling the market growth. On the other hand, the lack of proper infrastructure and limited charging infrastructure seem to act as a restraint to the market.
Global Electric Bus Market Regional Insights

In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period owing to the increased automation sector. The Asia Pacific is projected to lead global growth through 2026, driven by the vehicle production and sales in the region with an increase in revenue of 30%, though different countries will have different drivers. The rising demand for electric buses will play a big part in this. India and China are forecasted to be the two fastest-growing markets in the Asia Pacific for vehicle production.
The report includes a detailed study of Porter’s Five Forces model to analyse the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Electric Bus Market, Key Highlights:

• Global Electric Bus Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Electric Bus Market
• Global Electric Bus Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Electric Bus Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Electric Bus Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Electric Bus Market are also profiled.

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Scope of the Report for Electric Bus Market : Inquire before buying

Global Electric Bus Market, by Electrification Type

• Battery Electric Bus
• Plug-in Hybrid Bus
Global Electric Bus Market, by Bus Type

• Light Bus
• Medium Bus
Global Electric Bus Market, by Component

• Electric Motor
• Batteries
• Transmission System
Global Electric Bus Market, by Battery

• Lithium Iron Phosphate
• Lithium Titanate
• Nickel Manganese Cobalt
Global Electric Bus Market, by Operation

• Manual
• Semi-autonomous
• Autonomous
Global Electric Bus Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Global Electric Bus Market Key Players

• BYD Company Ltd.
• Yutong
• New Flyer Industries Inc.
• Proterra Inc.
• Solaris Bus & Coach SA
• Zhongtong Bus Holding Co., Ltd.
• Shenzhen Wuzhoulong Motors Co., Ltd.
• EBUSCO BV.
• Dongfeng Automobile Co., Ltd
• Alexander Dennis
• King Long
• FAW Group
• AB Volvo
• Daimler AG
• TATA Motors
• Ashok Leyland
• Nova Bus
• Foton Motor Inc.
• BYD Company Ltd.
• Yutong

 

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