Electric Bus Market Size, Share, Trends, and Forecast by 2027

Posted by Simone on April 13th, 2021

The Global Electric Bus Market Size is anticipated to grow from US$ xx.xx billion to US$ xx.xx billion at a CAGR of xx% by end of the forecast year. The progress of the electric bus market is driving the increasing fuel prices and increased environmental anxieties. Geographically, Asia-Pacific is one of the leading the electric bus across the globe market with enlarged government initiatives in countries, like China, India, and Japan.

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The manufacturers of several countries are converging on developing public transport structure with low or no pollution to challenge the air pollutant emissions, mostly in the highest populated capitals and mega-cities. The developed countries are switching their existing natural gas and diesel based public transport to zero emission buses.

The electric bus is a moderately new innovation as compared to the electric bike and electric car but now each nation is talking about battery powered buses. According to market research, the electric bus has great prospective to reshape and change the entire transportation industry. Geographically, Asia-Pacific and China valued for the maximum number of shipments in electric bus market previous years. The China electric bus market is anticipated to grow expressively, into coming years, due to the growing urbanization and growth of several newly made innovative public transport systems in its developed cities.

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As this market is in early stage, number of manufacturers are entering in the global electric bus market. Furthermore, the need for technological developments is also high which is inspiring electric bus manufacturers to emphasis on developments in partnership with technology-based industries.

The global electric bus market segmentation is based on type, application, and region. Based on type, this market is categorized into PHEV (Plug-in Hybrid Electric Vehicle), BEV (Battery Electric Vehicle), and HEV (Hybrid Electric Vehicle). China accounted for over 80% of global electric bus market share in past years. By application, this market is classified into shuttles, transit buses, school buses, and others. On the basis of region, this market is categorized into Europe, North America, Asia-Pacific, and others.

The global electric bus market: Key Players

BYD Company

ANKAI

Higer Bus

YUTONG

Yinlong Energy

Zhongtong Bus Holding

Segmentation of global electric bus market:

By Type

Battery Electric Vehicle

Hybrid Electric Vehicle

By Application

Transit Buses

Shuttles

School Buses

Others

By Technology

Series Parallel Hybrid

Series Hybrid

Parallel Hybrid

By Coach Length

>18 Meter

14-16 Meter

12-13 Meter

10-11 Meter

<9 Meter

By Charging Structure

Roof Pantograph

Ground Contact

Plug Only

Gantry Pantograph

Induction

By Company

JBM Auto Limited

Goldstone

Tata Motors Limited

Mahindra Electric Mobility Limited

Others

By Region

Europe

-Germany

U.K.

Netherlands

Austria

Poland

Lithuania

Belgium

Spain

France

Sweden

Rest of Europe

Asia-Pacific (ASAC)

India

China

Rest of APAC

North America

Canada

U.S.

Rest of World

Brazil

Others

The global electric bus market: Drivers

Reduction in the battery prices is one of the main driver in global electric bus market. Battery costs account for substantial share of total budget of electric bus manufacturing.

What to expect from the upcoming report on ‘Global Electric Bus Market’:

- Analysis of future prospects as well as global electric bus market trends over the forecast period (2018-2025)

- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.

- Supportive initiatives by government likely to influence the market dynamics.

- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.

- In-depth analysis of different market segmentations including end-user, application, manufacturing process and geographical regions.

- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market

- Value Chain and Sales Channels Analysis

Who should buy this report?

- Report is especially designed for Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy

About Us:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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