Global Electric Bus Market Size, Share, Growth and Trends Analysis Report By Technology (Parallel Hybrid Bus, Series Hybrid Bus, Series Parallel Hybrid Bus, and Pure Electric Bus) By Size (Below 10 Meters Length and Above 10 Meters Length) and Regional Market Intelligence and Forecast, 2019-2025
Date: Jun-2019 | Id: MACRC-0006 | Geographical Scope: Global | Publisher: MACRC
“Global Electric Bus Market was valued at USD 23.01 Billion in the year 2017 and is expected to reach approximately USD 132.82 Billion by 2025, at CAGR 24.5% from 2019 to 2025.”
Introduction
Electric buses are electrically powered and store their electricity on board or from an external store. The electric bus market is accumulating high growth due to stringent emission norms across the globe. In addition, rising pollution levels in some cities which includes London, Shenzhen, Mexico, Milan, Vancouver and Los Angeles, has the highest adoption of electric vehicles.
According to the World Health Organization (WHO), air pollution is a major factor responsible for deaths, therefore, the respective governments of countries are taking various steps to improve air quality. Electric vehicles have made significant progress in several regions as they passed the milestone of one million sales, in 2017.
Rising demand and production capacity will increase the demand for the electric bus market. The confluence of government action, rising customer acceptance, greater attention by OEMs, and ingenious suppliers could accelerate the market growth in the coming years. Market Dynamics Electric bus market is witnessed to significant growth due to rising government support for the electric vehicles, the strict government norms and regulations, and the declining battery prices.
However, the higher price of electric buses as compare to conventional transports becomes a hindrance to market growth. The lack of electric vehicle (EV) charging is also restraining the penetration of electric buses in the public transport system across countries. Increasing adoption of electric vehicles around the globe is encouraging manufacturers to expand their venture into the international market. Hence, joint ventures with the manufacturers in developing countries will proliferate the demand of this market over the forecast period.
The global electric bus market is segmented on the basis of technology and size. By technology, the market is further segmented into the parallel hybrid bus, series hybrid bus, series-parallel hybrid bus, and pure electric bus and size wise the electric bus market is divided into below 10 meters length and above 10 meters length.
Geographical Outlook
The global electric bus market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Geographically, Asia Pacific is expected to hold a major share for global electric bus market, followed by Europe. In the Asia Pacific, China held a prominent share owing to the considerably large electric bus fleet in Shenzhen. In 2017, 99% of electric buses have been deployed in China.
The demand for electric buses in the U.S. is augmenting dramatically over the last decade. The transit agencies in the U.S. are increasing production for zero-emission buses. The major transit agencies such as metropolitan transportation authority (MTA), Los Angeles County metropolitan transportation authority (LACMTA), Chicago transit authority (CTA), and others, are considering electric propulsion system of buses, as a dominant factor behind the new purchase.
Market Segmentation
On the Basis of Technology
Bus On the Basis of Size
Key Players
Some of the key players operating in the global electric bus market are Daimler AG,BYD, ABB TOSA, Proterra Inc., Jiangsu Alfa Bus Co., Ltd, AB Volvo, Zhengzhou Yutong Bus Co., Ltd. , New Flyer Industries, Inc., Zhuhai Guangtong Automobile Co., Ltd., Jingzhou Xinwei Electric Vehicle Co. Ltd., and others.
Key questions addressed by the report:
a) What are the global opportunities in the electric bus market?
b) Who are the major market players in the electric bus market?
c) How competitive is the market?
d) What are the emerging trends?
e) What are the growth trends and the largest revenue-generating region for electric bus market?
f) Which geographical region is holding major potential for new entrants?
Introduction
Electric buses are electrically powered and store their electricity on board or from an external store. The electric bus market is accumulating high growth due to stringent emission norms across the globe. In addition, rising pollution levels in some cities which includes London, Shenzhen, Mexico, Milan, Vancouver and Los Angeles, has the highest adoption of electric vehicles.
According to the World Health Organization (WHO), air pollution is a major factor responsible for deaths, therefore, the respective governments of countries are taking various steps to improve air quality. Electric vehicles have made significant progress in several regions as they passed the milestone of one million sales, in 2017.
Rising demand and production capacity will increase the demand for the electric bus market. The confluence of government action, rising customer acceptance, greater attention by OEMs, and ingenious suppliers could accelerate the market growth in the coming years. Market Dynamics Electric bus market is witnessed to significant growth due to rising government support for the electric vehicles, the strict government norms and regulations, and the declining battery prices.
However, the higher price of electric buses as compare to conventional transports becomes a hindrance to market growth. The lack of electric vehicle (EV) charging is also restraining the penetration of electric buses in the public transport system across countries. Increasing adoption of electric vehicles around the globe is encouraging manufacturers to expand their venture into the international market. Hence, joint ventures with the manufacturers in developing countries will proliferate the demand of this market over the forecast period.
The global electric bus market is segmented on the basis of technology and size. By technology, the market is further segmented into the parallel hybrid bus, series hybrid bus, series-parallel hybrid bus, and pure electric bus and size wise the electric bus market is divided into below 10 meters length and above 10 meters length.
Geographical Outlook
The global electric bus market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Geographically, Asia Pacific is expected to hold a major share for global electric bus market, followed by Europe. In the Asia Pacific, China held a prominent share owing to the considerably large electric bus fleet in Shenzhen. In 2017, 99% of electric buses have been deployed in China.
The demand for electric buses in the U.S. is augmenting dramatically over the last decade. The transit agencies in the U.S. are increasing production for zero-emission buses. The major transit agencies such as metropolitan transportation authority (MTA), Los Angeles County metropolitan transportation authority (LACMTA), Chicago transit authority (CTA), and others, are considering electric propulsion system of buses, as a dominant factor behind the new purchase.
Market Segmentation
On the Basis of Technology
- Parallel Hybrid Bus
- Series Hybrid Bus
- Series-Parallel
- Hybrid Bus
- Pure Electric
Bus On the Basis of Size
- Below 10 Meters Length
- Above 10 Meters Length
Key Players
Some of the key players operating in the global electric bus market are Daimler AG,BYD, ABB TOSA, Proterra Inc., Jiangsu Alfa Bus Co., Ltd, AB Volvo, Zhengzhou Yutong Bus Co., Ltd. , New Flyer Industries, Inc., Zhuhai Guangtong Automobile Co., Ltd., Jingzhou Xinwei Electric Vehicle Co. Ltd., and others.
Key questions addressed by the report:
a) What are the global opportunities in the electric bus market?
b) Who are the major market players in the electric bus market?
c) How competitive is the market?
d) What are the emerging trends?
e) What are the growth trends and the largest revenue-generating region for electric bus market?
f) Which geographical region is holding major potential for new entrants?
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources 1.4. List of Abbreviations Chapter 2. Executive Summary 2.1. Electric Bus Market - Industry Snapshot 2.2. Electric Bus Market Chapter 3. Customer Care BPO Industry Outlook 3.1. Market Segmentation 3.2. Value Chain Analysis 3.3. Market Dynamics 3.3.1. Market driver analysis 3.3.2. Market restraint analysis 3.3.3. Market opportunity analysis 3.4. Penetration & Growth Prospects Mapping 3.5. Industry Analysis - Porter’s Five Forces Analysis 3.6. PESTEL Analysis Chapter 4. Electric Bus Market: By Technology (USD Billion) 4.1. Parallel Hybrid Bus 4.2. Series Hybrid Bus 4.3. Series Parallel Hybrid Bus 4.4. Pure Electric Bus Chapter 5. Electric Bus Market: Size (USD Billion) 5.1 Below 10 Meters Length 5.2 Above 10 Meters Length Chapter 6. Electric Bus Market: Regional Outlook 6.1. Electric Bus Market Estimates & Forecasts 6.2. North America 6.2.1. Market estimates and forecasts 6.2.2. Market estimates and forecasts, By Technology 6.2.3. Market estimates and forecasts, By Size 6.2.4. U.S. 6.2.4.1. Market estimates and forecasts 6.2.4.2. Market estimates and forecasts, By Technology 6.2.4.3. Market estimates and forecasts, By Size 6.2.5. Canada 6.2.5.1. Market estimates and forecasts 6.2.5.2. Market estimates and forecasts, By Technology 6.2.5.3. Market estimates and forecasts, By Size 6.3. Europe 6.3.1. Market estimates and forecasts 6.3.2. Market estimates and forecasts, By Technology 6.3.3. Market estimates and forecasts, By Size 6.3.4. U.K. 6.3.4.1. Market estimates and forecasts 6.3.4.2. Market estimates and forecasts, By Technology 6.3.4.3. Market estimates and forecasts, By Size 6.3.5. Germany 6.3.5.1. Market estimates and forecasts 6.3.5.2. Market estimates and forecasts, By Technology 6.3.5.3. Market estimates and forecasts, By Size 6.3.6. France 6.3.6.1. Market estimates and forecasts 6.3.6.2. Market estimates and forecasts, By Technology 6.3.6.3. Market estimates and forecasts, By Size 6.4. Asia Pacific 6.4.1. Market estimates and forecasts 6.4.2. Market estimates and forecasts, By Technology 6.4.3. Market estimates and forecasts, By Size 6.4.4. China 6.4.4.1. Market estimates and forecasts 6.4.4.2. Market estimates and forecasts, By Technology 6.4.4.3. Market estimates and forecasts, By Size 6.4.5. India 6.4.5.1. Market estimates and forecasts 6.4.5.2. Market estimates and forecasts, By Technology 6.4.5.3. Market estimates and forecasts, By Size 6.4.6. Japan 6.4.6.1. Market estimates and forecasts 6.4.6.2. Market estimates and forecasts, By Technology 6.4.6.3. Market estimates and forecasts, By Size 6.4.7. Singapore 6.4.7.1. Market estimates and forecasts 6.4.7.2. Market estimates and forecasts, By Technology 6.4.7.3. Market estimates and forecasts, By Size 6.5. Latin America 6.5.1. Market estimates and forecasts 6.5.2. Market estimates and forecasts, By Technology 6.5.3. Market estimates and forecasts, By Size 6.5.4. Brazil 6.5.4.1. Market estimates and forecasts 6.5.4.2. Market estimates and forecasts, By Technology 6.5.4.3. Market estimates and forecasts, By Size 6.5.5. Mexico 6.5.5.1. Market estimates and forecasts 6.5.5.2. Market estimates and forecasts, By Technology 6.5.5.3. Market estimates and forecasts, By Size 6.6. Middle East & Africa 6.6.1. Market estimates and forecasts 6.6.2. Market estimates and forecasts, By Technology 6.6.3. Market estimates and forecasts, By Size Chapter 7. Competitive Landscape 7.1. Daimler AG 7.1.1. Company overview 7.1.2. Financial performance 7.1.3. Product benchmarking 7.1.4. Recent developments 7.2. ABB TOSA 7.2.1. Company overview 7.2.2. Financial performance 7.2.3. Product benchmarking 7.2.4. Recent developments 7.3. BYD 7.3.1. Company overview 7.3.2. Financial performance 7.3.3. Product benchmarking 7.3.4. Recent developments 7.4. Jiangsu Alfa Bus Co., Ltd 7.4.1. Company overview 7.4.2. Financial performance 7.4.3. Product benchmarking 7.4.4. Recent developments 7.5 Proterra Inc 7.5.1. Company overview 7.5.2. Financial performance 7.5.3. Product benchmarking 7.5.4. Recent developments 7.6New Flyer Industries, Inc. 7.6.1. Company overview 7.6.2. Financial performance 7.6.3. Product benchmarking 7.6.4. Recent developments 7.7. Jingzhou Xinwei Electric Vehicle Co. Ltd. 7.7.1. Company overview 7.7.2. Financial performance 7.7.3. Product benchmarking 7.7.4. Recent developments 7.8 Zhuhai Guangtong Automobile Co., Ltd. 7.8.1. Company overview 7.8.2. Financial performance 7.8.3. Product benchmarking 7.8.4. Recent developments 7.9. Zhengzhou Yutong Bus Co., Ltd. 7.9.1. Company overview 7.9.2. Financial performance 7.9.3. Product benchmarking 7.9.4. Recent developments 7.10. AB Volvo 7.10.1. Company overview 7.10.2. Financial performance 7.10.3. Product benchmarking 7.10.4. Recent developments
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