Electric Bus Market Size by Propulsion Type (Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV) and Battery Electric Vehicle (BEV)), By Application (Intra-City and Intercity), By End-User (Government and Fleet Operators), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2022-2027
The Electric Bus Market is expected to be around US$ 31.45 Billion by 2027 at a CAGR of 43% in the given forecast period.
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Major Players
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
43
REPORT DESCRIPTION
The Electric Bus Market is expected to be around US$ 31.45 Billion by 2027 at a CAGR of 43% in the given forecast period.
The continuous reduction in the battery prices, which is a result of battery manufacturers obtaining economies of scale, will decrease the overall price of electric buses, and in turn, support the market growth of electric bus. Furthermore, the technological improvements to minimize downtime will be another major driver driving the electric bus market growth. Moreover, several charging system manufacturers are making efforts to meet the huge demand for fast charging of batteries equipped in electric buses. In addition to the fast-charging systems, battery swapping is also an option which can decrease the downtime of electric buses and increase the traveling range. Thus, the above factors are also likely to compel the electric bus market growth.
The global Electric Bus market is segregated on the basis of Propulsion Type as Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV) and Battery Electric Vehicle (BEV). Based on Application the global Electric Bus market is segmented in Intra-City and Intercity. Based on End-User the global Electric Bus market is segmented in Government and Fleet Operators.
The global Electric Bus market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Electric Bus market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
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, and others are among the major players in the global Electric Bus market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Electric Bus Market has been segmented as below:
Electric Bus Market, By Propulsion Type
Electric Bus Market, By Application
Electric Bus Market, By End-User
Electric Bus Market, By Region
Electric Bus Market, By Company
The report covers:
Report Scope:
The global Electric Bus market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Bus market share. Major industry players with significant revenue share include 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, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. Electric Bus Market, By Propulsion Type
5.1. Introduction
5.2. Plug-In Hybrid Electric Vehicle (PHEV)
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Fuel Cell Electric Vehicle (FCEV)
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. Battery Electric Vehicle (BEV)
5.4.1. Market Overview
5.4.2. Market Size and Forecast
6. Electric Bus Market, By Application
6.1. Introduction
6.2. Intra-City
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Intercity
6.3.1. Market Overview
6.3.2. Market Size and Forecast
7. Electric Bus Market, By End-User
7.1. Introduction
7.2. Government
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Fleet Operators
7.3.1. Market Overview
7.3.2. Market Size and Forecast
8. Electric Bus Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America Electric Bus, By Propulsion Type
8.2.2. North America Electric Bus, By Application
8.2.3. North America Electric Bus, By End-User
8.3. Europe
8.3.1. Europe Electric Bus, By Propulsion Type
8.3.2. Europe Electric Bus, By Application
8.3.3. Europe Electric Bus, By End-User
8.4. Asia-Pacific
8.4.1. Asia-Pacific Electric Bus, By Propulsion Type
8.4.2. Asia-Pacific Electric Bus, By Application
8.4.3. Asia-Pacific Electric Bus, By End-User
8.5. Rest of the World
8.5.1. Rest of the World Electric Bus, By Propulsion Type
8.5.2. Rest of the World Electric Bus, By Application
8.5.3. Rest of the World Electric Bus, By End-User
9. Competitive Insights
9.1. Key Insights
9.2. Company Market Share Analysis
9.3. Strategic Outlook
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profiles
10.1. BYD Company Ltd.
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. Yutong
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. New Flyer Industries Inc.
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Proterra Inc.
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Solaris Bus & Coach SA
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Zhongtong Bus Holding Co., Ltd.
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. Shenzhen Wuzhoulong Motors Co., Ltd.
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. EBUSCO BV.
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Dongfeng Automobile Co., Ltd
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Alexander Dennis
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. King Long
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. FAW Group
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. AB Volvo
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. Daimler AG
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
10.15. TATA Motors
10.15.1. Company Overview
10.15.2. Product/Service Landscape
10.15.3. Financial Overview
10.15.4. Recent Developments
The Electric Bus Market has been segmented as below:
Electric Bus Market, By Propulsion Type
Electric Bus Market, By Application
Electric Bus Market, By End-User
Electric Bus Market, By Region
Electric Bus Market, By Company
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