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Electric Bus Market by Propulsion Type (BEV, FCEV, and PHEV), Length (Less than 9 meters, 9-14 meters, and Above 14 meters), Range (Less than 200 miles, and More than 200 miles), Battery Capacity (Up to 400 kWh, and Above 400 kWh), and by Power Output (Up to 250kW, and Above 250 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A02594 | Pages: 257 | Oct 2020 | 7631 Views | | |
| Author(s) : Akshay Jadhav & Abhay Singh | Tables: 146 | Charts: 76 | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
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Request Now !Electric Bus Market Outlook - 2027
The global electric bus market was valued at $17.95 billion in 2019, and is projected to reach $31.45 billion by 2027, registering a CAGR of 12.6%.
With the advent in COVID-19 pandemic across the globe, the E-bus market has been affected as the e-bus manufacturing units have been shut down due to the imposed lockdown in major countries across the globe. In addition, the unavailability of skilled labor has affected the market growth.
Electric bus or e-bus is a bus that does not have traditional ICE engine for its propulsion and is completely electric. E-bus is driven by an on-board electric motor that receives the power from on-board batteries or set of batteries. Electric buses are considered as eco-friendly as they do not produces any pollutants are also economical when compared with traditional gasoline/diesel buses.
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COVID Impact Analysis: With the advent in COVID-19 pandemic across the globe, the electric bus market has been affected as the e-bus manufacturing units have been shut down due to the imposed lockdown in major countries across the globe. In addition, the unavailability of skilled labor has affected the market growth.
The electric bus market is driven by factors such as increase in demand for fuel-efficient, high-performance, and low-emission buses, stringent government rules & regulations toward vehicle emission, and reduction in battery prices. However, high manufacturing cost, and low fuel economy & serviceability restrict the market growth. Moreover, technological advancements, and proactive government initiatives for adoption of e-buses creates lucrative growth opportunities for the market.
The global electric bus market is segmented based on propulsion type, length, range, battery capacity, power output, and region. By propulsion type, the market is segmented into BEV, FCEV, and PHEV. Further, based on length, the market is segmented into less than 9 meters, 9–14 meters, and above 14 meters. Based on range, the market is bifurcated into less than 200 miles, and more than 200 miles. Moreover, the electric bus market is segmented based on battery capacity into up to 400 kWh, and above 400 kWh. By power output, the market is split into up to 250kW and above 250 kW.
Electric Bus Market
By propulsion type
FCEV segment is projected as the most lucrative segments
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Based on region, the electric bus market is studied across North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA) including country-level analysis for each region.
Some of the key players in the electric bus market are AB Volvo, Ankai Bus, BYD Company Ltd., Construcciones y Auxiliar de Ferrocarriles, S.A., Daimler AG, NFI Group Inc., Proterra, VDL GROEP BV, Yutong Group, and Zhongtong Bus Holdings Co., Ltd.
Increase in demand for fuel-efficient, high-performance, and low-emission buses
Gasoline being a fossil fuel is not a renewable source of energy, and is anticipated to be exhausted in the future. To support sustainable development, it is important to develop and use alternative sources of fuel. This involves use of electric buses, which do not use gas and are more economical than conventional buses. An electric bus converts over 50% of the electrical energy from the grid to power at the wheels, whereas the gas-powered bus only manages to convert about 17%–21% of the energy stored in gasoline. The demand for fuel-efficient buses has increased recently owing to rise in prices of petrol and diesel. This is due to depleting fossil fuel reserves and growing tendency of companies to gain maximum profit from these oil reserves. Thus, these factors give rise to the need for advanced fuel-efficient technologies, leading to surge in demand for electrically powered buses for travel.
Electric Bus Market
By Length
Above 14 meters by length segment is projected as the most lucrative segments
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Stringent government rules and regulations toward vehicle emission
The conventional gas-powered vehicle makes use of an internal combustion engine to generate power. In an ideal scenario, the combustion system fully incinerates the fuel and only creates carbon dioxide and water as a waste, however, the combustion system generates various greenhouse gases, leading to environmental pollution. On the other hand, an electric bus uses an electric motor powered via a continuous supply of current; hence, it does not create any pollutants. The U.S., Germany, France, and China have implemented stringent government laws and regulations for vehicular emission, making it mandatory for the automobile manufacturers to use advanced technologies to combat high-emission levels in buses.
A program launched by the California Air Resources Board (CARB) also includes guidelines for manufacturers to produce and deliver zero-emission vehicles (ZEVs), thereby substantially boosting the adoption of electric buses. Moreover, various countries are planning to switch completely to electric buses from conventional buses, owing to stringent emission norms. For instance, in September 2019, Nitin Gadkari (Union Minister of Road Transport and Highways in India) said that all the buses in India will switch to electric propulsion type in the following two years to cut down the pollution levels across the country. Such initiatives are expected to drive the growth of the global electric bus market.
Electric Bus Market
By region
LAMEA by region segment is projected as the most lucrative segments
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Key Benefits For Stakeholders
- This study presents analytical depiction of the E-bus market analysis along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
- The current electric bus market size is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the electric bus industry.
Key Market Segments
By Propulsion Type
- BEV
- FCEV
- PHEV
By Length
- Less than 9 meters
- 9-14 meters
- Above 14 meters
By Range
- Less than 200 miles
- More than 200 miles
By Battery Capacity
- Up to 400 kWh
- Above 400 kWh
By Power output
- Up to 250kW
- Above 250 kW
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Netherlands
- Norway
- France
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- AB Volvo
- Ankai Bus
- BYD Company Ltd.
- Construcciones y Auxiliar de Ferrocarriles, S.A.
- Daimler AG
- NFI Group Inc.
- Proterra,
- VDL GROEP BV
- Yutong Group
- Zhongtong Bus Holdings Co., Ltd.
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies
3.3.Porter’s five forces analysis
3.4.Market share analysis (2019)
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Increase in demand for fuel-efficient, high-performance, and low-emission buses
3.5.1.2.Stringent government rules and regulations toward vehicle emission
3.5.1.3.Reduction in battery prices
3.5.2.Restraints
3.5.2.1.High manufacturing cost
3.5.2.2.Low fuel economy & serviceability
3.5.3.Opportunities
3.5.3.1.Technological advancements
3.5.3.2.Proactive government initiatives
CHAPTER 4:GLOBAL E-BUS MARKET, BY PROPULSION TYPE
4.1.Overview
4.2.Battery electric vehicle (BEV)
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country
4.3.Fuel cell electric vehicle (FCEV)
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country
4.4.Plug-in hybrid electric vehicle (PHEV)
4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country
CHAPTER 5:GLOBAL E-BUS MARKET, BY LENGTH
5.1.Overview
5.2.Less than 9 meters
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country
5.3.9-14 meters
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country
5.4.Above 14 meters
5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country
CHAPTER 6:GLOBAL E-BUS MARKET, BY RANGE
6.1.Overview
6.2.Less than 200 miles
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country
6.3.More than 200 miles
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country
CHAPTER 7:GLOBAL E-BUS MARKET, BY BATTERY CAPACITY
7.1.Overview
7.2.Up to 400 kWh
7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis by country
7.3.Above 400 kWh
7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis by country
CHAPTER 8:GLOBAL E-BUS MARKET, BY POWER OUTPUT
8.1.Overview
8.2.Up to 250kW
8.2.1.Key market trends, growth factors and opportunities
8.2.2.Market size and forecast, by region
8.2.3.Market analysis by country
8.3.Above 250 kW
8.3.1.Key market trends, growth factors and opportunities
8.3.2.Market size and forecast, by region
8.3.3.Market analysis by country
CHAPTER 9:E-BUS MARKET, BY REGION
9.1.Overview
9.2.North America
9.2.1.Key market trends, growth factors and opportunities
9.2.2.Market size and forecast, by propulsion type
9.2.3.Market size and forecast, by length
9.2.4.Market size and forecast, by range
9.2.5.Market size and forecast, by battery capacity
9.2.6.Market size and forecast, by power output
9.2.7.Market size and forecast, by country
9.2.7.1.U.S.
9.2.7.1.1.Market size and forecast, by propulsion type
9.2.7.1.2.Market size and forecast, by length
9.2.7.1.3.Market size and forecast, by range
9.2.7.1.4.Market size and forecast, by battery capacity
9.2.7.1.5.Market size and forecast, by power output
9.2.7.2.Canada
9.2.7.2.1.Market size and forecast, by propulsion type
9.2.7.2.2.Market size and forecast, by length
9.2.7.2.3.Market size and forecast, by range
9.2.7.2.4.Market size and forecast, by battery capacity
9.2.7.2.5.Market size and forecast, by power output
9.2.7.3.Mexico
9.2.7.3.1.Market size and forecast, by propulsion type
9.2.7.3.2.Market size and forecast, by length
9.2.7.3.3.Market size and forecast, by range
9.2.7.3.4.Market size and forecast, by battery capacity
9.2.7.3.5.Market size and forecast, by power output
9.3.Europe
9.3.1.Key market trends, growth factors and opportunities
9.3.2.Market size and forecast, by propulsion type
9.3.3.Market size and forecast, by length
9.3.4.Market size and forecast, by range
9.3.5.Market size and forecast, by battery capacity
9.3.6.Market size and forecast, by power output
9.3.7.Market size and forecast, by country
9.3.7.1.Netherlands
9.3.7.1.1.Market size and forecast, by propulsion type
9.3.7.1.2.Market size and forecast, by length
9.3.7.1.3.Market size and forecast, by range
9.3.7.1.4.Market size and forecast, by battery capacity
9.3.7.1.5.Market size and forecast, by power output
9.3.7.2.Norway
9.3.7.2.1.Market size and forecast, by propulsion type
9.3.7.2.2.Market size and forecast, by length
9.3.7.2.3.Market size and forecast, by range
9.3.7.2.4.Market size and forecast, by battery capacity
9.3.7.2.5.Market size and forecast, by power output
9.3.7.3.France
9.3.7.3.1.Market size and forecast, by propulsion type
9.3.7.3.2.Market size and forecast, by length
9.3.7.3.3.Market size and forecast, by range
9.3.7.3.4.Market size and forecast, by battery capacity
9.3.7.3.5.Market size and forecast, by power output
9.3.7.4.Rest of Europe
9.3.7.4.1.Market size and forecast, by propulsion type
9.3.7.4.2.Market size and forecast, by length
9.3.7.4.3.Market size and forecast, by range
9.3.7.4.4.Market size and forecast, by battery capacity
9.3.7.4.5.Market size and forecast, by power output
9.4.Asia-Pacific
9.4.1.Key market trends, growth factors and opportunities
9.4.2.Market size and forecast, by propulsion type
9.4.3.Market size and forecast, by length
9.4.4.Market size and forecast, by range
9.4.5.Market size and forecast, by battery capacity
9.4.6.Market size and forecast, by power output
9.4.7.Market size and forecast, by country
9.4.7.1.China
9.4.7.1.1.Market size and forecast, by propulsion type
9.4.7.1.2.Market size and forecast, by length
9.4.7.1.3.Market size and forecast, by range
9.4.7.1.4.Market size and forecast, by battery capacity
9.4.7.1.5.Market size and forecast, by power output
9.4.7.2.South Korea
9.4.7.2.1.Market size and forecast, by propulsion type
9.4.7.2.2.Market size and forecast, by length
9.4.7.2.3.Market size and forecast, by range
9.4.7.2.4.Market size and forecast, by battery capacity
9.4.7.2.5.Market size and forecast, by power output
9.4.7.3.India
9.4.7.3.1.Market size and forecast, by propulsion type
9.4.7.3.2.Market size and forecast, by length
9.4.7.3.3.Market size and forecast, by range
9.4.7.3.4.Market size and forecast, by battery capacity
9.4.7.3.5.Market size and forecast, by power output
9.4.7.4.Rest of Asia-Pacific
9.4.7.4.1.Market size and forecast, by propulsion type
9.4.7.4.2.Market size and forecast, by length
9.4.7.4.3.Market size and forecast, by range
9.4.7.4.4.Market size and forecast, by battery capacity
9.4.7.4.5.Market size and forecast, by power output
9.5.LAMEA
9.5.1.Key market trends, growth factors and opportunities
9.5.2.Market size and forecast, by propulsion type
9.5.3.Market size and forecast, by length
9.5.4.Market size and forecast, by range
9.5.5.Market size and forecast, by battery capacity
9.5.6.Market size and forecast, by power output
9.5.7.Market size and forecast, by country
9.5.7.1.Latin America
9.5.7.1.1.Market size and forecast, by propulsion type
9.5.7.1.2.Market size and forecast, by length
9.5.7.1.3.Market size and forecast, by range
9.5.7.1.4.Market size and forecast, by battery capacity
9.5.7.1.5.Market size and forecast, by power output
9.5.7.2.Middle East
9.5.7.2.1.Market size and forecast, by propulsion type
9.5.7.2.2.Market size and forecast, by length
9.5.7.2.3.Market size and forecast, by range
9.5.7.2.4.Market size and forecast, by battery capacity
9.5.7.2.5.Market size and forecast, by power output
9.5.7.3.Africa
9.5.7.3.1.Market size and forecast, by propulsion type
9.5.7.3.2.Market size and forecast, by length
9.5.7.3.3.Market size and forecast, by range
9.5.7.3.4.Market size and forecast, by battery capacity
9.5.7.3.5.Market size and forecast, by power output
CHAPTER 10:COMPANY PROFILES
10.1.AB VOLVO
10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Product portfolio
10.1.5.Business performance
10.1.6.Key strategic moves and developments
10.2.ANKAI BUS
10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Operating business segments
10.2.4.Product portfolio
10.2.5.Business performance
10.2.6.Key strategic moves and developments
10.3.BYD COMPANY LTD.
10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Operating business segments
10.3.4.Product portfolio
10.3.5.Business performance
10.3.6.Key strategic moves and developments
10.4.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.
10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Operating business segments
10.4.4.Product portfolio
10.4.5.Business performance
10.4.6.Key strategic moves and developments
10.5.DAIMLER AG
10.5.1.Company overview
10.5.2.Company snapshot
10.5.3.Operating business segments
10.5.4.Product portfolio
10.5.5.Business performance
10.5.6.Key strategic moves and developments
10.6.NFI GROUP INC.
10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Operating business segments
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments
10.7.PROTERRA
10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Product portfolio
10.7.4.Key strategic moves and developments
10.8.VDL GROEP BV
10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Operating business segments
10.8.4.Product portfolio
10.8.5.Business performance
10.8.6.Key strategic moves and developments
10.9.YUTONG GROUP
10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Product portfolio
10.9.4.Business performance
10.10.ZHONGTONG BUS HOLDINGS CO., LTD.
10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Operating business segments
10.10.4.Product portfolio
10.10.5.Business performance
10.10.6.Key strategic moves and developments
LIST OF TABLES
TABLE 01.E-BUS MARKET, BY PROPULSION TYPE, 2019-2027 ($MILLION)
TABLE 02.E-BUS MARKET FOR BEV, BY REGION 2019-2027 ($MILLION)
TABLE 03.E-BUS MARKET FOR FCEV, BY REGION 2019-2027 ($MILLION)
TABLE 04.E-BUS MARKET FOR PHEV, BY REGION 2019-2027 ($MILLION)
TABLE 05.E-BUS MARKET, BY LENGTH, 2019-2027 ($MILLION)
TABLE 06.E-BUS MARKET FOR LESS THAN 9 METERS, BY REGION 2019-2027 ($MILLION)
TABLE 07.E-BUS MARKET FOR 9-14 METERS, BY REGION 2019-2027 ($MILLION)
TABLE 08.E-BUS MARKET FOR ABOVE 14 METERS, BY REGION 2019-2027 ($MILLION)
TABLE 09.E-BUS MARKET, BY RANGE, 2019-2027 ($MILLION)
TABLE 10.E-BUS MARKET FOR LESS THAN 200 MILES, BY REGION 2019-2027 ($MILLION)
TABLE 11.E-BUS MARKET FOR MORE THAN 200 MILES, BY REGION 2019-2027 ($MILLION)
TABLE 12.E-BUS MARKET, BY BATTERY CAPACITY, 2019-2027 ($MILLION)
TABLE 13.E-BUS MARKET FOR BATTERY CAPACITY UP TO 400 KWH, BY REGION 2019-2027 ($MILLION)
TABLE 14.E-BUS MARKET FOR BATTERY CAPACITY ABOVE 400 KWH, BY REGION 2019-2027 ($MILLION)
TABLE 15.E-BUS MARKET, BY POWER OUTPUT, 2019-2027 ($MILLION)
TABLE 16.E-BUS MARKET FOR UP TO 250KW, BY REGION 2019-2027 ($MILLION)
TABLE 17.E-BUS MARKET FOR POWER OUTPUT ABOVE 250 KW, BY REGION 2019-2027 ($MILLION)
TABLE 18.E-BUS MARKET, BY REGION 2019–2027 ($MILLION)
TABLE 19.NORTH AMERICA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 20.NORTH AMERICA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 21.NORTH AMERICA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 23.NORTH AMERICA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 24.U.S. E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 25.U.S. E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 26.U.S. E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 27.U.S. E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 28.U.S. E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 29.CANADA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 30.CANADA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 31.CANADA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 32.CANADA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 33.CANADA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 34.MEXICO E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 35.MEXICO E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 36.MEXICO E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 37.MEXICO E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 38.MEXICO E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 39.EUROPE E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 40.EUROPE E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 41.EUROPE E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 42.EUROPE E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 43.EUROPE E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 44.NETHERLANDS E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 45.NETHERLANDS E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 46.NETHERLANDS E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 47.NETHERLANDS E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 48.NETHERLANDS E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 49.NORWAY E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 50.NORWAY E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 51.NORWAY E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 52.NORWAY E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 53.NORWAY E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 54.FRANCE E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 55.FRANCE E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 56.FRANCE E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 57.FRANCE E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 58.FRANCE E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 59.REST OF EUROPE E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 60.REST OF EUROPE E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 61.REST OF EUROPE E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 62.REST OF EUROPE E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 63.REST OF EUROPE E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 64.ASIA-PACIFIC E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 65.ASIA-PACIFIC E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 66.ASIA-PACIFIC E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 67.ASIA-PACIFIC E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 68.ASIA-PACIFIC E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 69.CHINA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 70.CHINA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 71.CHINA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 72.CHINA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 73.CHINA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 74.SOUTH KOREA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 75.SOUTH KOREA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 76.SOUTH KOREA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 77.SOUTH KOREA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 78.SOUTH KOREA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 79.INDIA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 80.INDIA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 81.INDIA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 82.INDIA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 83.INDIA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 84.REST OF ASIA-PACIFIC E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 85.REST OF ASIA-PACIFIC E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 86.REST OF ASIA-PACIFIC E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 87.REST OF ASIA-PACIFIC E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 88.REST OF ASIA-PACIFIC E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 89.LAMEA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 90.LAMEA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 91.LAMEA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 92.LAMEA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 93.LAMEA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 94.LATIN AMERICA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 95.LATIN AMERICA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 96.LATIN AMERICA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 97.LATIN AMERICA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 98.LATIN AMERICA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 99.MIDDLE EAST E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 100.MIDDLE EAST E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 101.MIDDLE EAST E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 102.MIDDLE EAST E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 103.MIDDLE EAST E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 104.AFRICA E-BUS MARKET, BY PROPULSION TYPE, 2019–2027 ($MILLION)
TABLE 105.AFRICA E-BUS MARKET, BY LENGTH, 2019–2027 ($MILLION)
TABLE 106.AFRICA E-BUS MARKET, BY RANGE, 2019–2027 ($MILLION)
TABLE 107.AFRICA E-BUS MARKET, BY BATTERY CAPACITY, 2019–2027 ($MILLION)
TABLE 108.AFRICA E-BUS MARKET, BY POWER OUTPUT, 2019–2027 ($MILLION)
TABLE 109.AB VOLVO: COMPANY SNAPSHOT
TABLE 110.AB VOLVO: OPERATING SEGMENTS
TABLE 111.AB VOLVO: PRODUCT PORTFOLIO
TABLE 112.AB VOLVO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.ANKAI BUS: COMPANY SNAPSHOT
TABLE 114.ANKAI BUS: OPERATING SEGMENTS
TABLE 115.ANKAI BUS: PRODUCT PORTFOLIO
TABLE 116.ANKAI BUS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 117.BYD COMPANY LTD.: COMPANY SNAPSHOT
TABLE 118.BYD COMPANY LTD.: OPERATING SEGMENTS
TABLE 119.BYD COMPANY LTD.: PRODUCT PORTFOLIO
TABLE 120.BYD COMPANY LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 121.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: COMPANY SNAPSHOT
TABLE 122.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: OPERATING SEGMENTS
TABLE 123.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: PRODUCT PORTFOLIO
TABLE 124.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.DAIMLER AG: COMPANY SNAPSHOT
TABLE 126.DAIMLER AG: OPERATING SEGMENTS
TABLE 127.DAIMLER AG: PRODUCT PORTFOLIO
TABLE 128.DAIMLER AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 129.NFI GROUP INC.: COMPANY SNAPSHOT
TABLE 130.NFI GROUP INC.: OPERATING SEGMENTS
TABLE 131.NFI GROUP INC.: PRODUCT PORTFOLIO
TABLE 132.NFI GROUP INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 133.PROTERRA: COMPANY SNAPSHOT
TABLE 134.PROTERRA: PRODUCT PORTFOLIO
TABLE 135.PROTERRA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 136.VDL GROEP BV: COMPANY SNAPSHOT
TABLE 137.VDL GROEP BV: OPERATING SEGMENTS
TABLE 138.VDL GROEP BV: PRODUCT PORTFOLIO
TABLE 139.VDL GROEP BV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 140.YUTONG GROUP: COMPANY SNAPSHOT
TABLE 141.YUTONG GROUP: PRODUCT PORTFOLIO
TABLE 142.YUTONG GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 143.ZHONGTONG BUS HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 144.ZHONGTONG BUS HOLDINGS CO., LTD.: OPERATING SEGMENTS
TABLE 145.ZHONGTONG BUS HOLDINGS CO., LTD.: PRODUCT PORTFOLIO
TABLE 146.ZHONGTONG BUS HOLDINGS CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 09.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10.HIGH-MODERATE-TO THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 13.MODERATE BARGAINING POWER OF BUYERS
FIGURE 14.MARKET SHARE ANALYSIS (2019)
FIGURE 15.E-BUS MARKET SHARE, BY PROPULSION TYPE, 2019–2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR BEV, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR FCEV, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR PHEV, BY COUNTRY, 2019 & 2027 (%)
FIGURE 19.E-BUS MARKET SHARE, BY LENGTH, 2019–2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR LESS THAN 9 METERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR 9-14 METERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR ABOVE 14 METERS, BY COUNTRY, 2019 & 2027 (%)
FIGURE 23.E-BUS MARKET SHARE, BY RANGE, 2019–2027 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR LESS THAN 200 MILES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR MORE THAN 200 MILES, BY COUNTRY, 2019 & 2027 (%)
FIGURE 26.E-BUS MARKET SHARE, BY BATTERY CAPACITY, 2019–2027 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR BATTERY CAPACITY UP TO 400 KWH, BY COUNTRY, 2019 & 2027 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR BATTERY CAPACITY ABOVE 400 KWH, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29.E-BUS MARKET SHARE, BY POWER OUTPUT, 2019–2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR POWER OUTPUT UP TO 250KW, BY COUNTRY, 2019 & 2027 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET FOR POWER OUTPUT ABOVE 250 KW, BY COUNTRY, 2019 & 2027 (%)
FIGURE 32.E-BUS MARKET, BY REGION, 2019-2027 (%)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 34.U.S. E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 35.CANADA E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 36.MEXICO E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 37.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 38.NETHERLANDS E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 39.NORWAY E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 40.FRANCE E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 41.REST OF EUROPE E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 43.CHINA E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 44.SOUTH KOREA E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 45.INDIA E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 46.REST OF ASIA-PACIFIC E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 47.COMPARATIVE SHARE ANALYSIS OF E-BUS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 48.LATIN AMERICA E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 49.MIDDLE EAST E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 50.AFRICA E-BUS MARKET, 2019–2027 ($MILLION)
FIGURE 51.AB VOLVO: REVENUE, 2017–2019 ($MILLION)
FIGURE 52.AB VOLVO: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 53.AB VOLVO: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 54.ANKAI BUS: REVENUE, 2017–2019 ($MILLION)
FIGURE 55.ANKAI BUS: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 56.ANKAI BUS: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57.BYD COMPANY LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 58.BYD COMPANY LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 59.BYD COMPANY LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 60.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 62.CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 63.DAIMLER AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 64.DAIMLER AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 65.DAIMLER AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 66.NFI GROUP INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 67.NFI GROUP INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 68.NFI GROUP INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 69.VDL GROEP BV: REVENUE, 2017–2019 ($MILLION)
FIGURE 70.VDL GROEP BV: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 71.VDL GROEP BV: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 72.YUTONG GROUP: REVENUE, 2017–2019 ($MILLION)
FIGURE 73.KEY STRATEGIC MOVES AND DEVELOPMENTS
FIGURE 74.ZHONGTONG BUS HOLDINGS CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 75.ZHONGTONG BUS HOLDINGS CO., LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 76.ZHONGTONG BUS HOLDINGS CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
In accordance with the insights by CXOs of leading companies, the e-bus market is projected to witness moderate growth rate, owing to growth in population along with increase in disposable income, which will result into increase in the domestic as well as international flights. Companies in this industry are adopting various innovative techniques to provide customers with advanced and innovative feature ranges.
Experts also predict that the electric buses are considered as the future of electric mobility owing to their advantages over traditional ICE buses such as better acceleration, zero-emission, and noise-free operations. In addition, the market is expected to be boosted by advancements in the battery technologies and reduction in e-bus prices coupled with proactive government initiatives.
Further, the market is consolidated by the presence of major key players such as AB Volvo, Ankai Bus, BYD Company Ltd., Construcciones y Auxiliar de Ferrocarriles, S.A., Daimler AG, NFI Group Inc., Proterra, VDL GROEP BV, Yutong Group, and Zhongtong Bus Holdings Co., Ltd. These players have adopted efficient techniques to develop innovative products. LAMEA is expected to witness the highest growth rate during the forecast period, due to lucrative opportunities offered by underlying countries.
Q1. What is the impact of Post COVID-19 scenario in electric bus market?
A. The COVID-19 crisis has severely affected the transportation sector across the globe. Also, E-bus market is hampered due to the imposed lockdowns and travel restrictions coupled with the reduced passengers across the globe.
Q2. What is the market size, share of electric bus industry?
A. The global electric bus (e-bus) market was valued at $17.95 billion in 2019, and is projected to reach $31.45 billion by 2027, registering a CAGR of 12.6% from 2020 to 2027
Q3. How can I get sample report/company profiles of electric bus market?
A. The report sample for global electric bus market report can be obtained on demand from the website.
Q4. Which are the leading players in market of electric buses?
A. The major companies profiled in the e-bus market include AB Volvo, Ankai Bus, BYD Company Ltd., Construcciones y Auxiliar de Ferrocarriles, S.A., Daimler AG, NFI Group Inc., Proterra, VDL GROEP BV, Yutong Group, and Zhongtong Bus Holdings Co., Ltd.
Q5. How can I get company profiles on top ten players of electric bus market?
A. The company profiles of the top ten players of the e-bus market market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.
Q6. Which region is and will provide more business opportunities for E-bus in future?
A. Asia-Pacific region is leading the global electric bus market presently. However, LAMEA is expected to grow at lucrative rate over other regions.
Q7. Who are the service providers of electric bus in the industry?
A. The service providers of electric bus industry are the different e-bus vendors who are developing better and advanced e-bus solutions for transportation which are equipped with efficient technology thus propelling the growth of the global market.
Q8. What are the key growth strategies of electric bus industry players?
A. The key growth startegies of electric bus industry players includes product launch, acquisition, expansion followed by different mergers, and partnerships related in the field of electric mass mobility thus leading to the growth of the market
Q9. What are the new competitive developments in electric bus in the market?
A. AB Volvo signed a contract with Nobina, a bus transport group, to deliver 60 Volvo 7900 articulated electric buses in Malmö, Sweden. Delivery of the 60 electric bus units will start in January 2021 and all the buses will be delivered by April 2021
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