Electric Buses Market

The electric buses market worldwide is expected to grow with a CAGR of 22.9% during the forecast period. Electric vehicles have emerged as a viable solution for curbing the enormous air pollution caused by conventional fossil fuel vehicles. Of these, electric buses are expected to emerge as the most promising segment due to ongoing government initiatives across the world. Electric buses offer clean, safe, reliable and comfortable mode of public transport, thereby reducing significant amount of CO2 emissions in the environment. The most prominent factor driving the market growth is aggressive initiatives undertaken by various national governments for incorporating these vehicles in public transportation fleet. Currently, China has more than 350,000 electric buses in its public transport fleet, making it the largest market for electric buses. Other countries including the U.K., the U.S., India, Japan, South Korea and other European countries too are making rapid efforts towards increasing the percentage of electric buses in their public transport fleet. With ever-growing environmental regulations, electric buses are expected to witness rapid demand in the years to come. All these factors in combination are expected to ensure high growth for electric buses market during the forecast period.

High Emphasis on Minimizing Environmental Pollution to Ensure Dominance of Pure Electric Buses Segment

In 2021, pure electric buses segment accounted for larger share as compared to hybrid electric buses segment. Hybrid electric buses typically use an alternate fuel source (e.g. diesel), making them less cleaner as compared to the pure electric counterparts. Although pure electric buses are costlier as compare to hybrid electric, these buses provide cleaner operation and require less operating and maintenance costs. The demand for pure electric buses are complimented by factors such as growing focus on zero emission vehicles, reducing battery costs, advancement in pure electric mechanism and improving charging technology & infrastructure.

Consistent Design Improvement in Designs to Ensure a Competitive Market

Some of the prominent players operating in the electric buses market include: BYD Company Ltd., AB Volvo,, Alexander Dennis Ltd., Ashok Leyland Ltd., Daimler AG, Dongfeng Automobile Co., Ltd., EBUSCO BV, FAW Group, IVECO S.p.A., King Long United Automotive Industry Co., Ltd., Proterra, Inc., Shenzhen Wuzhoulong Motors Co., Ltd., Skoda Auto a.s., Solaris Bus & Coach SA, Tata Motors Ltd., Zhengzhou Yutong Bus Co., Ltd. and Zhongtong Bus Holding Co., Ltd. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Electric Buses market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Electric Buses market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Type

Battery Electric Bus
Hybrid Electric Bus
Plug-in Hybrid Bus

Battery

Lithium Iron Phosphate (LFP)
Lithium Manganese Oxide (LMO)
Lithium Nickel Manganese Cobalt Oxide
Others

Length

Less than 10m
More than 10m

End-use

Public Transport
Private Fleet

Region Segment (2020-2030; US$ Million)

North America
- U.S.
- Canada
- Rest of North America

UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific

Latin America
- Brazil
- Mexico
- Rest of Latin America

Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

Pre COVID-19 situation
Post COVID-19 situation

Key questions answered in this report:

What are the key micro and macro environmental factors that are impacting the growth of Electric Buses market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2030.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Electric Buses market?

Which is the largest regional market for Electric Buses market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Electric Buses market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Electric Buses market worldwide?

Product Code: 138676-08-22

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Electric Buses Market
2.2. Global Electric Buses Market, By Type, 2021 (US$ Million)
2.3. Global Electric Buses Market, By Battery, 2021 (US$ Million)
2.4. Global Electric Buses Market, By Length, 2021 (US$ Million)
2.5. Global Electric Buses Market, By End-use, 2021 (US$ Million)
2.6. Global Electric Buses Market, By Geography, 2021 (US$ Million)
2.7. Impact of Covid 19
2.8. Attractive Investment Proposition by Geography, 2021
2.9. Competitive Analysis
- 2.9.1. Market Positioning of Key Electric Buses Market Vendors
- 2.9.2. Strategies Adopted by Electric Buses Market Vendors
- 2.9.3. Key Industry Strategies

3. Electric Buses Market: Business Outlook & Market Dynamics

3.1. Introduction
3.2. Global Electric Buses Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape

4. Electric Buses Market: By Type, 2020-2030, USD (Million)

4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
- 4.3.1. Battery Electric Bus
- 4.3.2. Hybrid Electric Bus
- 4.3.3. Plug-in Hybrid Bus

5. Electric Buses Market: By Battery, 2020-2030, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
- 5.3.1. Lithium Iron Phosphate (LFP)
- 5.3.2. Lithium Manganese Oxide (LMO)
- 5.3.3. Lithium Nickel Manganese Cobalt Oxide
- 5.3.4. Others

6. Electric Buses Market: By Length, 2020-2030, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
- 6.3.1. Less than 10m
- 6.3.2. More than 10m

7. Electric Buses Market: By End-use, 2020-2030, USD (Million)

7.1. Market Overview
7.2. Growth & Revenue Analysis: 2021 Versus 2030
7.3. Market Segmentation
- 7.3.1. Public Transport
- 7.3.2. Private Fleet

8. North America Electric Buses Market, 2020-2030, USD (Million)

8.1. Market Overview
8.2. Electric Buses Market: By Type, 2020-2030, USD (Million)
8.3. Electric Buses Market: By Battery, 2020-2030, USD (Million)
8.4. Electric Buses Market: By Length, 2020-2030, USD (Million)
8.5. Electric Buses Market: By End-use, 2020-2030, USD (Million)
8.6.Electric Buses Market: By Region, 2020-2030, USD (Million)
- 8.6.1.North America
  - 8.6.1.1. U.S.
  - 8.6.1.2. Canada
  - 8.6.1.3. Rest of North America

9. UK and European Union Electric Buses Market, 2020-2030, USD (Million)

9.1. Market Overview
9.2. Electric Buses Market: By Type, 2020-2030, USD (Million)
9.3. Electric Buses Market: By Battery, 2020-2030, USD (Million)
9.4. Electric Buses Market: By Length, 2020-2030, USD (Million)
9.5. Electric Buses Market: By End-use, 2020-2030, USD (Million)
9.6.Electric Buses Market: By Region, 2020-2030, USD (Million)
- 9.6.1.UK and European Union
  - 9.6.1.1. UK
  - 9.6.1.2. Germany
  - 9.6.1.3. Spain
  - 9.6.1.4. Italy
  - 9.6.1.5. France
  - 9.6.1.6. Rest of Europe

10. Asia Pacific Electric Buses Market, 2020-2030, USD (Million)

10.1. Market Overview
10.2. Electric Buses Market: By Type, 2020-2030, USD (Million)
10.3. Electric Buses Market: By Battery, 2020-2030, USD (Million)
10.4. Electric Buses Market: By Length, 2020-2030, USD (Million)
10.5. Electric Buses Market: By End-use, 2020-2030, USD (Million)
10.6.Electric Buses Market: By Region, 2020-2030, USD (Million)
- 10.6.1.Asia Pacific
  - 10.6.1.1. China
  - 10.6.1.2. Japan
  - 10.6.1.3. India
  - 10.6.1.4. Australia
  - 10.6.1.5. South Korea
  - 10.6.1.6. Rest of Asia Pacific

11. Latin America Electric Buses Market, 2020-2030, USD (Million)

11.1. Market Overview
11.2. Electric Buses Market: By Type, 2020-2030, USD (Million)
11.3. Electric Buses Market: By Battery, 2020-2030, USD (Million)
11.4. Electric Buses Market: By Length, 2020-2030, USD (Million)
11.5. Electric Buses Market: By End-use, 2020-2030, USD (Million)
11.6.Electric Buses Market: By Region, 2020-2030, USD (Million)
- 11.6.1.Latin America
  - 11.6.1.1. Brazil
  - 11.6.1.2. Mexico
  - 11.6.1.3. Rest of Latin America

12. Middle East and Africa Electric Buses Market, 2020-2030, USD (Million)

12.1. Market Overview
12.2. Electric Buses Market: By Type, 2020-2030, USD (Million)
12.3. Electric Buses Market: By Battery, 2020-2030, USD (Million)
12.4. Electric Buses Market: By Length, 2020-2030, USD (Million)
12.5. Electric Buses Market: By End-use, 2020-2030, USD (Million)
12.6.Electric Buses Market: By Region, 2020-2030, USD (Million)
- 12.6.1.Middle East and Africa
  - 12.6.1.1. GCC
  - 12.6.1.2. Africa
  - 12.6.1.3. Rest of Middle East and Africa

13. Company Profile

13.1. AB Volvo
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
13.2. Alexander Dennis Ltd.
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
13.3. Ashok Leyland Ltd.
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
13.4. Beiqi Foton Motor Co., Ltd.
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
13.5. BYD Company Ltd.
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
13.6. Daimler AG
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives
13.7. Dongfeng Automobile Co., Ltd.
- 13.7.1. Company Overview
- 13.7.2. Financial Performance
- 13.7.3. Product Portfolio
- 13.7.4. Strategic Initiatives
13.8. EBUSCO BV
- 13.8.1. Company Overview
- 13.8.2. Financial Performance
- 13.8.3. Product Portfolio
- 13.8.4. Strategic Initiatives
13.9. FAW Group
- 13.9.1. Company Overview
- 13.9.2. Financial Performance
- 13.9.3. Product Portfolio
- 13.9.4. Strategic Initiatives
13.10. IVECO S.p.A.
- 13.10.1. Company Overview
- 13.10.2. Financial Performance
- 13.10.3. Product Portfolio
- 13.10.4. Strategic Initiatives
13.11. King Long United Automotive Industry Co., Ltd.
- 13.11.1. Company Overview
- 13.11.2. Financial Performance
- 13.11.3. Product Portfolio
- 13.11.4. Strategic Initiatives
13.12. Proterra, Inc.
- 13.12.1. Company Overview
- 13.12.2. Financial Performance
- 13.12.3. Product Portfolio
- 13.12.4. Strategic Initiatives
13.13. Shenzhen Wuzhoulong Motors Co., Ltd.
- 13.13.1. Company Overview
- 13.13.2. Financial Performance
- 13.13.3. Product Portfolio
- 13.13.4. Strategic Initiatives
13.14. Skoda Auto a.s.
- 13.14.1. Company Overview
- 13.14.2. Financial Performance
- 13.14.3. Product Portfolio
- 13.14.4. Strategic Initiatives
13.15. Solaris Bus & Coach S.A.
- 13.15.1. Company Overview
- 13.15.2. Financial Performance
- 13.15.3. Product Portfolio
- 13.15.4. Strategic Initiatives
13.16. Tata Motors Ltd.
- 13.16.1. Company Overview
- 13.16.2. Financial Performance
- 13.16.3. Product Portfolio
- 13.16.4. Strategic Initiatives
13.17. Zhengzhou Yutong Bus Co., Ltd.
- 13.17.1. Company Overview
- 13.17.2. Financial Performance
- 13.17.3. Product Portfolio
- 13.17.4. Strategic Initiatives
13.18. Zhongtong Bus Holding Co., Ltd.
- 13.18.1. Company Overview
- 13.18.2. Financial Performance
- 13.18.3. Product Portfolio
- 13.18.4. Strategic Initiatives

Product Code: 138676-08-22

List of Tables

TABLE 1 Global Electric Buses Market By Type, 2020-2030, USD (Million)
TABLE 2 Global Electric Buses Market By Battery, 2020-2030, USD (Million)
TABLE 3 Global Electric Buses Market By Length, 2020-2030, USD (Million)
TABLE 4 Global Electric Buses Market By End-use, 2020-2030, USD (Million)
TABLE 5 North America Electric Buses Market By Type, 2020-2030, USD (Million)
TABLE 6 North America Electric Buses Market By Battery, 2020-2030, USD (Million)
TABLE 7 North America Electric Buses Market By Length, 2020-2030, USD (Million)
TABLE 8 North America Electric Buses Market By End-use, 2020-2030, USD (Million)
TABLE 9 UK and European Union Electric Buses Market By Type, 2020-2030, USD (Million)
TABLE 10 UK and European Union Electric Buses Market By Battery, 2020-2030, USD (Million)
TABLE 11 UK and European Union Electric Buses Market By Length, 2020-2030, USD (Million)
TABLE 12 UK and European Union Electric Buses Market By End-use, 2020-2030, USD (Million)
TABLE 13 Asia Pacific Electric Buses Market By Type, 2020-2030, USD (Million)
TABLE 14 Asia Pacific Electric Buses Market By Battery, 2020-2030, USD (Million)
TABLE 15 Asia Pacific Electric Buses Market By Length, 2020-2030, USD (Million)
TABLE 16 Asia Pacific Electric Buses Market By End-use, 2020-2030, USD (Million)
TABLE 17 Latin America Electric Buses Market By Type, 2020-2030, USD (Million)
TABLE 18 Latin America Electric Buses Market By Battery, 2020-2030, USD (Million)
TABLE 19 Latin America Electric Buses Market By Length, 2020-2030, USD (Million)
TABLE 20 Latin America Electric Buses Market By End-use, 2020-2030, USD (Million)
TABLE 21 Middle East and Africa Electric Buses Market By Type, 2020-2030, USD (Million)
TABLE 22 Middle East and Africa Electric Buses Market By Battery, 2020-2030, USD (Million)
TABLE 23 Middle East and Africa Electric Buses Market By Length, 2020-2030, USD (Million)
TABLE 24 Middle East and Africa Electric Buses Market By End-use, 2020-2030, USD (Million)

List of Figures

FIG. 1 Global Electric Buses Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Electric Buses Market: Quality Assurance
FIG. 5 Global Electric Buses Market, By Type, 2021
FIG. 6 Global Electric Buses Market, By Battery, 2021
FIG. 7 Global Electric Buses Market, By Length, 2021
FIG. 8 Global Electric Buses Market, By End-use, 2021
FIG. 9 Global Electric Buses Market, By Geography, 2021
FIG. 10 Global Electric Buses Market, By Type, 2021 Vs 2030, %
FIG. 11 Global Electric Buses Market, By Battery, 2021 Vs 2030, %
FIG. 12 Global Electric Buses Market, By Length, 2021 Vs 2030, %
FIG. 13 Global Electric Buses Market, By End-use, 2021 Vs 2030, %
FIG. 14 U.S. Electric Buses Market (US$ Million), 2020 - 2030
FIG. 15 Canada Electric Buses Market (US$ Million), 2020 - 2030
FIG. 16 Rest of North America Electric Buses Market (US$ Million), 2020 - 2030
FIG. 17 UK Electric Buses Market (US$ Million), 2020 - 2030
FIG. 18 Germany Electric Buses Market (US$ Million), 2020 - 2030
FIG. 19 Spain Electric Buses Market (US$ Million), 2020 - 2030
FIG. 20 Italy Electric Buses Market (US$ Million), 2020 - 2030
FIG. 21 France Electric Buses Market (US$ Million), 2020 - 2030
FIG. 22 Rest of Europe Electric Buses Market (US$ Million), 2020 - 2030
FIG. 23 China Electric Buses Market (US$ Million), 2020 - 2030
FIG. 24 Japan Electric Buses Market (US$ Million), 2020 - 2030
FIG. 25 India Electric Buses Market (US$ Million), 2020 - 2030
FIG. 26 Australia Electric Buses Market (US$ Million), 2020 - 2030
FIG. 27 South Korea Electric Buses Market (US$ Million), 2020 - 2030
FIG. 28 Rest of Asia Electric Buses Market (US$ Million), 2020 - 2030
FIG. 29 Brazil Electric Buses Market (US$ Million), 2020 - 2030
FIG. 30 Mexico Electric Buses Market (US$ Million), 2020 - 2030
FIG. 31 Rest of Latin America Electric Buses Market (US$ Million), 2020 - 2030
FIG. 32 GCC Electric Buses Market (US$ Million), 2020 - 2030
FIG. 33 Africa Electric Buses Market (US$ Million), 2020 - 2030
FIG. 34 Rest of Middle East and Africa Electric Buses Market (US$ Million), 2020 - 2030

Electric Buses Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

Description

Table of Contents

List of Tables

Tightening Environmental Regulations and Encouragement from National Governments to Boost the Electric Buses Market