In a traditional bus the motor works along with an alternator, however, an electric motor in an Electric vehicle has the double functioning of behaving as an alternator and the motor. This is possible as the voltage of an alternate current signal can easily be raised or reduced.
Market Dynamics:
Electric buses employ the batteries for their functioning. The price of the battery is one main factor which decides the final cost of the electric bus. And the battery pack cost helps a notable share in the final price of the bus. Battery packs usually contribute around 30-50% of the whole price of the final of the bus and hence are regarded as very essential and it is driving the growth of the global electric bus market.
The efficacy of the gas powered automotive might very low as compared to that of the electric automotive, however, it out performs the electric automotive in the terms of long range and the comfortable and easy refueling in the short span of the time which is anticipated to hinder the growth of the global electric bus market.
Usually, the electric buses that scale or range below 200 miles are very low budget than the high range of the electric bus which is fueling the development of the electric bus market. These types of the electric buses market are very appropriate and suitable on the shorter routes, that are very opportunistic for the increase of the market.
Key features of the study:
- This report provides in-depth analysis of the global electric bus market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global electric bus market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Major companies that are involved in the growth of the global electric bus market are AB VOLVO, CAF, CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A., ANKAI BUS, ZHONGTONG BUS HOLDINGS CO., LTD, BYD COMPANY LTD, PROTERRA, DAIMLER AG, YUTONG GROUP, NFI GROUP INC. and VDL GROEP BV.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global electric bus market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric bus market.
Detailed Segmentation:
- Global Electric Bus Market, By Propulsion Type:
- Global Electric Bus Market, By Length:
- Less than 9 meters
- 9-14 meters
- Above 14 meters
- Global Electric Bus Market, By Range:
- Less than 200 miles
- More than 200 miles
- Global Electric Bus Market, By Battery Capacity:
- Up to 400 kWh
- Above 400 kWh
- Global Electric Bus Market, By Power Output:
- Global Electric Bus Market, By Region:
- North America
- Europe
- Netherlands
- Norway
- France
- Rest of Europe
- Asia-Pacific
- China
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa