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Market Research Report

Global Electric Bus Market Opportunity Analysis, 2017-2025

Published by Frost & Sullivan Product code 769477
Published Content info 126 Pages
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Global Electric Bus Market Opportunity Analysis, 2017-2025
Published: December 31, 2018 Content info: 126 Pages
Description

Potential for 148 Thousand eBus Sales Globally by 2025, Wherein China will be the Forerunner Followed by India and LATAM as High Growth Markets

The growing impetus on greenhouse gas (GHG) emission regulations, drop in battery prices, and purchase subsidies on electric vehicles (EVs) are certain to accelerate the growth of electric buses across the globe. Rapid technology developments with respect to battery chemistry, powertrain architecture, and motors are propelling the market, which will witness collaborations among incumbent automakers, start-ups, and new players. Battery-electric buses are expected to have a larger market share, followed by fuel cell electric buses, by 2025. Reducing total cost of ownership (TCO) of electric buses compared to diesel buses, coupled with the push for developing the charging infrastructure, will make electric buses a profitable option by 2025.

The global electric bus market size was ~81,968 units in 2017. This number is expected to grow to ~148,080 units in 2025 with a compound annual growth rate (CAGR) of 7.7%. China alone sold ~80,615 units in 2017. India and Latin America (LATAM) will be the fastest growing markets between 2017 and 2025 with a CAGR of 132% and 139.4% respectively.

Developed regions such as North America and Europe which already have access to electric bus technologies will make a sizable contribution to the conventional hybrid and plug-in hybrid bus markets. However, fully electric buses will be the most preferred technology in developing regions as they will be late in adopting eBuses and are expected to leapfrog to battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs). Although the uptake of natural gas powered buses will increase in the near future in North America, Europe and, to some extent, in China, it will not have much impact on the growth of the electric bus market in the medium and long terms. FCEVs are expected to gain momentum post 2020 as performance and costs improve, and as H2 infrastructure starts building up.

Higher adoption of electric powertrains is evident in the transit bus segment where charging stations are easier to establish due to the fixed routes. However, with advanced batteries and high power charging technologies reducing charging time, coaches will also have a significant share of electric powertrains in the long term post 2020. Fuel cell coaches will also find traction post 2022.

Growth in the electric bus market is influenced by subsidies and incentives by national and local governments - a critical reason for China's supremacy in this market. Other key factors are the establishment of quick charging infrastructure and the development of highly capable batteries. The increasing need for reducing emissions, especially in highly-populated cities, will necessitate the adoption of electric buses in the intra-city passenger transport segment. Growing battery capacities, coupled with aggressive developments in charging infrastructure technologies, are expected to increase the adoption rate of electric powertrains in the coaches segment.

Table of Contents
Product Code: K2B7-18

Table of Contents

1. EXECUTIVE SUMMARY

  • Executive Summary-Key Findings
  • Technology Advancements Aiding Electric Buses
  • Factors Driving Electrification
  • Top Challenges in Adoption of Electric Buses
  • Executive Summary-Snapshot of Global Bus Market in 2025
  • Executive Summary-Snapshot of xEV Bus Market in 2025
  • Key Electric Bus Use Cases
  • Executive Summary-Global Electric Bus Market Outlook

2. RESEARCH SCOPE AND SEGMENTATION

  • Research Scope
  • Product and Technology Segmentation
  • Research Aims and Objectives
  • Key Questions this Study will Answer
  • Research Background
  • Research Methodology
  • Partial List of Industry Participants

3. MARKET ENVIRONMENT AND DYNAMICS

  • Key Factors Impacting Electrification
  • Legislative Factors Analysis
  • Economic Factors Analysis
  • Economic Factors Analysis (continued)
  • Infrastructure Factors Analysis
  • Technological Factors Analysis

4. MARKET FORECAST-GLOBAL BUS MARKET

  • Global Bus Market-Unit Shipment Forecast by Region
  • Global Bus Market-Regional Split

5. MARKET FORECAST-GLOBAL ELECTRIC BUS MARKET

  • Global Electric Bus Market-Key Drivers
  • Market Scenario Analysis of e-Buses
  • Global Electric Bus-Percent Unit Shipment Forecast by Region
  • Global Electric Bus Market-Unit Shipment Forecast by Powertrain
  • Electric Bus Market-Regional Split by Technology, 2025
  • Electric Transit Bus Regional Pricing Outlook
  • Electric Coaches Regional Pricing Outlook

6. ELECTRIFICATION TECHNOLOGY OVERVIEW

  • Key Components of Electric Vehicles
  • Electric Driveline Architecture Benchmarking
  • Electric Motor Roadmap
  • Electric Motor Benchmarking
  • Power Electronics Roadmap
  • Future of Battery Chemistries
  • Lithium Ion Batteries Comparative Analysis
  • Lithium-ion Batteries Continue to Make Promising Gains
  • Battery Production Capacity to 2025
  • CHAdeMO Charging
  • Charging Interface Initiative (CHARIN)
  • Pantograph Charging
  • Fuel Cell Technology Future Roadmap
  • Regional Technology Preference

7. REGIONAL ELECTRIC BUS MARKET ANALYSIS-CHINA

  • China-Electric Bus Market: Key Influencing Trends
  • Overview of Incentives
  • China-Major OEMs and Powertrain
  • China-HD Transit Bus Market: Powertrain Forecast
  • China-MD Transit Bus Market: Powertrain Forecast
  • China-xEV Transit Bus Unit Shipments Split
  • China-HD Coaches Market: Powertrain Forecast
  • China-MD Coaches Market: Powertrain Forecast
  • China-xEV Coaches Unit Shipments Split

8. REGIONAL ELECTRIC BUS MARKET ANALYSIS-EUROPE

  • Europe-Electric Bus Market: Key Influencing Trends
  • Overview of Incentives
  • Growing Low Emission Zones (LEZ)
  • Regulation and Policy Analysis-Urban Access Restriction
  • Europe-Major OEMs Offering xEVs
  • Europe-HD Transit Bus Market: Powertrain Forecast
  • Europe-MD Transit Bus Market: Powertrain Forecast
  • Europe-xEV Transit Bus Unit Shipments Split
  • Europe-HD Coaches Market: Powertrain Forecast
  • Europe-MD Coaches Market: Powertrain Forecast
  • Europe-xEV Coaches Unit Shipments Split

9. REGIONAL ELECTRIC BUS MARKET ANALYSIS-NORTH AMERICA

  • North America-Electric Bus Market: Key Influencing Trends
  • Overview of Incentives
  • North America-Major OEMs Offering xEVs
  • North America-HD Transit Bus Market: Powertrain Forecast
  • North America-MD Transit Bus Market: Powertrain Forecast
  • North America-xEV Transit Bus Unit Shipments Split
  • North America-HD Coaches Market: Powertrain Forecast
  • North America-MD Coaches Market: Powertrain Forecast
  • North America-xEV Coaches Unit Shipments Split

10. REGIONAL ELECTRIC BUS MARKET ANALYSIS-INDIA

  • India-Electric Bus Market: Key Influencing Trends
  • India-Major OEMs Offering xEVs
  • India-HD Transit Bus Market: Powertrain Forecast
  • India-MD Transit Bus Market: Powertrain Forecast
  • India-xEV Transit Bus Unit Shipments Split
  • India-HD Coaches Market: Powertrain Forecast
  • India-MD Coaches Market: Powertrain Forecast
  • India-xEV Coaches Unit Shipments Split

11. REGIONAL ELECTRIC BUS MARKET ANALYSIS-LATIN AMERICA

  • Latin America-Electric Bus Market: Key Influencing Trends
  • Overview of Incentives
  • Latin America-Major OEMs Offering xEVs
  • Latin America-HD Transit Bus Market: Powertrain Forecast
  • Latin America-MD Transit Bus Market: Powertrain Forecast
  • Latin America-xEV Transit Bus Unit Shipments Split
  • Latin America-HD Coaches Market: Powertrain Forecast
  • Latin America-MD Coaches Market: Powertrain Forecast
  • Latin America-xEV Coaches Unit Shipments Split

12. GROWTH OPPORTUNITIES AND COMPANIES TO ACTION

  • Growth Opportunity
  • Strategic Imperatives for Electric Bus Market

13. KEY CONCLUSIONS AND FUTURE OUTLOOK

  • Future Outlook-2025
  • The Last Word-3 Big Predictions
  • Legal Disclaimer

14. APPENDIX

  • Table of Acronyms Used
  • Market Engineering Methodology
  • List of Exhibits
  • List of Exhibits (continued)
  • List of Exhibits (continued)
  • List of Exhibits (continued)
  • List of Exhibits (continued)
  • List of Exhibits (continued)
  • List of Exhibits (continued)
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