PUBLISHER: Lucintel | PRODUCT CODE: 1079299
PUBLISHER: Lucintel | PRODUCT CODE: 1079299
Electric Bus Market Trends and Forecast
The future of the global electric bus market looks promising with opportunities in the public and private transportation. The global electric bus market is expected to grow at a CAGR of 17.2% from 2021 to 2027. The major drivers for this market are increasing gasoline prices, government subsidies as tax benefits to promote electric buses, and stringent environmental regulations to reduce air pollution.
Emerging Trends in the Electric Bus Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of low cost lithium ion batteries and integrated software solutions for better optimization of bus performance.
A total of 152 figures / charts and 115 tables are provided in this 217-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global electric bus market report, please download the report brochure.
Electric Bus Market by Segments
Lucintel forecasts that battery electric bus will remain the largest segment and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global electric bus market by vehicle type, battery type, charging infrastructure type, length type, end user, and region, as follows:
Electric Bus Market by Vehicle Type [Value ($ Million) and Volume (units) shipment analysis for 2016 - 2027]:
Electric Bus Market by Battery Type [Value ($ Million) and Volume (units) shipment analysis for 2016 - 2027]:
Electric Bus Market by Charging Infrastructure Type [Value ($ Million) and Volume (units) shipment analysis for 2016 - 2027]:
Electric Bus Market by Length [Value ($ Million) and Volume (units) shipment analysis for 2016 - 2027]:
Electric Bus Market by End Use [Value ($ Million) and Volume (units) shipment analysis for 2016 - 2027]:
Electric Bus Market by Region [Value ($ Million) and Volume (units) shipment analysis for 2016 - 2027]:
United States
Canada
Mexico
Germany
France
Russia
United Kingdom
Italy
China
Japan
Brazil
Turkey
List of Electric Bus Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric bus companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric bus companies profiled in this report includes.
Electric Bus Market Insights
Features of the Global Electric Bus Market
FAQ
Q1. What is the electric bus market size?
Answer: The global electric bus market is expected to reach an estimated $106.5 billion by 2027.
Q2. What is the growth forecast for electric bus market?
Answer: The electric bus market is expected to grow at a CAGR of 17.2% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the electric bus market?
Answer: The major drivers for this market are increasing gasoline prices, government subsidies as tax benefits to promote electric buses, and stringent environmental regulations to reduce air pollution.
Q4. What are the major applications or end use industries for electric bus?
Answer: Lithium iron phosphate (LFP) is the major segment by battery type for Electric bus.
Q5. What are the emerging trends in electric bus market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, development of low cost lithium ion batteries and integrated software solutions for better optimization of bus performance.
Q6. Who are the key electric bus companies?
Answer: Some of the key electric bus companies are as follows:
Q7.Which electric bus vehicle segment will be the largest in future?
Answer: Lucintel forecasts that battery electric bus will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to declining battery prices and government initiatives, such as tax benefits and subsidies to promote electric transportation.
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Q8: In electric bus market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to growing concerns on environmental pollution, government subsidies and tax rebates, and heavy investment from automaker in electric bus development. Europe is expected to witness highest growth over the forecast period due to stringent European government regulations which ensures to reduce CO2 emissions by adding more electric buses to its existing fleet.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.