Cover Image
Market Research Report

U.S. Electric Bus Market (2014-2024)

Published by Prescient & Strategic Intelligence Private Limited Product code 811820
Published Content info 101 Pages
Delivery time: 2-3 business days
Price
Back to Top
U.S. Electric Bus Market (2014-2024)
Published: February 19, 2019 Content info: 101 Pages
Description

The size of the U.S. electric bus market is estimated to be $1,948.5 million in 2024, according to P&S Intelligence. It is also being expected that the market will advance with a 18.5% CAGR during the forecast period. The factors driving the progress of the market are regional, federal, and state incentive programs and grants. Similarly, low ownership and maintenance cost of e-buses, especially battery electric buses (BEB), are anticipated to help the market advance during the forecast period.

On the basis of vehicle type, the U.S. electric bus market has been divided into plug-in hybrid electric bus (PHEB), BEB, and hybrid electric bus (HEB). In the historical period, HEB dominated the market, however, the BEB type is estimated to see the fastest growth in the future because of declining battery prices and growing range of such buses.

Now, coming to charging type, the U.S. electric bus market is classified into pantograph, inductive, and plug-in. Out of these, plug-in was the largest category in 2017, holding more than 75.0% revenue share because of its early adoption for personal transport vehicles. However, during the forecast period, the inductive category is predicted to be grow the fastest in the country.

Currently, two kinds of BEBs are available in the U.S. electric bus market: a short-range bus with a small on-board battery which requires on-route charging more frequently, and an extended-range bus with a large battery designed to be charged slowly overnight (depot-charge BEB). Earlier, on-route charge buses dominated the market, but now, depot-charge buses are being demanded more, as these have quite similar performance figures to a diesel bus.

With improvements in battery technology, the range of depot-charge buses is improving, thus enabling longer route coverage. Furthermore, major BEB manufactures are introducing new models with an increased range, thereby, backing the growth of depot-charge bus sales. This is how, the increasing adoption of these buses as compared to on-route charge models have become a recent trend in the U.S. electric bus market.

According to the National Transit Database, around 38.0% of the operational diesel buses in the country were manufactured before 2007; that was the year when the more-strict diesel standards came into effect. An additional 10.5% of the buses in the U.S. were manufactured between 2007 and 2010. As these have not been rebuilt, these might not meet the current standards for hydrocarbon and nitrogen oxide emission. During the forecast period, e-buses are predicted to replace all the conventional ones, and the replacement of old busies offers lucrative growth opportunities to the players in the U.S. electric bus market.

U.S. Electric Bus Market Segmentation

By Vehicle Type

  • BEB
  • PHEB
  • HEB

By Length

  • >40 Feet
  • <40 Feet

By Battery

  • Lithium-Ion (Li-Ion)
  • Nickel-Metal Hydride (NiMH)
  • Others

By Charging Type

  • Plug-In
  • Pantograph
  • Inductive
Table of Contents

Table of Content

Chapter 1. Research Background

  • 1.1 Research Objectives
  • 1.2 Market Definition
  • 1.3 Research Scope
    • 1.3.1 Market Segmentation by Vehicle Type
    • 1.3.2 Market Segmentation by Length
    • 1.3.3 Market Segmentation by Battery
    • 1.3.4 Market Segmentation by Charging Type
    • 1.3.5 Analysis Period
    • 1.3.6 Market Data Reporting Unit
      • 1.3.6.1 Value
      • 1.3.6.2 Volume
  • 1.4 Key Stakeholders

Chapter 2. Research Methodology

  • 2.1 Secondary Research
  • 2.2 Primary Research
    • 2.2.1 Breakdown of Primary Research Respondents
      • 2.2.1.1 By industry participant
      • 2.2.1.2 By company type
  • 2.3 Market Size Estimation
  • 2.4 Data Triangulation
  • 2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

  • 4.1 Definition of Market Segments
    • 4.1.1 By Vehicle Type
      • 4.1.1.1 BEB
      • 4.1.1.2 PHEB
      • 4.1.1.3 HEB
    • 4.1.2 By Length
      • 4.1.2.1 > 40 feet
      • 4.1.2.2 < 40 feet
    • 4.1.3 By Battery
      • 4.1.3.1 Li-ion
      • 4.1.3.2 NiMH
      • 4.1.3.3 Others
    • 4.1.4 By Charging Type
      • 4.1.4.1 Plug-In
      • 4.1.4.2 Pantograph
      • 4.1.4.3 Inductive
  • 4.2 Value Chain Analysis
  • 4.3 Electric Bus Funding Scenario
  • 4.4 Market Dynamics
    • 4.4.1 Trends
      • 4.4.1.1 Growing preference for depot charge buses over on-route charge buses
      • 4.4.1.2 Increasing government initiatives
    • 4.4.2 Drivers
      • 4.4.2.1 Environmental benefits
      • 4.4.2.2 Stricter regulatory measures to reduce emissions
      • 4.4.2.3 Long-term economic benefits to transit agencies
      • 4.4.2.4 Availability of local, state, and federal funding toward zero-emission buses
      • 4.4.2.5 Falling battery costs and improving operational efficiencies
      • 4.4.2.6 Impact analysis of drivers on market forecast
    • 4.4.3 Restraints
      • 4.4.3.1 High capital costs of the buses and infrastructure
      • 4.4.3.2 Limited infrastructure and value chain ecosystem
      • 4.4.3.3 Impact analysis of restraints on market forecast
    • 4.4.4 Opportunities
      • 4.4.4.1 School buses
      • 4.4.4.2 Increasing replacement sales
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Buyers
    • 4.5.2 Bargaining Power of Suppliers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Intensity of Rivalry
    • 4.5.5 Threat of Substitutes

Chapter 5. U.S. Market Size and Forecast

  • 5.1 By Vehicle Type
  • 5.2 By Length
  • 5.3 By Battery
  • 5.4 By Charging Type

Chapter 6. Major Electric Bus Deployment Initiative in U.S.

  • 6.1 Electric Buses in Service and On-Order by State

Chapter 7. Policy and Regulatory Landscape for Electric Bus

  • 7.1 Electric Buses
    • 7.1.1 Overview
    • 7.1.2 Incentive Schemes and Programs
      • 7.1.2.1 Alabama
      • 7.1.2.2 California
      • 7.1.2.3 Colorado
      • 7.1.2.4 Maryland
      • 7.1.2.5 Massachusetts
      • 7.1.2.6 Minnesota
      • 7.1.2.7 Missouri
      • 7.1.2.8 Nevada
      • 7.1.2.9 New York
      • 7.1.2.10 Ohio
      • 7.1.2.11 Pennsylvania
      • 7.1.2.12 Rhode Island
      • 7.1.2.13 Texas
      • 7.1.2.14 Utah
      • 7.1.2.15 Virginia
      • 7.1.2.16 Washington
  • 7.2 Electric Bus Projects in the Pipeline

Chapter 8. Competitive Landscape

  • 8.1 Market Share Analysis of Key Players
  • 8.2 Product Benchmarking of Key Players

Chapter 9. Company Profiles

  • 9.1 Proterra Inc.
    • 9.1.1 Business Overview
    • 9.1.2 Product and Service Offerings
  • 9.2 BYD Motors Inc.
    • 9.2.1 Business Overview
    • 9.2.2 Product and Service Offerings
  • 9.3 NFI Group Inc.
    • 9.3.1 Business Overview
    • 9.3.2 Product and Service Offerings
    • 9.3.3 Key Financial Summary
  • 9.4 GreenPower Motor Company Inc.
    • 9.4.1 Business Overview
    • 9.4.2 Product and Service Offerings
    • 9.4.3 Key Financial Summary
  • 9.5 Gillig LLC
    • 9.5.1 Business Overview
    • 9.5.2 Product and Service Offerings
  • 9.6 Blue Bird Corporation
    • 9.6.1 Business Overview
    • 9.6.2 Product and Service Offerings
    • 9.6.3 Key Financial Summary
  • 9.7 Nova Bus Corporation
    • 9.7.1 Business Overview
    • 9.7.2 Product and Service Offerings
  • 9.8 The Lion Electric Co.
    • 9.8.1 Business Overview
    • 9.8.2 Product and Service Offerings

Chapter 10. Appendix

  • 10.1 Abbreviations
  • 10.2 Sources and References
  • 10.3 Related Reports

List of Tables

  • TABLE 1 ANALYSIS PERIOD OF THE STUDY
  • TABLE 2 MANUFACTURERS' MAINTENANCE SAVINGS CLAIMS
  • TABLE 3 BATTERY PRICE TRENDS (2016-2024)
  • TABLE 4 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 5 PRICE COMPARISON OF BEB AND HEB WITH DIESEL AND CNG BUS, $
  • TABLE 6 ELECTRIC BUS CHARGING INFRASTRUCTURE COST ESTIMATES
  • TABLE 7 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
  • TABLE 8 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2015-2018)
  • TABLE 9 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2019-2024)
  • TABLE 10 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, $M (2015-2018)
  • TABLE 11 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, $M (2019-2024)
  • TABLE 12 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2015-2018)
  • TABLE 13 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2019-2024)
  • TABLE 14 U.S. ELECTRIC BUS MARKET, BY LENGTH, $M (2015-2018)
  • TABLE 15 U.S. ELECTRIC BUS MARKET, BY LENGTH, $M (2019-2024)
  • TABLE 16 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2015-2018)
  • TABLE 17 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2019-2024)
  • TABLE 18 U.S. ELECTRIC BUS MARKET, BY BATTERY, $M (2015-2018)
  • TABLE 19 U.S. ELECTRIC BUS MARKET, BY BATTERY, $M (2019-2024)
  • TABLE 20 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2015-2018)
  • TABLE 21 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2019-2024)
  • TABLE 22 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, $M (2015-2018)
  • TABLE 23 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, $M (2019-2024)
  • TABLE 24 LOW- OR NO-EMISSION PROJECT SELECTIONS
  • TABLE 25 ELECTRIC BUSES IN SERVICE AND ON-ORDER BY STATE (2018)
  • TABLE 26 CALIFORNIA VOLUNTARY VEHICLE RETIREMENT INCENTIVE PROGRAM
  • TABLE 27 NEW YORK ALTERNATIVE FUEL AND ADVANCED VEHICLE PURCHASE VOUCHER SCHEME
  • TABLE 28 UTAH ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
  • TABLE 29 WASHINGTON ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
  • TABLE 30 ELECTRIC BUS PROJECTS IN THE PIPELINE
  • TABLE 31 PROTERRA INC. - AT A GLANCE
  • TABLE 32 BYD MOTORS INC. - AT A GLANCE
  • TABLE 33 NFI GROUP INC. - AT A GLANCE
  • TABLE 34 NFI GROUP INC. - KEY FINANCIAL SUMMARY
  • TABLE 35 GREENPOWER MOTOR COMPANY INC. - AT A GLANCE
  • TABLE 36 GREENPOWER MOTOR COMPANY INC. - KEY FINANCIAL SUMMARY
  • TABLE 37 GILLIG LLC - AT A GLANCE
  • TABLE 38 BLUE BIRD CORPORATION - AT A GLANCE
  • TABLE 39 BLUE BIRD CORPORATION - KEY FINANCIAL SUMMARY
  • TABLE 40 NOVA BUS CORPORATION - AT A GLANCE
  • TABLE 41 THE LION ELECTRIC CO. - AT A GLANCE

List of Figures

  • FIG 1 RESEARCH SCOPE
  • FIG 2 RESEARCH METHODOLOGY
  • FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
  • FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
  • FIG 5 DATA TRIANGULATION APPROACH
  • FIG 6 U.S. ELECTRIC BUS MARKET SUMMARY
  • FIG 7 VALUE CHAIN ANALYSIS
  • FIG 8 ELECTRIC BUS FUNDING SCENARIO (2018)
  • FIG 9 U.S. SCHOOL BUS SALES (2009-2018)
  • FIG 10 PORTER'S FIVE FORCES ANALYSIS
  • FIG 11 BARGAINING POWER OF BUYERS
  • FIG 12 BARGAINING POWER OF SUPPLIERS
  • FIG 13 THREAT OF NEW ENTRANTS
  • FIG 14 INTENSITY OF RIVALRY
  • FIG 15 THREAT OF SUBSTITUTES
  • FIG 16 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2015-2024)
  • FIG 17 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2015-2024)
  • FIG 18 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2015-2024)
  • FIG 19 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2015-2024)
  • FIG 20 U.S. BATTERY ELECTRIC BUS MARKET SHARE OF KEY PLAYERS (2018)
  • FIG 21 U.S. HYBRID ELECTRIC BUS MARKET SHARE OF KEY PLAYERS (2018)
  • FIG 22 PRODUCT BENCHMARKING OF KEY PLAYERS
  • FIG 23 NFI GROUP INC. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2017)
  • FIG 24 GREENPOWER MOTOR COMPANY INC. - REVENUE SPLIT BY GEOGRAPHY (2018)
  • FIG 25 BLUE BIRD CORPORATION - REVENUE SPLIT BY SEGMENT (2017)
Back to Top