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Market Research Report

U.S. Electric Bus Market by Vehicle Type (BEB, PHEB, HEB), by Length, by Battery (Li-Ion, NiMH), by Charging Type (Plug-In, Pantograph, Inductive) - Market Size, Share, Development, Growth, and Demand Forecast, 2015-2024

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U.S. Electric Bus Market by Vehicle Type (BEB, PHEB, HEB), by Length, by Battery (Li-Ion, NiMH), by Charging Type (Plug-In, Pantograph, Inductive) - Market Size, Share, Development, Growth, and Demand Forecast, 2015-2024
Published: September 1, 2019 Content info: 98 Pages
Description

Title:
U.S. Electric Bus Charging Station
Market by Product (Plug-In Charging, Pantograph Charging, Inductive Charging), by Connector (J1772, CCS), by Charger (Off-Board, On-Board), by Charging (Fast Charging, Slow Charging) - Market Size, Share, Development, Growth, and Demand Forecast, 2016-2025.

Growing preference for depot charge buses is the key trend observed in the U.S. electric bus market. Battery electric buses are currently offered in two models. One is a short-range bus that uses small on-board batteries for traction, which are charged en route. The other is an extended-range bus that is equipped with larger on-board batteries, which undergo slow overnight charging. In the past, the majority of the buses procured in the country were on-route charge buses; however, recent procurement orders have majorly been for depot charge buses. This is due to the similar operational characteristics of these buses as those of conventional diesel buses. Furthermore, with improving battery technology, the range of depot charge buses is improving, enabling longer route coverage.

Unlike ICEs, electric buses offer life cycle-cost advantages, as they convert electric energy into motion more efficiently and have comparatively less moving parts. These factors make them less complicated and cheaper and also facilitate more power generation for propulsion and easy maintenance over the time. Due to these benefits, many local governments in the country are planning to make their bus fleets all-electric in the next few years. New York City, which has the largest bus network in the U.S. articulated that the city's 5,700 buses will be zero-emission electric by 2040. Furthermore, Los Angeles, which has the country's second-largest bus fleet network, plans to transform all 2,300 buses to electric by 2030. Thus, long-term economic benefits to transit agencies can be viewed as one of the major factors boosting the growth of the U.S. electric bus market.

The U.S. electric bus market is currently in its nascent phase, with the presence of few key manufacturers. Some of the major battery electric bus manufacturers in the country are Proterra Inc., BYD Motors Inc., and NFI Group Inc. Furthermore, key hybrid electric bus manufacturers in the market are GILLIG LLC and NFI Group Inc.

In April 2019, Allison Transmission Inc. unveiled new ABE series, the first e-axle advanced ultra-low floor electric bus powertrain system at the Advanced Clean Advanced Clean Transportation Expo. Furthermore, in December 2018, NFI Group Inc. announced that it was awarded a contract for seven 40-foot battery electric Xcelsior Charge heavy-duty transit buses by the Victor Valley Transit Authority (VVTA).

Some other notable players operating in the U.S. electric bus market are Blue Bird Corporation, GreenPower Motor Company Inc., COBUS Industries GmbH, ElDorado National California Inc. and Nova Bus Corporation.

Table of Contents

Table of Contents

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. Volume
      • 1.3.6.2. Value
  • 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
  • 5.5. Major Electric Bus Deployment Initiatives
  • 5.6. Electric Buses in Service and On-Order by State

Chapter 6. Policy and Regulatory Landscape for Electric Bus

  • 6.1. Electric Buses
    • 6.1.1. Overview
    • 6.1.2. Incentive Schemes and Programs
      • 6.1.2.1. Alabama
      • 6.1.2.2. California
      • 6.1.2.3. Colorado
      • 6.1.2.4. Maryland
      • 6.1.2.5. Massachusetts
      • 6.1.2.6. Minnesota
      • 6.1.2.7. Missouri
      • 6.1.2.8. Nevada
      • 6.1.2.9. New York
      • 6.1.2.10. Ohio
      • 6.1.2.11. Pennsylvania
      • 6.1.2.12. Rhode Island
      • 6.1.2.13. Texas
      • 6.1.2.14. Utah
      • 6.1.2.15. Virginia
      • 6.1.2.16. Washington
  • 6.2. Electric Bus Projects in the Pipeline

Chapter 7. Competitive Landscape

  • 7.1. Market Share Analysis of Key Players
  • 7.2. Product Benchmarking of Key Players
  • 7.3. Strategic Developments of Key Players
    • 7.3.1. Client Wins
    • 7.3.2. Partnerships
    • 7.3.3. Geographic Expansions
    • 7.3.4. Other Developments

Chapter 8. Company Profiles

  • 8.1. Proterra Inc.
    • 8.1.1. Business Overview
    • 8.1.2. Product and Service Offerings
  • 8.2. BYD Motors Inc.
    • 8.2.1. Business Overview
    • 8.2.2. Product and Service Offerings
  • 8.3. NFI Group Inc.
    • 8.3.1. Business Overview
    • 8.3.2. Product and Service Offerings
    • 8.3.3. Key Financial Summary
  • 8.4. GreenPower Motor Company Inc.
    • 8.4.1. Business Overview
    • 8.4.2. Product and Service Offerings
    • 8.4.3. Key Financial Summary
  • 8.5. GILLIG LLC
    • 8.5.1. Business Overview
    • 8.5.2. Product and Service Offerings
  • 8.6. Blue Bird Corporation
    • 8.6.1. Business Overview
    • 8.6.2. Product and Service Offerings
    • 8.6.3. Key Financial Summary
  • 8.7. Nova Bus Corporation
    • 8.7.1. Business Overview
    • 8.7.2. Product and Service Offerings
  • 8.8. The Lion Electric Co.
    • 8.8.1. Business Overview
    • 8.8.2. Product and Service Offerings

Chapter 9. Appendix

  • 9.1. Abbreviations
  • 9.2. Sources and References
  • 9.3. 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 ELECTRIC BUS PROJECTS
  • 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 (2018)
  • FIG. 24: GREENPOWER MOTOR COMPANY INC. - REVENUE SPLIT BY GEOGRAPHY (2019)
  • FIG. 25: BLUE BIRD CORPORATION - REVENUE SPLIT BY SEGMENT & GEOGRAPHY (2018)
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