Electric Bus Global Market Report 2022

“Electric Bus Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global electric bus market.

This report focuses on electric bus market which is experiencing strong growth. The report gives a guide to the electric bus market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

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Where is the largest and fastest growing market for the electric bus ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Electric Bus market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider electric bus market, and compares it with other markets.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
• The electric bus market section of the report gives context. It compares the electric bus market with other segments of the electric bus market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, electric bus indicators comparison.

Scope

Markets Covered: 1) By Type: Battery Electric Vehicle; Plug-In Hybrid Electric Vehicle; Fuel Cell Electric Vehicle

2) By Battery Type: Lithium-Nickel-Manganese-Cobalt-Oxide; Lithium-Iron-Phosphate; Other Battery Types

3) By Vehicle Range: Less Than 200 Miles; Above 200 Miles

4) By Battery Capacity: Upto 400 kWh; Above 400 kWh

5) By Application: Intercity; Intracity

Companies Mentioned: Tata Motors Limited; BYD Co. Ltd.; AB Volvo; Scannia AB; Ebusco

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Executive Summary

Major players in the electric bus market are: Tata Motors Limited, BYD Co. Ltd., AB Volvo, Ashok Leyland Limited, Solaris Bus & Coach S.A., Zhongtong Bus & Holding Company Limited, Eicher Motors Limited, Proterra, Zhengzhou Yutong Bus Co. Ltd., Daimler AG, Scania AB, Ebusco, NFI Group Inc., and Dongfeng Motor Corporation.

The global electric bus market is expected to grow from $26.68 billion in 2021 to $29.7 billion in 2022 at a compound annual growth rate (CAGR) of 11.3%. The electric bus market is expected to grow to $47.31 billion in 2026 at a CAGR of 12.3%.

The electric bus market consists of sales of the electric bus by entities (organizations, sole traders, and partnerships) that are powered exclusively by a zero-emissions electricity source. An electric bus is an electric vehicle (EV) that runs on electricity rather than diesel or gasoline. Onboard batteries, a hydrogen fuel cell, overhead wires, such as in a trolleybus application, or ground-based non-contact conductors can all be used as electrical sources. Recharging capabilities can be added to any of these solutions using onboard technologies like regenerative braking and solar panels, as well as off-board chargers and storage battery banks.

The main types of electric buses are battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. Battery electric vehicles are entirely electric vehicles with rechargeable batteries that do not have a gasoline engine. The battery pack, which is recharged from the grid, provides all of the vehicle's energy. The various batteries used are lithium-nickel-manganese-cobalt-oxide, lithium-iron-phosphate, and others. The vehicle ranges are less than 200 miles and above 200 miles depending on the capacity in terms of the distance of the vehicle. The battery capacity of electric buses is up to 400 kWh and above 400 kWh depending upon the capacity of the battery used. The electric bus can be used for intercity and intracity applications.

Asia Pacific was the largest region in the electric bus market in 2021 and is expected to be the fastest-growing region in the forecast period. The regions covered in the electric bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The electric bus market research report is one of a series of new reports from The Business Research Company that provides electric bus market statistics, including electric bus industry global market size, regional shares, competitors with an electric bus market share, detailed electric bus market segments, market trends and opportunities, and any further data you may need to thrive in the electric bus industry. This electric bus market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Various proactive government initiatives to encourage the use of e-buses, create lucrative growth options for the market. Governments around the world have launched initiatives to make urban public transportation more sustainable and fuel-efficient through the use of electric buses. For instance, in December 2021, the NITI Aayog (National Institution for Transforming India), the policy think tank of the Government of India, launched e-Sawaari, India Electric Bus Coalition, in collaboration with Convergence Energy Service Limited (CESL) and the World Resources Institute, India (WRI India), and with the support of the Transformative Urban Mobility Initiative (TUMI). The coalition was formed to share knowledge and lessons learned from the adoption of e-buses in India among various stakeholders, including the central and state governments, city-level government agencies, financing institutions, transit service providers, ancillary service providers, and original equipment manufacturers (OEMs). Therefore, government initiatives will boost electric bus services which in turn is likely to drive the growth of the electric bus market going forward.

Technology advancement is a key trend in the electric bus market. Companies manufacturing electric buses are investing in technology to maximize passenger load carrying capacity and running time of electric buses to make the whole operation economically viable as well as sustainable for the future. For instance, in January 2020, Ashok Leyland, an India-based automotive manufacturer, and ABB Power Products and Systems, an India-based provider of energy technologies, signed a Memorandum of Understanding (MoU) to extend India's eco-system for efficient and greener electric bus transportation systems. According to the agreement, Ashok Leyland will create new electric buses based on ABB's TOSA flash-charge technology, which recharges the battery in seconds while people board and disembark. This eliminates the need to pull the vehicle out of service for recharging every few hours or having a replacement bus on hand, allowing the fleet to be smaller while carrying more passengers.

In May 2021, Lion Electric Company, a Canada-based manufacturer of all-electric medium and heavy-duty urban vehicles merged with Northern Genesis Acquisition Corp. for a deal amount of $490 million. The deal is intended to strengthen Lion's market-leading position in the all-electric medium and heavy-duty urban vehicles by supporting the planned building of a state-of-the-art vehicle production plant in the United States, the continued development of advanced battery systems, the planned construction of a highly automated battery system assembly factory, and other general corporate purposes. Northern Genesis Acquisition Corp. is a Canada-based acquisition company focusing on the stock exchange, acquisition, and combining of two or more businesses.

The countries covered in the electric bus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.