As per this study the Global Electric bus Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX Units in 2019 and is expected to reach XX Units by 2026 with a CAGR of XX%.
The electric bus is the electrically powered bus that is used to transit passenger from one place to another. These buses are either driven by the onboard power source or flywheel energy storage or from the outside power source. The electric bus provides better acceleration, quieter travel experience and zero emission over the conventional fuel powered bus.
The rising demand for electric vehicles with stringent regulation on carbon emission is driving the market growth. Various initiates undertaken by governments of different countries to promote the adoption of electric bus for public transportation is contributing the market growth. Also, zero carbon emission, better acceleration, more fuel, and noise efficiency is boosting the growth of this market. On the flip side, the high cost of an electric bus may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric bus.
The broad electric bus market has been sub-grouped into vehicle type and consumer segment. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Vehicle Type
By Consumer Segment
- Battery Electric Bus
- Plug-In-Hybrid Electric Bus
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for electric bus in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Electric Bus Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric bus market include AB Volvo, Anhui Ankai Automobile, BYD, Daimler AG, Iveco, Nanjing Jiayuan EV, New Flyer Industries, Proterra Inc., Ryobi Bus, Scannia AB, Shandong Yi Xing Electric Automobile, Wright Group, Zhengzhou Yutong and Zhongtong Bus among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.