Market Research Reports - Industry Insights

Electric Buses Market Analysis: Global Size Grow At A CAGR Of 22.9% Over The Forecast Period

 The overall electric buses market worldwide is set to grow with a CAGR of 22.9% through the forecast period starting from 92,200 units in 2017.

Market Insights

With ever-increasing environmental concerns coupled with regulations, electric vehicles are experiencing widespread demand all over the world, with China at the forefront. Among the electric vehicles sector as a whole, electric busses have shown rapid growth over the last few years and are expected to lead the overall market for electric vehicles over the forecast period. Despite the well-established market for CNG vehicles, electric busses are expected to present tough competition to the former in the years to come. Although electric buses are more expensive to purchase, these buses offer much lower maintenance and operation cost as compared to CNG and diesel operated buses. Subsequently, considering the environmental benefits and lower operating costs, electric buses are expected to register strong demand worldwide during the forecast period. 

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Approximately 400,000 electric busses are currently operating worldwide, with China accounting for more than 95% of the total fleet. The market is highly governed by the segment of pure electric busses, mainly due to the tightening of environmental regulations and the continued efforts of governments to minimize fossil fuel consumption. With the aim of rapidly reducing air pollution, various national governments are now offering subsidies to bus operators in order to reduce the prices of electric busses close to those of conventional diesel and CNG busses. This is another major factor facilitating rapid growth of electric buses market worldwide. 

Pure electric busses, based on type, are market leaders with more than 65 percent of the total market size worldwide in terms of revenue and volume. Geographically, Asia Pacific is leading the global market for electric busses, accounting for more than 60 percent of the global market size. Apart from China, countries such as India, Japan, South Korea and a few others are prominent markets for electric buses. Asia Pacific is followed by Europe, which places a great deal of emphasis on reducing carbon emissions from road traffic.

The overall electric buses market is quite competitive in nature with market players focusing on producing more efficient products that can be used in countries having minimal infrastructure for electric vehicles. BYD Company is among the largest manufacturers of electric buses followed by Proterra, Inc. and few others. BYD Company possesses extensive product range and have presence across all the major markets globally. In addition, the company operates across most of the electric buses value chain, thereby positioning at prominent place in electric buses market. 

Some of the major companies profiled in the report include BYD Company Ltd., AB Volvo,, Alexander Dennis Ltd., Ashok Leyland Ltd., Daimler AG, Dongfeng Automobile Co., Ltd., EBUSCO BV, FAW Group, IVECO S.p.A., King Long United Automotive Industry Co., Ltd., Proterra, Inc., Shenzhen Wuzhoulong Motors Co., Ltd., Skoda Auto a.s., Solaris Bus & Coach SA, Tata Motors Ltd., Zhengzhou Yutong Bus Co., Ltd. and Zhongtong Bus Holding Co., Ltd. among others.

Key questions answered in this report

• What was the market size of electric buses in 2017 and forecast up to 2026?
• Which is the largest regional market for electric buses?
• What are the major trends followed in overall electric buses across different regions?
• Who are the key electric buses companies leading the market?
• What are the key strategies adopted by the leading electric buses companies in market?

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Table Of Content:

Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global EB Market
2.1.1 Global EB Market, by Type, 2017 (US$ Mn)
2.1.2 Global EB Market, by Battery Type, 2017 (US$ Mn)
2.1.3 Global EB Market, by Length, 2017 (US$ Mn)
2.1.4 Global EB Market, by End-use, 2017 (US$ Mn)
2.1.5 Global EB Market, by Geography, 2017 (US$ Mn)

Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Government Initiatives for Expanding EB Fleet
3.2.1.2 Superior Benefits, Consistent Design Improvement and Declining Battery Prices
3.2.2 Market Restraint
3.2.2.1 High Upfront Costs and Limitation Related to Power Generation
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key EB Vendors, 2017

Chapter 4 Global Electric Buses (EB) Market, by Type
4.1 Overview
4.1.1 Global EB Market Value Share, by Type, 2017 & 2026 (Value, %)
4.2 Battery Electric Bus
4.2.1 Global Battery EB Market Size, 2016 – 2026 (US$ Mn) (Units)
4.3 Hybrid Electric Bus
4.3.1 Global Hybrid EB Market Size, 2016 – 2026 (US$ Mn) (Units)
4.4 Plug-in Hybrid Bus
4.4.1 Global Plug-in Hybrid Buses Market Size, 2016 – 2026 (US$ Mn) (Units)

Chapter 5 Global Electric Buses (EB) Market, by Battery Type
5.1 Overview
5.1.1 Global EB Market Value Share, by Battery Type, 2017 & 2026 (Value, %)
5.2 Lithium Iron Phosphate (LFP)
5.2.1 Global LFP EB Market Size, 2016 – 2026 (US$ Mn) (Units)
5.3 Lithium Manganese Oxide (LMO)
5.3.1 Global LMO EB Market Size, 2016 – 2026 (US$ Mn) (Units)
5.4 Lithium Nickel Manganese Cobalt Oxide
5.4.1 Global NMC EB Market Size, 2016 – 2026 (US$ Mn) (Units)
5.5 Others
5.5.1 Global Other Battery EB Market Size, 2016 – 2026 (US$ Mn) (Units)

Chapter 6 Global Electric Buses (EB) Market, by Length
6.1 Overview
6.1.1 Global EB Market Value Share, by Length, 2017 & 2026 (Value, %)
6.2 Less than 10m
6.2.1 Global EB (<10m) Market Size, 2016 – 2026 (US$ Mn) (Units)
6.3 More than 10m
6.3.1 Global EB (>10m) Market Size, 2016 – 2026 (US$ Mn) (Units)

Chapter 7 Global Electric Buses (EB) Market, by End-use
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Chapter 8 North America Electric Buses (EB) Market Analysis
8.1 Overview
8.2 North America EB Market Analysis, by Type, 2016 – 2026 (US$ Mn) (Units)
8.2.1 Market Analysis
8.3 North America EB Market Analysis, by Battery Type, 2016 – 2026 (US$ Mn) (Units)
8.3.1 Market Analysis
8.4 North America EB Market Analysis, by Length, 2016 – 2026 (US$ Mn) (Units)
8.4.1 Market Analysis
8.5 North America EB Market Analysis, by End-use, 2016 – 2026 (US$ Mn) (Units)
8.5.1 Market Analysis
8.6 North America EB Market, by Country, 2016 – 2026 (US$ Mn) (Units)
8.6.1 Market Analysis
8.6.2 U.S.
8.6.2.1 U.S. EB Market Size, by Type, 2016 – 2026 (US$ Mn) (Units)
8.6.2.2 U.S. EB Market Size, by Battery Type, 2016 – 2026 (US$ Mn) (Units)
8.6.2.3 U.S. EB Market Size, by Length, 2016 – 2026 (US$ Mn) (Units)
8.6.2.4 U.S. EB Market Size, by End-use, 2016 – 2026 (US$ Mn) (Units)
8.6.3 Rest of North America
8.6.3.1 Rest of North America EB Market Size, by Type, 2016 – 2026 (US$ Mn) (Units)
8.6.3.2 Rest of North America EB Market Size, by Battery Type, 2016 – 2026 (US$ Mn) (Units)
8.6.3.3 Rest of North America EB Market Size, by Length, 2016 – 2026 (US$ Mn) (Units)
8.6.3.4 Rest of North America EB Market Size, by End-use, 2016 – 2026 (US$ Mn) (Units)

Chapter 9 Europe Electric Buses (EB) Market Analysis, 2016 – 2026 (US$ Mn)
……………….

Chapter 10 Asia Pacific Electric Buses (EB) Market Analysis
…………..

Chapter 11 Rest of the World (RoW) Electric Buses (EB) Market Analysis, 2016 – 2026 (US$ Mn)
………….

Chapter 12 Company Profiles
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DoC: https://issuu.com/robsonspot/docs/electric_buses_market.docx

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