Global Electric (E)-Bus Market, By Propulsion Type (BEV, FCEV, PHEV), Vehicle Range (Up to 200 Miles, Above 200 Miles), Length of Bus (Less Than 9 M, 9–14 M, Above 14 M), Consumer Segment (Private Fleet Operator, Government), Application (Intercity, Intracity), Battery Capacity (Up to 400 kWh, Above 400 kWh), Power Output (Up to 250 Kw, Above 250 Kw), Component (Motor, Battery, Fuel Cell Stack), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Electric (E)-Bus Market
Data Bridge Market Research analyses that the electric (E)-bus market would exhibit a CAGR of 27.15% for the forecast period.
Electric (E)-bus is referred to the vehicle that uses electricity instead of the traditional internal combustion engine. The e-bus is powered by on-board electric motor or set of batteries. As these buses emit zero-emission, they are considered environmentally friendly. They are also cost-effective as compared to diesel or gasoline buses.
The rising preference towards emission-free and energy efficient mass transit solutions will influence the growth rate of electric (E)-bus market during the forecast period of 2022-2029. The electric (E)-bus market is likely to grow significantly due to the rising adoption of advanced technologies. Also, reducing battery prices is a contributing factor to the growth rate of electric (E)-bus market. Furthermore, the rise in the adoption of clean fuel acts and swift industrialization are the major market drivers that will positively impact the market's growth rate. Factors such as an upsurge in the demand of high end-batteries and rising urbanization, will further propel the market's growth rate. The hugh demand for hydrogen fuel cell and growing government support for electrification of public transport are the major drivers that will further cushion the growth of electric (E)-bus market.
Moreover, implementing strict government emission norms and environmental regulations will carve the beneficial opportunities for the growth of the electric (E)-bus market. Additionally, an increase in the number of research and development activities and emerging new markets will act as a significant market driver and further boost new opportunities for the market's growth.
However, high development costs and low fuel economy and serviceability will stymie the revenue growth of the electric (E)-bus market. The dearth of charging infrastructure and concerns over battery safety will pose major challenges for the electric (E)-bus market growth. Also, high initial investment and the severe impact of COVID-19 on various industries' manufacturing and supply chain operations will act as major market restrain that will further hinder the growth of the electric (E)-bus market during the above-mentioned forecast period.
This electric (E)-bus market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric (E)-bus market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric (E)-Bus Market Scope and Market Size
The electric (E)-bus market is segmented on the basis of propulsion type, vehicle range, length of bus, consumer segment, application, battery capacity, power output and component. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Electric (E)-bus market on the basis of propulsion type has been segmented as BEV, FCEV, and PHEV.
- Based on vehicle range, electric (E)-bus market has been segmented into up to 200 miles, and above 200 miles.
- On the basis of length of bus, electric (E)-bus market has been segmented into less than 9 M, 9–14 M, and above 14 M.
- Based on consumer segment, electric (E)-bus market has been segmented into private fleet operator, and government.
- On the basis of application, electric (E)-bus market has been segmented into intercity, and intracity.
- Based on battery capacity, electric (E)-bus market has been segmented into up to 400 kWh, and above 400 kWh.
- On the basis of power output, electric (E)-bus market has been segmented into up to 250 Kw, and above 250 Kw.
- Electric (E)-bus has also been segmented on the basis of component into motor, battery, and fuel cell stack.
Electric (E)-Bus Market Country Level Analysis
The electric (E)-bus market is segmented on the basis of propulsion type, vehicle range, length of bus, consumer segment, application, battery capacity, power output and component.
The countries covered in the electric (E)-bus market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the electric (E)-bus market due to leading OEMs and availability of electric components at affordable prices in this region. Middle East and Africa is expected to grow during the forecast period of 2022-2029 due to the increasing demand of electric mass transit solutions in this region.
The country section of the electric (E)-bus market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Electric (E)-Bus Market Share Analysis
The electric (E)-bus market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric (E)-bus market.
Some of the major players operating in the electric (E)-bus market are Mercedes-Benz Group AG, BYD Motors Inc., YUTONG, Proterra., VDL BUS & COACH BV, AB Volvo, NFI Group, Ebusco, IVECO S.p.A, Blue Bird Corporation., GILLIG LLC, Lion Electric, Tata Motors., ASHOK LEYLAND, Changsha Sunda New Energy Technology Co., Ltd., Olectra Greentech Limited., Golden Dragon, JBM Auto Limited, Iveco, and ŠKODA TRANSPORTATION, among others.
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