E-Bus Market 2022
New Study Reports “ E-Bus Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2032″ has been Added on PMR.
The global electric bus market is estimated to account for 67,854 units in terms of volume, and register a CAGR of 28.0% over the forecast period, 2020 – 2030.
Electric Bus Market to reach Whopping Bn Value by 2030; to Pick up Pace post-Covid-19. The global electric bus market is basically driven by the ever-increasing emphasis of economies on promotion of electrifying mass transit solutions coupled with governments’ support. The other factors to ponder about are depleting reserves of crude oil and increase in air pollution at an alarming rate. As such, hybrid and electric vehicles are being preferred by end-users throughout the world. Though the initial funding is high, it eventually proves to be profitable due to low operational cost. Increase in awareness on this count is bound to fuel the market growth going forward.
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- BYD Company Limited.
- Proterra, Inc.
- AB Volvo (publ).
- Daimler AG.
- Solaris Bus & Coach S.A.
- Zhongtong Bus & Holding Co., Ltd.
- Ashok Leyland, Ltd.
- Alexander Dennis Limited.
- Shenzhen Wuzhoulong Motors Co., Ltd. and more
The primary objective of this report is to offer an extensive analysis and estimation of all the information related to the market, which comprises of factors that drive growth of the market, factors that inhibit growth the market, trends, opportunities, and recent developments related to the global electric bus market. The forecast presented in the report assesses the total revenue generated and the expected revenue over the forecast period.
The report begins with a general overview regarding applications of electric buses among various other transportation options. Apart from applications and benefits of electric buses, this report throws light on various factors, which are responsible for contributing towards growth of the market, and factors that are inhibiting growth of the market in the upcoming years.
Into the bargain, electric buses are classified into three, which are namely plug-in electric buses, hybrid electric buses, and purely electric buses. Owing to their attribute, the hybrid buses are estimated to retain dominance in the global electric bus market during the forecast period. However, plug-in electric buses mainly rely on battery and its energy, which could further restrain growth of the market in the span of next six years.
Furthermore, in terms of region, various region-specific factors are analyzed to conclude if these factors will impact the global electric market in positive or negative manner. These factors are taken into consideration, if they will boost growth of the market, or inhibit growth of the global electric market during the forecast period.
The next section of the report highlights various segments of the global electric bus market. The segmentation includes product type, region, and application type. This report analyzes segment-specific factors, which are predicted to inhibit or boost growth of the global electric bus market throughout the forecast period. The last section of the report includes leading international players that operate in the global electric bus market.
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Key Takeaways from the electric Bus Market
- The present as well as future belong to the Asia-Pacific. This could be credited to the fact that Shenzhen holds the distinction of being the very first city to have a 100% electrified fleet of public transport. Also, majority of OEMs present herein add to the revenue generation.
- The governments across the globe are on to replacement of public transport in existence with emission-free public transport as a constructive step towards “going green”.
- As far as length of electric bus is concerned, the one with 9-14 m is expected to dominate (with the other two being above 14 m and less than 9 m) the market due to fitment of big volumes of the electric passenger buses therein.
- MEA is expected to grow at the fastest pace in the years to come due to OEMs expanding along with backing from the governments.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
E-Bus Market Manufacturers
E-Bus Market Distributors/Traders/Wholesalers
E-Bus Market Subcomponent Manufacturers
Key Questions Answered in This Report –
Which is the largest regional market for Electric Bus?
What are the upcoming trends of Electric Bus Market in the world?
What are the key driving factors for the growth of the Electric Bus Market?
What are the top players operating in the Electric Bus Market?
What are the key regions in the global Electric Bus market?
Who are the key players/companies in the global Electric Bus market?
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To deduce the global electric bus market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by product type, region, and application; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global electric bus market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global electric bus market.
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Global electric vehicles market is projected to grow at an impressive CAGR of 15.6% in terms of revenue generated over the forecast period from 2016 to 2030.
India electric vehicles market is expected to expand at a CAGR of 77% in terms of value during the forecast period (2017-2025).
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