The South America electric bus market is expected to grow from US$ 143.25 million in 2021 to US$ 359.75 million by 2028; it is estimated to grow at a CAGR of 14.1% from 2021 to 2028
Electric buses employ a variety of batteries. Low-cost lithium ion-phosphate batteries are increasingly used in electric buses. Batteries made of lithium-ion phosphate are both cost-effective and robust. The average price of these batteries is a significant benefit for automakers. Due to their speed, safety, and excellent thermal stability, lithium-ion phosphate batteries have seen a phenomenal increase in sales in recent years. To meet the growing demand for longer drives, market participants are implementing technical improvements to improve the operational efficiency of batteries. This will increase electric bus sales. Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles. Furthermore, the production of high-density nickel, manganese, and cobalt (NMC) batteries is subject to significant intellectual property rights. Moreover, LFP batteries avoid the risk of litigation and simultaneously promote domestic battery suppliers over competitors such as LG Chem and Samsung. Thus, the rising production of low-cost lithium ion-phosphate batteries is expected to drive the demand for electric buses across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America electric bus market . The South America electric bus market is expected to grow at a good CAGR during the forecast period.
AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; King Long United Automotive Industry Co., Ltd; and Shenzhen Wuzhoulong Motors Co., Ltd are among the leading companies in the South America electric bus market.
Electric buses employ a variety of batteries. Low-cost lithium ion-phosphate batteries are increasingly used in electric buses. Batteries made of lithium-ion phosphate are both cost-effective and robust. The average price of these batteries is a significant benefit for automakers. Due to their speed, safety, and excellent thermal stability, lithium-ion phosphate batteries have seen a phenomenal increase in sales in recent years. To meet the growing demand for longer drives, market participants are implementing technical improvements to improve the operational efficiency of batteries. This will increase electric bus sales. Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles. Furthermore, the production of high-density nickel, manganese, and cobalt (NMC) batteries is subject to significant intellectual property rights. Moreover, LFP batteries avoid the risk of litigation and simultaneously promote domestic battery suppliers over competitors such as LG Chem and Samsung. Thus, the rising production of low-cost lithium ion-phosphate batteries is expected to drive the demand for electric buses across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America electric bus market . The South America electric bus market is expected to grow at a good CAGR during the forecast period.
South America Electric Bus Market Segmentation
The South America electric bus market is segmented based on vehicle type, hybrid powertrain, battery, end user, and country. Based on vehicle type, the market is segmented into the battery-electric bus, hybrid electric bus, and plug-in hybrid electric bus. The battery-electric bus segment dominated the market in 2021. Based on hybrid powertrain, the market is segmented into series-parallel hybrid, parallel hybrid, and series hybrid. The parallel hybrid segment dominated the market in 2021. Based on battery, the market is bifurcated into lithium iron phosphate (LIP) and lithium nickel manganese cobalt oxide (NMC). The lithium iron phosphate (LIP) segment dominated the market in 2021. Based on end user, the market is bifurcated into public and private. The public segment dominated the market in 2021. Based on country, the South America electric bus market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2021.AB Volvo; BYD Company Ltd; CAF Group (Solaris Bus & Coach); Daimler AG; King Long United Automotive Industry Co., Ltd; and Shenzhen Wuzhoulong Motors Co., Ltd are among the leading companies in the South America electric bus market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 SAM Electric Bus Market - By Vehicle Type
1.3.2 SAM Electric Bus Market - By Hybrid Powertrain
1.3.3 SAM Electric Bus Market - By Battery
1.3.4 SAM Electric Bus Market - By End User
1.3.5 SAM Electric Bus Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Electric Bus Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Electric Bus Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Hydrogen Fuel Bus
5.1.2 Stringent Government Emission Regulations
5.2 Market Restraints
5.2.1 High Initial and Development Cost
5.3 Market Opportunities
5.3.1 Rising Production of Low-cost Lithium ion-Phosphate Batteries
5.4 Future Trends
5.4.1 Emergence of Autonomous and Semi-Autonomous Transportation Systems
5.5 Impact Analysis of Drivers and Restraints
6. Electric Bus Market - SAM Analysis
6.1 SAM Electric Bus Market Overview
6.2 SAM Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
7. SAM Electric Bus Market Analysis - By Vehicle Type
7.1 Overview
7.2 SAM Electric Bus Market, By Vehicle Type (2020 and 2028)
7.3 Battery Electric Bus
7.3.1 Overview
7.3.2 Battery Electric Bus: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Hybrid Electric Bus
7.4.1 Overview
7.4.2 Hybrid Electric Bus: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Plug-in Hybrid Electric Bus
7.5.1 Overview
7.5.2 Plug-in Hybrid Electric Bus: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
8. SAM Electric Bus Market Analysis - By Hybrid Powertrain
8.1 Overview
8.2 SAM Electric Bus Market, By Hybrid Powertrain (2020 and 2028)
8.3 Series Parallel Hybrid
8.3.1 Overview
8.3.2 Series Parallel Hybrid: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Parallel Hybrid
8.4.1 Overview
8.4.2 Parallel Hybrid: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Series Hybrid
8.5.1 Overview
8.5.2 Series Hybrid: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
9. SAM Electric Bus Market Analysis - By Battery
9.1 Overview
9.2 SAM Electric Bus Market, By Battery (2020 and 2028)
9.3 Lithium Iron Phosphate (LFP)
9.3.1 Overview
9.3.2 Lithium Iron Phosphate (LFP): Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Lithium Nickel Manganese Cobalt Oxide (NMC)
9.4.1 Overview
9.4.2 Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
10. SAM Electric Bus Market Analysis - By End User
10.1 Overview
10.2 SAM Electric Bus Market, By End User (2020 and 2028)
10.3 Public
10.3.1 Overview
10.3.2 Public: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Private
10.4.1 Overview
10.4.2 Private: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
11. SAM Electric Bus Market - Country Analysis
11.1 Overview
11.1.1 SAM: Electric Bus Market, by Key Country
11.1.1.1 Brazil: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Electric Bus Market, By Vehicle Type
11.1.1.1.2 Brazil: Electric Bus Market, By Hybrid Powertrain
11.1.1.1.3 Brazil: Electric Bus Market, By Battery
11.1.1.1.4 Brazil: Electric Bus Market, By End User
11.1.1.2 Argentina: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Electric Bus Market, By Vehicle Type
11.1.1.2.2 Argentina: Electric Bus Market, By Hybrid Powertrain
11.1.1.2.3 Argentina: Electric Bus Market, By Battery
11.1.1.2.4 Argentina: Electric Bus Market, By End User
11.1.1.3 Rest of SAM: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of SAM: Electric Bus Market, By Vehicle Type
11.1.1.3.2 Rest of SAM: Electric Bus Market, By Hybrid Powertrain
11.1.1.3.3 Rest of SAM: Electric Bus Market, By Battery
11.1.1.3.4 Rest of SAM: Electric Bus Market, By End User
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. Company Profiles
13.1 AB Volvo
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 King Long United Automotive Industry Co., Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Shenzhen Wuzhoulong Motors Co., Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 BYD Company Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daimler AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CAF Group (Solaris Bus & Coach)
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
List of Figures
Figure 1. SAM Electric Bus Market Segmentation
Figure 2. SAM Electric Bus Market Segmentation - By Country
Figure 3. SAM Electric Bus Market Overview
Figure 4. SAM Electric Bus Market, By Vehicle Type
Figure 5. SAM Electric Bus Market, By Country
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. SAM Electric Bus Market: Impact Analysis of Drivers and Restraints
Figure 9. SAM Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Electric Bus Market Revenue Share, By Vehicle Type (2020 and 2028)
Figure 11. SAM Battery Electric Bus: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Hybrid Electric Bus: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Plug-in Hybrid Electric Bus: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Electric Bus Market Revenue Share, By Hybrid Powertrain (2020 and 2028)
Figure 15. SAM Series Parallel Hybrid: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Parallel Hybrid: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Series Hybrid: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Electric Bus Market Revenue Share, By Battery (2020 and 2028)
Figure 19. SAM Lithium Iron Phosphate (LFP): Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. SAM Lithium Nickel Manganese Cobalt Oxide (NMC): Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM Electric Bus Market Revenue Share, By End User (2020 and 2028)
Figure 22. SAM Public: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM Private: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. SAM: Electric Bus Market, by Key Country - Revenue (2020) (US$ Million)
Figure 25. SAM: Electric Bus Market Revenue Share, by Key Country (2020 & 2028)
Figure 26. Brazil: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Argentina: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of SAM: Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)List of Tables
Table 1. SAM Electric Bus Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Electric Bus Market, by Country - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Electric Bus Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Electric Bus Market, By Hybrid Powertrain - Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil: Electric Bus Market, By Battery - Revenue and Forecast to 2028 (US$ Million)
Table 6. Brazil: Electric Bus Market, By End User - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Electric Bus Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina: Electric Bus Market, By Hybrid Powertrain - Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina: Electric Bus Market, By Battery - Revenue and Forecast to 2028 (US$ Million)
Table 10. Argentina: Electric Bus Market, By End User - Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM: Electric Bus Market, By Vehicle Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM: Electric Bus Market, By Hybrid Powertrain - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM: Electric Bus Market, By Battery - Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of SAM: Electric Bus Market, By End User - Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- BYD Company Ltd
- CAF Group (Solaris Bus & Coach)
- Daimler AG
- King Long United Automotive Industry Co., Ltd
- Shenzhen Wuzhoulong Motors Co., Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 99 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 143.25 Million |
| Forecasted Market Value ( USD | $ 359.75 Million |
| Compound Annual Growth Rate | 14.1% |
