An electric bus is driven by an electric motor, which obtains the energy stored and transferred by batteries. Some types of electric buses operate on the energy transferred by overhead electric wires. Electric buses have been in existence since 2009. Initially, these buses were limited to mini versions with a size of 8-10 meters; however, with continuous advancements in technology in battery, heavier and longer electric buses of 12-meter size have been developed, which are being operated in many countries across the globe. The analysts forecast the global electric bus market to grow at a CAGR of 26.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric bus market during 2016-2020. To calculate the market size, the report considers the market size calculated in both revenue and unit terms.
The market is divided into the following segments based on geography:
The report, Global Electric Bus Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
- Nanjing Jiayuan
- Zonda Electric Bus
- Need to adhere to regulatory standards
- Electric vehicle charging load to impact power grids and supply
- New product launches and technology advancements
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Value chain analysis
- Market overview
- Market size and forecast
- Five forces analysis
- Global electric bus market segmentation by charging technology
- Global autonomous charging electric bus market
- Global non-autonomous charging electric bus market
- Electric bus market in APAC
- Electric bus market in EMEA
- Electric bus market in Americas
- Need to adhere to regulatory standards
- Growing efforts to improve infrastructure
- Reliability, comfort, and cost benefits
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Competitive scenario
- Competitive benchmarking
- Other prominent vendors
- List of abbreviations
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Electric bus value chain
Exhibit 03: Global electric bus market segmentation
Exhibit 04: Global electric bus market (units)
Exhibit 05: Global electric bus market 2015-2020 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Global electric bus market segmentation by charging technology type
Exhibit 08: Global electric bus market segmentation by charging technology 2015-2020
Exhibit 09: Global autonomous charging electric bus market 2015-2020 (units)
Exhibit 10: Global non-autonomous charging electric bus market 2015-2020 (units)
Exhibit 11: Global electric bus market segmentation by geography 2015 (share)
Exhibit 12: Global electric bus market by geography 2015-2020 (share)
Exhibit 13: Electric bus market in APAC 2015-2020 (units)
Exhibit 14: Share of China in global electric bus market 2015
Exhibit 15: Share of China in APAC electric bus market 2015
Exhibit 16: Electric bus market in EMEA 2015-2020 (units)
Exhibit 17: Electric bus market in Americas 2015-2020 (units)
Exhibit 18: Emission standards for heavy-duty vehicles (trucks and buses [in grams per bhp])
Exhibit 19: Average annual emission comparisons
Exhibit 20: Countries offering monetary initiatives to develop charging infrastructure
Exhibit 21: Cost for a bus to travel 100 km
Exhibit 22: Impact of drivers
Exhibit 23: CO2 emission by different sectors from fossil fuel combustion 2015
Exhibit 24: Price comparison of diesel, hybrid, and electric bus
Exhibit 25: Impact of drivers and challenges
Exhibit 26: Market share of vendors 2015
Exhibit 27: Competitive comparison of key vendors
Exhibit 28: Other prominent vendors
Exhibit 29: BYD: Electric bus
Exhibit 30: BYD: Product portfolio
Exhibit 31: BYD: Recent developments
Exhibit 32: Ebus: Products
Exhibit 33: Ebus: Product portfolio
Exhibit 34: Proterra: Products
Exhibit 35: Proterra: Product portfolio
Exhibit 36: Proterra: Recent developments
Exhibit 37: Wuzhoulong: Electric bus portfolio
Exhibit 38: Wuzhoulong: Product portfolio
Exhibit 39: Wuzhoulong: Recent developments
Exhibit 40: Yutong: Electric bus portfolio
Exhibit 41: Yutong: Recent developments
The author of the report recognizes the following companies as the key players in the Global Electric Bus Market: BYD, Ebus, Proterra, Wuzhoulong, and Yutong.
Other Prominent Vendors in the market are: Ankai, Eagle, Nanjing Jiayuan, Zhongtong, and Zonda electric bus.
Commenting on the report, an analyst from the research team said: “New product launches and technology advancements will have a huge impact on market growth. Growing competition among electric bus manufacturers is expected to lead to rapid innovation and launch of new and differentiating products. New players are also entering the market and existing major players are constantly launching new buses, which shows the intensity of the competition in the market.”
According to the report, a key market driver is the need to adhere to regulatory standards. Prevailing regulatory standards like emission standards; fuel economy targets; subsidies available for electric, hybrid, and alternative fuel vehicles; and governments mandating greener transport solutions have a significant impact on the automotive industry as a whole. These standards set by many countries worldwide are changing the overall structure of vehicles - the components used are becoming lighter and the appearance of the vehicles is being modified, with more safety features and new technologies introduced frequently.
Further, the report states that a major challenge that has to be accounted for is the impact electric vehicle charging will have on power supply.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.