Global Electric Bus Market Size, Share, Development, Growth and Demand Forecast to 2025

  • ID: 3978140
  • Report
  • Region: Global
  • 132 pages
  • P&S Market Research
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Global Electric Bus Market is Expected to Witness a CAGR of 33.5% During 2017 - 2025

FEATURED COMPANIES

  • AB Volvo
  • BYD Company Limited
  • Daimler AG
  • EBUSCO
  • Proterra Inc.
  • Solaris Bus & Coach S.A.
  • MORE
Global electric bus market is expected to witness a CAGR of 33.5% during 2017 - 2025 led by various reasons. The policy makers of various countries are focusing on developing public transit infrastructure with no or low pollution to tackle the air pollutant emissions, mainly in the densely-populated cities and mega-cities. The developed countries are replacing their existing diesel and natural gas based public transit to zero emission buses. The surge in urbanization, along with lower operating cost of electric buses is propelling their growth in the developing countries.

The rising interest of people worldwide in the new energy vehicles and their increasing demand have led to several events and exhibitions. Such events and exhibitions are either entirely focused on electric vehicles or new energy vehicles are a part of their agenda.

Market Dynamics
Led by China, Asia-Pacific accounted for the highest number of shipments in the global electric bus market in 2016. The Chinese electric bus market is expected to grow significantly, during the forecast period, owing to the increasing urbanization and development of several newly built advanced public transit systems in its smart cities.

Besides China, the Indian government has also shown its interest in using electric buses. India’s leading bus player, Ashok Leyland, is expected to commercialize their circuit electric bus in India by 2017. Tata Motors, another Indian company, completed its first commercial pilot of electric bus in April 2017. In Europe, U.K., the Netherlands, France and Germany are the major markets for electric buses. In 2015, the government of U.K. launched a double decker electric bus in London. Côte d’Ivoire, Uruguay and Brazil are expected to be the early beginners in making use of electric buses in the Rest of the World region.

The premium price of electric buses is a major hindrance in their large-scale adoption in public transit infrastructure, especially within the developing countries, where regional governments are focusing more on low emission natural gas powered buses.

Trends

The venturing of regional competitors in the global market have been one of the major trends in the global electric bus market. The adoption of electric vehicles has been surging globally, and none of the markets is anywhere near saturation. This has been encouraging the regional electric bus manufacturers to enter the international market. For instance, in 2015, Chinese manufacturer - Yutong begun a trial run of its electric bus in Paris, France, in a bid for a contract to replace 9,200 city buses with their electric counterpart. Another Chinese company, BYD, entered the Brazilian market in 2013, and the U.S. market in 2014 and the South Korean market in 2016. BYD also plans to enter the Indian market in near future. A Finnish start-up company, Linkker, is also targeting to venture into Netherlands and France.

The increasing product portfolio of several electric bus manufacturers is another major trend prevailing in the market. Proterra, Ebusco, Ashok Leyland, Solaris, and Tata Motors have been the major companies launching new electric bus in the recent past.

Growth Drivers

The rising concern about greenhouse has (GHG) emission and long term cost benefits provided by electric bus are alluring transit agencies to adopt electric bus. According to a report by the World Health Organization (WHO), air pollution is one of the leading causes of death in Europe. Every year about 100,000 deaths in Europe occur due to air pollution. Considering the negative impact of air pollution, the governments around the world are investing heavily in reducing pollution levels. France, the U.K., and Germany are some of the early adopters of electric bus as means of public transportation system.

Political instability in major oil producing countries has intensified the instability in crude oil prices. The upstream supply chain of crude oil is also being affected by the civil war in the oil producing countries of Middle-East. As a result, the transit agencies around the globe are increasing the number of new energy vehicles. In spite of the high initial cost, electric buses have low operating cost. The transit agencies in developing countries are focusing more on long term environmental and cost benefits. The establishment of new cities and satellite cities in developing countries offers significant development space to support the infrastructure for electric buses.

An electric bus in their entire life cycle saves fuel of around $365,000 value, as compared to diesel buses; and $ 225,000 as compared to natural gas (CNG) buses. Moreover, electric buses are less noisy and require lesser maintenance, as compared to their conventional counterparts. Transit agencies, including Foothill Transit in California (the U.S.), Tennessee (the U.S.), the Nashville Metropolitan Transit Authority, Worcester Regional Transit Authority, Massachusetts (the U.S.), and Boreal Transport (Norway) are deploying electric buses to develop sustainable transport systems.

The increasing number of venture funding is another major driver in the electric bus market. The electric bus market is still in its nascent phase, and requires further technical development for their increased adoption. Many venture capital firms have shown interest in the market by providing large funds to the electric bus players. Venture capitalists, such as General Motors Ventures LLC and Kleiner Perkins Caufield & Byers, recently invested $30.0 million in Proterra Inc., a U.S. based electric bus manufacturing company. Moreover, the company has gained over $120 million from private equity funding, since 2011. Partnerships between Transdev (an international public-private transport operator company based in France) and the transport department has been encouraging the local transit agencies in American and European countries, to increase the number of electric buses.

Opportunities

The emerging economies are expected to offer growth opportunities for the electric bus market during the forecast period. China was among the earliest adopters of electric vehicles (EV) in the world. The country has been aiming to increase the number of electric vehicles, for which the government rolled out several subsidy schemes. India, another emerging market has set a target to deploy over 10,000 electric buses in near term.

Competitive Landscape
The global electric bus market has a consolidated structure, where the top three players held a majority share in 2016. Some of the major companies operating in the global electric bus market include Yutong Group, AB Volvo, Shenzhen Wuzhoulong, BYD, King Long, Proterra, Daimler, Solaris, Zhongtong, Ebusco, Alexander Dennis, and Ashok Leyland.

Scope for Customization
Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis - Increase in the study period, including historic and forecast years
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • New custom report - A completely customized report can be provided on the market, specific to a region/ country/ segment.
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FEATURED COMPANIES

  • AB Volvo
  • BYD Company Limited
  • Daimler AG
  • EBUSCO
  • Proterra Inc.
  • Solaris Bus & Coach S.A.
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Technology
1.3.2 Market Segmentation By Size
1.3.3 Market Segmentation By Region
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.3 Market Size Estimation
2.4 Market Breakdown And Data Triangulation
2.5 Assumptions For The Study

3. Executive Summary

4. Introduction
4.1 Market Segmentation
4.1.1 Overview By Technology
4.1.1.1 Parallel Hybrid Bus
4.1.1.2 Pure Electric Bus
4.1.1.3 Series Parallel Hybrid Bus
4.1.1.4 Series Hybrid Bus
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing Product Portfolio Of Electric Bus Manufacturers
4.3.1.2 Regional Competitors Venturing Into Global Markets
4.3.2 Opportunities
4.3.2.1 Growing Adoption Of Electric Bus In The Emerging Countries
4.3.3 Drivers
4.3.3.1 Rising Concern About Greenhouse Gas Emission
4.3.3.2 Long Term Cost Benefits Alluring Transit Agencies To Adopt Electric Bus In Their Fleet
4.3.3.3 Increasing Venture Capital Funding And Ppp
4.3.3.4 Impact Analysis Of Drivers On Market Forecast
4.3.4 Restraints
4.3.4.1 High Price Of Electric Bus
4.3.4.2 Growing Popularity Of Natural Gas Fueled Buses
4.3.4.3 Impact Analysis Of Restraints On Market Forecast
4.4 Porter’S Five Forces Analysis
4.4.1 Bargaining Power Of Buyers
4.4.2 Bargaining Power Of Suppliers
4.4.3 Threat Of New Entrants
4.4.4 Threat Of Substitutes
4.4.5 Intensity Of Rivalry

5. Market Size And Forecast By Technology
5.1 Global Pure Electric Bus Market
5.1.1 Global Pure Electric Bus Market, By Region
5.2 Global Parallel Hybrid Bus Market
5.2.1 Global Parallel Hybrid Bus Market, By Region
5.3 Global Series Parallel Hybrid Bus Market
5.3.1 Global Series Parallel Hybrid Bus Market, By Region
5.4 Global Series Hybrid Bus Market
5.4.1 Global Series Hybrid Bus Market, By Region

6. Market Size And Forecast By Size
6.1 Global Above 10 Meters Electric Bus Market
6.1.1 Global Above 10 Meters Electric Bus Market, By Region
6.2 Global Below 10 Meters Electric Bus Market
6.2.1 Global Below 10 Meters Electric Bus Market, By Region

7. Market Size And Forecast By Geography
7.1 Global Electric Bus Market
7.1.1 Asia-Pacific Electric Bus Market
7.1.1.1 Asia-Pacific Electric Bus Market, By Country
7.1.1.1.1 China Electric Bus Market
7.1.1.1.2 India Electric Bus Market
7.1.1.2 Asia-Pacific Electric Bus Market, By Technology
7.1.1.3 Asia-Pacific Electric Bus Market, By Size
7.1.2 North America Electric Bus Market
7.1.2.1 North America Electric Bus Market, By Country
7.1.2.1.1 U.S. Electric Bus Market
7.1.2.1.2 Canada Electric Bus Market
7.1.2.2 North America Electric Bus Market, By Technology
7.1.2.3 North America Electric Bus Market, By Size
7.1.3 Europe Electric Bus Market
7.1.3.1 Europe Electric Bus Market, By Country
7.1.3.1.1 U.K. Electric Bus Market
7.1.3.1.2 Netherlands Electric Bus Market
7.1.3.1.3 France Electric Bus Market
7.1.3.1.4 Germany Electric Bus Market
7.1.3.2 Europe Electric Bus Market, By Technology
7.1.3.3 Europe Electric Bus Market, By Size
7.1.4 Rest Of The World (Row) Electric Bus Market
7.1.4.1 Row Electric Bus Market, By Country
7.1.4.1.1 Brazil Electric Bus Market
7.1.4.2 Row Electric Bus Market, By Technology
7.1.4.3 Row Electric Bus Market, By Size

8. Competitive Landscape
8.1 Competitive Positioning Of Key Players
8.2 Market Share Analysis Of Key Players
8.3 Recent Activities Of Major Players
8.4 Product Benchmarking
8.5 Global Strategic Developments
8.5.1 Product Launch
8.5.2 Orders And Contracts

9. Company Profiles
9.1 Zhengzhou Yutong Group Co. Ltd.
9.1.1 Business Overview
9.1.2 Product And Service Offerings
9.1.3 Strategic Growth Plans
9.2 King Long United Automotive Industry Co. Ltd.
9.2.1 Business Overview
9.2.2 Product And Service Offerings
9.2.3 Strategic Growth Plans
9.3 Byd Company Limited
9.3.1 Business Overview
9.3.2 Product And Service Offerings
9.3.3 Strategic Growth Plans
9.4 Proterra Inc.
9.4.1 Business Overview
9.4.2 Product And Service Offerings
9.4.3 Strategic Growth Plans
9.5 Ab Volvo
9.5.1 Business Overview
9.5.2 Product And Service Offerings
9.5.3 Strategic Growth Plans
9.6 Daimler Ag
9.6.1 Business Overview
9.6.2 Product And Service Offerings
9.6.3 Strategic Growth Plans
9.7 Solaris Bus & Coach S.A.
9.7.1 Business Overview
9.7.2 Product And Service Offerings
9.8 Zhongtong Bus & Holding Co. Ltd.
9.8.1 Business Overview
9.8.2 Product And Service Offerings
9.8.3 Strategic Growth Plans
9.9 Ashok Leyland Ltd.
9.9.1 Business Overview
9.9.2 Product And Service Offerings
9.9.3 Strategic Growth Plans
9.10 Ebusco
9.10.1 Business Overview
9.10.2 Product And Service Offerings
9.11 Alexander Dennis Limited
9.11.1 Business Overview
9.11.2 Product And Service Offerings
9.12 Shenzhen Wuzhoulong Motors Co. Ltd
9.12.1 Business Overview
9.12.2 Product And Service Offerings
9.12.3 Strategic Growth Plans

10. Appendix
10.1 Abbreviations
10.2 List Of Electric And Hybrid Vehicle & Component Exhibitions (2017 - 2018)

List Of Tables
Table 1 Analysis Period Of The Study
Table 2 Hybrid & Electric Bus Propulsion Component Price
Table 3 Drivers For The Market: Impact Analysis
Table 4 Prices Of Disiel/Cng Buses, Hybrid Buses, And Pure Electric Buses In Brazil, China And India
Table 5 Restraints For The Market: Impact Analysis
Table 6 Global Electric Bus Market, By Technology, Thousand Units (2013-2016)
Table 7 Global Electric Bus Market, By Technology, Thousand Units (2017-2025)
Table 8 Global Pure Electric Bus Market, By Region, Thousand Units (2013-2016)
Table 9 Global Pure Electric Bus Market, By Region, Thousand Units (2017-2025)
Table 10 Global Parallel Hybrid Bus Market, By Region, Thousand Units (2013-2016)
Table 11 Global Parallel Hybrid Bus Market, By Region, Thousand Units (2017-2025)
Table 12 Global Series Parallel Hybrid Bus Market, By Region, Thousand Units (2013-2016)
Table 13 Global Series Parallel Hybrid Bus Market, By Region, Thousand Units (2017-2025)
Table 14 Global Series Hybrid Bus Market, By Region, Thousand Units (2013-2016)
Table 15 Global Series Hybrid Bus Market, By Region, Thousand Units (2017-2025)
Table 16 Global Electric Bus Market, By Size, Thousand Units (2013-2016)
Table 17 Global Electric Bus Market, By Size, Thousand Units (2017-2025)
Table 18 Global Above 10 Meters Electric Bus Market, By Region, Thousand Units (2013-2016)
Table 19 Global Above 10 Meters Electric Bus Market, By Region, Thousand Units (2017-2025)
Table 20 Global Below 10 Meters Electric Bus Market, By Region, Thousand Units (2013-2016)
Table 21 Global Below 10 Meters Electric Bus Market, By Region, Thousand Units (2017-2025)
Table 22 Asia-Pacific Electric Bus Market, By Country, Thousand Units (2013-2016)
Table 23 Asia-Pacific Electric Bus Market, By Country, Thousand Units (2017-2025)
Table 24 Electric Vehicle Subsidies In India
Table 25 Asia-Pacific Electric Bus Market, By Technology, Thousand Units (2013-2016)
Table 26 Asia-Pacific Electric Bus Market, By Technology, Thousand Units (2017-2025)
Table 27 Asia-Pacific Electric Bus Market, By Size, Thousand Units (2013-2016)
Table 28 Asia-Pacific Electric Bus Market, By Size, Thousand Units (2017-2025)
Table 29 North America Electric Bus Market, By Country, Thousand Units (2013-2016)
Table 30 North America Electric Bus Market, By Country, Thousand Units (2017-2025)
Table 31 North America Electric Bus Market, By Technology, Thousand Units (2013-2016)
Table 32 North America Electric Bus Market, By Technology, Thousand Units (2017-2025)
Table 33 North America Electric Bus Market, By Size, Thousand Units (2013-2016)
Table 34 North America Electric Bus Market, By Size, Thousand Units (2017-2025)
Table 35 Europe Electric Bus Market, By Country, Thousand Units (2013-2016)
Table 36 Europe Electric Bus Market, By Country, Thousand Units (2017-2025)
Table 37 Major Bidders For Electric Buses Under The Green Bus Fund In The U.K.
Table 38 Europe Electric Bus Market, By Technology, Thousand Units (2013-2016)
Table 39 Europe Electric Bus Market, By Technology, Thousand Units (2017-2025)
Table 40 Europe Electric Bus Market, By Size, Thousand Units (2013-2016)
Table 41 Europe Electric Bus Market, By Size, Thousand Units (2017-2025)
Table 42 Row Electric Bus Market, By Country, Thousand Units (2013-2016)
Table 43 Row Electric Bus Market, By Country, Thousand Units (2017-2025)
Table 44 Row Electric Bus Market, By Technology, Thousand Units (2013-2016)
Table 45 Row Electric Bus Market, By Technology, Thousand Units (2017-2025)
Table 46 Row Electric Bus Market, By Size, Thousand Units (2013-2016)
Table 47 Row Electric Bus Market, By Size, Thousand Units (2017-2025)
Table 48 Zhengzhou Yutong Group Co. Ltd.-Key Facts
Table 49 King Long United Automotive Industry Co. Ltd.- Key Facts
Table 50 Byd Company Limited-Key Facts
Table 51 Proterra Inc.- Key Facts
Table 52 Ab Volvo-Key Facts
Table 53 Daimler Ag- Key Facts
Table 54 Solaris Bus & Coach S.A-Key Facts
Table 55 Zhongtong Bus & Holding Co. Ltd-Key Facts
Table 56 Products And Services Of Zhongtong Bus & Holding Co., Ltd
Table 57 Ashok Leyland, Ltd.- Key Facts
Table 58 Ebusco-Key Facts
Table 59 Alexander Dennis Limited- Key Facts
Table 60 Shenzhen Wuzhoulong Motors Co. Ltd.-Key Facts

List Of Figures
Fig 1 Research Scope For Global Electric Bus Market
Fig 2 Research Methodology For Global Electric Bus Market
Fig 3 Regional Split Of Primary And Secondary Research For Global Electric Bus Market
Fig 4 Breakdown Of Primary Research By Region
Fig 5 Data Triangulation Approach For Global Electric Bus Market
Fig 6 Electric Bus Market Summary
Fig 7 Value Chain Analysis Of Electric Bus Market
Fig 8 Porters Five Forces Analysis For Global Electric Bus Market
Fig 9 Global Electric Bus Market Split, By Technology (2016 And 2025)
Fig 10 Global Electric Bus Market, By Technology, Thousand Units (2013-2025)
Fig 11 Global Pure Electric Bus Market, By Region, Thousand Units (2013-2025)
Fig 12 Global Parallel Hybrid Bus Market, By Region, Thousand Units (2013-2025)
Fig 13 Global Series Parallel Hybrid Bus Market, By Region, Thousand Units (2013-2025)
Fig 14 Global Series Hybrid Bus Market, By Region, Thousand Units (2013-2025)
Fig 15 Global Electric Bus Market Split, By Size (2016 And 2025)
Fig 16 Global Electric Bus Market, By Size, Thousand Units (2013-2025)
Fig 17 Global Above 10 Meters Electric Bus Market, By Region, Thousand Units (2013-2025)
Fig 18 Global Below 10 Meters Electric Bus Market, By Region, Thousand Units (2013-2025)
Fig 19 Asia-Pacific Electric Bus Market Snapshot
Fig 20 Asia-Pacific Electric Bus Market, By Country, Thousand Units (2013-2022)
Fig 21 China Electric Bus Market Growth (2013-2025)
Fig 22 India Electric Bus Market Growth (2013-2025)
Fig 23 Asia-Pacific Electric Bus Market, By Technology, Thousand Units (2013-2025)
Fig 24 Asia-Pacific Electric Bus Market, By Size, Thousand Units (2013-2025)
Fig 25 North America Electric Bus Market Snapshot
Fig 26 North America Electric Bus Market, By Country, Thousand Units (2013-2022)
Fig 27 U.S. Electric Bus Market Growth (2013-2025)
Fig 28 Canada Electric Bus Market Growth (2013-2025)
Fig 29 North America Electric Bus Market, By Technology, Thousand Units (2013-2025)
Fig 30 North America Electric Bus Market, By Size, Thousand Units (2013-2025)
Fig 31 Europe Electric Bus Market Snapshot
Fig 32 Europe Electric Bus Market, By Country, Thousand Units (2013-2022)
Fig 33 U.K. Electric Bus Market Growth (2013-2025)
Fig 34 Netherlands Electric Bus Market Growth (2013-2025)
Fig 35 France Electric Bus Market Growth (2013-2025)
Fig 36 Germany Electric Bus Market Growth (2013-2025)
Fig 37 Europe Electric Bus Market, By Technology, Thousand Units (2013-2025)
Fig 38 Europe Electric Bus Market, By Size, Thousand Units (2013-2025)
Fig 39 Row Electric Bus Market Snapshot
Fig 40 Row Electric Bus Market, By Country, Thousand Units (2013-2022)
Fig 41 Brazil Electric Bus Market Growth (2013-2025)
Fig 42 Row Electric Bus Market, By Technology, Thousand Units (2013-2025)
Fig 43 Row Electric Bus Market, By Size, Thousand Units (2013-2025)
Fig 44 Presence Of Key Players In The Global Electric Bus Market (2016)
Fig 45 Global Electric Bus Market Share, By Company (2016)
Fig 46 Recent Activities Of Major Players
Fig 47 Product Benchmarking
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  • AB Volvo
  • BYD Company Limited
  • Daimler AG
  • EBUSCO
  • King Long United Automotive Industry Co. Ltd.
  • Proterra Inc.
  • Shenzhen Wuzhoulong Motors Co. Ltd
  • Solaris Bus & Coach S.A.
  • Strategic Growth Plans
  • Zhengzhou Yutong Group Co. Ltd.
  • Zhongtong Bus & Holding Co. Ltd.
Note: Product cover images may vary from those shown
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