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U.S. Electric Bus Market by Vehicle Type (BEB, PHEB, HEB), by Length (> 40 feet, < 40 feet), by Battery (Li-Ion, NiMH), by Charging Type (Plug-In, Pantograph, Inductive) - Market Size, Share, Development, Growth, and Demand Forecast, 2015-2024

  • ID: 4759659
  • Report
  • Region: United States
  • 101 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Blue Bird Corporation
  • BYD Motors Inc.
  • Gillig LLC
  • NFI Group Inc.
  • Nova Bus Corporation
  • Proterra Inc.
  • MORE
The size of the U.S. electric bus market is estimated to be $1,948.5 million in 2024. It is also being expected that the market will advance with a 18.5% CAGR during the forecast period. The factors driving the progress of the market are regional, federal, and state incentive programs and grants. Similarly, low ownership and maintenance cost of e-buses, especially battery electric buses (BEB), are anticipated to help the market advance during the forecast period.

On the basis of vehicle type, the U.S. electric bus market has been divided into plug–in hybrid electric bus (PHEB), BEB, and hybrid electric bus (HEB). In the historical period, HEB dominated the market, however, the BEB type is estimated to see the fastest growth in the future because of declining battery prices and growing range of such buses.

Now, coming to charging type, the U.S. electric bus market is classified into pantograph, inductive, and plug-in. Out of these, plug-in was the largest category in 2017, holding more than 75.0% revenue share because of its early adoption for personal transport vehicles. However, during the forecast period, the inductive category is predicted to be grow the fastest in the country.

Currently, two kinds of BEBs are available in the U.S. electric bus market: a short-range bus with a small on-board battery which requires on-route charging more frequently, and an extended-range bus with a large battery designed to be charged slowly overnight (depot-charge BEB). Earlier, on-route charge buses dominated the market, but now, depot-charge buses are being demanded more, as these have quite similar performance figures to a diesel bus.

With improvements in battery technology, the range of depot-charge buses is improving, thus enabling longer route coverage. Furthermore, major BEB manufactures are introducing new models with an increased range, thereby, backing the growth of depot-charge bus sales. This is how, the increasing adoption of these buses as compared to on-route charge models have become a recent trend in the U.S. electric bus market.

According to the National Transit Database, around 38.0% of the operational diesel buses in the country were manufactured before 2007; that was the year when the more-strict diesel standards came into effect. An additional 10.5% of the buses in the U.S. were manufactured between 2007 and 2010. As these have not been rebuilt, these might not meet the current standards for hydrocarbon and nitrogen oxide emission. During the forecast period, e-buses are predicted to replace all the conventional ones, and the replacement of old busies offers lucrative growth opportunities to the players in the U.S. electric bus market.

U.S. Electric Bus Market Segmentation

By Vehicle Type
  • BEB
  • PHEB
  • HEB
By Length
  • >40 Feet
  • < 40 Feet
By Battery
  • Lithium-Ion (Li-Ion)
  • Nickel-Metal Hydride (NiMH)
  • Others
By Charging Type
  • Plug-In
  • Pantograph
  • Inductive
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Blue Bird Corporation
  • BYD Motors Inc.
  • Gillig LLC
  • NFI Group Inc.
  • Nova Bus Corporation
  • Proterra Inc.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Vehicle Type
1.3.2 Market Segmentation by Length
1.3.3 Market Segmentation by Battery
1.3.4 Market Segmentation by Charging Type
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.3.6.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Vehicle Type
4.1.1.1 BEB
4.1.1.2 PHEB
4.1.1.3 HEB
4.1.2 By Length
4.1.2.1 > 40 feet
4.1.2.2 < 40 feet
4.1.3 By Battery
4.1.3.1 Li-ion
4.1.3.2 NiMH
4.1.3.3 Others
4.1.4 By Charging Type
4.1.4.1 Plug-In
4.1.4.2 Pantograph
4.1.4.3 Inductive
4.2 Value Chain Analysis
4.3 Electric Bus Funding Scenario
4.4 Market Dynamics
4.4.1 Trends
4.4.1.1 Growing preference for depot charge buses over on-route charge buses
4.4.1.2 Increasing government initiatives
4.4.2 Drivers
4.4.2.1 Environmental benefits
4.4.2.2 Stricter regulatory measures to reduce emissions
4.4.2.3 Long-term economic benefits to transit agencies
4.4.2.4 Availability of local, state, and federal funding toward zero-emission buses
4.4.2.5 Falling battery costs and improving operational efficiencies
4.4.2.6 Impact analysis of drivers on market forecast
4.4.3 Restraints
4.4.3.1 High capital costs of the buses and infrastructure
4.4.3.2 Limited infrastructure and value chain ecosystem
4.4.3.3 Impact analysis of restraints on market forecast
4.4.4 Opportunities
4.4.4.1 School buses
4.4.4.2 Increasing replacement sales
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Intensity of Rivalry
4.5.5 Threat of Substitutes

Chapter 5. U.S. Market Size and Forecast
5.1 By Vehicle Type
5.2 By Length
5.3 By Battery
5.4 By Charging Type

Chapter 6. Major Electric Bus Deployment Initiative in U.S.
6.1 Electric Buses in Service and On-Order by State

Chapter 7. Policy and Regulatory Landscape for Electric Bus
7.1 Electric Buses
7.1.1 Overview
7.1.2 Incentive Schemes and Programs
7.1.2.1 Alabama
7.1.2.2 California
7.1.2.3 Colorado
7.1.2.4 Maryland
7.1.2.5 Massachusetts
7.1.2.6 Minnesota
7.1.2.7 Missouri
7.1.2.8 Nevada
7.1.2.9 New York
7.1.2.10 Ohio
7.1.2.11 Pennsylvania
7.1.2.12 Rhode Island
7.1.2.13 Texas
7.1.2.14 Utah
7.1.2.15 Virginia
7.1.2.16 Washington
7.2 Electric Bus Projects in the Pipeline

Chapter 8. Competitive Landscape
8.1 Market Share Analysis of Key Players
8.2 Product Benchmarking of Key Players

Chapter 9. Company Profiles
9.1 Proterra Inc.
9.1.1 Business Overview
9.1.2 Product and Service Offerings
9.2 BYD Motors Inc.
9.2.1 Business Overview
9.2.2 Product and Service Offerings
9.3 NFI Group Inc.
9.3.1 Business Overview
9.3.2 Product and Service Offerings
9.3.3 Key Financial Summary
9.4 GreenPower Motor Company Inc.
9.4.1 Business Overview
9.4.2 Product and Service Offerings
9.4.3 Key Financial Summary
9.5 Gillig LLC
9.5.1 Business Overview
9.5.2 Product and Service Offerings
9.6 Blue Bird Corporation
9.6.1 Business Overview
9.6.2 Product and Service Offerings
9.6.3 Key Financial Summary
9.7 Nova Bus Corporation
9.7.1 Business Overview
9.7.2 Product and Service Offerings
9.8 The Lion Electric Co.
9.8.1 Business Overview
9.8.2 Product and Service Offerings

Chapter 10. Appendix
10.1 Abbreviations
10.2 Sources and References
10.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 MANUFACTURERS’ MAINTENANCE SAVINGS CLAIMS
TABLE 3 BATTERY PRICE TRENDS (2016–2024)
TABLE 4 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 5 PRICE COMPARISON OF BEB AND HEB WITH DIESEL AND CNG BUS, $
TABLE 6 ELECTRIC BUS CHARGING INFRASTRUCTURE COST ESTIMATES
TABLE 7 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 8 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2015–2018)
TABLE 9 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2019–2024)
TABLE 10 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, $M (2015–2018)
TABLE 11 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, $M (2019–2024)
TABLE 12 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2015–2018)
TABLE 13 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2019–2024)
TABLE 14 U.S. ELECTRIC BUS MARKET, BY LENGTH, $M (2015–2018)
TABLE 15 U.S. ELECTRIC BUS MARKET, BY LENGTH, $M (2019–2024)
TABLE 16 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2015–2018)
TABLE 17 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2019–2024)
TABLE 18 U.S. ELECTRIC BUS MARKET, BY BATTERY, $M (2015–2018)
TABLE 19 U.S. ELECTRIC BUS MARKET, BY BATTERY, $M (2019–2024)
TABLE 20 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2015–2018)
TABLE 21 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2019–2024)
TABLE 22 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, $M (2015–2018)
TABLE 23 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, $M (2019–2024)
TABLE 24 LOW- OR NO-EMISSION PROJECT SELECTIONS
TABLE 25 ELECTRIC BUSES IN SERVICE AND ON-ORDER BY STATE (2018)
TABLE 26 CALIFORNIA VOLUNTARY VEHICLE RETIREMENT INCENTIVE PROGRAM
TABLE 27 NEW YORK ALTERNATIVE FUEL AND ADVANCED VEHICLE PURCHASE VOUCHER SCHEME
TABLE 28 UTAH ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
TABLE 29 WASHINGTON ALTERNATIVE FUEL COMMERCIAL VEHICLE TAX CREDIT PROGRAM
TABLE 30 ELECTRIC BUS PROJECTS IN THE PIPELINE
TABLE 31 PROTERRA INC. – AT A GLANCE
TABLE 32 BYD MOTORS INC. – AT A GLANCE
TABLE 33 NFI GROUP INC. – AT A GLANCE
TABLE 34 NFI GROUP INC. – KEY FINANCIAL SUMMARY
TABLE 35 GREENPOWER MOTOR COMPANY INC. – AT A GLANCE
TABLE 36 GREENPOWER MOTOR COMPANY INC. – KEY FINANCIAL SUMMARY
TABLE 37 GILLIG LLC – AT A GLANCE
TABLE 38 BLUE BIRD CORPORATION – AT A GLANCE
TABLE 39 BLUE BIRD CORPORATION – KEY FINANCIAL SUMMARY
TABLE 40 NOVA BUS CORPORATION – AT A GLANCE
TABLE 41 THE LION ELECTRIC CO. – AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 5 DATA TRIANGULATION APPROACH
FIG 6 U.S. ELECTRIC BUS MARKET SUMMARY
FIG 7 VALUE CHAIN ANALYSIS
FIG 8 ELECTRIC BUS FUNDING SCENARIO (2018)
FIG 9 U.S. SCHOOL BUS SALES (2009–2018)
FIG 10 PORTER’S FIVE FORCES ANALYSIS
FIG 11 BARGAINING POWER OF BUYERS
FIG 12 BARGAINING POWER OF SUPPLIERS
FIG 13 THREAT OF NEW ENTRANTS
FIG 14 INTENSITY OF RIVALRY
FIG 15 THREAT OF SUBSTITUTES
FIG 16 U.S. ELECTRIC BUS MARKET, BY VEHICLE TYPE, UNITS (2015–2024)
FIG 17 U.S. ELECTRIC BUS MARKET, BY LENGTH, UNITS (2015–2024)
FIG 18 U.S. ELECTRIC BUS MARKET, BY BATTERY, UNITS (2015–2024)
FIG 19 U.S. ELECTRIC BUS MARKET, BY CHARGING TYPE, UNITS (2015–2024)
FIG 20 U.S. BATTERY ELECTRIC BUS MARKET SHARE OF KEY PLAYERS (2018)
FIG 21 U.S. HYBRID ELECTRIC BUS MARKET SHARE OF KEY PLAYERS (2018)
FIG 22 PRODUCT BENCHMARKING OF KEY PLAYERS
FIG 23 NFI GROUP INC. – REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2017)
FIG 24 GREENPOWER MOTOR COMPANY INC. – REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 25 BLUE BIRD CORPORATION – REVENUE SPLIT BY SEGMENT (2017)
Note: Product cover images may vary from those shown
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  • Proterra Inc.
  • BYD Motors Inc.
  • NFI Group Inc.
  • GreenPower Motor Company Inc.
  • Gillig LLC
  • Blue Bird Corporation
  • Nova Bus Corporation
  • The Lion Electric Co.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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