Japan electric bus market is estimated to grow at a significant CAGR during the forecast period. The rising need to control the pollution caused due to diesel and petrol vehicle creating demand for electric vehicles such as buses for public transport in Japan, which in turn, is fueling the Japan electric bus market. Japan is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. In 2018, the country had set a target of 15-20% EV sales in Passenger Light-duty Vehicles (PLDVs) by 2020 and 20-30% by 2030, which is further supporting the deployment of the electric bus for public transports in the country, which in turn, is driving Japan electric bus market.
The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the segmental market share. Based on end-user, the market is sub-segmented into government and fleet owners.
Major market players operating in the Japan electric bus market include BYD Co. Ltd., Hino Motors Ltd., Nissan Motor Co., Ltd., and Toyota Motors, among others. These players are actively involved in adopting several growth strategies such as partnership and collaboration, geographical expansion, and new product launches to stay competitive in the Japan electric bus market. For instance, from January 2018, Nissan Motor Co., Ltd. has been working on its Nissan leaf technology to launch Yoka ECO Bus that will feature three batteries, three electric motors, and an inverter.
Research Methodology
The market study of the Japan Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research bringsauthenticity to the reports.
Secondary Sources Include:
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Japan Electric Bus Market Research and Analysis by Bus type
2. Japan Electric Bus Market Research and Analysis by Battery Type
3. Japan Electric Bus Market Research and Analysis by End-User
The Report covers:
Comprehensive research methodology of the Japan Electric Bus market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Japan Electric Bus market.
Insights about market determinants which are stimulating the Japan Electric Bus market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the segmental market share. Based on end-user, the market is sub-segmented into government and fleet owners.
Major market players operating in the Japan electric bus market include BYD Co. Ltd., Hino Motors Ltd., Nissan Motor Co., Ltd., and Toyota Motors, among others. These players are actively involved in adopting several growth strategies such as partnership and collaboration, geographical expansion, and new product launches to stay competitive in the Japan electric bus market. For instance, from January 2018, Nissan Motor Co., Ltd. has been working on its Nissan leaf technology to launch Yoka ECO Bus that will feature three batteries, three electric motors, and an inverter.
Research Methodology
The market study of the Japan Electric Bus market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research bringsauthenticity to the reports.
Secondary Sources Include:
Financial reports of companies involved in the market.
Whitepapers, research-papers, and news blogs.
Company websites and their product catalog.
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
1. Japan Electric Bus Market Research and Analysis by Bus type
2. Japan Electric Bus Market Research and Analysis by Battery Type
3. Japan Electric Bus Market Research and Analysis by End-User
The Report covers:
Comprehensive research methodology of the Japan Electric Bus market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the Japan Electric Bus market.
Insights about market determinants which are stimulating the Japan Electric Bus market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Company Profiles
LIST OF TABLES
LIST OF FIGURES
Companies Mentioned
A selection of companies mentioned in this report includes:
- BYD Co. Ltd.
- Hino Motors Ltd.
- Nissan Motor Co., Ltd.
- Toshiba Corp.
- Toyota Motors
