Canada Electric Bus Market 2019-2025

Canada electric bus market is estimated to grow at a considerable CAGR during the forecast period. The on-going piolet projects related to the efficiency of the electric buses in the country to drive its market growth. In July 2019, Brampton, a city in Ontario had received more than $11 million toward Phase 1 of a state-of-the-art electric bus pilot project. Around $7.6 million will go toward the deployment of the buses and overhead chargers, while $3.6 million will come from Natural Resources Canada's Green Infrastructure Program to facilitate the city to install, operate and maintain the buses and chargers. Such funds provided for the deployment of electric buses in the country tend to drive the growth of the electric bus market in Canada.

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 market share of these batteries. Based on end-user, the market is sub-segmented into government and fleet owners.

Proterra Inc., BYD Co. Ltd., COBUS Industries GmbH, Cummins Inc, and GILLIG LLC among others are the key players operating in the Canadian electric bus market. These players are actively adopting growth strategies such as mergers andacquisitions, geographical expansion, and new product launches to stay competitive in the market. For instance, in June 2019, BYD Co. Ltd. BYD expanded its North American operations with the opening of its first bus assembly plant in Ontario, Canada. The 45,000square-foot facility in Newmarket is the first new electric bus plant to open in the city. The building of this bus assembly is aimed at fulfilling the growing demand for electric buses in the country.

Research Methodology

The market study of the Canada 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. Canada Electric Bus Market Research and Analysis by Bus type

2. Canada Electric Bus Market Research and Analysis by Battery Type

3. Canada Electric Bus Market Research and Analysis by End-User

The Report covers:

Comprehensive research methodology of the Canada 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 Canada Electric Bus market.

Insights about market determinants which are stimulating the Canada Electric Bus market.

Detailed and extensive market segments with regional distribution of forecasted revenues.

Extensive profiles and recent developments of market players.