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Electric Bus Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5766872
The electric bus market size has grown rapidly in recent years. It will grow from $33.04 billion in 2023 to $37.17 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth observed in the historical period can be attributed to manufacturing scale and production sophistication, public awareness and perception, improvements in charging infrastructure, economic viability and cost reduction, and rising urbanization and congestion.

The electric bus market size is expected to see rapid growth in the next few years. It will grow to $57.51 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The anticipated growth in the forecast period can be attributed to market demand and acceptance, the development of charging infrastructure, improvements in manufacturing cost, and the rising demand for sustainable transport. Major trends in the forecast period include government incentives and policies, technological advancements in battery technology, rising urbanization and air quality concerns, cost reduction in battery production, and the demand for sustainable mobility solutions.

Proactive government initiatives aimed at promoting the use of e-buses present lucrative growth opportunities for the electric bus market. Governments globally are initiating programs to enhance the sustainability and fuel efficiency of urban public transportation through the integration of electric buses. For example, in December 2021, the NITI Aayog (National Institution for Transforming India), the policy think tank of the Government of India, launched e-Sawaari, India Electric Bus Coalition. This collaborative effort involved partnerships with Convergence Energy Service Limited (CESL) and the World Resources Institute, India (WRI India), with support from the Transformative Urban Mobility Initiative (TUMI). The coalition's objective is to facilitate the sharing of knowledge and lessons learned from the adoption of e-buses in India among various stakeholders. This includes central and state governments, city-level government agencies, financing institutions, transit service providers, ancillary service providers, and original equipment manufacturers (OEMs). Consequently, government initiatives are poised to bolster electric bus services, thereby driving the growth of the electric bus market in the foreseeable future.

The anticipated growth of the electric bus market is expected to be propelled by the increasing levels of greenhouse gas (GHG) emissions. Greenhouse gas emissions involve the release of gases such as carbon dioxide (CO2), methane (CH4), and nitrous oxide (N2O) into the atmosphere, contributing to the trapping of heat and climate change. Electric buses, especially those powered by renewable energy sources such as solar or wind power, offer a significant advantage in combating this issue. By replacing fossil fuels with renewable energy, electric buses can substantially reduce greenhouse gas emissions compared to their diesel counterparts. For example, in October 2022, the U.S. Environmental Protection Agency (EPA) reported a 1.1% increase in global greenhouse gas emissions from the previous year, reaching 50.6 gigatons of CO2-equivalent. This rise followed a rebound above pre-pandemic levels, with seven economies contributing to nearly two-thirds of global emissions. The United States also saw a 1.2% increase in GHG emissions from large industrial sources compared to 2021, highlighting the persistent challenge of curbing GHG emissions worldwide.

The electric bus market is witnessing a significant focus on technological advancements. Companies producing electric buses are actively investing in technology to optimize passenger capacity and increase the operational efficiency of electric buses, ensuring economic viability and sustainability for the future. As an example, in January 2022, the Valley Transportation Authority (VTA) implemented an innovative clean energy microgrid and electric vehicle (EV) fleet charging system. This initiative aligns with California's target of achieving a fully zero-emission bus fleet by 2040. The $3 million project aimed to pioneer and showcase advanced charging controls, reduce expenses, and support VTA's overarching strategy for the comprehensive electrification of its bus fleet.

Leading companies in the electric bus market are actively engaged in developing cutting-edge products incorporating advanced technologies, such as autonomous driving technologies, to deliver dependable services to their customers. Autonomous driving technologies encompass a combination of hardware, software, and algorithms that empower a vehicle to navigate and operate in its environment without human intervention. A case in point is Switch Mobility, which, in February 2022, introduced the SWITCH EiV 12, a next-generation electric bus platform launched in India in June 2022. Tailored for the Indian market, this platform features two variants: the EiV 12 low floor and the EiV 12 standard. The SWITCH EiV 12 is equipped with proprietary connected technology solutions, 'switch iON', facilitating remote, real-time diagnostics and monitoring services, along with digital battery management tools. The platform draws from a wealth of experience, having covered 50 million electric kilometers globally.

In May 2021, Lion Electric Company, a Canadian manufacturer specializing in all-electric medium and heavy-duty urban vehicles, executed a merger with Northern Genesis Acquisition Corp. The deal, valued at $490 million, aims to reinforce Lion's dominant position in the all-electric medium and heavy-duty urban vehicle market. The funds will support various initiatives, including the construction of a cutting-edge vehicle production plant in the United States, ongoing advancements in battery systems, the establishment of a highly automated battery system assembly factory, and other general corporate purposes. Northern Genesis Acquisition Corp., a Canadian acquisition company, focuses on activities related to the stock exchange, acquisition, and merging of two or more businesses.

Major companies operating in the electric bus market report are BYD Co. Ltd., Tata Motors Limited, Zhengzhou Yutong Bus Co. Ltd., Scania AB, Dongfeng Motor Corporation, MAN Truck & Bus AG, Sinotruk Hong Kong Limited, Foton Motor Group, VDL Groep, Ashok Leyland Limited, NFI Group Inc., Blue Bird Corporation, Solaris Bus & Coach S.A., Gillig LLC, New Flyer of America Inc., Eicher Motors Limited, Alexander Dennis Limited, JBM Auto Limited, King Long United Automotive Industry Co. Ltd., Zhongtong Bus & Holding Company Limited, Proterra lnc., Nanjing Golden Dragon Bus Manufacturing Co. Ltd., Ebusco, The CAF Group incorporates, GreenPower Motor Company Inc., The Volvo Group, Deccan Auto Limited, Daimler AG, Higer Bus Company Limited, Motiv Power Systems Inc., Zhuhai Guangtong Automobile Co. Ltd., Shenzhen Wuzhoulong Motors Co. Ltd., Olectra Greentech Limited, Xiamen King Long United Automotive Industry Co. Ltd., Yaxing Motor Coach Co. Ltd.

Asia-Pacific was the largest region in the electric bus market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the electric bus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electric bus market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electric buses come in three main types such as battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. Battery electric vehicles, equipped with rechargeable batteries and devoid of a gasoline engine, rely solely on the battery pack for energy, which is recharged from the grid. These batteries can be of various types, such as lithium-nickel-manganese-cobalt-oxide, lithium-iron-phosphate, and others. The range of these vehicles varies, with some covering less than 200 miles and others exceeding 200 miles, depending on battery capacity. Electric buses can have a battery capacity ranging up to 400 kWh and even surpassing 400 kWh, depending on the specific battery used. These buses find applications in both intercity and intracity transport scenarios.

The electric bus market research report is one of a series of new reports that provides electric bus market statistics, including electric bus industry global market size, regional shares, competitors with an electric bus market share, detailed electric bus market segments, market trends and opportunities, and any further data you may need to thrive in the electric bus industry. This electric bus market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The electric bus market consists of sales of battery-powered all-electric buses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Electric Bus Market Characteristics3. Electric Bus Market Trends and Strategies
4. Electric Bus Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Electric Bus Market Size and Growth
5.1. Global Electric Bus Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Electric Bus Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Electric Bus Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Electric Bus Market Segmentation
6.1. Global Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Battery Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Fuel Cell Electric Vehicle
6.2. Global Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Lithium-Nickel-Manganese-Cobalt-Oxide
  • Lithium-Iron-Phosphate
  • Other Battery Types
6.3. Global Electric Bus Market, Segmentation by Vehicle Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Less Than 200 Miles
  • Above 200 Miles
6.4. Global Electric Bus Market, Segmentation by Battery Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Upto 400 kWh
  • Above 400 kWh
6.5. Global Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Intercity
  • Intracity
7. Electric Bus Market Regional and Country Analysis
7.1. Global Electric Bus Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Electric Bus Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Electric Bus Market
8.1. Asia-Pacific Electric Bus Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Electric Bus Market
9.1. China Electric Bus Market Overview
9.2. China Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Electric Bus Market
10.1. India Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Electric Bus Market
11.1. Japan Electric Bus Market Overview
11.2. Japan Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Electric Bus Market
12.1. Australia Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Electric Bus Market
13.1. Indonesia Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Electric Bus Market
14.1. South Korea Electric Bus Market Overview
14.2. South Korea Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Electric Bus Market
15.1. Western Europe Electric Bus Market Overview
15.2. Western Europe Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Electric Bus Market
16.1. UK Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Electric Bus Market
17.1. Germany Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Electric Bus Market
18.1. France Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Electric Bus Market
19.1. Italy Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Electric Bus Market
20.1. Spain Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Electric Bus Market
21.1. Eastern Europe Electric Bus Market Overview
21.2. Eastern Europe Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Electric Bus Market
22.1. Russia Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Electric Bus Market
23.1. North America Electric Bus Market Overview
23.2. North America Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Electric Bus Market
24.1. USA Electric Bus Market Overview
24.2. USA Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Electric Bus Market
25.1. Canada Electric Bus Market Overview
25.2. Canada Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Electric Bus Market
26.1. South America Electric Bus Market Overview
26.2. South America Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Electric Bus Market
27.1. Brazil Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Electric Bus Market
28.1. Middle East Electric Bus Market Overview
28.2. Middle East Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Electric Bus Market
29.1. Africa Electric Bus Market Overview
29.2. Africa Electric Bus Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Electric Bus Market, Segmentation by Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Electric Bus Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Electric Bus Market Competitive Landscape and Company Profiles
30.1. Electric Bus Market Competitive Landscape
30.2. Electric Bus Market Company Profiles
30.2.1. BYD Co. Ltd.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Tata Motors Limited
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Zhengzhou Yutong Bus Co. Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Scania AB
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Dongfeng Motor Corporation
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Electric Bus Market Other Major and Innovative Companies
31.1. MAN Truck & Bus AG
31.2. Sinotruk Hong Kong Limited
31.3. Foton Motor Group
31.4. VDL Groep
31.5. Ashok Leyland Limited
31.6. NFI Group Inc.
31.7. Blue Bird Corporation
31.8. Solaris Bus & Coach S.A.
31.9. Gillig LLC
31.10. New Flyer of America Inc.
31.11. Eicher Motors Limited
31.12. Alexander Dennis Limited
31.13. JBM Auto Limited
31.14. King Long United Automotive Industry Co. Ltd.
31.15. Zhongtong Bus & Holding Company Limited
32. Global Electric Bus Market Competitive Benchmarking33. Global Electric Bus Market Competitive Dashboard34. Key Mergers and Acquisitions in the Electric Bus Market
35. Electric Bus Market Future Outlook and Potential Analysis
35.1 Electric Bus Market in 2028 - Countries Offering Most New Opportunities
35.2 Electric Bus Market in 2028 - Segments Offering Most New Opportunities
35.3 Electric Bus Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Electric Bus Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electric bus market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for electric bus? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Battery Electric Vehicle; Plug-In Hybrid Electric Vehicle; Fuel Cell Electric Vehicle
2) By Battery Type: Lithium-Nickel-Manganese-Cobalt-Oxide; Lithium-Iron-Phosphate; Other Battery Types
3) By Vehicle Range: Less Than 200 Miles; Above 200 Miles
4) By Battery Capacity: Upto 400 kWh; Above 400 kWh
5) By Application: Intercity; Intracity

Key Companies Mentioned: BYD Co. Ltd.; Tata Motors Limited; Zhengzhou Yutong Bus Co. Ltd.; Scania AB; Dongfeng Motor Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BYD Co. Ltd.
  • Tata Motors Limited
  • Zhengzhou Yutong Bus Co. Ltd.
  • Scania AB
  • Dongfeng Motor Corporation
  • MAN Truck & Bus AG
  • Sinotruk Hong Kong Limited
  • Foton Motor Group
  • VDL Groep
  • Ashok Leyland Limited
  • NFI Group Inc.
  • Blue Bird Corporation
  • Solaris Bus & Coach S.A.
  • Gillig LLC
  • New Flyer of America Inc.
  • Eicher Motors Limited
  • Alexander Dennis Limited
  • JBM Auto Limited
  • King Long United Automotive Industry Co. Ltd.
  • Zhongtong Bus & Holding Company Limited
  • Proterra lnc.
  • Nanjing Golden Dragon Bus Manufacturing Co. Ltd.
  • Ebusco
  • The CAF Group incorporates
  • GreenPower Motor Company Inc.
  • The Volvo Group
  • Deccan Auto Limited
  • Daimler AG
  • Higer Bus Company Limited
  • Motiv Power Systems Inc.
  • Zhuhai Guangtong Automobile Co. Ltd.
  • Shenzhen Wuzhoulong Motors Co. Ltd.
  • Olectra Greentech Limited
  • Xiamen King Long United Automotive Industry Co. Ltd.
  • Yaxing Motor Coach Co. Ltd.

Methodology

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