Global Electric Bus Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Automotive & TransportationPublished Date : February 7th, 2018
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The sale of global electric bus market is expected to reach 92,145 units in 2024, at a CAGR of 30.2% from 2018 to 2024. The electric bus market across the world is mainly driven by rapid urbanization and innovation in transportation sector. The years used for the assessment are as follows;

  • Historical year   : 2014, 2015, 2016
  • Base year            : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources.
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them.
  • Study of past trends in the market and their year on year Impact on the market size and share.
  • Analyzing the collected data points.
  • Bridging the data points to calculate the total electric bus market and it various segments.
  • Anticipating potential risks.
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the electric bus market.
  • Finalizing the overall size and share for the global electric bus market.

OBJECTIVES:

  • To classify the global electric bus market into segments by technology, component, vehicle type, market type, power supply range, application, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the electric bus market.
  • Profiling key companies operating in the global electric bus market.
  • To study the market entry strategy.
  • To understand the value chain analysis.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global electric bus market is as follows:

By Product Type

  • Purely Electric
  • Hybrid Electric
  • Plug-in Electric bus

By Technology

  • Autonomous
  • Non-Autonomous 

By Size

  • Above 10m
  • Below 10m 

By End User

  • Government
  • Fleet Owners
  • Others 

By Region 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the world

The global electric bus sale is growing significantly and is expected to reach 92,145 units by 2024, expanding at a CAGR of 30.2% from 2018 to 2024. The key factor driving the growth of the electric bus markets is increasing use of electric vehicles to eliminate harmful carbon dioxide emission. Moreover, rising pollution concerns, rapid urbanization and innovation in transportation sector drives the growth of electric bus market across the globe.

Globally demand for electric bus has increased significantly, as many countries are focusing on adopting electric vehicles as a public transport. Government initiatives to switch to zero emission buses are creating a significant opportunity for many automotive OEMs. Increasing focus on renewable technologies and venturing of many competitors are the current market trends that would propel the growth of the electric bus market.

Purely electric segment is estimated to grow at a significant rate due to public interest and government initiatives in emission free transportation. The sales of above 10m buses are expected to increase compared to below 10m in size.

Geographically, Asia-Pacific is the leading market for electric buses and is expected to continue its dominance in the global electric bus market over the forecast period. The need for clean transportation is expected to drive the electric bus market in the Asia-Pacific.

The key players in global wireless EV charging market include Ashok Leyland, Proterra, Solaris, Zhongtong, BYD Company Limited, Ebusco, Alexander D     ennis, Yutong Group, AB volvo, Shenzhen Wuzoulong, among others.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market breakdown, By Product Type

1.2.2. Market breakdown, By Technology

1.2.3. Market breakdown, By Size

1.2.4. Market breakdown, By End User

1.2.5. Market breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Opportunities

2.2.1.1. Opportunity for global players rendering services across many regions around the globe

2.2.1.2. Emerging economies offering pool of opportunity for growth of electric bus market

2.2.2. Trends

2.2.2.1. Many competitors are venturing in the global market

2.2.2.2. Increasing number of products by several electric bus manufacturers

2.2.2.3. Increasing investment across the globe

2.2.3. Growth Drivers

2.2.3.1. Rising pollution concerns and greenhouse gas emission

2.2.3.2. Rapid urbanization and innovation in transportation sector

2.2.3.3. Government initiatives to switch from clean energy buses to zero emission buses

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

2.2.5.1. High popularity of natural gas fuelled buses

2.2.5.2. Higher purchasing cost of electric buses

2.2.5.3. lack of direct state subsidies

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Electric Bus Market Size and Forecast (2014 – 2024)

4.1. Global Electric Bus Market, By Product Type

4.1.1. Purely Electric

4.1.2. Hybrid Electric

4.1.3. Plug-in Electric Buses

4.2. Global Electric Bus Market, By Technology

4.2.1. Autonomous

4.2.2. Non-Autonomous

4.3. Global Electric Bus Market, By Size

4.3.1. Above 10m

4.3.2. Below 10m

4.4. Global Electric Bus Market, By End User

4.4.1. Government

4.4.2. Fleet Owners

4.4.3. Others

4.5. Global Electric Bus Market, By Region

4.5.1. North America

4.5.2. Europe

4.5.3. Asia-Pacific

4.5.4. Rest of the World

CHAPTER 5. Global Electric Bus Market, By Geography

5.1. North America Electric Bus Market

5.1.1. North America Electric Bus Market, By Product Type (Thousands Units)

5.1.2. North America Electric Bus Market, By Product Type (USD Million)

5.1.3. North America Electric Bus Market, By Technology (USD Million)

5.1.4. North America Electric Bus Market, By Size (Thousands Units)

5.1.5. North America Electric Bus Market, By Size (USD Million)

5.1.6. North America Electric Bus Market, By End User (Thousands Units)

5.1.7. North America Electric Bus Market, By End User (USD Million)

5.1.8. North America Electric Bus Market, By Country

5.1.8.1. The U.S.

5.1.8.1.1. U.S. Electric Bus Market Size (Thousand Units)

5.1.8.1.2. U.S. Electric Bus Market Size (USD Million)

5.1.8.2. Canada

5.1.8.2.1. Canada Electric Bus Market Size (Thousands Units)

5.1.8.2.2. Canada Electric Bus Market Size (USD Million)

5.1.8.3. Mexico

5.1.8.3.1. Mexico Electric Bus Market Size (Thousands Units)

5.1.8.3.2. Mexico Electric Bus Market Size (USD Million)

5.2. Europe Electric Bus Market

5.2.1. Europe Electric Bus Market, By Product Type (Thousands Units)

5.2.2. Europe Electric Bus Market, By Product Type (USD Million)

5.2.3. Europe Electric Bus Market, By Technology (USD Million)

5.2.4. Europe Electric Bus Market, By Size (Thousands Units)

5.2.5. Europe Electric Bus Market, By Size (USD Million)

5.2.6. Europe Electric Bus Market, By End User (Thousands Units)

5.2.7. Europe Electric Bus Market, By End User (USD Million)

5.2.8. Europe Electric Bus Market, By Country

5.2.8.1. Germany

5.2.8.1.1. Germany Electric Bus Market Size (Thousand Units)

5.2.8.1.2. Germany Electric Bus Market Size (USD Million)

5.2.8.2. France

5.2.8.2.1. Germany Electric Bus Market Size (Thousand Units)

5.2.8.2.2. Germany Electric Bus Market Size (USD Million)

5.2.8.3. The U.K.

5.2.8.3.1. U.K. Electric Bus Market Size (Thousand Units)

5.2.8.3.2. U.K. Electric Bus Market Size (USD Million)

5.2.8.4. Rest of Europe

5.2.8.4.1. Rest of The Europe Electric Bus Market Size (Thousand Units)

5.2.8.4.2. Rest of The Europe Electric Bus Market Size (USD Million)

5.3. Asia-Pacific Electric Bus Market

5.3.1. Asia-Pacific Electric Bus Market, By Product Type (Thousand Units)

5.3.2. Asia-Pacific Electric Bus Market, By Product Type (USD Million)

5.3.3. Asia-Pacific Electric Bus Market, By Technology (USD Million)

5.3.4. Asia-Pacific Electric Bus Market, By Size (Thousand Units)

5.3.5. Asia-Pacific Electric Bus Market, By Size (USD Million)

5.3.6. Asia-Pacific Electric Bus Market, By End User (Thousand Units)

5.3.7. Asia-Pacific Electric Bus Market, By End User (USD Million)

5.3.8. Asia-Pacific Electric Bus Market, By Country

5.3.8.1. China

5.3.8.1.1. China Electric Bus Market Size (Thousand Units)

5.3.8.1.2. China Electric Bus Market Size (USD Million)

5.3.8.2. Japan

5.3.8.2.1. Japan Electric Bus Market Size (Thousand Units)

5.3.8.2.2. Japan Electric Bus Market Size (USD Million)

5.3.8.3. India

5.3.8.3.1. India Electric Bus Market Size (Thousand Units)

5.3.8.3.2. India Electric Bus Market Size (USD Million)

5.3.8.4. Rest of Asia-Pacific

5.3.8.4.1. Rest of Asia-Pacific Electric Bus Market Size (Thousand Units)

5.3.8.4.2. Rest of Asia-Pacific Electric Bus Market Size (USD Million)

5.4. Rest of the World (RoW) Electric Bus Market

5.4.1. Rest of the World (RoW) Electric Bus Market, By Product Type (Thousand units)

5.4.2. Rest of the World (RoW) Electric Bus Market, By Product Type (USD million)

5.4.3. Rest of the World (RoW) Electric Bus Market, By Technology (USD million)

5.4.4. Rest of the World (RoW) Electric Bus Market, By Size (Thousand units)

5.4.5. Rest of the World (RoW) Electric Bus Market, By Size (USD million)

5.4.6. Rest of the World (RoW) Electric Bus Market, By End User (Thousand units)

5.4.7. Rest of the World (RoW) Electric Bus Market, By End User (USD million)

CHAPTER 6. Key Players and Strategic Developments

6.1. Ashok Leyland

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Proterra

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. Solaris

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. Zhongtong

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. BYD Company Limited

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Development

6.6. Ebusco

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Alexander Dennis

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. Yutong Group

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. AB Volvo

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Shenzhen Wuzhoulong

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

6.11. King Long

6.11.1. Business Overview

6.11.2. Product and Service Offering

6.11.3. Financial Overview

6.11.4. Strategic Developments

Global Electric Bus Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation Forecast 2024