Electric Bus Market

Electric Bus Market by Propulsion Type (BEV, PHEV, and FCEV), Application (Intercity and Intra-city), Consumer Segment (Fleet Operators and Government), Range, Length of Bus, Power Output, Battery Capacity, Component, and Region - Global Forecast to 2027

Report Code: AT 7483 Dec, 2019, by marketsandmarkets.com

[186 Pages Report] The Global Electric Bus Market size is projected to reach 935 thousand units by 2027 from 137 thousand units in 2019, at a CAGR of 27.2%. Increasing focus of countries on promoting electrification of mass transit solutions and government support are propelling the growth of the electric bus market.

Electric Bus Market

The 9–14 m segment is estimated to lead the global electric bus market during the forecast period

In the electric bus market, by length of bus, the 9–14 m segment is projected to be the largest market during the forecast in terms of volume. The 9–14 m segment is dominating the electric bus segment due to the large volumes of electric passenger buses used in public transport fleet. Most of the public transport fleets, especially in China, which accounts for almost 99% of the market, have electric buses that are 9–14 m in length. Also, many of the market leading OEMs such as BYD, Proterra, and Yutong have been providing electric buses in the 9-14 m length range. Countries that are planning to replace existing public fleets with electric ones are considering electric buses of the same length, which is mostly 9–14 m.

The Middle East & Africa electric bus market is expected to register the fastest growth during the forecast period

The Middle East & Africa, which includes Egypt, South Africa, and UAE, is projected to be the fastest growing market during the forecast period. The increasing demand for electric mass transit solutions, renowned OEMs expanding in the region, and government support are factors driving the Middle East & Africa electric bus market. For instance, in November 2019, Egypt’s Arab Organisation for Industrialisation (AOI) started its first smart electric bus in the country with the help of Shanghai Wanxiang Group, China. Also, in May 2019, Foton Motor signed an agreement with Egypt’s Military Production Ministry to manufacture more than 2,000 electric buses in the country over the next four years. Middle East & Africa has become a key region for OEMs to explore, as major countries in the Middle East & Africa, such as Egypt, Africa, and UAE, have high demand for public transport due to the increasing number of tourists visiting these countries. Thus, governments are planning to replace the existing public transport with more efficient and emission-free public transport because of emission concerns.

Electric Bus Market

Asia Pacific is expected to be the largest electric bus market during the forecast period

The Asia Pacific region is the largest electric bus market in the world. It comprises some of the fastest developing and developed economies in the world. The growth in the region can be attributed to the dominance of the Chinese market and presence of leading OEMs such as BYD, Yutong, Zhongtong, and Ankai in the country as well, resulting in exponential growth of the Asia Pacific electric bus market. Also, Shenzhen was the first city in the world to have a fully electrified public transport fleet. The favorable regulations for electric buses, availability of electric and electronic components at cheaper rates, and rapidly growing charging infrastructure are projected to boost the electric bus market in the region.

Key Market Players

The global electric bus market is dominated by major players such as BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden). These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies have adopted strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.

Scope of the Report

Report Metric

Details

Electric Bus Market size available for years

2017–2027

Base year considered

2018

Forecast period

2019–2027

Forecast units

Volume (Units) and Value (USD Billion)

Segments covered

Propulsion Type, Consumer Segment, Application, Range, Length of Bus, Component, Battery Capacity, Power Output, and Region

Geographies covered

Asia Pacific, Europe, North America, Latin America, and Middle East & Africa

Companies Covered

BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden).
A total of 41 major company profiles covered and provided

This research report categorizes the given market based on propulsion type, consumer segment, application, range, length of bus, component, battery capacity, power output, and region.

Electric Bus Market, Based on Propulsion Type:

  • BEV
  • PHEV
  • FCEV

Electric Bus Market, Based on the Consumer Segment:

  • Fleet Operator
  • Government

Electric Bus Market, Based on Application:

  • Intercity
  • Intracity

Electric Bus Market, Based on the Length of Bus Type:

  • less than 9 m
  • 9−14 m
  • Above 1 4m

Electric Bus Market, Based on Range:

  • less than 150 miles
  • 150–300 miles
  • Above 300 miles

Electric Bus Market, Based on Battery Capacity:

  • Less than 50 kWh
  • 50–250 kWh
  • Above 250 kWh

Electric Bus Market, Based on Power Output:

  • Less than 100 kW
  • 100–250 kW
  • Above 250 kW

Electric Bus Market, Based on Component (qualitative):

  • Motor
  • Battery
  • Fuel Cell Stack
  • Ultra-capacitor

Electric Bus Market, Based on Region:

  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • South Korea
  • North America
    • US
    • Canada
  • Europe
    • Austria
    • Belgium
    • France
    • Germany
    • The Netherlands
    • Norway
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Kingdom
  • Latin America
    • Argentina
    • Brazil
    • Chile
    • Mexico
  • Middle East & Africa
    • Egypt
    • South Africa
    • UAE

Recent Developments

  • In June 2019, Yutong launched ZK6907H of the new 7 Series. It also launched four star models, namely, the T7 3.5T gasoline version, new high-end intelligent connected city bus U10, L4 self-driving bus, and hydrogen fuel cell bus F8.
  • In March 2019, NFI Group acquired Alexander Dennis Limited (ADL), the world’s largest manufacturer of double decker buses and a leading British bus and coach builder.
  • In December 2018, Ebusco announced to develop an electric bus for Deutsche Bahn in Germany. The bus can run up to 450 km without having to top up in the meantime. Ebusco has signed a cooperation agreement with DB Regio Bus.
  • In September 2018, CAF Group acquired Solaris Bus and Coach to enter into the global electric bus market.
  • In June 2018, BYD and Alexander Dennis Limited won the largest part of London’s first order for fully electric double deckers. Thirty seven BYD ADL Enviro400EV buses will enter service with Transport for London operator Metroline by 2019.
  • In March 2018, Chinese electric bus manufacturer, King Long, launched a new hydrogen fuel cell bus, XMQ6127G, which has a mileage of 300–350 km.

Critical Aspects:

  • Governments are working with OEMs to electrify public transport fleets and build charging stations. How will this transform the overall electric bus market?
  • How will fast-paced developments in battery technologies change the dynamics of electric bus market?
  • The industry is focusing on different powertrain technologies. Which are the leading companies working on it, and what organic and inorganic strategies have been adopted by them?
  • The fuel cell electric bus segment is expected to have a significant market during the forecast. How will this transform the overall electric bus market?
  • Analysis of your competition, including major players in this market and ecosystem. The major players are BYD (China), Yutong (China), Proterra (US), VDL Groep (Netherlands), and AB Volvo (Sweden).  

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Product Definition
           1.2.1 Inclusions & Exclusions
    1.3 Market Scope
           1.3.1 Years Considered for Study
    1.4 Package Size
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources for Electric Bus Market
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Market Size Estimation
           2.4.1 Bottom-Up Approach: Electric Bus Market
           2.4.2 Top-Down Approach: Electric Bus Market
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions & Associated Risks

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Opportunities in the Electric Bus Market
    4.2 Electric Bus Market Growth Rate, By Region
    4.3 Electric Bus Market, By Consumer Segment
    4.4 Electric Bus Market, By Propulsion
    4.5 Electric Bus Market, By Vehicle Range
    4.6 Electric Bus Market, By Length of Bus
    4.7 Electric Bus Market, By Application
    4.8 Electric Bus Market, By Power Output
    4.9 Electric Bus Market, By Component
    4.1 Electric Bus Market, By Battery Capacity

5 Market Overview (Page No. - 43)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Emission-Free and Energy-Efficient Mass Transit Solutions
                    5.2.1.2 Reduction in Battery Prices
           5.2.2 Restraints
                    5.2.2.1 High Development Cost
           5.2.3 Opportunities
                    5.2.3.1 Government Support for Electrification of Public Transport
                    5.2.3.2 New Revenue Pockets in Asia Pacific and Northern Europe
           5.2.4 Challenges
                    5.2.4.1 Limited Battery Capacity
                    5.2.4.2 Lack of Charging Infrastructure
    5.3 Electric Bus Market, Scenarios (2020–2027)
           5.3.1 Electric Bus Market, Most Likely Scenario
           5.3.2 Electric Bus Market, Optimistic Scenario
           5.3.3 Electric Bus Market, Pessimistic Scenario

6 Industry Trends (Page No. - 52)
    6.1 Introduction
    6.2 High Voltage Battery
    6.3 Smart Electric Drive
    6.4 Technology Analysis
    6.5 Innovative Charging Solutions
           6.5.1 Off-Board Top-Down Pantograph Charging System
           6.5.2 On-Board Bottom-Up-Pantograph Charging System
           6.5.3 Ground-Based Static/Dynamic Charging System
    6.6 Porter’s Five Forces Model Analysis

7 Electric Bus Market, By Propulsion Type (Page No. - 55)
    7.1 Introduction
    7.2 Operational Data
           7.2.1 Assumptions
           7.2.2 Research Methodology
    7.3 BEV
           7.3.1 Increasing Demand for Zero Emission Vehicles Will Boost the BEV Segment
    7.4 FCEV
           7.4.1 FCEV Buses are Equipped With Advanced Technologies Which Will Drive the Market
    7.5 PHEV
           7.5.1 Asia Pacific is Projected to Dominate the PHEV Segment
    7.6 Key Industry Insights

8 Electric Bus Market, By Vehicle Range (Page No. - 61)
    8.1 Introduction
    8.2 Operational Data
           8.2.1 Assumptions
           8.2.2 Research Methodology
    8.3 Up to 200 Miles
           8.3.1 Chinese Bus Fleets are Dominated By Electric Buses Having Range Up to 200 Miles
    8.4 Above 200 Miles
           8.4.1 Advancements in Battery Technologies to Boost the Above 200 Miles Segment
    8.5 Key Industry Insights

9 Electric Bus Market, By Length of Bus (Page No. - 66)
    9.1 Introduction
    9.2 Operational Data
           9.2.1 Assumptions
           9.2.2 Research Methodology
    9.3 Less Than 9 M
           9.3.1 Mini Buses are Quite Useful on Compact Roads
    9.4 9–14 M
           9.4.1 High Adoption Rate of Electric Buses as Public Transport Fleet is Driving This Segment
    9.5 Above 14 M
           9.5.1 Increasing Number of Daily Commuters in Asia Pacific to Drive the Above 14 M Segment
    9.6 Key Industry Insights

10 Electric Bus Market, By Consumer Segment (Page No. - 72)
     10.1 Introduction
     10.2 Operational Data
             10.2.1 Assumptions
             10.2.2 Research Methodology
     10.3 Private Fleet Operator
             10.3.1 Government Support and Low Cost of Operation to Boost the Private Fleet Operator Segment
     10.4 Government
             10.4.1 Governments are Emphasizing on Adopting Electric Buses in Public Transport Fleets
     10.5 Key Industry Insights

11 Electric Bus Market, By Application (Page No. - 77)
     11.1 Introduction
     11.2 Operational Data
             11.2.1 Assumptions
             11.2.2 Research Methodology
     11.3 Intercity
             11.3.1 Developments in Battery Technologies and Charging Solutions to Drive the Intercity Segment
     11.4 Intracity
             11.4.1 High Adoption Rate of Electric Buses in Local Public Transport Fleets to Boost the Asia Pacific Market
     11.5 Key Industry Insights

12 Electric Bus Market, By Battery Capacity (Page No. - 82)
     12.1 Introduction
     12.2 Operational Data
             12.2.1 Assumptions
             12.2.2 Research Methodology
     12.3 Up to 400 kWh
             12.3.1 High Adoption Rate of Affordable Electric Buses to Boost the Up to 400 kWh Segment
     12.4 Above 400 kWh
             12.4.1 Chinese Electric Bus Fleet is Dominated By Buses With More Than 400 kWh Battery Capacity
     12.5 Key Industry Insights

13 Electric Bus Market, By Power Output (Page No. - 87)
     13.1 Introduction
     13.2 Operational Data
             13.2.1 Assumptions
             13.2.2 Research Methodology
     13.3 Up to 250 Kw
             13.3.1 Public Transport Buses to Boost the Up to 250 Kw Segment
     13.4 Above 250 Kw
             13.4.1 Increasing Demand for Electric Coaches With High Power Output to Drive the Market
     13.5 Key Industry Insights

14 Electric Bus Market, By Component (Page No. - 92)
     14.1 Introduction
             14.1.1 Assumptions
             14.1.2 Research Methodology
     14.2 Motor
     14.3 Battery
     14.4 Fuel Cell Stack
     14.5 Key Industry Insights

15 Electric Bus Market, By Region (Page No. - 97)
     15.1 Introduction
     15.2 Asia Pacific
             15.2.1 China
                        15.2.1.1 China is Home to Many Market Leading OEMs
             15.2.2 Japan
                        15.2.2.1 Japan is Focusing on Developing Advanced Fuel Cell Powered Buses
             15.2.3 India
                        15.2.3.1 Government Support for Electrification of Public Transport to Drive the Indian Electric Bus Market
             15.2.4 South Korea
                        15.2.4.1 South Korea to Focus on Electrifying Public Transport Fleets
             15.2.5 Singapore
                        15.2.5.1 Singapore Public Transport to Go Green By 2040
     15.3 Europe
             15.3.1 France
                        15.3.1.1 French Government is Promoting Pure Battery Electric Buses With the Olympics 2024 in Mind
             15.3.2 Germany
                        15.3.2.1 Five German Cities to Electrify Their Public Transport Fleet, Thereby Boosting the Electric Bus Market
             15.3.3 Spain
                        15.3.3.1 Government Focus on Replacing the Existing Public Fleet is Expected to Drive the Spanish Electric Bus Market
             15.3.4 Austria
                        15.3.4.1 Growing Emission Concerns to Drive the Austrian Electric Bus Market
             15.3.5 Norway
                        15.3.5.1 Strong Government Support to Drive the Norwegian Battery Electric Bus Segment
             15.3.6 Sweden
                        15.3.6.1 Presence of Market Leading OEMs to Boost the Swedish Electric Bus Market
             15.3.7 Switzerland
                        15.3.7.1 Favorable Government Regulations to Drive the Swiss Electric Bus Market
             15.3.8 Netherlands
                        15.3.8.1 Presence of OEMs to Play an Important Role in the Dutch Electric Bus Market
             15.3.9 Belgium
                        15.3.9.1 High Adoption Rate of Electric Buses in Public Transport to Benefit the Belgian Electric Bus Market
             15.3.10 UK
                        15.3.10.1 Favorable Regulations for Emission-Free Buses to Drive the UK Electric Bus Market
             15.3.11 Turkey
                        15.3.11.1 Turkish OEMs to Offer Battery Electric Buses Soon
     15.4 North America
             15.4.1 US
                        15.4.1.1 Government Contracts to OEMs for Battery Electric Buses to Boost the US Market
             15.4.2 Canada
                        15.4.2.1 Presence of Leading OEMs to Drive the Canadian Electric Bus Market
     15.5 Latin America
             15.5.1 Argentina
                        15.5.1.1 Argentina Finally Had Its First Electric Bus Fleet in 2019
             15.5.2 Brazil
                        15.5.2.1 Sao Paulo to Incorporate Electric Buses in Public Fleet
             15.5.3 Chile
                        15.5.3.1 Chile has the Largest Electric Bus Fleet in Latin America
             15.5.4 Mexico
                        15.5.4.1 Electrification of Trolleybuses to have Significant Impact on the Mexican Electric Bus Market
     15.6 Middle East & Africa
             15.6.1 Egypt
                        15.6.1.1 The Egyptian Government is Backing Bevs to Cut Down Emissions
             15.6.2 South Africa
                        15.6.2.1 BEV Segment to Grow With the Help of South African Government Support
             15.6.3 UAE
                        15.6.3.1 UAE has Recently Entered the Electric Bus Market With A Battery Electric Bus

16 Competitive Landscape (Page No. - 127)
     16.1 Overview
     16.2 Market Ranking Analysis
     16.3 China Market Share Analysis, 2019
     16.4 Competitive Scenario
             16.4.1 New Product Developments
             16.4.2 Mergers & Acquisitions
             16.4.3 Partnerships/Supply Contracts/Collaborations/ Joint Ventures/License Agreements
             16.4.4 Expansions
     16.5 Competitive Leadership Mapping
             16.5.1 Visionary Leaders
             16.5.2 Innovators
             16.5.3 Dynamic Differentiators
             16.5.4 Emerging Companies
     16.6 SME Competitive Leadership Mapping
             16.6.1 Progressive Companies
             16.6.2 Resposive Companies
             16.6.3 Dynamic Companies
             16.6.4 Starting Blocks
     16.7 Winners vs Tail-Enders

17 Company Profiles (Page No. - 138)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     17.1 BYD
     17.2 Yutong
     17.3 Proterra
     17.4 VDL Groep
     17.5 AB Volvo
     17.6 Daimler AG
     17.7 NFI Group
     17.8 CAF
     17.9 Ebusco BV
     17.1 King Long
     17.11 Ankai
     17.12 Zhongtong Bus Holding
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     17.13 Other Key Players
             17.13.1 North America
                        17.13.1.1 Blue Bird Corporation
                        17.13.1.2 Gillig LLC
                        17.13.1.3 The Lion Electric Company
             17.13.2 Asia
                        17.13.2.1 Tata Motors
                        17.13.2.2 Ashok Leyland
                        17.13.2.3 Changsha Sunda New Energy Technology Co. LTD.
                        17.13.2.4 Olectra Greentech
                        17.13.2.5 Yinlong Energy
                        17.13.2.6 Golden Dragon
                        17.13.2.7 Jbm Auto Limited
             17.13.3 Europe
                        17.13.3.1 Scania
                        17.13.3.2 Irizar
                        17.13.3.3 Iveco
                        17.13.3.4 Skoda
                        17.13.3.5 Bluebus
                        17.13.3.6 Bozankaya
                        17.13.3.7 Caetanobus
                        17.13.3.8 Chariot Motors
                        17.13.3.9 Carrosserie Hess AG
                        17.13.3.10 Heuliez Bus
                        17.13.3.11 Hybricon
                        17.13.3.12 Optare
                        17.13.3.13 Otokar Otomotiv Ve Savunma Sanayi A.S
                        17.13.3.14 Rampini Carlo
                        17.13.3.15 Sor Libchav
                        17.13.3.16 Temsa
                        17.13.3.17 Ursus Bus
                        17.13.3.18 Van Hool NV
                        17.13.3.19 Karsan

18 Recommendations By Marketsandmarkets (Page No. - 177)
     18.1 Asia Pacific Will Be A Major Electric Bus Market
     18.2 Battery Electric Bus Can Be A Key Focus for Manufacturers
     18.3 Conclusion

19 Appendix (Page No. - 178)
     19.1 Key Insights of Industry Experts
     19.2 Currency
     19.3 Discussion Guide
     19.4 Knowledge Store: Marketsandmarkets Subscription Portal
     19.5 Available Customizations
     19.6 Related Reports
     19.7 Author Details


List of Tables (137 Tables)

Table 1 Inclusions & Exclusions for Electric Bus Market
Table 2 Government Programs for the Promotion of Electric Bus
Table 3 Battery Capacities of Popular Electric Buses
Table 4 Electric Bus Market (Most Likely), By Region, 2020–2027 (Units)
Table 5 Electric Bus Market (Optimistic), By Region, 2020–2027 (Units)
Table 6 Electric Bus Market (Pessimistic), By Region, 2020–2027 (Units)
Table 7 Case Study: Electric Bus Adoption in the Cities
Table 8 Electric Bus Market Size, By Propulsion Type, 2017–2027 (Units)
Table 9 Electric Bus Data Based on Propulsion Type
Table 10 BEV: Electric Bus Market, By Region, 2017–2027 (Units)
Table 11 FCEV: Electric Bus Market, By Region, 2017–2027 (Units)
Table 12 PHEV: Electric Bus Market, By Region, 2017–2027 (Units)
Table 13 Electric Bus Market Size, By Vehicle Range, 2017–2027 (Units)
Table 14 Electric Bus Data Based on Vehicle Range
Table 15 Up to 200 Miles: Electric Bus Market, By Region, 2017–2027 (Units)
Table 16 Above 200 Miles: Electric Bus Market, By Region, 2017–2027 (Units)
Table 17 Electric Bus Market Size, By Length of Bus, 2017–2027 (Units)
Table 18 Electric Bus Data Based on Length of Bus
Table 19 Less Than 9 M: Electric Bus Market, By Region, 2017–2027 (Units)
Table 20 9–14 M: Electric Bus Market, By Region, 2017–2027 (Units)
Table 21 Above 14 M: Electric Bus Market, By Region, 2017–2027 (Units)
Table 22 Electric Bus Market Size, By Consumer Segment Type, 2017–2027 (Units)
Table 23 Electric Bus Data Based on Operator Type
Table 24 Private Fleet Operator: Electric Bus Market, By Region, 2017–2027 (Units)
Table 25 Government: Electric Bus Market, By Region, 2017–2027 (Units)
Table 26 Electric Bus Market Size, By Application, 2017–2027 (Units)
Table 27 Electric Bus Data Based on Application
Table 28 Intercity: Electric Bus Market, By Region, 2017–2027 (Units)
Table 29 Intracity: Electric Bus Market, By Region, 2017–2027 (Units)
Table 30 Electric Bus Market Size, By Battery Capacity, 2017–2027 (Units)
Table 31 Electric Bus Data Based on Battery Capacity
Table 32 Up to 400 kWh: Electric Bus Market, By Region, 2017–2027 (Units)
Table 33 Above 400 kWh: Electric Bus Market, By Region, 2017–2027 (Units)
Table 34 Electric Bus Market Size, By Power Output, 2017–2027 (Units)
Table 35 Electric Bus Data Based on Power Output
Table 36 Up to 250 Kw: Electric Bus Market, By Region, 2017–2027 (Units)
Table 37 Above 250 Kw: Electric Bus Market, By Region, 2017–2027 (Units)
Table 38 Electric Bus Market Size, By Component, 2017–2027 (USD Million)
Table 39 Electric Bus Market, By Region, 2017–2027 (Units)
Table 40 Asia Pacific: Electric Bus Market, By Country, 2017–2027 (Units)
Table 41 China: Key Government Policy Measures and Targets to Advance Deployment of Electric Buses and Coaches
Table 42 China: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 43 Japan: Key Government Policy Measures and Targets to Advance Deployment of Electric Buses
Table 44 Japan: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 45 India: Key Government Policy Measures and Targets to Advance Deployment of Electric Heavy-Duty Vehicles
Table 46 India: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 47 South Korea: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 48 Singapore: Electric Bus Market, By Propulsion Type, 2022–2027 (Units)
Table 49 Key Ev Policy Measures and Targets for European Union
Table 50 Europe: Electric Bus Market, By Country, 2017–2027 (Units)
Table 51 Key Ev Policy Measures and Targets for France
Table 52 France: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 53 Key Ev Policy Measures and Targets for Germany
Table 54 Germany: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 55 Key Ev Policy Measures and Targets for Spain
Table 56 Spain: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 57 Key Ev Policy Measures and Targets for Austria
Table 58 Austria: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 59 Key Ev Policy Measures and Targets for Norway
Table 60 Norway: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 61 Key Ev Policy Measures and Targets for Sweden
Table 62 Sweden: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 63 Key Ev Policy Measures and Targets for Switzerland
Table 64 Switzerland: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 65 Key Ev Policy Measures and Targets for the Netherlands
Table 66 Netherlands: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 67 Key Ev Policy Measures and Targets for Belgium
Table 68 Belgium: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 69 Key Ev Policy Measures and Targets for Uk
Table 70 UK: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 71 Turkey: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 72 North America: Electric Bus Market, By Country, 2017–2027 (Units)
Table 73 US: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 74 Canada: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 75 Latin America: Electric Bus Market, By Country, 2017–2027 (Units)
Table 76 Argentina: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 77 Brazil: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 78 Chile: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 79 Mexico: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 80 Middle East & Africa: Electric Bus Market, By Country, 2017–2027 (Units)
Table 81 Egypt: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 82 South Africa: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 83 UAE: Electric Bus Market, By Propulsion Type, 2017–2027 (Units)
Table 84 New Product Developments, 2017–2019
Table 85 Mergers & Acquisitions, 2017–2019
Table 86 Partnerships/Supply Contracts/Collaborations/Joint Ventures/ Agreements, 2017–2019
Table 87 Expansions, 2017–2019
Table 88 Winners vs Tail-Enders
Table 89 BYD: Products Offered
Table 90 BYD: New Product Developments
Table 91 BYD: Expansions
Table 92 BYD: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 93 BYD Total Sales, 2015–2018 (USD Billion)
Table 94 Net Profit, 2015–2018 (USD Million)
Table 95 Yutong: Products Offered
Table 96 Yutong: New Product Developments
Table 97 Yutong: Expansion
Table 98 Yutong: Partnerships/ Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 99 Proterra: Products Offered
Table 100 Proterra: New Product Developments
Table 101 Proterra: Expansion
Table 102 Proterra: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 103 VDL Groep: Product Offerings
Table 104 VDL Groep: New Product Developments
Table 105 VDL Groep: Expansion
Table 106 VDL Groep: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 107 VDL Groep: Total Sales, 2015–2018 (USD Billion)
Table 108 VDL Groep: Net Profit, 2015–2018 (USD Million)
Table 109 AB Volvo: Products Offered
Table 110 AB Volvo: New Product Developments
Table 111 AB Volvo: Expansions
Table 112 AB Volvo: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 113 AB Volvo: Total Sales, 2015–2018 (USD Billion)
Table 114 Daimler: Products Offered
Table 115 Daimler: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 116 Daimler: Total Sales, 2015–2018 (USD Billion)
Table 117 Daimler: Net Profit, 2015–2018 (USD Billion)
Table 118 NFI Group: Products Offered
Table 119 NFI Group: New Product Developments
Table 120 NFI Group: Expansion
Table 121 NFI Group: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 122 CAF: Product Offerings
Table 123 CAF: New Product Developments
Table 124 CAF: Expansion
Table 125 CAF: Partnerships/Collaborations/Joint Ventures/ Contracts & Agreements/Mergers & Acquisitions
Table 126 Ebusco BV: Products Offered
Table 127 Ebusco BV: New Product Developments
Table 128 Ebusco BV: Partnerships/Collaborations/Joint Ventures/ Supply Contracts/Agreements/Mergers & Acquisitions
Table 129 King Long: Products Offered
Table 130 King Long: New Product Developments
Table 131 King Long: Expansion
Table 132 King Long: Partnerships/Collaborations/Joint Ventures/Supply Contracts/ Agreements/Mergers & Acquisitions
Table 133 Ankai: Products Offered
Table 134 Ankai: Expansion
Table 135 Zhongtong Bus Holding: Product Offering
Table 136 Zhongtong Bus Holding: Expansion
Table 137 Currency Exchange Rates (W.R.T USD)


List of Figures (56 Figures)

Figure 1 Market Segmentation: Electric Bus Market
Figure 2 Electric Bus Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Data Triangulation
Figure 6 Revenue Shift in the Electric Bus Market
Figure 7 Electric Bus Market: Market Dynamics
Figure 8 Electric Bus Market, By Region, 2019–2027
Figure 9 Electric Bus Market, By Propulsion, 2019 vs 2027
Figure 10 Increasing Demand for Fuel-Efficient and Emission-Free Vehicles is Expected to Boost the Electric Bus Market
Figure 11 Middle East & Africa is Projected to Be the Fastest Growing Electric Bus Market
Figure 12 Government Segment is Expected to Be the Largest Market, 2019 vs 2027 (Units)
Figure 13 BEV is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 14 Upto 200 Miles is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 15 9-14 M is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 16 Intracity is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 17 Up to 250 Kw is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 18 Battery is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 19 Up to 400 kWh is Expected to Be the Largest Segment of the Electric Bus Market, 2019 vs 2027 (Units)
Figure 20 Electric Bus Market: Market Dynamics
Figure 21 Decline in Battery Price/kWh, 2010–2019
Figure 22 Average Cost of Diesel Bus vs Electric Bus
Figure 23 Middle East & Africa is the Region to Invest During the Forecast Period
Figure 24 BEV Segment to Dominate the Electric Bus Market During the Forecast Period
Figure 25 Up to 200 Miles Segment to Dominate the Market Due to Large Volumes of Electric Buses in Public Transport Fleets
Figure 26 9–14 M Segment to Dominate the Electric Bus Market During the Forecast Period
Figure 27 Government Segment to Dominate the Electric Bus Market During the Forecast Period
Figure 28 Increasing Demand for Electrification of Local Bus Fleets to Boost Intracity Operations
Figure 29 OEM Focus on Providing Low Cost Batteries With Less Capacity
Figure 30 Up to 250 Kw Segment to Dominate the Electric Bus Market During the Forecast Period
Figure 31 Advancements in Battery Technologies to Propel the Battery Segment
Figure 32 Electric Bus Market, By Region, 2019 vs 2027 (Units)
Figure 33 Asia Pacific: Electric Bus Market Snapshot
Figure 34 Europe: Electric Bus Market, By Country, 2019 vs 2027 (Units)
Figure 35 North America: Electric Bus Market Snapshot
Figure 36 Latin America: Electric Bus Market, By Country, 2019 vs 2027 (Units)
Figure 37 Middle East & Africa: Electric Bus Market, By Country, 2019 vs 2027 (Units)
Figure 38 Market Ranking, 2019
Figure 39 Key Developments By Leading Players, 2017–2019
Figure 40 Electric Bus Market: Competitive Leadership Mapping, 2019
Figure 41 SME Electric Bus Market: Competitive Leadership Mapping, 2019
Figure 42 BYD: Company Snapshot
Figure 43 BYD: SWOT Analysis
Figure 44 Yutong: Company Snapshot
Figure 45 Yutong: SWOT Analysis
Figure 46 Proterra: SWOT Analysis
Figure 47 VDL Groep: Company Snapshot
Figure 48 VDL Groep: SWOT Analysis
Figure 49 AB Volvo: Comapany Snapshot
Figure 50 AB Volvo: SWOT Analysis
Figure 51 Daimler AG: Company Snapshot
Figure 52 NFI Group: Company Snapshot
Figure 53 CAF: Company Snapshot
Figure 54 King Long: Company Snapshot
Figure 55 Ankai: Company Snapshot
Figure 56 Zhongtong Bus Holding: Company Snapshot

The study involved four major activities in estimating the current market size of the electric bus market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of electric bus OEMs, Canadian Automobile Association (CAA), International Energy Agency (IEA), Federal Transit Administration (FTA), American Public Transportation Association (APTA), Regional Transportation Authority (RTA), country-level automotive associations and trade organizations, and the US Department of Transportation (DOT)], electric bus magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations webistes, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global electric bus market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of electric bus market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

Electric Bus Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down approach was used to estimate and validate the total market size. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To segment and forecast the global electric bus market size in terms of volume
  • To segment and forecast the market size by propulsion type [battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and fuel cell electric vehicle (FCEV)]
  • To segment and forecast the electric bus market size by application (intercity and intracity)
  • To segment and forecast the market size by range (less than 150 miles, 150–300 miles, and above 300 miles)
  • To segment and forecast the market size by consumer segment (fleet operator and government)
  • To segment and forecast the market size by length of bus (less than 9 m, 9−14 m, and more than 14 m)
  • To segment and forecast the market size by battery capacity (less than 50 kWh, 50-250 kWh, and above 250 kWh)
  • To segment and forecast the market size by power output (less than 100 kW, 100–250 kW, and above 250 kW)
  • To forecast the electric bus market size with respect to key regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • To provide detailed information regarding the major factors influencing market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze markets with respect to individual growth trends, future prospects, and contribution to the total market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • Electric Bus Market, By Range at country level (For countries covered in the report)
  • Electric Bus Market, By Length of Bus at country level (For countries covered in the report)
  • Electric Bus Market, By Application at country level (For countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Electric Bus Market

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Published ON
Dec, 2019
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