Electric Bus Market

Electric Bus Market by Propulsion (BEV, PHEV & FCEV), Application (Intercity & Intra-city), Consumer, Range, Bus Length, Seating Capacity, Power Output, Battery Capacity, Component, Level of Autonomy, Battery type & Region - Global Forecast to 2027

Report Code: AT 7483 Mar, 2022, by marketsandmarkets.com

[297 Pages Report] The global electric bus market size is estimated to be 112,041 units in 2022 and expected to reach 671,285 units by 2027 and grow at a CAGR of 43.1% over the forecast period (2022 – 2027). Increasing focus of countries on promoting electrification of mass transit solutions and government support are propelling the growth of the market.

The market in Asia Pacific is projected to experience the fastest growth owing to the high demand of electric buses from countries such China, Japan, South Korea and India. Further, China has introduced many electric buses to reduce vehicle emissions. For instance, BYD offers the K8 and K9 electric buses, the most popular in the world, between 9 m and 14 m in length, and with a range of 155 miles and 190 miles, respectively. Similarly, in January 2021, Olectra Greentech Limited and Evey Trans Private Limited received an order of 350 electric buses from Mahanagar Parivahan Mahamandal Ltd. Favorable policies and consistent new orders for electric buses would drive the Indian electric bus market in the upcoming years. European and North American market are growing due to increase in demand of emission free public transport and favorable government policies for electric vehicles.

Attractive Opportunities in the Electric Bus Market

Electric Bus Market

e-estimated, p-projected
Source: Secondary Research, Expert Interviews, Company Presentations, and MarketsandMarkets Analysis

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Market Dynamics:

Driver: Increasing demand for emission-free and energy-efficient mass transit solutions

The transport sector is one of the largest contributors to global greenhouse gas (GHG) emissions. According to the United Nations Environment Program (UNEP), the transport sector contributes around one-quarter of all energy-related greenhouse gas (GHG) emissions and is one of the largest sources of urban and regional air pollution. The US Environmental Protection Agency (EPA) also states that buses contributed 1.1% to the entire GHG emissions from the transportation sector in 2019. Vehicle emissions are exclusively liable for discharging 29% of ozone-depleting substances that bring air pollution and are dangerous for the atmosphere. Various governments across the globe have introduced initiatives to make their urban public transport system more sustainable and fuel-efficient with the use of electric buses. The Netherland has the Electric Transport Green Deal 2016–2020. The key objective of the green deal is to eliminate vehicle emissions by 2025, which would boost the electric bus market. Also, the US Department of Transport’s Federal Transit Administration (FTA) has announced funding of USD 130 million for Low or No Emission in June 2020. The introduction of electric buses will change mass transit worldwide in the coming years by improving air quality, reducing noise levels, and increasing fuel efficiency.

Restraint: High development cost

The high cost involved in the development of electric buses and coaches and related components such as batteries and monitoring systems (battery management systems, CAN bus modules) is a major restraint for electric bus manufacturers. The development cost of infrastructure for EVs is also very high. Almost USD 2.8 trillion is needed for building the infrastructure globally. The battery of an EV needs frequent and fast charging through additional equipment such as electric chargers, which are only available at EV charging stations. High capacity charging stations need to be set up across several locations. The battery, charger, and installation cost of the charger add to the cost of electric buses and coaches, making them costlier than traditional ICE buses and coaches.

Opportunity: Government support for electrification of public transport

In order to drive the commitment to reduce greenhouse gas (GHG) emissions and improve air quality in urban areas, governments across the globe have been providing lucrative fiscal incentives to promote shared mobility and clean transportation. Governments across the globe have launched attractive initiatives and schemes to facilitate the adoption of electric buses. Governments in developed countries have begun the tender process to increase the use of electric buses in their cities. For instance, as of March 2021, there were 3,884 hybrid buses, 485 electric buses, and two hydrogen buses operating in London, out of a total bus fleet of 9,068, with plans to increase this figure to 9,200 electric buses by 2037. A shift towards clean energy for public transport brings multi-dimensional benefits. The induction of e-buses will add to the emission reduction commitments at the local level. The benefits will be much greater with the simultaneous greening of electricity generation in highly populated countries like China and India. The National Electric Mobility Mission Plan (NEMMP) 2020 of the government of India focuses on promoting the manufacturing and adoption of EVs in the country.

Challenge: Limited battery capacity

The batteries of current electric buses have low capacities with long charging durations and limited range per charge. The performance and service life of the batteries directly affect the performance and the cost of the electric buses. Presently, the batteries used to power electric buses are lead-acid, nickel cadmium, nickel metal hydride, lithium-ion, and supercapacitors. Lithium-ion batteries are gradually replacing lead-acid, nickel cadmium, and nickel metal hydride batteries in electric buses as they offer a longer battery life. However, the capacity of lithium-ion batteries is too low to power commercial vehicles, such as electric buses, as the heavy loads require more power to create maximum torque. In cold climates, the charging-discharging performance of batteries declines significantly, making it difficult for the batteries to provide maximum power.

The time required to charge an electric bus with the equipment available currently in the market is very long, leading to waste of time. The average time required to charge an electric vehicle from 0% to 100% with a 7 kW charging point is more than 4 hours. Also, most of the charging infrastructure is equipped with low-capacity chargers. These challenges must be addressed to facilitate the growth of the electric bus market.

The 9–14 m segment is estimated to lead the 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. BYD offers K8 and K9 electric buses between 9 m and 14 m in length and a range of 155 miles and 190 miles. It also offers C8 and C9 transit buses with a range of 125 miles and 155 miles, respectively. 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. For instance, the Indian government is offering subsidies of up to 40% on the cost of the bus or up to USD 77,000 on a standard electric bus of 10–12 m. This would boost adoption of e-buses in this segment in the future.

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

The electric bus market in Asia Pacific is driven by the need to reduce urban pollution and dependency on fossil fuels coupled with growing initiatives by national governments toward clean public transportation. Chinese companies such as BYD, Yutong, Ankai, and Zhongtong are dominating the Chinese as well as global markets. These players have managed to develop and provide a wide range of electric bus models at lower prices due to the availability of parts and components at cheaper rates. In November 2021, BYD received its first order from TMB (Transportes Metropolitanos de Barcelona) for 25 new-generation 40-foot BYD electric buses, which are expected between 2022 and 2024. This order is part of the initiative to eliminate pollution-causing diesel buses in Barcelona by 2025. The Chinese government has invested heavily in changing the conventional public transport fleet to electric. As a result, the country is dominating the market, ahead of European and American countries. Asia Pacific leads the market due to the high adoption rate of electric buses in China. Other Asian countries have also started introducing electric buses in their public transportation fleets.

Electric Bus Market by Region

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Key Market Players

The global electric bus market is dominated by major players such as BYD (China), Yutong (China), CAF (Solaris) (Spain)(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.

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Scope of the Report

Report Attributes

Details

Market size value in 2022:

 112,041 units

Projected to reach 2027:

 671,285 units

CAGR:

 43.1%

Base Year Considered:

 2021

Forecast Period:

 2022-2027

Largest Market:

 Asia Pacific

Region Covered:

Asia Pacific, North America, Europe, and RoW

Segments Covered: 

Propulsion type, Length of Bus, Component, Range, Power Output, Battery Capacity, Application, Battery Type, Seating Capacity, Level of Autonomy, and Region

Companies Covered:

BYD (China), Yutong (China), CAF (Solaris) (Spain)(US), VDL Groep (Netherlands), and AB Volvo (Sweden)

Recent Developments

  1. In April 2021, VDL has announced a supply contract of 32 electric buses to public transport company Hermes in Eindhoven. These buses will be operational from January 2022 in Eindhoven cityscape.
  2. In February 2021, The Montgomery County Public Schools (MCPS) Board of Education approved a contract with Highland Electric Transportation. Highland Electric Transportation to deploy 326 Thomas Built electric school buses powered by Proterra.
  3. In February 2021, Nova Bus, a subsidiary of Volvo Buses have announced a supply order from Chicago Transit Authority. The order is for 600 new 40-foot electric buses from Nova Bus.
  4. In January 2021, BYD won a supply contract by the Bogota City Public Transport Authority in Columbia to deliver 1,002 electric buses in 2021. This is the largest pure- electric bus contract for BYD outside China. BYD has collaborated with local bus manufacturers namely Superpolo and BUSSCAR for the bus body parts.
  5. In January 2021, Switzerland approved a project planning for the electrification of two lines in Switzerland. Such continuous emphasis on the electrification of fleets is expected to boost the electric bus market in the country
  6. In September 2020, Yutong presented to global travellers its 5G-enabled Intelligent mobility solution in a live-show in China. Autonomous driving buses, intelligent bus stops, and unmanned intelligent bus terminals were showcased.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
                    TABLE 1 INCLUSIONS & EXCLUSIONS FOR ELECTRIC BUS MARKET
    1.3 MARKET SCOPE
           FIGURE 1 MARKET SEGMENTATION: MARKET
           1.3.1 YEARS CONSIDERED FOR STUDY
    1.4 PACKAGE SIZE
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 ELECTRIC BUS MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources for market
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 Sampling techniques & data collection methods
                    2.1.2.2 Primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 6 BOTTOM-UP APPROACH: MARKET
                    FIGURE 7 BOTTOM-UP APPROACH (DEMAND SIDE): MARKET
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 8 TOP-DOWN APPROACH: MARKET
                    FIGURE 9 MARKET: RESEARCH DESIGN AND METHODOLOGY
                    FIGURE 10 DEMAND-SIDE APPROACH
                    FIGURE 11 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 12 DATA TRIANGULATION
    2.5 FACTOR ANALYSIS
    2.6 RESEARCH ASSUMPTIONS
    2.7 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 13 ELECTRIC BUS: MARKET OVERVIEW
    FIGURE 14 ELECTRIC BUS MARKET, BY REGION, 2022–2027 (UNITS)
    FIGURE 15 MARKET, BY PROPULSION, 2022–2027 (UNITS)

4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
           FIGURE 16 INCREASING DEMAND FOR FUEL-EFFICIENT AND EMISSION-FREE VEHICLES EXPECTED TO BOOST MARKET
    4.2 MARKET, BY CONSUMER
           FIGURE 17 GOVERNMENT SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.3 MARKET, BY PROPULSION
           FIGURE 18 BEV SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.4 MARKET, BY RANGE
           FIGURE 19 UP TO 200 MILES SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.5 MARKET, BY LENGTH OF BUS
           FIGURE 20 9-14 M SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.6 MARKET, BY APPLICATION
           FIGURE 21 INTRACITY SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.7 MARKET, BY POWER OUTPUT
           FIGURE 22 UP TO 250 KW SEGMENT PROJECTED TO LEAD MARKET FROM 2021 TO 2027 (UNITS)
    4.8 MARKET, BY COMPONENT
           FIGURE 23 BATTERY SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (USD MILLION)
    4.9 MARKET, BY BATTERY CAPACITY
           FIGURE 24 UP TO 400 KWH SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.10 MARKET, BY BATTERY TYPE
           FIGURE 25 LITHIUM-IRON-PHOSPHATE SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.11 MARKET, BY SEATING CAPACITY
           FIGURE 26 40-70 SEATS SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 (UNITS)
    4.12 MARKET, BY REGION
           FIGURE 27 ASIA PACIFIC ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
           TABLE 2 IMPACT OF MARKET DYNAMICS
    5.2 MARKET DYNAMICS
           FIGURE 28 ELECTRIC BUS MARKET: 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
                               FIGURE 29 DECLINE IN BATTERY PRICE/KWH, 2010–2021
                    5.2.1.3 Lower emission compared to other vehicles
                               FIGURE 30 EMISSION COMPARISON BY BUSES, 2020
                               5.2.1.3.1 Fuel cell product lifecycle
                                            FIGURE 31 FUEL CELL PRODUCT LIFECYCLE
                                            TABLE 3 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE
           5.2.2 RESTRAINTS
                    5.2.2.1 High development cost
                               FIGURE 32 AVERAGE COST OF DIESEL BUS VS. ELECTRIC BUS
                    5.2.2.2 Concerns over battery safety
                               FIGURE 33 BATTERY SAFETY ARCHITECTURE
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Government support for electrification of public transport
                               TABLE 4 GOVERNMENT PROGRAMS TO PROMOTE ELECTRIC BUSES
                    5.2.3.2 Implementation of stringent emission norms and environmental regulations
                               TABLE 5 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016–2021
           5.2.4 CHALLENGES
                    5.2.4.1 Limited battery capacity
                               TABLE 6 BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES
                    5.2.4.2 Lack of EV charging infrastructure
    5.3 PORTER’S FIVE FORCES
           FIGURE 34 PORTER’S FIVE FORCES: ELECTRIC BUS MARKET
           TABLE 7 MARKET: IMPACT OF PORTERS 5 FORCES
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 RIVALRY AMONG EXISTING COMPETITORS
    5.4 MARKET ECOSYSTEM
           FIGURE 35 MARKET: ECOSYSTEM ANALYSIS
           5.4.1 OEM
           5.4.2 RAW MATERIAL SUPPLIER
           5.4.3 COMPONENT MANUFACTURERS
           5.4.4 CHARGING INFRASTRUCTURE
                    TABLE 8 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 36 VALUE CHAIN ANALYSIS
    5.6 PRICING ANALYSIS
           TABLE 9 E-BUS MARKET: GLOBAL AVERAGE PRICE (USD), 2021
    5.7 PATENT ANALYSIS
    5.8 REGULATORY OVERVIEW
           5.8.1 NORTH AMERICA
                    TABLE 10 NORTH AMERICA: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
           5.8.2 EUROPE
                    TABLE 11 EUROPE: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
           5.8.3 ASIA PACIFIC
                    TABLE 12 ASIA PACIFIC: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
           5.8.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS, BY REGION
                    TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.9 CASE STUDY
           5.9.1 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN FINLAND
           5.9.2 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN SHENZHEN, CHINA
    5.10 TRENDS AND DISRUPTIONS IN MARKET
           FIGURE 37 TRENDS AND DISRUPTIONS IN MARKET
    5.11 TECHNOLOGY ANALYSIS
           5.11.1 INNOVATIVE CHARGING SOLUTIONS
                    5.11.1.1 Off-board top-down pantograph charging system
                    5.11.1.2 On-board bottom-up pantograph charging system
                    5.11.1.3 Ground-based static/Dynamic charging system
           5.11.2 PACKAGED FUEL CELL SYSTEM MODULE
                    FIGURE 38 TOYOTA’S NEW PACKAGED FUEL CELL SYSTEM MODULE
           5.11.3 METHANE FUEL CELLS
    5.12 ELECTRIC BUS MARKET: COVID-19 IMPACT
           5.12.1 IMPACT ON RAW MATERIAL SUPPLY
           5.12.2 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY
           5.12.3 ANNOUNCEMENTS
                    TABLE 16 ANNOUNCEMENTS
           5.12.4 IMPACT ON AUTOMOTIVE PRODUCTION
                    TABLE 17 SALES OF ELECTRIC BUS (UNITS), BY COUNTRY
    5.13 MARKET, SCENARIOS (2022–2027)
           5.13.1 MARKET, MOST LIKELY SCENARIO
                    TABLE 18 MARKET (MOST LIKELY), BY REGION, 2022–2027 (UNITS)
           5.13.2 MARKET, OPTIMISTIC SCENARIO
                    TABLE 19 MARKET (OPTIMISTIC), BY REGION, 2022–2027 (UNITS)
           5.13.3 MARKET, PESSIMISTIC SCENARIO
                    TABLE 20 MARKET (PESSIMISTIC), BY REGION, 2022–2027 (UNITS)
    5.14 KEY CONFERENCE & EVENTS IN 2022-2023
           TABLE 21 MARKET: DETAILED LIST OF CONFERENCES & EVENTS

6 ELECTRIC BUS MARKET, BY BATTERY TYPE (Page No. - 88)
    6.1 INTRODUCTION
           FIGURE 39 BY BATTERY TYPE, LFP SEGMENT ESTIMATED TO LEAD ELECTRIC BUSES MARKET DURING FORECAST PERIOD
           TABLE 22 MARKET, BY BATTERY TYPE, 2018–2021 (UNITS)
           TABLE 23 MARKET, BY BATTERY TYPE, 2022–2027 (UNITS)
    6.2 OPERATIONAL DATA
           TABLE 24 ELECTRIC BUS DATA, BATTERY TYPE
           6.2.1 ASSUMPTIONS
           6.2.2 RESEARCH METHODOLOGY
    6.3 LITHIUM-NICKEL-MANGANESE-COBALT OXIDE
    6.4 LITHIUM-IRON-PHOSPHATE
    6.5 OTHERS
    6.6 KEY INDUSTRY INSIGHTS

7 ELECTRIC BUS MARKET, BY PROPULSION (Page No. - 94)
    7.1 INTRODUCTION
           FIGURE 40 BEV SEGMENT ESTIMATED TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 25 MARKET, BY PROPULSION, 2018–2021 (UNITS)
           TABLE 26 MARKET, BY PROPULSION, 2022–2027 (UNITS)
    7.2 OPERATIONAL DATA
           TABLE 27 ELECTRIC BUS DATA BASED ON PROPULSION
           7.2.1 ASSUMPTIONS
           7.2.2 RESEARCH METHODOLOGY
    7.3 BEV
           7.3.1 INCREASING DEMAND FOR ZERO-EMISSION VEHICLES WILL BOOST SEGMENT
                    TABLE 28 BEV: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 29 BEV: MARKET, BY REGION, 2022–2027 (UNITS)
    7.4 FCEV
           7.4.1 OEM SHIFT IN FUTURE WOULD DRIVE SEGMENT
                    TABLE 30 FCEV: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 31 FCEV: MARKET, BY REGION, 2022–2027 (UNITS)
    7.5 PHEV
           7.5.1 ASIA PACIFIC PROJECTED TO DOMINATE PHEV SEGMENT
                    TABLE 32 PHEV: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 33 PHEV: MARKET, BY REGION, 2022–2027 (UNITS)
    7.6 KEY INDUSTRY INSIGHTS

8 ELECTRIC BUS MARKET, BY RANGE (Page No. - 103)
    8.1 INTRODUCTION
           FIGURE 41 BY RANGE, UP TO 200 MILES SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 34 MARKET, BY RANGE, 2018–2021 (UNITS)
           TABLE 35 MARKET, BY RANGE, 2022–2027 (UNITS)
    8.2 OPERATIONAL DATA
           TABLE 36 ELECTRIC BUS DATA BASED ON RANGE
           8.2.1 ASSUMPTIONS
                    TABLE 37 ASSUMPTIONS: BY RANGE
           8.2.2 RESEARCH METHODOLOGY
    8.3 UP TO 200 MILES
           8.3.1 DOMINANT USAGE IN CHINESE BUS FLEETS TO DRIVE SEGMENT
                    TABLE 38 UP TO 200 MILES: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 39 UP TO 200 MILES: MARKET, BY REGION, 2022–2027 (UNITS)
    8.4 ABOVE 200 MILES
           8.4.1 ADVANCEMENTS IN BATTERY TECHNOLOGIES TO BOOST SEGMENT
                    TABLE 40 ABOVE 200 MILES: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 41 ABOVE 200 MILES: MARKET, BY REGION, 2022–2027 (UNITS)
    8.5 KEY PRIMARY INSIGHTS

9 ELECTRIC BUS MARKET, BY LENGTH OF BUS (Page No. - 111)
    9.1 INTRODUCTION
           FIGURE 42 BY LENGTH OF BUS, 9–14 M SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 42 MARKET, BY LENGTH OF BUS, 2018–2021 (UNITS)
           TABLE 43 MARKET, BY LENGTH OF BUS, 2022–2027 (UNITS)
    9.2 OPERATIONAL DATA
           TABLE 44 ELECTRIC BUS DATA BASED ON LENGTH OF BUS
           9.2.1 ASSUMPTIONS
           9.2.2 RESEARCH METHODOLOGY
    9.3 LESS THAN 9 M
           9.3.1 EASY MANEUVERING ON COMPACT ROADS TO DRIVE SEGMENT
                    TABLE 45 LESS THAN 9 M: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 46 LESS THAN 9 M: MARKET, BY REGION, 2022–2027 (UNITS)
    9.4 9–14 M
           9.4.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT
                    TABLE 47 9–14 M: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 48 9–14 M: MARKET, BY REGION, 2022–2027 (UNITS)
    9.5 ABOVE 14 M
           9.5.1 GROWING ARTICULATED ELECTRIC BUSES TO DRIVE SEGMENT
                    TABLE 49 ABOVE 14 M: MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 50 ABOVE 14 M: MARKET, BY REGION, 2022–2027 (UNITS)
    9.6 KEY INDUSTRY INSIGHTS

10 ELECTRIC BUS MARKET, BY CONSUMER (Page No. - 120)
     10.1 INTRODUCTION
           FIGURE 43 BY CONSUMER, GOVERNMENT SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 51 MARKET, BY CONSUMER, 2018–2021 (UNITS)
           TABLE 52 MARKET, BY CONSUMER, 2022–2027 (UNITS)
     10.2 OPERATIONAL DATA
           TABLE 53 ELECTRIC BUS DATA BASED ON OPERATOR TYPE
           10.2.1 ASSUMPTIONS
           10.2.2 RESEARCH METHODOLOGY
     10.3 PRIVATE
           10.3.1 GOVERNMENT SUPPORT AND LOW COST OF OPERATION TO DRIVE SEGMENT
                      TABLE 54 PRIVATE: MARKET, BY REGION, 2018–2021 (UNITS)
                      TABLE 55 PRIVATE: MARKET, BY REGION, 2022- 2027 (UNITS)
     10.4 GOVERNMENT
           10.4.1 FOCUS ON ADOPTION OF ELECTRIC BUSES FOR PUBLIC TRANSPORTATION TO DRIVE SEGMENT
                      TABLE 56 GOVERNMENT: MARKET, BY REGION, 2018–2021 (UNITS)
                      TABLE 57 GOVERNMENT: MARKET, BY REGION, 2022–2027 (UNITS)
     10.5 KEY INDUSTRY INSIGHTS

11 ELECTRIC BUS MARKET, BY APPLICATION (Page No. - 128)
     11.1 INTRODUCTION
           FIGURE 44 BY APPLICATION, INTRACITY SEGMENT ESTIMATED TO LEAD MARKET IN 2022
           TABLE 58 MARKET, BY APPLICATION, 2018–2021 (UNITS)
           TABLE 59 MARKET, BY APPLICATION, 2022–2027 (UNITS)
     11.2 OPERATIONAL DATA
           TABLE 60 ELECTRIC BUS DATA BASED ON APPLICATION
           11.2.1 ASSUMPTIONS
           11.2.2 RESEARCH METHODOLOGY
     11.3 INTERCITY
           11.3.1 DEVELOPMENTS IN BATTERY TECHNOLOGIES AND CHARGING SOLUTIONS TO DRIVE SEGMENT
                      TABLE 61 INTERCITY: MARKET, BY REGION, 2018- 2021 (UNITS)
                      TABLE 62 INTERCITY: MARKET, BY REGION, 2022- 2027 (UNITS)
     11.4 INTRACITY
           11.4.1 HIGH ADOPTION OF ELECTRIC BUSES IN PUBLIC TRANSPORT TO DRIVE SEGMENT
                      TABLE 63 INTRACITY: MARKET, BY REGION, 2018- 2021 (UNITS)
                      TABLE 64 INTRACITY: MARKET, BY REGION, 2022–2027 (UNITS)
     11.5 KEY INDUSTRY INSIGHTS

12 ELECTRIC BUS MARKET, BY BATTERY CAPACITY (Page No. - 136)
     12.1 INTRODUCTION
           FIGURE 45 BY BATTERY CAPACITY, UP TO 400 KWH SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 65 MARKET, BY BATTERY CAPACITY, 2018–2021 (UNITS)
           TABLE 66 MARKET, BY BATTERY CAPACITY, 2022–2027 (UNITS)
     12.2 OPERATIONAL DATA
           TABLE 67 ELECTRIC BUS DATA BASED ON BATTERY CAPACITY
           12.2.1 ASSUMPTIONS
                      TABLE 68 ASSUMPTIONS: BY BATTERY CAPACITY
           12.2.2 RESEARCH METHODOLOGY
     12.3 UP TO 400 KWH
           12.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR INTRACITY TRANSPORTATION TO DRIVE SEGMENT
                      TABLE 69 UP TO 400 KWH: MARKET, BY REGION, 2018–2021 (UNITS)
                      TABLE 70 UP TO 400 KWH: MARKET, BY REGION, 2022–2027 (UNITS)
     12.4 ABOVE 400 KWH
           12.4.1 INCREASING USE IN CHINESE ELECTRIC BUS FLEETS TO DRIVE SEGMENT
                      TABLE 71 ABOVE 400 KWH: MARKET, BY REGION, 2018–2021 (UNITS)
                      TABLE 72 ABOVE 400 KWH: MARKET, BY REGION, 2022–2027 (UNITS)
     12.5 KEY INDUSTRY INSIGHTS

13 ELECTRIC BUS MARKET, BY POWER OUTPUT (Page No. - 144)
     13.1 INTRODUCTION
           FIGURE 46 BY POWER OUTPUT, UP TO 250 KW SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 73 MARKET, BY POWER OUTPUT, 2018–2021 (UNITS)
           TABLE 74 MARKET, BY POWER OUTPUT, 2022–2027 (UNITS)
     13.2 OPERATIONAL DATA
           TABLE 75 ELECTRIC BUS DATA BASED ON POWER OUTPUT
           13.2.1 ASSUMPTIONS
                      TABLE 76 ASSUMPTIONS: BY POWER OUTPUT
           13.2.2 RESEARCH METHODOLOGY
     13.3 UP TO 250 KW
           13.3.1 GROWING USAGE IN PUBLIC TRANSPORT BUSES TO DRIVE SEGMENT
                      TABLE 77 UP TO 250 KW: MARKET, BY REGION, 2018–2021 (UNITS)
                      TABLE 78 UP TO 250 KW: MARKET, BY REGION, 2022–2027 (UNITS)
     13.4 ABOVE 250 KW
           13.4.1 INCREASING DEMAND FOR ELECTRIC COACHES WITH HIGH POWER OUTPUT TO DRIVE SEGMENT
                      TABLE 79 ABOVE 250 KW: MARKET, BY REGION, 2018–2021 (UNITS)
                      TABLE 80 ABOVE 250 KW: MARKET, BY REGION, 2022–2027 (UNITS)
     13.5 KEY PRIMARY INSIGHTS

14 ELECTRIC BUS MARKET, BY COMPONENT (Page No. - 152)
     14.1 INTRODUCTION
           FIGURE 47 BY COMPONENT, BATTERY SEGMENT ESTIMATED TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 81 MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 82 MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
           14.1.1 ASSUMPTIONS
           14.1.2 RESEARCH METHODOLOGY
     14.2 MOTOR
     14.3 BATTERY
     14.4 FUEL CELL STACK
     14.5 BATTERY MANAGEMENT SYSTEM
     14.6 BATTERY COOLING SYSTEM
     14.7 EV CONNECTOR
     14.8 KEY INDUSTRY INSIGHTS

15 ELECTRIC BUS MARKET, BY LEVEL OF AUTONOMY (Page No. - 159)
     15.1 INTRODUCTION
     15.2 SEMI-AUTONOMOUS
           15.2.1 ADOPTION OF ADVANCED SAFETY FEATURES TO DRIVE SEMI-AUTONOMOUS MARKET
     15.3 AUTONOMOUS
           15.3.1 HIGHER LEVEL OF AUTONOMY WOULD BE FUTURE OF AUTONOMOUS ELECTRIC BUSES
     15.4 KEY INDUSTRY INSIGHTS

16 ELECTRIC BUS MARKET, BY SEATING CAPACITY (Page No. - 162)
     16.1 INTRODUCTION
           FIGURE 48 BY SEATING CAPACITY, 40-70 SEATS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 83 MARKET, BY SEATING CAPACITY, 2018–2021 (UNITS)
           TABLE 84 MARKET, BY SEATING CAPACITY, 2022–2027 (UNITS)
     16.2 OPERATIONAL DATA
           TABLE 85 ELECTRIC BUS DATA BASED ON SEATING CAPACITY
           16.2.1 ASSUMPTIONS
           16.2.2 RESEARCH METHODOLOGY
     16.3 UP TO 40 SEATS
           16.3.1 EASY MANEUVERING ON COMPACT ROADS TO DRIVE SEGMENT
     16.4 40–70 SEATS
           16.4.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR PUBLIC TRANSPORT FLEET TO DRIVE SEGMENT
     16.5 ABOVE 70 SEATS
           16.5.1 GROWING ARTICULATED ELECTRIC BUSES TO DRIVE SEGMENT
     16.6 KEY INDUSTRY INSIGHTS

17 ELECTRIC BUS MARKET, BY REGION (Page No. - 168)
     17.1 INTRODUCTION
             FIGURE 49 MARKET, BY REGION, 20222027 (UNITS)
             TABLE 86 MARKET, BY REGION, 2018–2021 (UNITS)
             TABLE 87 MARKET, BY REGION, 2022–2027 (UNITS)
     17.2 ASIA PACIFIC
             FIGURE 50 ASIA PACIFIC: MARKET SNAPSHOT
             TABLE 88 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (UNITS)
             TABLE 89 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (UNITS)
           17.2.1 CHINA
                        17.2.1.1 Widespread adoption in public transport and presence of leading OEMs to drive market
                                     TABLE 90 CHINA: MARKET, BY PROPULSION, 2018–2021(UNITS)
                                     TABLE 91 CHINA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.2.2 JAPAN
                        17.2.2.1 Focus on advanced fuel cell buses to drive market
                                     TABLE 92 JAPAN: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 93 JAPAN: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.2.3 INDIA
                        17.2.3.1 Government support for electrification of public transport to drive market
                                     TABLE 94 INDIA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 95 INDIA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.2.4 SOUTH KOREA
                        17.2.4.1 Focus on electrifying public transport fleets to drive market
                                     TABLE 96 SOUTH KOREA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 97 SOUTH KOREA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.2.5 SINGAPORE
                        17.2.5.1 Aim for green public transport by 2040 to drive market
                                     TABLE 98 SINGAPORE: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 99 SINGAPORE: MARKET, BY PROPULSION, 2022–2027 (UNITS)
     17.3 EUROPE
           FIGURE 51 EUROPE: MARKET, BY COUNTRY, 2021 (UNITS)
           TABLE 100 EUROPE: MARKET, BY COUNTRY, 2018–2021 (UNITS)
           TABLE 101 EUROPE: MARKET, BY COUNTRY, 2022–2027 (UNITS)
           17.3.1 FRANCE
                        17.3.1.1 Promotion of pure battery-electric buses for Olympics 2024 to drive market
                                     TABLE 102 FRANCE: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 103 FRANCE: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.2 GERMANY
                        17.3.2.1 Government incentives and investments to drive market
                                     TABLE 104 GERMANY: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 105 GERMANY: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.3 SPAIN
                        17.3.3.1 Government focus on replacing existing public transport fleet to drive market
                                     TABLE 106 SPAIN: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 107 SPAIN: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.4 AUSTRIA
                        17.3.4.1 Growing emission concerns to drive market
                                     TABLE 108 AUSTRIA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 109 AUSTRIA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.5 NORWAY
                        17.3.5.1 Government support and schemes to drive market
                                     TABLE 110 NORWAY: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 111 NORWAY: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.6 SWEDEN
                        17.3.6.1 Presence of market-leading OEMs to drive market
                                     TABLE 112 SWEDEN: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 113 SWEDEN: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.7 SWITZERLAND
                        17.3.7.1 Favorable government regulations to drive market
                                     TABLE 114 SWITZERLAND: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 115 SWITZERLAND: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.8 NETHERLANDS
                        17.3.8.1 Increasing orders and deliveries of electric buses to drive market
                                     TABLE 116 NETHERLANDS: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 117 NETHERLANDS: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.9 BELGIUM
                        17.3.9.1 Investments in electrification and emission-free transport to drive market
                                     TABLE 118 BELGIUM: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 119 BELGIUM: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.10 UK
                        17.3.10.1 Favorable regulations for emission-free buses to drive market
                                     TABLE 120 UK: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 121 UK: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.3.11 TURKEY
                        17.3.11.1 Continuous advancements in technology to drive market
                                     TABLE 122 TURKEY: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 123 TURKEY: MARKET, BY PROPULSION, 2022–2027 (UNITS)
     17.4 NORTH AMERICA
           FIGURE 52 NORTH AMERICA: MARKET SNAPSHOT
           TABLE 124 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
           TABLE 125 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
           17.4.1 US
                        17.4.1.1 Government programs for zero-emission vehicles to drive market
                                     TABLE 126 US: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 127 US: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.4.2 CANADA
                        17.4.2.1 Growing investments and adoption of electric school buses to drive market
                                     TABLE 128 CANADA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 129 CANADA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
     17.5 LATIN AMERICA
           FIGURE 53 LATIN AMERICA: MARKET, BY COUNTRY, 2022-2027 (UNITS)
           TABLE 130 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
           TABLE 131 LATIN AMERICA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
           17.5.1 ARGENTINA
                        17.5.1.1 Shift toward electrification of bus fleets to drive market
                                     TABLE 132 ARGENTINA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 133 ARGENTINA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.5.2 BRAZIL
                        17.5.2.1 Growing environmental concerns to drive market
                                     TABLE 134 BRAZIL: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 135 BRAZIL: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.5.3 CHILE
                        17.5.3.1 Government focus on emission-free public transport to drive market
                                     TABLE 136 CHILE: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 137 CHILE: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.5.4 MEXICO
                        17.5.4.1 Electrification of trolleybuses to drive market
                                     TABLE 138 MEXICO: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 139 MEXICO: MARKET, BY PROPULSION, 2022–2027 (UNITS)
     17.6 MIDDLE EAST & AFRICA
           FIGURE 54 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022- 2027 (UNITS)
           TABLE 140 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
           TABLE 141 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2027 (UNITS)
           17.6.1 EGYPT
                        17.6.1.1 Adoption of electric buses for military purposes to drive market
                                     TABLE 142 EGYPT: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 143 EGYPT: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.6.2 SOUTH AFRICA
                        17.6.2.1 Investments from leading OEMs to drive market
                                     TABLE 144 SOUTH AFRICA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 145 SOUTH AFRICA: MARKET, BY PROPULSION, 2022–2027 (UNITS)
           17.6.3 UAE
                        17.6.3.1 Growing electrification trend in cities to drive market
                                     TABLE 146 UAE: MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                     TABLE 147 UAE: MARKET, BY PROPULSION, 2022–2027 (UNITS)

18 COMPETITIVE LANDSCAPE (Page No. - 207)
     18.1 OVERVIEW
     18.2 MARKET SHARE ANALYSIS FOR ELECTRIC BUS MARKET
             TABLE 148 MARKET SHARE ANALYSIS, 2021
     18.3 MARKET SHARE ANALYSIS, 2021
             FIGURE 55 MARKET SHARE ANALYSIS, 2021
     18.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
             FIGURE 56 TOP PUBLIC/LISTED PLAYERS DOMINATING MARKET DURING LAST FIVE YEARS
     18.5 OEM SALES OF ELECTRIC BUSES, 2020 VS 2021
             TABLE 149 ELECTRIC BUS SALES OF TOP PLAYERS, 2020 VS 2021
     18.6 COMPETITIVE SCENARIO
           18.6.1 NEW PRODUCT LAUNCHES
                      TABLE 150 NEW PRODUCT LAUNCHES, 2018–2022
           18.6.2 DEALS
                      TABLE 151 DEALS, 2018–2022
                      TABLE 152 OTHERS, 2018-2022
     18.7 COMPANY EVALUATION QUADRANT
           18.7.1 STARS
           18.7.2 EMERGING LEADERS
           18.7.3 PERVASIVE
           18.7.4 PARTICIPANTS
                      FIGURE 57 MARKET: COMPANY EVALUATION QUADRANT, 2021
                      TABLE 153 MARKET: COMPANY FOOTPRINT, 2021
                      TABLE 154 MARKET: PRODUCT FOOTPRINT, 2021
                      TABLE 155 MARKET: REGIONAL FOOTPRINT, 2021
     18.8 START-UP/SME EVALUATION QUADRANT
           18.8.1 PROGRESSIVE COMPANIES
           18.8.2 RESPONSIVE COMPANIES
           18.8.3 DYNAMIC COMPANIES
           18.8.4 STARTING BLOCKS
                      FIGURE 58 MARKET: START-UP/SME EVALUATION QUADRANT, 2021
                      TABLE 156 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                      TABLE 157 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES]
     18.9 RIGHT TO WIN, 2019-2022
           TABLE 158 WINNERS VS. TAIL-ENDERS

19 WHO SUPPLIES WHOM DATA (Page No. - 222)
           TABLE 159 WHO SUPPLIES WHOM DATA

20 COMPANY PROFILES (Page No. - 226)
     (Business overview, Products offered, Recent developments & MnM View)* 
     20.1 KEY PLAYERS
           20.1.1 BYD
                      TABLE 160 BYD: BUSINESS OVERVIEW
                      FIGURE 59 BYD: COMPANY SNAPSHOT
                      TABLE 161 BYD: PRODUCTS OFFERED
                      TABLE 162 BYD: NEW PRODUCT DEVELOPMENTS
                      TABLE 163 BYD: DEALS
                      TABLE 164 BYD: OTHERS
           20.1.2 YUTONG
                      TABLE 165 YUTONG BUS PRODUCTION OUTPUT AND REGIONAL DISTRIBUTION DATA, 2020
                      TABLE 166 YUTONG: BUSINESS OVERVIEW
                      FIGURE 60 YUTONG: COMPANY SNAPSHOT
                      TABLE 167 YUTONG: PRODUCTS OFFERED
                      TABLE 168 YUTONG: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                      TABLE 169 YUTONG: DEALS
                      TABLE 170 YUTONG: OTHERS
           20.1.3 PROTERRA
                      TABLE 171 PROTERRA: BUSINESS OVERVIEW
                      TABLE 172 REVENUE OVERVIEW (USD)
                      TABLE 173 PROTERRA: PRODUCTS OFFERED
                      TABLE 174 PROTERRA: NEW PRODUCT DEVELOPMENTS
                      TABLE 175 PROTERRA: DEALS
                      TABLE 176 PROTERRA: OTHERS
           20.1.4 VDL GROEP
                      TABLE 177 VDL GROEP: BUSINESS OVERVIEWS
                      FIGURE 61 VDL GROEP: COMPANY SNAPSHOT
                      TABLE 178 VDL GROEP: PRODUCTS OFFERED
                      TABLE 179 VDL GROEP: NEW PRODUCT DEVELOPMENTS
                      TABLE 180 VDL GROEP: DEALS
           20.1.5 AB VOLVO
                      TABLE 181 REGION-WISE NUMBER OF BUSES DELIVERED ACROSS THE WORLD
                      TABLE 182 AB VOLVO: BUSINESS OVERVIEW
                      FIGURE 62 AB VOLVO: COMPANY SNAPSHOT
                      TABLE 183 AB VOLVO: PRODUCTS OFFERED
                      TABLE 184 AB VOLVO: NEW PRODUCT DEVELOPMENTS
                      TABLE 185 AB VOLVO: DEALS
           20.1.6 DAIMLER AG
                      TABLE 186 DAIMLER AG: BUSINESS OVERVIEW
                      FIGURE 63 DAIMLER AG: COMPANY SNAPSHOT
                      TABLE 187 DAIMLER AG: PRODUCTS OFFERED
                      TABLE 188 DAIMLER AG: NEW PRODUCT DEVELOPMENTS
                      TABLE 189 DAIMLER AG: DEALS
                      TABLE 190 DAIMLER AG: OTHERS
           20.1.7 NFI GROUP
                      TABLE 191 NFI GROUP: BUSINESS OVERVIEW
                      FIGURE 64 NFI GROUP: COMPANY SNAPSHOT
                      TABLE 192 NFI GROUP: PRODUCTS OFFERED
                      TABLE 193 NFI GROUP: NEW PRODUCT DEVELOPMENTS
                      TABLE 194 NFI GROUP: DEALS
                      TABLE 195 NFI GROUP: OTHERS
           20.1.8 CAF (SOLARIS)
                      TABLE 196 CAF (SOLARIS): BUSINESS OVERVIEW
                      FIGURE 65 CAF (SOLARIS): COMPANY SNAPSHOT
                      TABLE 197 CAF (SOLARIS): PRODUCTS OFFERED
                      TABLE 198 CAF (SOLARIS): NEW PRODUCT DEVELOPMENTS
                      TABLE 199 CAF (SOLARIS): DEALS
           20.1.9 EBUSCO
                      TABLE 200 EBUSCO: BUSINESS OVERVIEW
                      TABLE 201 EBUSCO: PRODUCTS OFFERED
                      TABLE 202 EBUSCO: NEW PRODUCT DEVELOPMENTS
                      TABLE 203 EBUSCO: DEALS
           20.1.10 KING LONG
                      TABLE 204 KING LONG: BUSINESS OVERVIEW
                      TABLE 205 KING LONG: PRODUCTS OFFERED
                      TABLE 206 KING LONG: NEW PRODUCT DEVELOPMENTS
                      TABLE 207 KING LONG: DEALS
           20.1.11 ANKAI
                      TABLE 208 ANKAI: BUSINESS OVERVIEW
                      TABLE 209 ANKAI: PRODUCTS OFFERED
           20.1.12 ZHONGTONG BUS HOLDING
                      TABLE 210 ZHONGTONG BUS HOLDING: BUSINESS OVERVIEW
                      TABLE 211 ZHONGTONG BUS HOLDING: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies. 
     20.2 OTHER KEY PLAYERS
           20.2.1 BLUE BIRD CORPORATION
           20.2.2 GILLIG LLC
           20.2.3 THE LION ELECTRIC COMPANY
           20.2.4 TATA MOTORS
           20.2.5 ASHOK LEYLAND
           20.2.6 CHANGSHA SUNDA NEW ENERGY TECHNOLOGY CO. LTD.
           20.2.7 OLECTRA GREENTECH
           20.2.8 YINLONG ENERGY
           20.2.9 GOLDEN DRAGON
           20.2.10 JBM AUTO LIMITED
           20.2.11 SCANIA
           20.2.12 IRIZAR
           20.2.13 IVECO
           20.2.14 SKODA
           20.2.15 BLUE BUS
           20.2.16 BOZANKAYA
           20.2.17 CAETANOBUS
           20.2.18 CHARIOT MOTORS
           20.2.19 HEULIEZ BUS
           20.2.20 HYBRICON
           20.2.21 OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.ή.
           20.2.22 RAMPINI CARLO
           20.2.23 SOR LIBCHAVY
           20.2.24 TEMSA
           20.2.25 URSUS BUS
           20.2.26 VAN HOOL NV
           20.2.27 KARSAN

21 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 289)
     21.1 ASIA PACIFIC WILL BE A MAJOR ELECTRIC BUS MARKET
     21.2 BATTERY ELECTRIC BUS CAN BE KEY FOCUS AREA FOR MANUFACTURERS
     21.3 CONCLUSION

22 APPENDIX (Page No. - 291)
     22.1 KEY INSIGHTS OF INDUSTRY EXPERTS
     22.2 DISCUSSION GUIDE
     22.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     22.4 AVAILABLE CUSTOMIZATIONS
     22.5 RELATED REPORTS
     22.6 AUTHOR DETAILS

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 websites, 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 this 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 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 Size, and Share

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:

  • Key players in the electric bus market were identified through secondary research, and their market shares were determined through primary and secondary research
  • The research methodology included the study of the annual and quarterly financial reports & regulatory filings of major market players, as well as interviews with industry experts for detailed market insights
  • All major penetration rates, percentage shares, splits, and breakdowns for the electric bus market were determined using secondary sources and verified through primary sources
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report

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 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 (private 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 component (battery, motor, fuel cell stack, Battery Management system, Battery cooling System and EV connectors)
  • 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 segment and forecast the market size by battery type (Lithium- Nickel- Manganese- Cobalt-Oxide, Lithium- Iron- Phosphate, Others)
  • To segment and forecast the market size by seating capacity (up to 40 seats, 40-70 seats, above 70 seats)
  • To segment the market by level of autonomy (semi-autonomous and autonomous)
  • To forecast the 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)
  • Market, By Length of Bus at country level (For countries covered in the report)
  • Market, By Application at country level (For countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
Report Code
AT 7483
Published ON
Mar, 2022
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