Electric Bus Market

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

Report Code: AT 7483 Apr, 2021, by marketsandmarkets.com

[291 Pages Report] The global electric bus market size is projected to reach 704 thousand units by 2027 from 81 thousand units in 2021, at a CAGR of 43.1%. Increasing focus of countries on promoting electrification of mass transit solutions and government support are propelling the growth of the electric bus 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.

Electric Bus Market

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Impact of COVID- 19 on Electric Bus Market

COVID-19 has had a significant impact on the electric bus market. Both the production and COVID-19 has had a significant impact on the electric bus market. Both the production and sales of new electric bus came to a halt across the globe as the whole ecosystem got disrupted. OEMs had to wait until lockdowns were lifted to resume production, which affected their business. Post the pandemic, the demand for new electric bus is expected to show an increase with economies recovering steadily. Nevertheless, another wave of COVID-19 due to newer strains may hamper the recovery in some countries. Subsequently, electric bus manufacturers would need to adjust the production volume based on the COVID-19 scenario across different countries. Component manufacturing was also suspended during the COVID-19 outbreak, with small Tier II and Tier III manufacturers facing liquidity issues. Thus, production suspension during the outbreak and lower demand post the pandemic might have an unprecedented impact on electric bus providers. In addition, the second wave in India is expected to affect the sales of vehicles, in turn, affecting the growth of the electric bus market.

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

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. For instance, the Swiss government plans to increase the penetration of electric vehicles to 15% by 2022. The country 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, reduce noise levels, and increase fuel efficiency. The increasing stringency of emission norms in several countries has compelled manufacturers to adopt electric technology. Asia Pacific leads the market for electric buses due to the high adoption of electric buses in China, as of 2020.

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

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 2018, London has almost 2,500 electric buses in use and plans to increase this to 9,200 electric buses by 2037. The Mayor of London has budgeted USD 105.72 million to retrofit 5,000 buses with the latest green engine technology to reduce exhaust emissions. Countries such as China and India also plan to introduce zero-emission commercial buses in the near future. The Indian government has started an incentive scheme in 2017 to promote multimodal public transport by granting USD 16.2 million to cities with more than 1 million people.

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 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.

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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.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2027

Base year considered

2020

Forecast period

2021–2027

Forecast units

Volume (Units) and Value (USD Million)

Segments covered

Propulsion Type, Consumer Segment, Application, Vehicle Range, Length of Bus, Component, Battery Capacity, Power Output, Battery Type 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), AB Volvo (Sweden) and Others
A total of 41 major company profiles covered and provided

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

Based on propulsion type:

  • BEV
  • PHEV
  • FCEV

Based on the consumer segment:

  • Fleet Operator
  • Government

Based on application:

  • Intercity
  • Intracity

Based on the length of bus type:

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

Based on Vehicle range:

  • less than 200 miles
  • Above 200 miles

Based on battery capacity:

  • Upto 400 kWh
  • Above 400 kWh

Based on power output:

  • Upto 250 kW
  • Above 250 kW

Based of battery type:

  • Lithium- Nickel- Manganese- Cobalt-Oxide
  • Lithium- Iron- Phosphate
  • Others

Based on component (qualitative):

  • Motor
  • Battery
  • Fuel Cell Stack
  • Battery Management System
  • Battery Cooling System
  • EV Connectors

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 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • In September 2018, CAF Group acquired Solaris Bus and Coach to enter into the global electric bus market.

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: ELECTRIC BUS MARKET
           1.3.1 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY & PRICING
           TABLE 2 CURRENCY EXCHANGE
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 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
    2.2 SECONDARY DATA
           2.2.1 KEY SECONDARY SOURCES FOR ELECTRIC BUS MARKET
           2.2.2 KEY DATA FROM SECONDARY SOURCES
    2.3 PRIMARY DATA
           FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
           2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
           2.3.2 PRIMARY PARTICIPANTS
    2.4 MARKET ESTIMATION METHODOLOGY
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.5 MARKET SIZE ESTIMATION
           2.5.1 BOTTOM-UP APPROACH
           2.5.2 BOTTOM-UP APPROACH: ELECTRIC BUS MARKET
           2.5.3 TOP-DOWN APPROACH: ELECTRIC BUS MARKET
                    FIGURE 6 ELECTRIC BUS MARKET: RESEARCH DESIGN AND METHODOLOGY
           2.5.4 DEMAND SIDE APPROACH
           2.5.5 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
    2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.7 FACTOR ANALYSIS
    2.8 RESEARCH ASSUMPTIONS
    2.9 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 8 ELECTRIC BUS MARKET: MARKET DYNAMICS
    FIGURE 9 ELECTRIC BUS MARKET, BY REGION, 2021–2027
    FIGURE 10 ELECTRIC BUS MARKET, BY PROPULSION, 2021 VS. 2027
    FIGURE 11 IMPACT OF COVID-19 ON THE ELECTRIC BUS MARKET, 2021–2027

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE ELECTRIC BUS MARKET
           FIGURE 12 INCREASING DEMAND FOR FUEL-EFFICIENT AND EMISSION-FREE VEHICLES IS EXPECTED TO BOOST THE ELECTRIC BUS MARKET
    4.2 ELECTRIC BUS MARKET, BY REGION
           FIGURE 13 ASIA PACIFIC IS ESTIMATED TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2021
    4.3 ELECTRIC BUS MARKET, BY CONSUMER SEGMENT
           FIGURE 14 GOVERNMENT SEGMENT IS PROJECTED TO BE THE LARGER MARKET, 2021 VS. 2027 (UNITS)
    4.4 ELECTRIC BUS MARKET, BY PROPULSION
           FIGURE 15 BEV IS PROJECTED TO BE THE LARGEST SEGMENT IN THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)
    4.5 ELECTRIC BUS MARKET, BY VEHICLE RANGE
           FIGURE 16 UP TO 200 MILES IS PROJECTED TO BE THE LARGER SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)
    4.6 ELECTRIC BUS MARKET, BY LENGTH OF BUS
           FIGURE 17 9-14 M IS PROJECTED TO BE THE LARGEST SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)
    4.7 ELECTRIC BUS MARKET, BY APPLICATION
           FIGURE 18 INTRACITY IS PROJECTED TO BE THE LARGER SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)
    4.8 ELECTRIC BUS MARKET, BY POWER OUTPUT
           FIGURE 19 UP TO 250 KW IS PROJECTED TO BE THE LARGER SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)
    4.9 ELECTRIC BUS MARKET, BY COMPONENT
           FIGURE 20 BATTERY IS PROJECTED TO BE THE LARGEST SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (USD MILLION)
    4.10 ELECTRIC BUS MARKET, BY BATTERY CAPACITY
           FIGURE 21 UP TO 400 KWH IS PROJECTED TO BE THE LARGER SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)
    4.11 ELECTRIC BUS MARKET, BY BATTERY TYPE
           FIGURE 22 LITHIUM-IRON-PHOSPHATE BATTERY IS PROJECTED TO BE THE LARGEST SEGMENT OF THE ELECTRIC BUS MARKET, 2021 VS. 2027 (UNITS)

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
           TABLE 3 IMPACT OF MARKET DYNAMICS
    5.2 MARKET DYNAMICS
           FIGURE 23 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 24 DECLINE IN BATTERY PRICE/KWH, 2010–2020
                    5.2.1.3 Lower emission compared to other vehicles
                               5.2.1.3.1 Fuel cell product lifecycle
                                            FIGURE 25 FUEL CELL PRODUCT LIFECYCLE
                                            TABLE 4 POTENTIAL MARKET FOR NEW ZERO-EMISSION BUSES PER YEAR ACROSS EUROPE
           5.2.2 RESTRAINTS
                    5.2.2.1 High development cost
                               FIGURE 26 AVERAGE COST OF DIESEL BUS VS. ELECTRIC BUS
                    5.2.2.2 Procurement concerns related to raw materials
                    5.2.2.3 Concerns over battery safety
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Government support for electrification of public transport
                               TABLE 5 GOVERNMENT PROGRAMS TO PROMOTE ELECTRIC BUSES
                    5.2.3.2 New revenue pockets in Asia Pacific and Northern Europe
                    5.2.3.3 Implementation of stringent emission norms and environmental regulations
                               TABLE 6 KEY COUNTRIES: EMISSION REGULATION SPECIFICATIONS OVERVIEW, BY FUEL TYPE, 2016–2021
           5.2.4 CHALLENGES
                    5.2.4.1 Limited battery capacity
                               TABLE 7 BATTERY CAPACITIES OF POPULAR ELECTRIC BUSES
                    5.2.4.2 Lack of charging infrastructure
                               TABLE 8 INDIA: SPECIFICATIONS OF CHARGING INFRASTRUCTURE
                    5.2.4.3 High initial investments
    5.3 PORTER’S FIVE FORCES
           FIGURE 27 PORTER’S FIVE FORCES: ELECTRIC BUS MARKET
           TABLE 9 ELECTRIC BUS MARKET: IMPACT OF PORTERS 5 FORCES
           5.3.1 THREAT OF SUBSTITUTES
                    FIGURE 28 DEVELOPMENT OF BATTERY TECHNOLOGIES MAKES THREAT OF SUBSTITUTES HIGH
           5.3.2 THREAT OF NEW ENTRANTS
                    FIGURE 29 GOVERNMENT BACKING MARKET GROWTH MAKES NEW ENTRY FAIRLY EASY
           5.3.3 BARGAINING POWER OF BUYERS
                    FIGURE 30 INCREASING DEMAND FOR ELECTRIC BUSES MAKES BARGAINING POWER OF BUYERS HIGH
           5.3.4 BARGAINING POWER OF SUPPLIERS
                    FIGURE 31 LARGE NUMBER OF SUPPLIERS MAKES BARGAINING POWER OF SUPPLIERS MEDIUM
           5.3.5 DEGREE OF COMPETITION
                    FIGURE 32 LARGE NUMBER OF PLAYERS LEADS TO HIGH DEGREE OF COMPETITION IN ELECTRIC BUS MARKET
    5.4 EXISTING AND UPCOMING ELECTRIC BUS MODELS
           TABLE 10 EXISTING AND UPCOMING ELECTRIC BUS MODELS
    5.5 ELECTRIC BUS MARKET ECOSYSTEM
           FIGURE 33 ELECTRIC BUS MARKET: ECOSYSTEM ANALYSIS
           TABLE 11 ELECTRIC BUS MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.6 VALUE CHAIN ANALYSIS
           FIGURE 34 VALUE CHAIN ANALYSIS: ELECTRIC BUS
    5.7 AVERAGE SELLING PRICE TREND
           TABLE 12 ELECTRIC BUS MARKET: PRICE RANGE ANALYSIS, 2021 (USD)
           FIGURE 35 DECREASING COST OF FUEL CELL
           FIGURE 36 FUEL CELL SYSTEM COST, 2006–2025
           FIGURE 37 FUEL CELL SYSTEM & FUEL CELL STACK COST
    5.8 PATENT ANALYSIS
    5.9 REGULATORY OVERVIEW
           5.9.1 NORTH AMERICA
                    TABLE 13 NORTH AMERICA: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
           5.9.2 EUROPE
                    TABLE 14 EUROPE: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
           5.9.3 ASIA PACIFIC
                    TABLE 15 ASIA PACIFIC: POLICIES & INITIATIVES SUPPORTING HYDROGEN-POWERED VEHICLES & HYDROGEN INFRASTRUCTURE
    5.10 CASE STUDY
           5.10.1 ADOPTION OF ELECTRIC BUSES AS PUBLIC TRANSPORT IN FINLAND
           5.10.2 CHILE GOVERNMENT’S P0LICIES FOR E-BUSES AS THE FUTURE OF PUBLIC TRANSPORT
                    TABLE 16 CASE STUDY: ELECTRIC BUS ADOPTION IN CITIES
    5.11 TRADE/REGISTRATION DATA
           TABLE 17 NEW REGISTRATIONS OF ELECTRIC BUSES, BY COUNTRY/REGION (UNITS)
           TABLE 18 PRIMARY MARKETS FOR ELECTRIC BUSES, BY OEM (UNITS)
    5.12 REVENUE SHIFT FOR ELECTRIC BUS MANUFACTURERS
    5.13 TECHNOLOGY ANALYSIS
           5.13.1 INNOVATIVE CHARGING SOLUTIONS
                    5.13.1.1 Off-board top-down pantograph charging system
                    5.13.1.2 On-board bottom-up pantograph charging system
                    5.13.1.3 Ground-based static/Dynamic charging system
           5.13.2 PACKAGED FUEL CELL SYSTEM MODULE
                    FIGURE 38 TOYOTA’S NEW PACKAGED FUEL CELL SYSTEM MODULE
           5.13.3 METHANE FUEL CELLS
    5.14 ELECTRIC BUS MARKET: COVID-19 IMPACT
           5.14.1 IMPACT ON RAW MATERIAL SUPPLY
           5.14.2 COVID-19 IMPACT ON AUTOMOTIVE INDUSTRY
           5.14.3 OEM ANNOUNCEMENTS
                    TABLE 19 OEM ANNOUNCEMENTS
           5.14.4 IMPACT ON AUTOMOTIVE PRODUCTION
    5.15 ELECTRIC BUS MARKET, SCENARIOS (2021–2027)
           5.15.1 ELECTRIC BUS MARKET, MOST LIKELY SCENARIO
                    TABLE 20 ELECTRIC BUS MARKET (MOST LIKELY), BY REGION, 2021–2027 (UNITS)
           5.15.2 ELECTRIC BUS MARKET, OPTIMISTIC SCENARIO
                    TABLE 21 ELECTRIC BUS MARKET (OPTIMISTIC), BY REGION, 2021–2027 (UNITS)
           5.15.3 ELECTRIC BUS MARKET, PESSIMISTIC SCENARIO
                    TABLE 22 ELECTRIC BUS MARKET (PESSIMISTIC), BY REGION, 2021–2027 (UNITS)

6 ELECTRIC BUS MARKET, BY PROPULSION (Page No. - 92)
    6.1 INTRODUCTION
           FIGURE 39 BEV SEGMENT TO DOMINATE THE ELECTRIC BUS MARKET DURING THE FORECAST PERIOD
           TABLE 23 ELECTRIC BUS MARKET SIZE, BY PROPULSION, 2017–2020 (UNITS)
           TABLE 24 ELECTRIC BUS MARKET SIZE, BY PROPULSION, 2021–2027 (UNITS)
    6.2 OPERATIONAL DATA
           TABLE 25 ELECTRIC BUS DATA BASED ON PROPULSION TYPE
           6.2.1 ASSUMPTIONS
           6.2.2 RESEARCH METHODOLOGY
                    6.2.2.1 Fuel cell bus development & deployment announcements
                               TABLE 26 FUEL CELL BUS DEVELOPMENT & DEPLOYMENT ANNOUNCEMENT
    6.3 BEV
           6.3.1 INCREASING DEMAND FOR ZERO-EMISSION VEHICLES WILL BOOST THE SEGMENT
                    TABLE 27 BEV: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 28 BEV: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    6.4 FCEV
           6.4.1 OEM SHIFT IN FUTURE WOULD DRIVE THE SEGMENT
                    TABLE 29 FCEV: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 30 FCEV: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    6.5 PHEV
           6.5.1 ASIA PACIFIC IS PROJECTED TO DOMINATE THE PHEV SEGMENT
                    TABLE 31 PHEV: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 32 PHEV: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    6.6 KEY INDUSTRY INSIGHTS

7 ELECTRIC BUS MARKET, BY LENGTH OF BUS (Page No. - 103)
    7.1 INTRODUCTION
           FIGURE 40 9–14 M SEGMENT TO DOMINATE THE ELECTRIC BUS MARKET DURING THE FORECAST PERIOD
           TABLE 33 ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2017–2020 (UNITS)
           TABLE 34 ELECTRIC BUS MARKET SIZE, BY LENGTH OF BUS, 2021–2027 (UNITS)
    7.2 OPERATIONAL DATA
           TABLE 35 ELECTRIC BUS DATA BASED ON LENGTH OF BUS
           7.2.1 ASSUMPTIONS
           7.2.2 RESEARCH METHODOLOGY
    7.3 LESS THAN 9 M
           7.3.1 EASY MANOEUVRING ON COMPACT ROADS TO DRIVE THE SEGMENT
                    TABLE 36 LESS THAN 9 M: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 37 LESS THAN 9 M: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    7.4 9–14 M
           7.4.1 HIGH ADOPTION RATE OF ELECTRIC BUSES AS PUBLIC TRANSPORT FLEET TO DRIVE THE SEGMENT
                    TABLE 38 9–14 M: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 39 9–14 M: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    7.5 ABOVE 14 M
           7.5.1 GROWING ARTICULATED ELECTRIC BUSES TO DRIVE THE SEGMENT
                    TABLE 40 ABOVE 14 M: ELECTRIC BUS MARKET, BY REGION, 2017–2021 (UNITS)
                    TABLE 41 ABOVE 14 M: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    7.6 KEY INDUSTRY INSIGHTS

8 ELECTRIC BUS MARKET, BY COMPONENT (Page No. - 112)
    8.1 INTRODUCTION
           TABLE 42 ELECTRIC BUS MARKET SIZE, BY COMPONENT, 2017–2020 (USD MILLION)
           TABLE 43 ELECTRIC BUS MARKET SIZE, BY COMPONENT, 2021–2027 (USD MILLION)
           8.1.1 ASSUMPTIONS
           8.1.2 RESEARCH METHODOLOGY
    8.2 MOTOR
    8.3 BATTERY
    8.4 FUEL CELL STACK
    8.5 BATTERY MANAGEMENT SYSTEM
    8.6 BATTERY COOLING SYSTEM
    8.7 EV CONNECTORS
    8.8 KEY INDUSTRY INSIGHTS

9 ELECTRIC BUS MARKET, BY VEHICLE RANGE (Page No. - 119)
    9.1 INTRODUCTION
           FIGURE 42 UP TO 200 MILES SEGMENT TO DOMINATE THE MARKET
           TABLE 44 ELECTRIC BUS MARKET, BY RANGE, 2017–2020 (UNITS)
           TABLE 45 ELECTRIC BUS MARKET, BY RANGE, 2021–2027 (UNITS)
    9.2 OPERATIONAL DATA
           TABLE 46 ELECTRIC BUS DATA BASED ON VEHICLE RANGE
           9.2.1 ASSUMPTIONS
                    TABLE 47 ASSUMPTIONS: BY VEHICLE RANGE
    9.3 RESEARCH METHODOLOGY
    9.4 UP TO 200 MILES
           9.4.1 DOMINANT USAGE IN CHINESE BUS FLEETS TO DRIVE THE SEGMENT
                    TABLE 48 UP TO 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 49 UP TO 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    9.5 ABOVE 200 MILES
           9.5.1 ADVANCEMENTS IN BATTERY TECHNOLOGIES TO BOOST THE SEGMENT
                    TABLE 50 ABOVE 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                    TABLE 51 ABOVE 200 MILES: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
    9.6 KEY PRIMARY INSIGHTS
           FIGURE 43 KEY PRIMARY INSIGHTS

10 ELECTRIC BUS MARKET, BY BATTERY CAPACITY (Page No. - 127)
     10.1 INTRODUCTION
             FIGURE 44 UP TO 400 KWH SEGMENT TO LEAD THE MARKET
             TABLE 52 ELECTRIC BUS MARKET, BY BATTERY CAPACITY, 2017–2020 (UNITS)
             TABLE 53 ELECTRIC BUS MARKET, BY BATTERY CAPACITY, 2021–2027 (UNITS)
     10.2 OPERATIONAL DATA
             TABLE 54 ELECTRIC BUS DATA BASED ON BATTERY CAPACITY
             10.2.1 ASSUMPTIONS
                        TABLE 55 ASSUMPTIONS: BY BATTERY CAPACITY
             10.2.2 RESEARCH METHODOLOGY
                        TABLE 56 COMMERCIALLY AVAILABLE 40-FEET BUSES WITH BATTERY SIZE
     10.3 UP TO 400 KWH
             10.3.1 HIGH ADOPTION RATE OF ELECTRIC BUSES FOR INTRACITY TRANSPORTATION TO DRIVE THE SEGMENT
                        TABLE 57 UP TO 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2017–2027 (UNITS)
                        TABLE 58 UP TO 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     10.4 ABOVE 400 KWH
             10.4.1 INCREASING USE IN CHINESE ELECTRIC BUS FLEETS TO DRIVE THE SEGMENT
                         TABLE 59 ABOVE 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2017–2027 (UNITS)
                         TABLE 60 ABOVE 400 KWH: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     10.5 KEY INDUSTRY INSIGHTS

11 ELECTRIC BUS MARKET, BY POWER OUTPUT (Page No. - 135)
     11.1 INTRODUCTION
             FIGURE 45 UP TO 250 KW SEGMENT TO DOMINATE THE MARKET
             TABLE 61 ELECTRIC BUS MARKET, BY POWER OUTPUT, 2017–2020 (UNITS)
             TABLE 62 ELECTRIC BUS MARKET, BY POWER OUTPUT, 2021–2027 (UNITS)
     11.2 OPERATIONAL DATA
             TABLE 63 ELECTRIC BUS DATA BASED ON POWER OUTPUT
             11.2.1 ASSUMPTIONS
                        TABLE 64 ASSUMPTIONS: BY POWER OUTPUT
     11.3 RESEARCH METHODOLOGY
     11.4 UP TO 250 KW
             11.4.1 GROWING USAGE IN PUBLIC TRANSPORT BUSES TO DRIVE THE SEGMENT
                        TABLE 65 UP TO 250 KW: ELECTRIC BUS MARKET, BY REGION, 2017–2027 (UNITS)
                        TABLE 66 UP TO 250 KW: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     11.5 ABOVE 250 KW
             11.5.1 INCREASING DEMAND FOR ELECTRIC COACHES WITH HIGH POWER OUTPUT TO DRIVE THE SEGMENT
                        TABLE 67 ABOVE 250 KW: ELECTRIC BUS MARKET, BY REGION, 2017–2027 (UNITS)
                        TABLE 68 ABOVE 250 KW: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     11.6 KEY PRIMARY INSIGHTS
           FIGURE 46 KEY PRIMARY INSIGHTS

12 ELECTRIC BUS MARKET, BY BATTERY TYPE (Page No. - 143)
     12.1 INTRODUCTION
             FIGURE 47 LFP BATTERY SEGMENT TO DOMINATE ELECTRIC BUSES MARKET  DURING FORECAST PERIOD
             TABLE 69 ELECTRIC BUS MARKET SIZE, BY BATTERY TYPE, 2017–2020 (UNITS)
             TABLE 70 ELECTRIC BUS MARKET SIZE, BY BATTERY TYPE, 2021–2027 (UNITS)
     12.2 OPERATIONAL DATA
             TABLE 71 ELECTRIC BUS DATA, BATTERY TYPE
             12.2.1 ASSUMPTIONS
             12.2.2 RESEARCH METHODOLOGY
     12.3 LITHIUM-NICKEL-MANGANESE-COBALT OXIDE
     12.4 LITHIUM-IRON-PHOSPHATE
     12.5 OTHERS
     12.6 KEY INDUSTRY INSIGHTS

13 ELECTRIC BUS MARKET, BY APPLICATION (Page No. - 149)
     13.1 INTRODUCTION
             FIGURE 48 INCREASING DEMAND FOR ELECTRIFICATION OF LOCAL BUS FLEETS TO BOOST INTRACITY OPERATIONS
             TABLE 72 ELECTRIC BUS MARKET SIZE, BY APPLICATION, 2017–2020 (UNITS)
             TABLE 73 ELECTRIC BUS MARKET SIZE, BY APPLICATION, 2021–2027 (UNITS)
     13.2 OPERATIONAL DATA
             TABLE 74 ELECTRIC BUS DATA BASED ON APPLICATION
             13.2.1 ASSUMPTIONS
             13.2.2 RESEARCH METHODOLOGY
     13.3 INTERCITY
             13.3.1 DEVELOPMENTS IN BATTERY TECHNOLOGIES AND CHARGING SOLUTIONS TO DRIVE THE SEGMENT
                        TABLE 75 INTERCITY: ELECTRIC BUS MARKET, BY REGION, 2017- 2020 (UNITS)
                        TABLE 76 INTERCITY: ELECTRIC BUS MARKET, BY REGION, 2021- 2027 (UNITS)
     13.4 INTRACITY
             13.4.1 HIGH ADOPTION OF ELECTRIC BUSES IN PUBLIC TRANSPORT TO DRIVE THE SEGMENT
                        TABLE 77 INTRACITY: ELECTRIC BUS MARKET, BY REGION, 2017- 2020 (UNITS)
                        TABLE 78 INTRACITY: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     13.5 KEY INDUSTRY INSIGHTS

14 ELECTRIC BUS MARKET, BY CONSUMER SEGMENT (Page No. - 157)
     14.1 INTRODUCTION
             FIGURE 49 GOVERNMENT SEGMENT TO DOMINATE DURING THE FORECAST PERIOD
             TABLE 79 ELECTRIC BUS MARKET SIZE, BY CONSUMER, 2017–2020 (UNITS)
             TABLE 80 ELECTRIC BUS MARKET SIZE, BY CONSUMER, 2021–2027 (UNITS)
     14.2 OPERATIONAL DATA
             TABLE 81 ELECTRIC BUS DATA BASED ON OPERATOR TYPE
             14.2.1 ASSUMPTIONS
             14.2.2 RESEARCH METHODOLOGY
     14.3 PRIVATE
             14.3.1 GOVERNMENT SUPPORT AND LOW COST OF OPERATION TO DRIVE THE SEGMENT
                        TABLE 82 PRIVATE: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                        TABLE 83 PRIVATE: ELECTRIC BUS MARKET, BY REGION, 2021- 2027 (UNITS)
     14.4 GOVERNMENT
             14.4.1 FOCUS ON ADOPTION OF ELECTRIC BUSES FOR PUBLIC TRANSPORTATION TO DRIVE THE SEGMENT
                        TABLE 84 GOVERNMENT: ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
                        TABLE 85 GOVERNMENT: ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     14.5 KEY INDUSTRY INSIGHTS

15 ELECTRIC BUS MARKET, BY REGION (Page No. - 165)
     15.1 INTRODUCTION
             FIGURE 50 ELECTRIC BUS MARKET, BY REGION, 2021 VS. 2027 (UNITS)
             TABLE 86 ELECTRIC BUS MARKET, BY REGION, 2017–2020 (UNITS)
             TABLE 87 ELECTRIC BUS MARKET, BY REGION, 2021–2027 (UNITS)
     15.2 ASIA PACIFIC
             FIGURE 51 ASIA PACIFIC: ELECTRIC BUS MARKET SNAPSHOT
             TABLE 88 ASIA PACIFIC: ELECTRIC BUS MARKET, BY COUNTRY, 2017–2020 (UNITS)
             TABLE 89 ASIA PACIFIC: ELECTRIC BUS MARKET, BY COUNTRY, 2021–2027 (UNITS)
             15.2.1 CHINA
                        15.2.1.1 Widespread adoption in public transport and presence of leading OEMs to drive the market
                                     TABLE 90 CHINA: KEY GOVERNMENT POLICY MEASURES AND TARGETS TO ADVANCE DEPLOYMENT OF ELECTRIC BUSES AND COACHES
                                     TABLE 91 CHINA: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 92 CHINA: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.2.2 JAPAN
                        15.2.2.1 Focus on advanced fuel cell buses to drive the market
                                     TABLE 93 JAPAN: KEY GOVERNMENT POLICY MEASURES AND TARGETS TO ADVANCE DEPLOYMENT OF ELECTRIC BUSES
                                     TABLE 94 JAPAN: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 95 JAPAN: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.2.3 INDIA
                        15.2.3.1 Government support for electrification of public transport to drive the market
                                     TABLE 96 INDIA: KEY GOVERNMENT POLICY MEASURES AND TARGETS TO ADVANCE DEPLOYMENT OF ELECTRIC HEAVY-DUTY VEHICLES
                                     TABLE 97 INDIA: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 98 INDIA: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.2.4 SOUTH KOREA
                        15.2.4.1 Focus on electrifying public transport fleets to drive the market
                                     TABLE 99 SOUTH KOREA: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 100 SOUTH KOREA: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.2.5 SINGAPORE
                        15.2.5.1 Aim for green public transport by 2040 to drive the market
                                     TABLE 101 SINGAPORE: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 102 SINGAPORE: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
     15.3 EUROPE
             TABLE 103 KEY EV POLICY MEASURES AND TARGETS FOR EUROPEAN UNION
             FIGURE 52 EUROPE: ELECTRIC BUS MARKET, BY COUNTRY, 2021 VS. 2027 (UNITS)
             TABLE 104 EUROPE: ELECTRIC BUS MARKET, BY COUNTRY, 2017–2020 (UNITS)
             TABLE 105 EUROPE: ELECTRIC BUS MARKET, BY COUNTRY, 2021–2027 (UNITS)
             15.3.1 FRANCE
                        15.3.1.1 Promotion of pure battery electric buses with Olympics 2024 to drive the market
                                     TABLE 106 KEY EV POLICY MEASURES AND TARGETS FOR FRANCE
                                     TABLE 107 FRANCE: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 108 FRANCE: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.2 GERMANY
                        15.3.2.1 Government incentives and investments to drive the market
                                     TABLE 109 KEY EV POLICY MEASURES AND TARGETS FOR GERMANY
                                     TABLE 110 GERMANY: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 111 GERMANY: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.3 SPAIN
                        15.3.3.1 Government focus on replacing existing public transport fleet to drive the market
                                     TABLE 112 KEY EV POLICY MEASURES AND TARGETS FOR SPAIN
                                     TABLE 113 SPAIN: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 114 SPAIN: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.4 AUSTRIA
                        15.3.4.1 Growing emission concerns to drive the market
                                     TABLE 115 KEY EV POLICY MEASURES AND TARGETS FOR AUSTRIA
                                     TABLE 116 AUSTRIA: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 117 AUSTRIA: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.5 NORWAY
                        15.3.5.1 Government support and schemes to drive the market
                                     TABLE 118 KEY EV POLICY MEASURES AND TARGETS FOR NORWAY
                                     TABLE 119 NORWAY: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 120 NORWAY: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.6 SWEDEN
                        15.3.6.1 Presence of market-leading OEMs to drive the market
                                     TABLE 121 KEY EV POLICY MEASURES AND TARGETS FOR SWEDEN
                                     TABLE 122 SWEDEN: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 123 SWEDEN: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.7 SWITZERLAND
                        15.3.7.1 Favorable government regulations to drive the market
                                     TABLE 124 KEY EV POLICY MEASURES AND TARGETS FOR SWITZERLAND
                                     TABLE 125 SWITZERLAND: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 126 SWITZERLAND: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.8 NETHERLANDS
                        15.3.8.1 Increasing orders and deliveries of electric buses to drive the market
                                     TABLE 127 KEY EV POLICY MEASURES AND TARGETS FOR THE NETHERLANDS
                                     TABLE 128 NETHERLANDS: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 129 NETHERLANDS: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.9 BELGIUM
                        15.3.9.1 Investments in electrification and emission-free transport to drive the market
                                     TABLE 130 KEY EV POLICY MEASURES AND TARGETS FOR BELGIUM
                                     TABLE 131 BELGIUM: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 132 BELGIUM: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.10 UK
                        15.3.10.1 Favorable regulations for emission-free buses to drive the market
                                     TABLE 133 KEY EV POLICY MEASURES AND TARGETS FOR UK
                                     TABLE 134 UK: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 135 UK: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.3.11 TURKEY
                        15.3.11.1 Continuous advancements in technology to drive the market
                                     TABLE 136 TURKEY: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 137 TURKEY: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
     15.4 NORTH AMERICA
             FIGURE 53 NORTH AMERICA: ELECTRIC BUS MARKET SNAPSHOT
             TABLE 138 NORTH AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2017–2020 (UNITS)
             TABLE 139 NORTH AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2021–2027 (UNITS)
             15.4.1 US
                        15.4.1.1 Government programs for zero-emission vehicles to drive the market
                                     TABLE 140 US: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 141 US: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.4.2 CANADA
                        15.4.2.1 Growing investments and adoption of electric school buses to drive the market
                                     TABLE 142 CANADA: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 143 CANADA: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
     15.5 LATIN AMERICA
             FIGURE 54 LATIN AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2021 VS. 2027 (UNITS)
             TABLE 144 LATIN AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2017–2020 (UNITS)
             TABLE 145 LATIN AMERICA: ELECTRIC BUS MARKET, BY COUNTRY, 2021–2027 (UNITS)
             15.5.1 ARGENTINA
                        15.5.1.1 Shift toward electrification of bus fleets to drive the market
                                     TABLE 146 ARGENTINA: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 147 ARGENTINA: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.5.2 BRAZIL
                        15.5.2.1 Growing environmental concerns to drive the market
                                     TABLE 148 BRAZIL: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 149 BRAZIL: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.5.3 CHILE
                        15.5.3.1 Government focus on emission-free public transport to drive the market
                                     TABLE 150 CHILE: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 151 CHILE: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
             15.5.4 MEXICO
                        15.5.4.1 Electrification of trolley buses to drive the market
                                     TABLE 152 MEXICO: ELECTRIC BUS MARKET, BY PROPULSION, 2017–2020 (UNITS)
                                     TABLE 153 MEXICO: ELECTRIC BUS MARKET, BY PROPULSION, 2021–2027 (UNITS)
     15.6 MIDDLE EAST & AFRICA
             FIGURE 55 MIDDLE EAST & AFRICA: ELECTRIC BUS MARKET, BY COUNTRY, 2021 VS. 2027 (UNITS)
             TABLE 154 MIDDLE EAST & AFRICA: ELECTRIC BUS MARKET, BY COUNTRY, 2017–2020 (UNITS)
             TABLE 155 MIDDLE EAST & AFRICA: ELECTRIC BUS MARKET, BY COUNTRY, 2021–2027 (UNITS)
             15.6.1 EGYPT
                        15.6.1.1 Adoption of electric buses for military purposes to drive the market
                                     TABLE 156 EGYPT: ELECTRIC BUS MARKET, BY PROPULSION TYPE, 2017–2020 (UNITS)
                                     TABLE 157 EGYPT: ELECTRIC BUS MARKET, BY PROPULSION TYPE, 2021–2027 (UNITS)
             15.6.2 SOUTH AFRICA
                        15.6.2.1 Investments from leading OEMs to drive the market
                                     TABLE 158 SOUTH AFRICA: ELECTRIC BUS MARKET, BY PROPULSION TYPE, 2017–2020 (UNITS)
                                     TABLE 159 SOUTH AFRICA: ELECTRIC BUS MARKET, BY PROPULSION TYPE, 2021–2027 (UNITS)
             15.6.3 UAE
                        15.6.3.1 Growing electrification trend in cities to drive the market
                                     TABLE 160 UAE: ELECTRIC BUS MARKET, BY PROPULSION TYPE, 2017–2020 (UNITS)
                                     TABLE 161 UAE: ELECTRIC BUS MARKET, BY PROPULSION TYPE, 2021–2027 (UNITS)

16 COMPETITIVE LANDSCAPE (Page No. - 210)
     16.1 OVERVIEW
             FIGURE 56 KEY DEVELOPMENTS BY LEADING PLAYERS, 2018–2021
     16.2 MARKET SHARE ANALYSIS FOR ELECTRIC BUS MARKET
             TABLE 162 MARKET SHARE ANALYSIS, 2020
     16.3 MARKET SHARE ANALYSIS, 2020
     16.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
             FIGURE 57 TOP PUBLIC/LISTED PLAYERS DOMINATING THE ELECTRIC BUS MARKET DURING THE LAST FIVE YEARS
     16.5 OEM SALES OF ELECTRIC BUSES, 2020
             TABLE 163 SALES TOP PLAYERS OF ELECTRIC BUSES, 2020
             16.5.1 NEW PRODUCT DEVELOPMENTS
                        TABLE 164 NEW PRODUCT DEVELOPMENTS, 2018–2021
             16.5.2 DEALS
                        TABLE 165 DEALS, 2018–2021
             16.5.3 OTHERS
                        TABLE 166 EXPANSIONS, 2018–2021
     16.6 COMPETITIVE LEADERSHIP MAPPING
             16.6.1 STARS
             16.6.2 EMERGING LEADERS
             16.6.3 PERVASIVE
             16.6.4 PARTICIPANTS
                        FIGURE 58 ELECTRIC BUS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
                        TABLE 167 ELECTRIC BUS MARKET: COMPANY FOOTPRINT, 2021
                        TABLE 168 ELECTRIC BUS MARKET: COMPANY APPLICATION FOOTPRINT, 2021
             16.6.5 ELECTRIC BUS MARKET: REGIONAL FOOTPRINT, 2021
     16.7 SME COMPETITIVE LEADERSHIP MAPPING
             16.7.1 PROGRESSIVE COMPANIES
             16.7.2 RESPONSIVE COMPANIES
             16.7.3 DYNAMIC COMPANIES
             16.7.4 STARTING BLOCKS
                        FIGURE 59 SME ELECTRIC BUS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     16.8 WINNERS VS. TAIL-ENDERS
             TABLE 169 WINNERS VS. TAIL-ENDERS

17 COMPANY PROFILES (Page No. - 226)
     17.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)* 
             17.1.1 BYD
                        TABLE 170 BYD: BUSINESS OVERVIEW
                        FIGURE 60 BYD: COMPANY SNAPSHOT
                        TABLE 171 BYD: PRODUCTS OFFERED
                        TABLE 172 BYD: NEW PRODUCT DEVELOPMENTS
                        TABLE 173 BYD: DEALS
                        TABLE 174 BYD: OTHERS
                        TABLE 175 AUTOMOTIVE AND RELATED REVENUE SHARE OVER THE YEARS
             17.1.2 YUTONG
                        TABLE 176 YUTONG BUS PRODUCTION OUTPUT AND SALES DATA, 2019
                        TABLE 177 YUTONG: BUSINESS OVERVIEW
                        FIGURE 61 YUTONG: COMPANY SNAPSHOT
                        TABLE 178 YUTONG: PRODUCTS OFFERED
                        TABLE 179 YUTONG: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                        TABLE 180 YUTONG: DEALS
                        TABLE 181 YUTONG: OTHERS
             17.1.3 PROTERRA
                        TABLE 182 PROTERRA: BUSINESS OVERVIEW
                        TABLE 183 PROTERRA: PRODUCTS OFFERED
                        TABLE 184 PROTERRA: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                        TABLE 185 PROTERRA: DEALS
                        TABLE 186 PROTERRA: OTHERS
             17.1.4 VDL GROEP
                        TABLE 187 VDL GROEP: BUSINESS OVERVIEW
                        FIGURE 62 VDL GROEP: COMPANY SNAPSHOT
                        TABLE 188 PRODUCT OFFERINGS
                        TABLE 189 VDL GROEP: PRODUCTS OFFERED
                        TABLE 190 VDL GROEP: NEW PRODUCT DEVELOPMENTS
                        TABLE 191 VDL GROEP: DEALS
             17.1.5 AB VOLVO
                        TABLE 192 REGION-WISE NUMBER OF BUSES DELIVERED ACROSS THE WORLD
                        TABLE 193 AB VOLVO: BUSINESS OVERVIEW
                        FIGURE 63 AB VOLVO: COMPANY SNAPSHOT
                        TABLE 194 AB VOLVO: PRODUCTS OFFERED
                        TABLE 195 AB VOLVO: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                        TABLE 196 AB VOLVO: DEALS
             17.1.6 DAIMLER AG
                        TABLE 197 MAJOR MARKET SHARE OF DAIMLER BUSES
                        TABLE 198 DAIMLER: BUSINESS OVERVIEW
                        FIGURE 64 DAIMLER AG.: COMPANY SNAPSHOT
                        TABLE 199 DAIMLER: PRODUCTS OFFERED
                        TABLE 200 DAIMLER: NEW PRODUCT DEVELOPMENTS
                        TABLE 201 DAIMLER: DEALS
                        TABLE 202 DAIMLER: OTHERS
             17.1.7 NFI GROUP
                        TABLE 203 NFI GROUP: BUSINESS OVERVIEW
                        FIGURE 65 NFI GROUP: COMPANY SNAPSHOT
                        TABLE 204 NFI GROUP: PRODUCTS OFFERED
                        TABLE 205 NFI GROUP: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                        TABLE 206 NFI GROUP: DEALS
                        TABLE 207 NFI GROUP: OTHERS
             17.1.8 CAF
                        FIGURE 66 SOLARIS BUS SALES (2017- 2020)
                        FIGURE 67 SOLARIS BUS: SHARE OF ALTERNATIVE DRIVES
                        FIGURE 68 SOLARIS: ELECTRIC BUS SALES
                        TABLE 208 CAF: BUSINESS OVERVIEW
                        FIGURE 69 CAF: COMPANY SNAPSHOT
                        TABLE 209 CAF: PRODUCTS OFFERED
                        TABLE 210 CAF: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                        TABLE 211 CAF: DEALS
             17.1.9 EBUSCO BV
                        TABLE 212 EBUSCO: BUSINESS OVERVIEW
                        TABLE 213 EBUSCO BV: PRODUCTS OFFERED
                        TABLE 214 EBUSCO BV: NEW PRODUCT DEVELOPMENTS
                        TABLE 215 EBUSCO BV: DEALS
             17.1.10 KING LONG
                        TABLE 216 KING LONG: BUSINESS OVERVIEW
                        TABLE 217 KING LONG: PRODUCTS OFFERED
                        TABLE 218 KING LONG: NEW PRODUCT DEVELOPMENTS/EXPANSIONS
                        TABLE 219 KING LONG: DEALS
             17.1.11 ANKAI
                        TABLE 220 ANKAI: BUSINESS OVERVIEW
                        TABLE 221 ANKAI: PRODUCTS OFFERED
             17.1.12 ZHONGTONG BUS HOLDING
                        TABLE 222 ZHONGTONG BUS HOLDING: BUSINESS OVERVIEW
                        TABLE 223 ZHONGTONG BUS HOLDING: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies. 
     17.2 OTHER KEY PLAYERS
             17.2.1 BLUE BIRD CORPORATION
             17.2.2 GILLIG LLC
             17.2.3 THE LION ELECTRIC COMPANY
             17.2.4 TATA MOTORS
             17.2.5 ASHOK LEYLAND
             17.2.6 CHANGSHA SUNDA NEW ENERGY TECHNOLOGY CO. LTD.
             17.2.7 OLECTRA GREENTECH
             17.2.8 YINLONG ENERGY
             17.2.9 GOLDEN DRAGON
             17.2.10 JBM AUTO LIMITED
             17.2.11 SCANIA
             17.2.12 IRIZAR
             17.2.13 IVECO
             17.2.14 SKODA
             17.2.15 BLUE BUS
             17.2.16 BOZANKAYA
             17.2.17 CAETANOBUS
             17.2.18 CHARIOT MOTORS
             17.2.19 CARROSSERIE HESS AG
             17.2.20 HEULIEZ BUS
             17.2.21 HYBRICON
             17.2.22 OPTARE
             17.2.23 OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.ͺ
             17.2.24 RAMPINI CARLO
             17.2.25 SOR LIBCHAVY
             17.2.26 TEMSA
             17.2.27 URSUS BUS
             17.2.28 VAN HOOL NV
             17.2.29 KARSAN

18 APPENDIX (Page No. - 285)
     18.1 KEY INSIGHTS OF INDUSTRY EXPERTS
     18.2 DISCUSSION GUIDE
     18.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     18.4 AVAILABLE CUSTOMIZATIONS
     18.5 RELATED REPORTS
     18.6 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 (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 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 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)
  • 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

Get in-depth analysis of the COVID-19 impact on the Electric Bus Market

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

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Report Code
AT 7483
Published ON
Apr, 2021
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