The E-Bus Market is expected to grow from USD 32 billion in 2020 to USD 64 billion by 2026 at a CAGR of 12.44% from 2020 to 2026.
An electric bus, usually referred as an e-bus, is a bus which does not utilize a typical ICE engine for propulsion and is completely electric. The E-bus is driven by an onboard electric motor which takes power from onboard batteries or a set of batteries. Electric buses are deemed to be environmentally beneficial as they emit no emissions. They are also more cost-effective than conventional gasoline or diesel buses. The growing concern about the environment, as well as increased government spending in fuel-saving technology and substitute fuel vehicles, are accelerating the e-bus market growth across the world. As a rising number of global bus manufacturers determined to manufacture electric and hybrid-electric buses as substitutes for diesel-powered buses, the market is projected to increase. Benefits of e-bus such as thermal comfort and noise reduction offered by these would fuel the automobile electric bus industry even more. Electric and hybrid-electric buses help to reduce the impacts of solar heat buildup in the automobile and works as a filter for disturbing noises such as car horns and construction activities. Apart from this, the high manufacturing costs and a dearth of understanding about the usability and benefits majorly limit the market expansion.
Furthermore, the governments all across the world have developed attracting programs and plans to encourage the usage of electric buses which has the created opportunities for the market growth. In addition to this the enforcement of stringent emission norms and environmental regulations has also provided lucrative opportunities for the marker growth. Developed country governments have started the tender process to fuel the usage of electric buses in their cities. For instance, in 2018, London has over 2,500 electric buses in operation, with an aim to increase this to 9,200 electric buses by 2037.
The global E-Bus Market is segregated on the basis of Propulsion Type as BEV, FCEV and PHEV. Based on Length the global E-Bus Market is segmented in Less than 9 meters, 9-14 meters and Above 14 meters. Based on Range the global E-Bus Market is segmented in Less than 200 miles and More than 200 miles. Based on Battery Capacity the global E-Bus Market is segmented in Up to 400 kWh and Above 400 kWh. Based on Power output the global E-Bus Market is segmented in Up to 250kW and Above 250 kW.
The global E-Bus Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The E-Bus Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Byd, Yutong, Proterra, Vdl Groep, Ab Volvo, Daimler Ag and others are among the major players in the global E-Bus Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global E-Bus Market has been segmented as below:
E-Bus Market, By Propulsion Type
E-Bus Market, By Length
E-Bus Market, By Range
E-Bus Market, By Battery Capacity
E-Bus Market, By Power output
E-Bus Market, By Region
E-Bus Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global E-Bus Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global E-Bus Market share. Major industry players with significant revenue share include Byd, Yutong, Proterra, Vdl Groep, Ab Volvo, Daimler Ag, Nfi Group, Caf and others.
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Target Audience:
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. E-Bus Market, By Propulsion Type
5.1. Key Points
5.2. BEV
5.3. FCEV
5.4. PHEV
6. E-Bus Market, By Length
6.1. Key Points
6.2. Less than 9 meters
6.3. 9-14 meters
6.4. Above 14 meters
7. E-Bus Market, By Range
7.1. Key Points
7.2. Less than 200 miles
7.3. More than 200 miles
8. E-Bus Market, By Battery Capacity
8.1. Key Points
8.2. Up to 400 kWh
8.3. Above 400 kWh
9. E-Bus Market, By Power output
9.1. Key Points
9.2. Up to 250kW
9.3. Above 250 kW
10. Competitive Landscape
10.1. Introduction
10.2. Start-up companies- E-Bus Market
10.3. Recent Developments
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4.Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profile
11.1. Byd
11.2. Yutong
11.3. Proterra
11.4. Vdl Groep
11.5. Ab Volvo
11.6. Daimler Ag
11.7. Nfi Group
11.8. Caf
11.9. Ebusco Bv
11.10. King Long
11.11. Ankai
11.12. Zhongtong Bus Holding
11.13. Blue Bird Corporation
11.14. Gillig LLC
11.15. The Lion Electric Company
11.16. Tata Motors
11.17. Ashok Leyland
11.18. Changsha Sunda New Energy Technology Co. Ltd.
11.19. Olectra Greentech
11.20. Yinlong Energy
10.21. Deccan Auto Limited
10.22. Eicher Motors Limited
10.23. Beiqi Foton Motor Co. Ltd.
10.24. Nanjing Golden Dragon Bus Co. Ltd.
E-Bus Market, By Propulsion Type
E-Bus Market, By Length
E-Bus Market, By Range
E-Bus Market, By Battery Capacity
E-Bus Market, By Power output