Global Electric Bus Market Bwc19300

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Global Electric Bus Market - Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2018-2028, Segmented By Type (Battery Electric Bus, Plug-In Hybrid Electric Bus, Fuel Cell Electric Bus), By Battery Capacity (Up To 400 kWh, Above 400 kWh), By Vehicle Range (Up To 250 KW, Above 250 KW), By Battery Type (Lithium-Nickel-Manganese-Cobalt Oxide, Lithium-Iron-Phosphate, Others), By Length of Bus (<9 Meters, 9-14 Meters, >14 Meters), By Component (Motor, Battery, Fuel Cell Stacks, Ultra Captivator, Others), By End-User (Private, Government), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

Published Date: January 2022
Report ID: BWC19300
Available Format: PDF
Page: 194

Report Overview

Global electric bus market is growing significantly due to the growing demand for hydrogen fuel cell bus because of growing concerns over air pollution and carbon emissions from fuel vehicles. Furthermore, increasing government investments in public transport and the establishment of charging stations are also driving market growth.

Global Electric Bus Market- Industry Trends & Forecast Report 2028

The global electric bus market was worth USD 37.0 billion in 2021 and is further projected to reach USD 71.2 billion by the year 2028, growing at a CAGR of 10.5% during the forecast period (2022-2028). The highly volatile prices of non-renewable fuel, coupled with concern about air pollution and carbon emissions from fuel-powered vehicles, is driving the demand for electric buses. Furthermore, growing government investment in public transport development, along with the establishment of charging points is anticipated to propel the growth of the electric bus market during the forecast period.

Global Electric Bus Market

Global Electric Bus Market- Overview

Electric buses are environmentally friendly public transportation solutions. Such buses are powered by electricity. Electric buses, in general, obtain electricity through batteries that they carry onboard. However, some electric buses also use external power sources, such as trolleybuses, that use overhead wires. These kinds of buses are most prominently used in urban cities with developed road infrastructure due to their limited range of batteries. Plug-in stations and special wireless charging pads are also emerging as efficient charging sources for electric buses.

Electric Bus Market Forecast and Trends

Growth Drivers

Rising Government Investment in Public Transport

Various governments are making major investments to transform their public transportation systems to zero-emission solutions. They are introducing electric buses for public transportation, with the goal of reducing carbon emissions in the country. For instance, BYD, Keihan Bus Co., and Kansai Electric Power Co., Inc., recently announced to have put 4 BYD J6 electric buses into service on Japan’s first all-electric public transit loop, as the Sustainable Bus, a global web magazine, reported.

Launch of a Wide Range of Electric Buses

With substantial development potential for electric buses in the coming years, manufacturers are introducing new bus models with improved battery and vehicle range efficiency. BYD, for example, debuted the world's first 27-meter pure electric bi-articulated bus, which seats 250 passengers. Other manufacturers are also spending in R&D in order to acquire a competitive advantage over their competitors. For example, Metrolinx recently announced that two new zero-emission battery-powered double-decker Go buses will be tested in Toronto. Such developments are anticipated to drive market growth in the forecast period.

Restraints

Lack of Sufficient Charging Points

Even though the penetration of electric buses on roads is increasing at a high rate, the lack of sufficient charging points may act as a huge restraining factor for the market growth. Therefore, the governments of different countries may have been focusing on establishing new charging points at various routes. For instance, the US government is investing USD 15 billion to build 500,000 EV charging stations. Likewise, on November 22, 2021, the UK Prime Minister made the announcement that his administration will pass a new directive requiring all new buildings to incorporate electric vehicle charging points from 2022. However, according to Forbes, the high cost of building EV charging stations and the sophisticated hardware involved in it are acting as a major restraint for the electric bus market as well.

Impact of COVID-19 on the Global Electric Bus Market

The unprecedented COVID-19 pandemic negatively impacted the electric bus market during the initial outbreak. The manufacturing and production operations of electric buses were completely halted due to nationwide lockdown imposed by various countries to curb the spread of the deadly coronavirus. As a result, the manufacturers had to bear huge losses. Also, government spending on public transportation has been reduced in order to concentrate on improving the healthcare system. In spite of that, the pandemic could be an opportunity for the industry to grow due to increasing public awareness regarding sustainability.

Global Electric Bus Market - By Type

Based on types, the electric bus market is grouped into battery-electric bus, plug-in hybrid electric bus, and fuel cell electric bus. The battery-electric bus accounts for the largest share and is also projected to witness the highest CAGR during the forecast period as well. Battery electric buses eliminate the use of non-renewable fuels such as diesel and help countries in achieving their zero carbon-emission target. They also offer quiet operation and better acceleration compared to fuel-powered buses, which acts as a major driving factor for the market growth.

Global Electric Bus Market - By Battery Capacity

Based on battery capacity, the electric bus market is categorized into up to 400 kWh and above 400 kWh segments. Up to 400 kWh battery capacity holds the largest market share with the most typical capacity levels being around 200-300 kWh range. This battery range also allows for speedier recharge while in transit and is affordable than other battery capacities, which contributes to its market growth.

Global Electric Bus Market - By Vehicle Range

Based on vehicle range, the electric bus market is segmented into up to 250 kW and above 250 kW. Up to 250 kW vehicle range accounts for the largest market share as it is a common vehicle range for 9–14-meter buses. Therefore, the OEMs are focusing on manufacturing this vehicle range for electric buses for public transport. For instance, in September 2021, e-mobility expert Quantron AG announced its plan to launch 12-meter low-floor electric buses that will be able to achieve the maximum output of 250 kW.

Global Electric Bus Market - Regional Insights

Geographically, the electric bus market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific dominates the electric bus market because of the high concentration of leading OEMs such as Ashok Layland, Zhengzhou Yutong Bus Co., Ltd., Hino Motors Ltd., Edison Motors Ltd., etc. in the region. Additionally, the governments of various emerging economies in the Asia Pacific, such as China, India, Japan, are significantly investing in launching electric buses for public transportation, which is anticipated to drive the market growth during the forecast period.

Global Electric Bus Market- Competitive Landscape

The leading players in the electric bus market are Proterra, BYD Company, AB Volvo, Zhengzhou Yutong Bus Co. Ltd., Goldstone Infratech Ltd., Ashok Layland, NFI Group, Lion Electric Company, GreenPower Motor Co., JBM Auto Ltd., Arrival, Blue Bird Corporation, ArcLight Clean Transition, Daimler AG, Anhui Ankai Automobile Co. Ltd, King Long United Automotive, New Flyer Industries, VDL GROEP BV, Construcciones y Auxiliar de Ferrocarriles, S.A., and other prominent players.

The market is highly competitive and is dominated by multinational industry players. Electric buses are a relatively new sector, which makes them open to newcomers. To meet the needs of numerous end-users, the market players offers a varied product line. They also put a lot of money into developing new products and ranges, in addition to expanding production capacity and improving distribution. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Developments

In December 2021, Shetab Manufacturing Company, a leading Iranian motor vehicle manufacturing company, announced the production of the country's first electric bus to be manufactured in Iran.
In September 2021, Mr. Sadiq Khan, Mayor of London, announced that London will only buy zero-emission buses moving forward. Moreover, he expressed the hope that the city will achieve its goal of 100% zero-emission bus fleets by 2034.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2018-2021
	Base Year – 2021
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Billion
Market Coverage	U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation	By Type, By Battery Capacity, By Vehicle Range, By Battery Type, By Length of Bus, By Component, By End-User, By Region
Key Players	Proterra, BYD Company, AB Volvo, Zhengzhou Yutong Bus Co. Ltd., Goldstone Infratech Ltd., Ashok Layland, NFI Group, Lion Electric Company, GreenPower Motor Co., JBM Auto Ltd., Arrival, Blue Bird Corporation, ArcLight Clean Transition, Daimler AG, Anhui Ankai Automobile Co. Ltd, King Long United Automotive, New Flyer Industries, VDL GROEP BV, Construcciones y Auxiliar de Ferrocarriles, S.A., and other prominent players.

By Type

Plug-In Hybrid Electric Bus
Fuel Cell Electric Bus

By Battery Capacity

Up To 400 Kwh
Above 400 Kwh

By Vehicle Range

Up To 250 KW
Above 250 KW

By Battery Type

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

By Length of Bus

<9 Meters
9-14 Meters
>14 Meters

By Component

Motor
Battery
Fuel Cell Stacks
Ultra Captivator
Others

By End-User

Private
Government

By Region

North America
Europe
Asia-Pacific (APAC)
Latin America (LATAM)
Middle-East & Africa (MEA)

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Research Methodology
1. Qualitative Research
2. Methodology
3. Regional Split of Primary & Secondary Research
4. Secondary Research
5. Primary Research
  1. Breakdown of Primary Research Respondents, By Region
  2. Breakdown of Primary Research Respondents, By Industry Participants
6. Market Size Estimation
7. Assumptions for the Study
8. Market Breakdown & Data Triangulation
Executive Summary
Industry Insight and Growth Strategy
1. Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Rising Government Investment In Public Transport
    2. Launch Of Wide Range Of Electric Buses
  2. Restraints
    1. Lack of Sufficient Charging Points
  3. Opportunities
    1. High Cost of Electric Buses
  4. Challenges
    1. Growing Concern Towards Environment and Carbon-Emission
    2. Rising Demand for Hydrogen Fuel Cells
3. Recent Developments
4. Porter’s Five Forces Analysis
  1. Bargaining Power of Buyers
  2. Bargaining Power of Suppliers
  3. Intensity of Rivalry
  4. Threat of New Entrants
  5. Threat of Substitutes
Electric Bus Market Overview
1. Market Estimates & Forecast by Value, 2018-2028
2. Market Share & Forecast, by Segment
  1. By Type
    1. Battery Electric Bus
    2. Plug-In Hybrid Electric Bus
    3. Fuel Cell Electric Bus
  2. By Battery Capacity
    1. Up To 400 Kwh
    2. Above 400 Kwh
  3. By Vehicle Range
    1. Up To 250 KW
    2. Above 250 KW
  4. By Battery Type
    1. Lithium-Nickel-Manganese-Cobalt Oxide
    2. Lithium-Iron-Phosphate
    3. Others
  5. By Length of Bus
    1. <9 Meters
    2. 9-14 Meters
    3. >14 Meters
  6. By Component
    1. Motor
    2. Battery
    3. Fuel Cell Stacks
    4. Ultra Captivator
    5. Others
  7. By End-User
    1. Private
    2. Government
  8. By Region
    1. North America
    2. Europe
    3. Asia-Pacific (APAC)
    4. Latin America (LATAM)
    5. Middle-East & Africa (MEA)
North America Electric Bus Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2018-2028
2. Market Share and Forecast
  1. By Type
  2. By Battery Capacity
  3. By Vehicle Range
  4. By Battery Type
  5. By Length of Bus
  6. By Component
  7. By End-User
  8. By Country
    1. U.S.
    2. Canada
Europe Electric Bus Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2018-2028
2. Market Share and Forecast
  1. By Type
  2. By Battery Capacity
  3. By Vehicle Range
  4. By Battery Type
  5. By Length of Bus
  6. By Component
  7. By End-User
  8. By Country
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. Netherlands
    7. Rest of Europe
APAC Electric Bus Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2018-2028
2. Market Share and Forecast
  1. By Type
  2. By Battery Capacity
  3. By Vehicle Range
  4. By Battery Type
  5. By Length of Bus
  6. By Component
  7. By End-User
  8. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
LATAM Electric Bus Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2018-2028
2. Market Share and Forecast
  1. By Type
  2. By Battery Capacity
  3. By Vehicle Range
  4. By Battery Type
  5. By Length of Bus
  6. By Component
  7. By End-User
  8. By Country
    1. Mexico
    2. Brazil
    3. Rest of LATAM
MEA Electric Bus Market Overview
1. Market Size and Forecast
  1. By Value (USD Billion), 2018-2028
2. Market Share and Forecast
  1. By Type
  2. By Battery Capacity
  3. By Vehicle Range
  4. By Battery Type
  5. By Length of Bus
  6. By Component
  7. By End-User
  8. By Country
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Rest of MEA
Competitive Landscape
1. List of Key Players and Their Offerings
2. Market Share / Ranking Analysis (2021)
3. Competitive Benchmarking, By Operating Parameters
Impact of COVID-19 on Electric Bus Market
Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
1. Proterra
2. BYD Company
3. AB Volvo
4. Zhengzhou Yutong Bus Co. Ltd.
5. Goldstone Infratech Ltd.
6. Ashok Leyland
7. NFI Group
8. Lion Electric Company
9. GreenPower Motor Co.
10. JBM Auto Ltd.
11. Arrival
12. Blue Bird Corporation
13. ArcLight Clean Transition
14. Daimler AG
15. Anhui Ankai Automobile Co. Ltd
16. King Long United Automotive
17. New Flyer Industries
18. VDL GROEP BV
19. Construcciones y Auxiliar de Ferrocarriles, S.A.
20. Other Prominent Players
Key Strategic Recommendations

List of Figures

Figure 1: Electric Bus Market Segmentation

Figure 2: Electric Bus Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2021

Figure 4: Electric Bus Market Size, By Value (USD Billion), 2018-2028

Figure 5: Electric Bus Market Share (%), By Type, By Value, 2018-2028

Figure 6: Electric Bus Market Share (%), By Battery Capacity, By Value, 2018-2028

Figure 7: Electric Bus Market Share (%), By Vehicle Range, By Value, 2018-2028

Figure 8: Electric Bus Market Share (%), By Battery Type, By Value, 2018-2028

Figure 9: Electric Bus Market Share (%), By Length of Bus, By Value, 2018-2028

Figure 10: Electric Bus Market Share (%), By Component, By Value, 2018-2028

Figure 11: Electric Bus Market Share (%), By End-User, By Value, 2018-2028

Figure 12: Electric Bus Market Share (%), By Region, By Value, 2018-2028

Figure 13: North America Electric Bus Market Size, By Value (USD Billion), 2018-2028

Figure 14: North America Electric Bus Market Share (%), By Type, By Value, 2018-2028

Figure 15: North America Electric Bus Market Share (%), By Battery Capacity, By Value, 2018-2028

Figure 16: North America Electric Bus Market Share (%), By Vehicle Range, By Value, 2018-2028

Figure 17: North America Electric Bus Market Share (%), By Battery Type, By Value, 2018-2028

Figure 18: North America Electric Bus Market Share (%), By Length of Bus, By Value, 2018-2028

Figure 19: North America Electric Bus Market Share (%), By Component, By Value, 2018-2028

Figure 20: North America Electric Bus Market Share (%), By End-User, By Value, 2018-2028

Figure 21: North America Electric Bus Market Share (%), By Country, By Value, 2018-2028

Figure 22: Europe Electric Bus Market Size, By Value (USD Billion), 2018-2028

Figure 23: Europe Electric Bus Market Share (%), By Type, By Value, 2018-2028

Figure 24: Europe Electric Bus Market Share (%), By Battery Capacity, By Value, 2018-2028

Figure 25: Europe Electric Bus Market Share (%), By Vehicle Range, By Value, 2018-2028

Figure 26: Europe Electric Bus Market Share (%), By Battery Type, By Value, 2018-2028

Figure 27: Europes Electric Bus Market Share (%), By Length of Bus, By Value, 2018-2028

Figure 28: Europe Electric Bus Market Share (%), By Component, By Value, 2018-2028

Figure 29: Europe Electric Bus Market Share (%), by End-User, By Value, 2018-2028

Figure 30: Europe Electric Bus Market Share (%), By Country, By Value, 2018-2028

Figure 31: Asia-Pacific Electric Bus Market Size, By Value (USD Billion), 2018-2028

Figure 32: Asia-Pacific Electric Bus Market Share (%), By Type, By Value, 2018-2028

Figure 33: Asia-Pacific Electric Bus Market Share (%), By Battery Capacity, By Value, 2018-2028

Figure 34: Asia-Pacific Electric Bus Market Share (%), By Vehicle Range, By Value, 2018-2028

Figure 35: Asia-Pacific Electric Bus Market Share (%), By Battery Type, By Value, 2018-2028

Figure 36: Asia-Pacific Electric Bus Market Share (%), By Length of Bus, By Value, 2018-2028

Figure 37: Asia-Pacific Electric Bus Market Share (%), By Component, By Value, 2018-2028

Figure 38: Asia-Pacific Electric Bus Market Share (%), By End-User, By Value, 2018-2028

Figure 39: Asia-Pacific Electric Bus Market Share (%), By Country, By Value, 2018-2028

Figure 40: Latin America Electric Bus Market Size, By Value (USD Billion), 2018-2028

Figure 41: Latin America Electric Bus Market Share (%), By Type, By Value, 2018-2028

Figure 42: Latin America Electric Bus Market Share (%), By Battery Capacity, By Value, 2018-2028

Figure 43: Latin America Electric Bus Market Share (%), By Vehicle Range, By Value, 2018-2028

Figure 44: Latin America Electric Bus Market Share (%), By Battery Type, By Value, 2018-2028

Figure 44: Latin America Electric Bus Market Share (%), By Length of Bus, By Value, 2018-2028

Figure 45: Latin America Electric Bus Market Share (%), By Component, By Value, 2018-2028

Figure 46: Latin America Electric Bus Market Share (%), By End-User, By Value, 2018-2028

Figure 47: Latin America Electric Bus Market Share (%), By Country, By Value, 2018-2028

Figure 48: Middle East & Africa Electric Bus Market Size, By Value (USD Billion), 2018-2028

Figure 49: Middle East & Africa Electric Bus Market Share (%), By Type, By Value, 2018-2028

Figure 50: Middle East & Africa Electric Bus Market Share (%), By Battery Capacity, By Value, 2018-2028

Figure 51: Middle East & Africa Electric Bus Market Share (%), By Vehicle Range, By Value, 2018-2028

Figure 52: Middle East & Africa Electric Bus Market Share (%), By Battery Type, By Value, 2018-2028

Figure 53: Middle East & Africa Electric Bus Market Share (%), By Length of Bus, By Value, 2018-2028

Figure 54: Middle East & Africa Electric Bus Market Share (%), By Component, By Value, 2018-2028

Figure 55: Middle East & Africa Electric Bus Market Share (%), By End-User, By Value, 2018-2028

Figure 56: Middle East & Africa Electric Bus Market Share (%), By Region, By Value, 2018-2028

List of Tables

Table 1: Global Electric Bus Market Size, By Type, By Value, 2018-2028

Table 2: Global Electric Bus Market Size, By Battery Capacity, By Value (USD Billion), 2018-2028

Table 3: Global Electric Bus Market Size, By Vehicle Range, By Value (USD Billion), 2018-2028

Table 4: Global Electric Bus Market Size, By Battery Type, By Value (USD Billion), 2018-2028

Table 5: Global Electric Bus Market Size, By Length of Bus, By Value (USD Billion), 2018-2028

Table 6: Global Electric Bus Market Size, By Component, By Value (USD Billion), 2018-2028

Table 7: Global Electric Bus Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 8: Global Electric Bus Market Size, By Region, By Value (USD Billion), 2018-2028

Table 9: North America Electric Bus Market Size, By Type, By Value (USD Billion), 2018-2028

Table 10: North America Electric Bus Market Size, By Battery Capacity, By Value (USD Billion), 2018-2028

Table 11: North America Electric Bus Market Size, By Vehicle Range, By Value (USD Billion), 2018-2028

Table 12: North America Electric Bus Market Size, By Battery Type, By Value (USD Billion), 2018-2028

Table 13: North America Electric Bus Market Size, By Length of Bus, By Value (USD Billion), 2018-2028

Table 14: North America Electric Bus Market Size, By Component, By Value (USD Billion), 2018-2028

Table 15: North America Electric Bus Market Size, By End-User, By Value (USD Billion), 2018-2028,

Table 16: Europe Electric Bus Market Size, By Type, By Value (USD Billion), 2018-2028

Table 17: Europe Electric Bus Market Size, By Battery Capacity, By Value (USD Billion), 2018-2028

Table 18: Europe Electric Bus Market Size, By Vehicle Range, By Value (USD Billion), 2018-2028

Table 19: Europe Electric Bus Market Size, By Battery Type, By Value (USD Billion), 2018-2028

Table 20: Europe Electric Bus Market Size, By Length of Bus, By Value (USD Billion), 2018-2028

Table 21: Europe Electric Bus Market Size, By Component, By Value (USD Billion), 2018-2028

Table 22: Europe Electric Bus Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 23: the Asia-Pacific Electric Bus Market Size, By Type, By Value (USD Billion), 2018-2028

Table 24: the Asia-Pacific Electric Bus Market Size, By Battery Capacity, By Value (USD Billion), 2018-2028

Table 25: the Asia-Pacific Electric Bus Market Size, By Vehicle Range, By Value (USD Billion), 2018-2028

Table 26: the Asia-Pacific Electric Bus Market Size, By Battery Type, By Value (USD Billion), 2018-2028

Table 27: the Asia-Pacific Electric Bus Market Size, By Length of Bus, By Value (USD Billion), 2018-2028

Table 28: the Asia-Pacific Electric Bus Market Size, By Component, By Value (USD Billion), 2018-2028

Table 29: the Asia-Pacific Electric Bus Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 30: Latin America Electric Bus Market Size, By Type, By Value (USD Billion), 2018-2028

Table 31: Latin America Electric Bus Market Size, By Battery Capacity, By Value (USD Billion), 2018-2028

Table 32: Latin America Electric Bus Market Size, By Vehicle Range, By Value (USD Billion), 2018-2028

Table 33: Latin America Electric Bus Market Size, By Battery Type, By Value (USD Billion), 2018-2028

Table 34: Latin America Electric Bus Market Size, By Length of Bus, By Value (USD Billion), 2018-2028

Table 35: Latin America Electric Bus Market Size, By Component, By Value (USD Billion), 2018-2028

Table 36: Latin America Electric Bus Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 37: The Middle-East & Africa Electric Bus Market Size, By Type, By Value (USD Billion), 2018-2028

Table 38: The Middle-East & Africa Electric Bus Market Size, By Battery Capacity, By Value (USD Billion), 2018-2028

Table 39: The Middle-East & Africa Electric Bus Market Size, By Vehicle Range, By Value (USD Billion), 2018-2028

Table 40: The Middle-East & Africa Electric Bus Market Size, By Battery Type, By Value (USD Billion), 2018-2028

Table 41: The Middle-East & Africa Electric Bus Market Size, By Length of Bus, By Value (USD Billion), 2018-2028

Table 42: The Middle-East & Africa Electric Bus Market Size, By Component, By Value (USD Billion), 2018-2028

Table 43: The Middle-East & Africa Electric Bus Market Size, By End-User, By Value (USD Billion), 2018-2028

Table 44: Proterra Financial Analysis

Table 45: Proterra Business Overview

Table 46: BYD Company Financial Analysis

Table 47: BYD Company Business Overview

Table 48: AB Volvo Corporation Financial Analysis

Table 49: AB Volvo Corporation Business Overview

Table 50: Zhengzhou Yutong Bus Co. Ltd. Financial Analysis

Table 51: Zhengzhou Yutong Bus Co. Ltd. Business Overview

Table 52: Goldstone Infratech Ltd. Financial Analysis

Table 53: Goldstone Infratech Ltd. Business Overview

Table 54: Ashok Layland Financial Analysis

Table 55: Ashok Layland Business Overview

Table 56: NFI Group Financial Analysis

Table 57: NFI Group Business Overview

Table 58: Lion Electric Company Financial Analysis

Table 59: Lion Electric Company Business Overview

Table 60: GreenPower Motor Co. Financial Analysis

Table 61: GreenPower Motor Co. Business Overview

Table 62: JBM Auto Ltd. Financial Analysis

Table 63: JBM Auto Ltd. Business Overview

Table 64: Arrival Financial Analysis

Table 65: Arrival Financial Analysis

Table 66: Blue Bird Corporation Financial Analysis

Table 67: Blue Bird Corporation Financial Analysis

Table 68: ArcLight Clean Transition Financial Analysis

Table 69: ArcLight Clean Transition Financial Analysis

Table 70: Daimler AG Financial Analysis

Table 71: Daimler AG Financial Analysis

Table 72: Anhui Ankai Automobile Co. Ltd Financial Analysis

Table 73: Anhui Ankai Automobile Co. Ltd Financial Analysis

Table 74: King Long United Automotive Financial Analysis

Table 75: King Long United Automotive Financial Analysis

Table 76: New Flyer Industries Financial Analysis

Table 77: New Flyer Industries Financial Analysis

Table 78: VDL GROEP BV Financial Analysis

Table 79: VDL GROEP BV Financial Analysis

Table 80: Construcciones y Auxiliar de Ferrocarriles, S.A. Financial Analysis

Table 81: Construcciones y Auxiliar de Ferrocarriles, S.A. Financial Analysis

Market Segmentation

By Type

Battery Electric Bus
Plug-In Hybrid Electric Bus
Fuel Cell Electric Bus

By Battery Capacity

Up To 400 Kwh
Above 400 Kwh

By Vehicle Range

Up To 250 KW
Above 250 KW

By Battery Type

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

By Length of Bus

<9 Meters
9-14 Meters
>14 Meters

By Component

Motor
Battery
Fuel Cell Stacks
Ultra Captivator
Others

By End-User

Private
Government

By Region

North America
Europe
Asia-Pacific (APAC)
Latin America (LATAM)
Middle-East & Africa (MEA)

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Frequently Asked Questions (FAQs):

1. What is the current size of the global electric bus market?

Ans: The global electric bus market reached USD 37.0 billion in 2021.

2. What are the major factors driving the growth of the global electric bus market?

Ans: The major factors driving the growth of the global electric bus market are rising government investment in public transport and the launch of a wide range of electric buses.

3. Who are the key players in the global electric bus market?

Ans: The key players in the global electric bus market are: Proterra, BYD Company, AB Volvo, Zhengzhou Yutong Bus Co. Ltd., Goldstone Infratech Ltd., Ashok Layland, NFI Group, Lion Electric Company, GreenPower Motor Co., JBM Auto Ltd., Arrival, Blue Bird Corporation, ArcLight Clean Transition, Daimler AG, Anhui Ankai Automobile Co. Ltd, King Long United Automotive, New Flyer Industries, VDL GROEP BV, Construcciones y Auxiliar de Ferrocarriles, S.A., and other prominent players.

4. Which end-user segment accounted for the largest share in the global electric bus market?

Ans: The government segment accounted for the largest share in the global electric bus market.

5. Which region holds the largest share in the global electric bus market?

Ans: Asia-Pacific holds the largest share in the global electric bus market.

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