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2019-2025 Electric Bus Market SWOT Analysis by Key Players JBM Auto Limited Goldstone, Tata Motors Limited, Mahindra Electric Mobility Limited
Electric Bus Market
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The electric bus is a moderately new innovation as compared to the electric bike and electric car but now each nation is talking about battery powered buses. According to market research, the electric bus has great prospective to reshape and change the entire transportation industry. Geographically, Asia-Pacific and China valued for the maximum number of shipments in electric bus market previous years. The China electric bus market is anticipated to grow expressively, into coming years, due to the growing urbanization and growth of several newly made innovative public transport systems in its developed cities.
As this market is in early stage, number of manufacturers are entering in the global electric bus market. Furthermore, the need for technological developments is also high which is inspiring electric bus manufacturers to emphasis on developments in partnership with technology-based industries.
Geographically, Asia-Pacific is one of the leading the electric bus across the globe market with enlarged government initiatives in countries, like China, India, and Japan. The manufacturers of several countries are converging on developing public transport structure with low or no pollution to challenge the air pollutant emissions, mostly in the highest populated capitals and mega-cities. The developed countries are switching their existing natural gas and diesel based public transport to zero emission buses.
The global electric bus market segmentation is based on type, application, and region. Based on type, this market is categorized into PHEV (Plug-in Hybrid Electric Vehicle), BEV (Battery Electric Vehicle), and HEV (Hybrid Electric Vehicle). China accounted for over 80% of global electric bus market share in past years. By application, this market is classified into shuttles, transit buses, school buses, and others. On the basis of region, this market is categorized into Europe, North America, Asia-Pacific, and others.
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The global electric bus market: Key Players
• BYD Company
• ANKAI
• Higer Bus
• YUTONG
• Yinlong Energy
• Zhongtong Bus Holding
Segmentation of global electric bus market:
By Type
• Battery Electric Vehicle
• Hybrid Electric Vehicle
By Application
• Transit Buses
• Shuttles
• School Buses
• Others
By Technology
• Series Parallel Hybrid
• Series Hybrid
• Parallel Hybrid
By Coach Length
• >18 Meter
• 14-16 Meter
• 12-13 Meter
• 10-11 Meter
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