Press release
Electric Bus Market - Opportunity Ahead of Earnings | Volvo Group, Daimler, Iveco Bus
Electric Bus Market
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Summary
Global Electric Bus Market is valued approximately at USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2026. An electric bus is a type of bus which is powered by electricity. Electric buses can store electricity either on board or can be consumed unceasingly from an external source (i.e. overhead wires, as in the trolleybus, or with non-contact conductors exist on the ground). A bus that stores power are majorly known as battery electric buses, in which the electric motor takes energy from an on-board battery, although instances of additional storage modes do exist, like the gyrobus that uses flywheel energy storage. Increasing demand for the hydrogen fuel cell bus, rising focus on emission-free and energy-efficient mass transit solutions, and growing government initiatives for stimulation the adoption of electric bus are the few factors responsible for high CAGR of the market over the forecast period. For instance, in India, the National Electric Mobility Mission Plan 2020 is released with the aim to accelerate the growth of the electric and hybrid components of the automotive industry. It primarily emphasizes on fast tracing the production and introduction of electric vehicles in India. Similarly, in 2017, the Government of China paid over average of $10,000 per electric vehicle. This factor would contribute to rise in demand for electric buses around the world. However, the outbreak of COVID-19 pandemic across the globe has a swift and severe impact on every single sector including automotive industry. Government issued strict guidelines on movement of public, goods & services, due to which automobile companies cannot produce vehicles. As a result, the production of electric buses has substantially declined and affected the topline of electric bus manufacturers thereby, impacting to the market growth in the recent year. In addition, high manufacturing cost is being always consider as the major limiting factor to the market growth over the forecast period of 2020-2026.
The regional analysis of global Electric Bus market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to increased government funding to accelerate the production of electric buses, along with the presence of significant number of OEMs such as BYD, Yutong, etc. in the countries, particularly China and India. Whereas, Asia-Pacific is also projected to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the rapidly growing electric vehicle (EV) charging infrastructure in the region.
Major market player included in this report are:
Volvo Group, Daimler AG, Iveco Bus, Anhui Ankai Automobile Co. Ltd, BYD Co. Ltd., New Flyer Industries, Proterra Inc., Ryobi Bus, Scannia AB, Zhengzhou Yutong Bus Co. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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By Vehicle Type: Battery Electric Bus, Plug-in Hybrid Electric Bus, Fuel Cell Electric Bus
By Application: Government, Fleet Operators
By Region:
North America (U.S., Canada)
Europe (UK, Germany)
Asia Pacific (China, India, Japan)
Latin America (Brazil, Mexico)
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Electric Bus Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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TABLE OF CONTENTS
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electric Bus Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electric Bus Market Dynamics
3.1. Electric Bus Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Electric Bus Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Electric Bus Market, by Vehicle Type
5.1. Market Snapshot
5.2. Global Electric Bus Market by Vehicle Type, Performance - Potential Analysis
5.3. Global Electric Bus Market Estimates & Forecasts by Vehicle Type 2016-2026 (USD Billion)
5.4. Electric Bus Market, Sub Segment Analysis
Chapter 6. Global Electric Bus Market, by Application
6.1. Market Snapshot
6.2. Global Electric Bus Market by Application, Performance - Potential Analysis
6.3. Global Electric Bus Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Electric Bus
....Continued
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