Battery-Electric Buses Market Size 2021 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2027 | BYD (China),Yutong (China),Proterra (US),VDL Groep (Netherlands),AB Volvo (Sweden)

In the forecast period 2021-2027, the “Battery-Electric Buses Market” study extensively describes the demand and consumption of numerous products/services related to the growth dynamics of the market. In quantitative terms, a comprehensive market assessment of the many opportunities in the market segment is carried out. The Battery-Electric Buses market covers several areas including constraints, issues and opportunities, as well as geographic considerations. Customers will benefit from this study because it provides historical and statistically significant data, which makes it useful and informative.

In accordance with the Battery-Electric Buses marketplace is about to develop at a CAGR of 14.7% over the forecast period (2021-2027).

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Major Companies:

BYD (China),Yutong (China),Proterra (US),VDL Groep (Netherlands),AB Volvo (Sweden)

Recent Development:

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 the Eindhoven cityscape.
In January 2021, BYD won a supply contract by the Bogota City Public Transport Authority in Columbia to deliver 1,002 electric buses 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 January 2021, Volvo Buses announced that its subsidiary Nova Bus has been awarded a contract for 15 LFSe+, Nova Bus’ electric buses, by TransLink, Metro Vancouver's transportation network.

Market Segmentation:

By Type:

BEV
PHEV
FCEV

By Application:

Intercity
Intra-city

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The 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 the presence of leading OEMs such as BYD, Yutong, Zhongtong, and Ankai in the country as well, resulting in the 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 favourable 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.

The Global Battery-Electric Buses Market is further categorized by region as follows:

North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
The Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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Objectives of this report:

To estimate the market size for the Battery-Electric Buses market on a regional and global basis.
To identify major segments in the Battery-Electric Buses market and evaluate their market shares and demand.
To provide a competitive scenario for the Battery-Electric Buses market with major developments observed by key companies in the historic years.
To compare key elements governing the dynamics of the Battery-Electric Buses marketplace with their capacity gravity at some point of the forecast period.

Reasons to Buy This Report:

Provides area of interest insights for selections approximately every feasible phase supporting withinside the strategic decision-making process.
Market length estimation of the Battery-Electric Buses marketplace on a local and international basis.
A specific studies layout for marketplace length estimation and forecast.
Identification of primary corporations running withinside the marketplace with associated developments
Exhaustive scope to cowl all of the feasible segments supporting each stakeholder withinside the Battery-Electric Buses

Impact of COVID-19 on the Battery-Electric Buses Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

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