Press release
Electric Bus Market Growth, Share, Size, Trends and Forecast (2021 - 2027)
The Electric Bus Market research report discusses the key drivers influencing global growth, opportunities, current challenges and the risks faced by key players and the market as a whole Electric Bus Market competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.Electric Bus Market is envisaged to record an expansion at the CAGR of 43.3% over the forecast period, 2021 – 2027
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Market Overview
The covid-19 pandemic has affected the automotive industry and significantly electric vehicles by triggering an unprecedented fall in sales in early 2020. To curb the spread of coronavirus, manufacturing operations and transportation have come to halt along with public transportation. The electric bus market is driven by factors such as increase in demand for fuel-efficient, high-performance, and low-emission buses, stringent government rules & regulations toward vehicle emission, and reduction in battery prices. However, high manufacturing cost, and low fuel economy & serviceability restrict the market growth. Moreover, technological advancements, and proactive government initiatives for adoption of e-buses creates lucrative growth opportunities for the market. The market in Asia Pacific is projected to experience the fastest growth owing to the high demand of electric buses from countries such China, Japan, South Korea and India. Further, China has introduced many electric buses to reduce vehicle emissions.
The major players covered in the Electric Bus Market:
Yutong, DFAC, BYD, King Long, Zhong Tong, Foton, ANKAI, Guangtong, Nanjing Gold Dragon, Volvo, New Flyer, Daimler, Gillig
Recent Devlopment
Volvo Car has acquired in 1 US state. The Company’s most targeted sectors include internet software and services (100%). Volvo Car Corp. is a Swedish automobile manufacturer. Volvo develops, manufactures, markets, sells, and services in cars
Electric Bus Breakdown Data by Type
Battery Electric Bus
Hybrid Bus
Electric Bus Breakdown Data by Application
Public Transit
Highway Transportation
Others
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Asia-Pacific Region Likely To Dominate The Market
In Asia-Pacific, China is the largest manufacturer and consumer of e-buses in the world. The country’s domestic demand has been supported by the national sales targets, favorable laws, supportive subsidies, and municipal air-quality targets. During the forecast period, China may continue to witness growth in the adoption of electric buses, as more than 30 Chinese cities have made plans to achieve 100% electrified public transit by the start of 2021, including Guangzhou, Zhuhai, Dongguan, Foshan, and Zhongshan in the Pearl River Delta, along with Nanjing, Hangzhou, Shaanxi, and Shandong. Major Chinese e-bus suppliers are expanding their market presence outside China with the increasing electric bus deployment around the world. In 2020, Chinese bus makers sold around 61,000 new energy buses, whereas the total bus production in China accounted for around 150,000 units. For instance,
Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the Electric Bus Market presented in the report. For the historical and forecast period 2016 to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
The report offers an in-depth assessment of the growth and other aspects of the Electric Bus Market in important countries (regions), including North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa) and ROW.
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Table of Contents:
Global Electric Bus Market Research Report 2021
Chapter 1 - Market Overview
Chapter 2 - Industry's Global Economic Impact
Chapter 3 - Manufacturers' Global Market Competition
Chapter 4 - Revenue (Value) by Region for Global Productions
Chapter 5 - By Regions: Global Provisions (Production), Consumption, Export, and Import
Chapter 6 - Productions in the World, Revenue (Value), and Price Trends by Type
Chapter 7- Global Market Analysis by Application
Chapter 8 - Manufacturing Cost Analysis
Chapter 9 - Industrial Chain, Sourcing plan and Downstream Buyers
Chapter 10 - Marketing Strategy Analysis, Distributors/Traders
Chapter 11- Market Effect Factors Analysis
Chapter 12- Global Electric Bus Market Forecast
Impact of Covid-19:
The COVID-19 pandemic had a minor impact on the Electric Bus Market's growth. The emergence of COVID-19 has caused a substantial setback to export-oriented economies in the region, owing to the temporary shutdown of manufacturing enterprises. For example, Germany's automotive industry has been seriously harmed because the majority of the country's automobile commerce is with China and Italy. Aside from concerns with exports and imports, the growth of Germany's manufacturing industry has been limited by the closure of production sites and a slowdown in operations to combat COVID-19's spread.
Customization:
The Global Electric Bus Market research may be customized to match your unique company requirements. We offer free 25 percent customization for any of our Market Intelligence Data reports to all of our clients since we understand what they want.
About Us:
Market intelligence data is a global leader in the research business, providing customers with contextual and data-driven research. The company assists customers in developing business plans and achieving long-term success in their particular markets. Consulting services, Market Intelligence Data research studies, and bespoke research reports are all offered by the industry.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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