Japan Electric Bus Market 2023 Driving Factors Forecast Research 2029

Japan electric bus market is estimated to grow at a significant CAGR during the forecast period. The rising need to control the pollution caused due to diesel and petrol vehicle creating demand for electric vehicles such as buses for public transport in Japan, which in turn, is fueling the Japan electric bus market. Japan is one of the members of the EV30@30 Campaign that aims to accelerate the deployment of EVs. In 2018, the country had set a target of 15-20% EV sales in Passenger Light-duty Vehicles (PLDVs) by 2020 and 20-30% by 2030, which is further supporting the deployment of the electric bus for public transports in the country, which in turn, is driving Japan electric bus market.

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The market is segmented on the basis of bus type, battery type, and end-user. Based on the bus type, the market is sub-segmented into the hybrid electric bus, fuel cell electric bus, and battery-electric bus. Based on the battery type, the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the segmental market share. Based on end-user, the market is sub-segmented into government and fleet owners.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Japan Electric Bus Market by Bus Type
o Hybrid Electric Bus
o Fuel Cell Electric Bus
o Battery Electric Bus

Japan Electric Bus Market by Battery Type
o Lithium-ion batteries
o NiMH Batteries
o Others

Japan Electric Bus Market by End-User
o Government
o Fleet Owner

Company Profiles
o BYD Co. Ltd.
o Hino Motors Ltd.
o Nissan Motor Co., Ltd.
o Toshiba Corp.
o Toyota Motors

The Report Covers
• Comprehensive research methodology of the Japan Electric Bus market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Japan Electric Bus market.
• Insights about market determinants which are stimulating the Japan Electric Bus market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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