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Electric Bus Market Set to Surge as Cities Transition to Sustainable Public Transport, as per Maximize Market research

11-07-2024 12:45 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximzemarketresearch

Electric Bus Market

Electric Bus Market

Electric Bus Market was valued at USD 15.8 Billion in 2023, and it is expected to reach 38.7 billion by 2030, exhibiting a CAGR of 16.3% during the forecast period (2024-2030)

Electric Bus Market Overview

As technology and regulatory support continue to evolve, the Electric Bus Market is set for steady growth. Increasing investments in battery innovation, supportive government policies, and a focus on reducing urban emissions position the Electric Bus Market as a vital solution for sustainable and efficient public transport worldwide.

To Gain More Insights about this Research, Visit : https://www.maximizemarketresearch.com/request-sample/23325/

Electric Bus Market Drivers

The Electric Bus Market has experienced robust growth over the past five years, driven by the shift toward sustainable urban mobility and stringent emissions regulations. With global efforts to reduce air pollution and reliance on fossil fuels, the Electric Bus Market has become integral to public transit systems in many cities.

Key drivers in the Electric Bus Market include government incentives, rising urban populations, and technological advances in battery capacity and charging infrastructure. The increased focus on green transportation has accelerated the adoption of electric buses in urban areas, where they reduce air pollution and promote cleaner air quality for residents.

Download Full PDF Sample Copy of Research Report : https://www.maximizemarketresearch.com/request-sample/23325/

Electric Bus Market restraints

While the Electric Bus Market shows strong growth prospects, high upfront costs and limited charging infrastructure in some regions pose challenges. Although many municipalities are investing in electric fleets, the financial requirements for electric bus acquisition and maintenance can be substantial. Charging infrastructure remains a constraint in rural and less developed areas, affecting the pace of adoption. However, declining battery prices and growing investments in public charging networks are expected to offset these restraints, making electric buses a more viable option for various regions.

Electric Bus Market segments

The Electric Bus Market is segmented by bus type, battery type, and application. The primary bus types include battery electric and hybrid electric, with battery electric buses leading the market due to their zero-emission features. Battery types, such as lithium-ion and solid-state batteries, vary in cost and capacity, influencing vehicle performance and driving range. In terms of application, electric buses are primarily used in public transit, but demand in school transportation and private sectors is also rising.

Request Sample Copy of this Report : https://www.maximizemarketresearch.com/request-sample/23325/

Electric Bus Market regional analysis

Regionally, the Electric Bus Market is led by Asia-Pacific, with China as the dominant player due to government mandates and subsidies promoting electric vehicles. Europe and North America are also advancing, particularly in urban centers where emissions regulations are strict. In emerging markets such as Latin America and the Middle East, the Electric Bus Market is gaining traction as government policies begin to emphasize sustainable public transport solutions.

Access the Full Report Here: https://www.maximizemarketresearch.com/market-report/global-electric-bus-market/23325/

Recent News about Electric Bus market

5/11/2024 India, EKA Mobility to deliver 250 e-buses in Nagpur
4/11/2024 Hungary, Volánbusz to deploy further 20 Ikarus electric buses
31/10/2024 EKA Mobility lands Rs 3,000 cr deal to manufacture 1,500 electric buses
2/10/2024 Electric bus, main fleets and projects around the world
28/10/2024 India, 500 Switch EiV12 electric buses headed to Chennai

Electric Bus Market Segmentation

by Propulsion Type

Battery Electric Vehicle (BEV)
Plug-In Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

by Component

Battery
Motor
Fuel Cell Stack
Battery Management System
Battery Cooling System
EV Connector

by Range

Up to 200 miles
Above 200 miles

By Power Output

Up to 250 kW
Above 250 kW

by Battery Capacity

Up to 400 kWh
Above 400 kWh

by Application

Intracity
Intercity

by Battery Type

Lithium-nickel-manganese-cobalt oxide
Lithium-iron-phosphate
Others

by Level of Autonomy

Semi-autonomous
Autonomous

Electric Bus Market Key Players

1. BYD Company Ltd.
2. Yutong
3. New Flyer Industries Inc.
4. Proterra Inc.
5. Solaris Bus & Coach SA
6. Zhongtong Bus Holding Co., Ltd.
7. Shenzhen Wuzhoulong Motors Co., Ltd.
8. EBUSCO BV.
9. Dongfeng Automobile Co., Ltd
10. Alexander Dennis
11. King Long
12. FAW Group
13. AB Volvo
14. Daimler AG
15. TATA Motors
16. Ashok Leyland
17. Nova Bus
18. Foton Motor Inc.
19. Ashok Leyland Electric Bus.
20. JBM Solaris ECOLIFE.
21. Electric Bus K9.
22. SKYPAK XL Bus.

Key questions answered in the Electric Bus Market are:

• What segments are covered in the Global Electric Bus Market report?
• Which region is expected to hold the highest share in the Global Electric Bus Market?
• What is the market size of the Global Electric Bus Market by 2030?
• What is the forecast period for the Global Electric Bus Market?

Key Offerings:

• Past Electric Bus Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Electric Bus Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• § Competitive landscape - Electric Bus Market Leaders, Market Followers, Regional player
• § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize has also published reports on

The Power Tiller and Weeder Market size was valued at USD 2.95 Billion in 2023 and the total Power Tiller and Weeder Market revenue is expected to grow at a CAGR of 4.07% from 2024 to 2030, reaching nearly USD 3.90 Billion.

https://www.maximizemarketresearch.com/market-report/power-tiller-and-weeder-market/263188/

The Global Busway-Bus Duct Market was Valued at USD 12.2 billion. In 2023, the revenue of the Busway-Bus Duct Market is expected to increase by 5.5% from 2024 to 2030, reaching an approximate sum of USD 17.75 billion.

https://www.maximizemarketresearch.com/market-report/busway-bus-duct-market/218518/

Global Bus Market size was valued at USD 17.35 Billion in 2023 and is expected to grow at a CAGR of 7.1 % from 2024 to 2030 to reach USD 28.04 Billion by 2030.

https://www.maximizemarketresearch.com/market-report/bus-market/211011/

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.

About Maximize

Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.

Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.

Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.

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