Global Electric Bus Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: April 22, 2020 |


The global electric bus market size expected to register a higher CAGR of 26.2% during the forecast period 2020 to 2027. The market size was accounted for 138 thousand units in 2019 and expected to reach around USD 220 billion by 2027. Increasing focus on promoting mass transit solutions and electrification of government support are driving the market growth globally.

The market is segmented on the basis of type, battery type, length, end-use, and region. On the basis of bus length, the 9-14 meter segment is dominating the market due to wide use of passenger electric buses used in public transport. 9 to 14 meter bus segment is expected to hold the largest market share during the forecast period. On the basis of region, Asia Pacific is expected to hold the largest market share globally. China is accounted to hold a major share of electric buses around 90% in terms of revenue. In addition, Middle East & Africa is predicted to register as the fastest-growing region in the electric bus market.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The report on the electric bus market offers in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the electric bus industry. Some of the key factors considered during the course of research included product definition, product classification, industry structure, various participants in the electric bus ecosystem, etc. The report includes market sizes and forecast for the period from 2018 to 2027, and compounded annual growth rate (CAGR%) measured for individual segments and regional markets, competitive landscape of leading market players, critical analysis of market dynamics and profiling of key providers participating in the electric bus market.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of electric bus industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for electric bus Market
  • 2019 - Base Year for electric bus Market
  • 2020-2027 - Forecast Period for electric bus Market

The electric bus market report offers a primary overview of the electric bus industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the electric bus industry.

Electric Bus Market Segmentation:

By Type:

By Battery Type:

  • LFP
  • LMO
  • NMC
  • Others

By Length:

  • Less than 9 m
  • 9−14 m
  • Above 14m

By End-Use:

By Application:

  • Intercity
  • Intracity

List of Key Companies:

  • BYD Company Ltd.
  • AB Volvo
  • Alexander Dennis Ltd.
  • Ashok Leyland Ltd.
  • Daimler AG
  • New Flyer Industries Inc.
  • Proterra Inc.

Electric Bus Market Report Scope

This report provides an investigative analysis of the electric bus market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

COVID-19 Impact on the Electric Bus Market

The novel COVID-19 epidemic has affected the development of an array of industrial areas, technology sector, food & beverage industry, healthcare, and other sectors is no doubt. Instability of production and Supply chain interruption are some of the factor that is influencing the expansion of the electric bus market.

  • V Shaped Recovery
  • U Shaped Recovery
  • L Shaped Recovery
  • W Shaped Recovery
COVID-19 Impact on the Electric Bus Market

COVID-19 Impact on the Electric Bus Market - L Shaped Recovery

Geographic Coverage

Geographically, the electric bus Market report comprises dedicated sections centering on the regional market revenue and trends. The electric bus market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The electric bus market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. electric bus Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America electric bus Market Revenue and Forecast
  • Europe electric bus Market Revenue and Forecast
  • Asia Pacific electric bus Market Revenue and Forecast
  • Latin America electric bus Market Revenue and Forecast
  • Middle East and Africa electric bus Market Revenue and Forecast

Key Questions Answered by Electric Bus Market Report

  • Market size and forecast of the electric bus market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage
The global electric bus market size expected to register a higher CAGR of 26.2% during the forecast period 2020 to 2027. The market size was accounted for 138 thousand units in 2019 and expected to reach around USD 220 billion by 2027. Increasing focus on promoting mass transit solutions and electrification of government support are driving the market growth globally.

The market is segmented on the basis of type, battery type, length, end-use, and region. On the basis of bus length, the 9-14 meter segment is dominating the market due to wide use of passenger electric buses used in public transport. 9 to 14 meter bus segment is expected to hold the largest market share during the forecast period. On the basis of region, Asia Pacific is expected to hold the largest market share globally. China is accounted to hold a major share of electric buses around 90% in terms of revenue. In addition, Middle East & Africa is predicted to register as the fastest-growing region in the electric bus market.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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COVID-19 Impact on the Electric Bus Market

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