An
electric bus, usually referred as an e-bus, is a bus which does not utilize a
typical ICE engine for propulsion and is completely electric. The E-bus is driven
by an onboard electric motor which takes power from onboard batteries or a set
of batteries. Electric buses are deemed to be environmentally beneficial as
they emit no emissions. They are also more cost-effective than conventional
gasoline or diesel buses. The growing concern about
the environment, as well as increased government spending in fuel-saving
technology and substitute fuel vehicles, are accelerating the e-bus market
growth across the world. As a rising number of global bus manufacturers determined
to manufacture electric and hybrid-electric buses as substitutes for
diesel-powered buses, the market is projected to increase. Benefits of e-bus
such as thermal comfort and noise reduction offered by these would fuel the
automobile electric bus industry even more. Electric and hybrid-electric buses help
to reduce the impacts of solar heat buildup in the automobile and works as a
filter for disturbing noises such as car horns and construction
activities. Apart from this, the high manufacturing costs and a dearth of
understanding about the usability and benefits majorly limit the market
expansion.
Furthermore,
the governments all across the world have developed attracting programs and
plans to encourage the usage of electric buses which has the created
opportunities for the market growth. In addition to this the enforcement of
stringent emission norms and environmental regulations has also provided
lucrative opportunities for the marker growth. Developed country governments
have started the tender process to fuel the usage of electric buses in their
cities. For instance, in 2018, London has over 2,500 electric buses in
operation, with an aim to increase this to 9,200 electric buses by 2037.
The
global E-Bus Market is segregated on the basis of Propulsion Type as BEV, FCEV
and PHEV. Based on Length the global E-Bus Market is segmented in Less than 9
meters, 9-14 meters and Above 14 meters. Based on Range the global E-Bus Market
is segmented in Less than 200 miles and More than 200 miles. Based on Battery
Capacity the global E-Bus Market is segmented in Up to 400 kWh and Above 400
kWh. Based on Power output the global E-Bus Market is segmented in Up to 250kW
and Above 250 kW.
The
global E-Bus Market report provides geographic analysis covering regions, such
as Europe, North America, Asia Pacific, and Rest of The World. The E-Bus Market
for each region is further segmented for major countries including the U.S.,
Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South
Africa, and others.
Competitive Analysis
Byd, Yutong,
Proterra, Vdl Groep, Ab Volvo, Daimler Ag and others are among the major
players in the global E-Bus Market. The companies studied in terms of product
strategy and various n several growth and expansion strategies to gain a
competitive edge in the market. The major players not only follow value chain
integration with business operations in multiple stages of the value chain.
- In April
2021, VDL has signed a supply contract of 32 electric buses to public transport
company named in Eindhoven. These buses will be running from January 2022 in
Eindhoven cityscape.
- In
February 2021, The Montgomery County Public Schools (MCPS) Board of Education accepted
a contract with Highland Electric Transportation Inc. Highland Electric
Transportation to deploy 326 Thomas Built Buses, Inc. company’s electric school
buses powered by Proterra.
- In
February 2021, Nova Bus, a subsidiary of Volvo Buses has declared a supply
order from Chicago Transit Authority. The order is to supply 600 new 40-foot
electric buses to Chicago Transit Authority.
- In
January 2021, BYD received a supply contract from the Bogota City Public
Transport Authority in Columbia to supply 1,002 electric buses in 2021. This is
the biggest pure electric bus contract for BYD outside China. BYD has integrated
with local bus manufacturers namely Superpolo and BUSSCAR for the parts of bus
body.
- In
September 2020, Yutong has presented its 5G-enabled intelligent mobility
solution to global travelers in a live-show in China. Autonomous driving buses,
intelligent bus stops, and unmanned intelligent bus terminals were displayed.
- In
September 2018, CAF Group acquired Solaris Bus and Coach as to set foot into
the global electric bus market.
The global E-Bus Market has been segmented as
below:
E-Bus
Market, By Propulsion Type
E-Bus
Market, By Length
- Less than 9 meters
- 9-14 meters
- Above 14 meters
E-Bus
Market, By Range
- Less than 200 miles
- More than 200 miles
E-Bus
Market, By Battery Capacity
- Up to 400 kWh
- Above 400 kWh
E-Bus
Market, By Power output
E-Bus
Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
E-Bus
Market, By Company
- Byd
- Yutong
- Proterra
- Vdl Groep
- Ab Volvo
- Daimler Ag
- Nfi Group
- Caf
- Ebusco Bv
- King Long
- Ankai
- Zhongtong Bus Holding
- Blue Bird Corporation
- Gillig LLC
- The Lion Electric Company
- Tata Motors
- Ashok Leyland
- Changsha Sunda New Energy
Technology Co. Ltd.
- Olectra Greentech
- Yinlong Energy
- Deccan Auto Limited
- Eicher Motors Limited
- Beiqi Foton Motor Co. Ltd.
- Nanjing Golden Dragon Bus Co. Ltd.
The
report covers the below scope:
- Global E-Bus Market sizes from 2020
to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global E-Bus Market trends,
covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global E-Bus
Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global E-Bus Market report scope includes
detailed study covering underlying factors influencing the industry trends. The
report covers analysis on regional and country level market dynamics. The scope
also covers competitive overview providing company market shares along with
company profiles for major revenue contributing companies. The report scope
includes detailed competitive outlook covering market shares and profiles key
participants in the global E-Bus Market share. Major industry players with
significant revenue share include Byd, Yutong, Proterra, Vdl Groep, Ab Volvo, Daimler
Ag, Nfi Group, Caf and others.
Why to
Buy this Report:
- Gain detailed insights on the E-Bus
industry trends
- Find complete analysis on the
market status
- Identify the E-Bus Market
opportunities and growth segments
- Analyze competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial Institutions
Free
and Paid Customization based on the requirement