Bus Market Overview
The Global Automotive Electric Bus Market is estimated to register a substantial CAGR of 36.6% during the forecast period.
The electric buses reduce upheaval and defilement made stood out from standard buses. Along these lines, electric bus creating associations continually put assets into thing headway to take unique consideration of clients' rising interest. For instance, the Indian government has shipped off a couple of drives to propel electric vehicles; for instance, the GST on EVs has been decreased from 12% to 5% in the new GST system. The public power of India has reported the exemption of enlistment charges for electric vehicles to progress eco-obliging vehicles in the country. The Approval (Faster Gathering and Collecting of Hybrid and Electric Vehicles) scheme has been the essential stimulus to push for electric vehicle gathering.
Market Segmentation
The single-decker and double-decker segments of the automotive electric bus market are split based on type. The Automotive Electric Bus Market is divided into three segments based on the kind of propulsion: Fuel cell electric vehicles (FCEV), Plug-in hybrid electric vehicles (PHEV), and Battery Electric Vehicles (BEV). The Automotive Electric Bus Market is divided into three segments based on length: 6 to 8m, 9 to 12m, and Above 12m.
Regional Insights
The Asia Pacific automotive electric bus market is expected to lead the market owing to largest market share of 85.1% during the review period. TMB (Transportes Metropolitanos de Barcelona) presented the primary solicitation for 25 trendy 40-foot BYD electric buses in November 2021, with movements due some place in the scope of 2022 and 2024. This request is significant for a game plan to dispose of dirtying diesel buses in Barcelona by 2025.
Europe is the second-biggest market for electric bus inferable from rigid government arrangements on vehicle releases are the fundamental driver of market improvement around here. Around here, various state-run organizations have begun undertakings to make common public travel more viable by executing great and green transportation propels. Around here, interest for energy unit buses is also extending.
The North America electric bus market development is credited to the rising worry about the depletion of non-environmentally friendly power sources. The US is the most uplifting market in the region, and it is presumably going to run e-bus revenue over the projection period. There are at this point close to 650 electric buses (amounting to 2255 zero-radiation buses) working in the US. Demand outperforms supply, with government financing working on it for go overseers to buy new units. Essentially every state in the US has a movement office that cases or plans to work present day electric buses. The improvement of the electric bus market in Canada is helped by citizen upheld drives. Even though Canada has electric bus firms like Lion Electric in Quebec and Green Power in Vancouver, the country's gathering rate has been moderate.
Major Players
The major players in the market are MAN, EBUSCO, Yutong, BYD, Volvo, Proterra, Mercedes Benz AG, VDL GROEP, NFI group, and Zhong tong Bus Holding.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 20
- 1.1 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE 22
- 1.2 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION 23
- 1.3 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH 24
2 MARKET INTRODUCTION 25
- 2.1 DEFINITION 25
- 2.2 SCOPE OF THE STUDY 25
- 2.3 RESEARCH OBJECTIVE 25
- 2.4 MARKET STRUCTURE 26
- 2.5 KEY BUYING CRITERIA 26
3 RESEARCH METHODOLOGY 27
- 3.1 RESEARCH PROCESS 27
- 3.2 PRIMARY RESEARCH 28
- 3.3 SECONDARY RESEARCH 29
- 3.4 MARKET SIZE ESTIMATION 30
- 3.5 FORECAST MODEL 31
- 3.6 LIST OF ASSUMPTIONS 32
4 MARKET DYNAMICS 33
- 4.1 INTRODUCTION 33
- 4.2 DRIVERS 34
- 4.2.1 GOVERNMENT INITIATIVES TO ENCOURAGE THE ADOPTION OF ELECTRIC BUSES 34
- 4.2.2 LOW OPERATING COST 34
- 4.2.3 DRIVER IMPACT ANALYSIS 35
- 4.3 RESTRAINTS 35
- 4.3.1 UNDERDEVELOPED CHARGING INFRASTRUCTURE AND POOR AFTERMARKET SERVICES 35
- 4.3.2 RESTRAINT IMPACT ANALYSIS 36
- 4.4 OPPORTUNITY 36
- 4.4.1 DEVELOPING EV CHARGING INFRASTRUCTURE 36
- 4.5 COVID-19 IMPACT ANALYSIS 37
- 4.5.1 ECONOMIC IMPACT ON THE OVERALL AUTOMOTIVE INDUSTRY 37
- 4.5.2 IMPACT ON AUTOMOTIVE PRODUCTION 37
- 4.5.3 IMPACT ON ELECTRIC BUS MARKET 38
- 4.5.3.1 IMPACT ON SUPPLY CHAIN 38
- 4.5.3.2 CASH FLOW CONSTRAINTS 38
- 4.5.4 IMPACT ON WORLD TRADE 38
5 MARKET FACTOR ANALYSIS 39
- 5.1 SUPPLY CHAIN ANALYSIS 39
- 5.1.1 DESIGN & DEVELOPMENT 39
- 5.1.2 RAW MATERIAL/COMPONENT SUPPLY 40
- 5.1.3 SALES & DISTRIBUTION 40
- 5.1.4 END USERS 40
- 5.2 PORTER'S FIVE FORCES MODEL 41
- 5.2.1 THREAT OF NEW ENTRANTS 41
- 5.2.2 BARGAINING POWER OF SUPPLIERS 42
- 5.2.3 THREAT OF SUBSTITUTES 42
- 5.2.4 BARGAINING POWER OF BUYERS 42
- 5.2.5 INTENSITY OF RIVALRY 42
- 5.3 BUSES IN OPERATION VS NET ZERO EMISSION BUSES IN AUSTRALIA & AFRICA 42
6 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE 44
- 6.1 OVERVIEW 44
- 6.2 SINGLE-DECKER 45
- 6.2.1 SCHOOL BUS 45
- 6.2.2 TROLLEY BUS 45
- 6.2.3 MIDI BUS 45
- 6.2.4 INTERCITY BUS 45
- 6.2.5 COACHES 45
- 6.2.6 CITY BUS 45
- 6.2.7 OTHERS 46
- 6.3 DOUBLE-DECKER 46
- 6.3.1 CITY BUS 46
- 6.3.2 INTERCITY BUS 46
- 6.3.3 COACHES 46
- 6.3.4 SCHOOL BUS 46
- 6.3.5 OTHERS 47
7 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH 49
- 7.1 OVERVIEW 49
- 7.2 6 TO 8M 49
- 7.3 9 TO 12M 50
- 7.4 ABOVE 12M 50
8 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION 51
- 8.1 OVERVIEW 51
- 8.2 BATTERY ELECTRIC VEHICLE (BEV) 52
- 8.3 PLUG-IN HYBRID ELECTRIC VEHICLES (PHEV) 52
- 8.4 FUEL CELL ELECTRIC VEHICLES (FCEV) 52
9 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY REGION 54
- 9.1 OVERVIEW 54
- 9.1.1 GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET, BY REGION, 2019-2030 55
- 9.2 EUROPE 57
- 9.2.1 EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY COUNTRY, 2019-2030 58
- 9.2.2 EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 59
- 9.2.3 EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 61
- 9.2.4 EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 61
- 9.2.5 GERMANY 62
- 9.2.5.1 GERMANY: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 62
- 9.2.5.1 GERMANY: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 64
- 9.2.5.2 GERMANY: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 65
- 9.2.6 FRANCE 66
- 9.2.6.1 FRANCE: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 66
- 9.2.6.2 FRANCE: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 68
- 9.2.6.3 FRANCE: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 68
- 9.2.7 UK 69
- 9.2.7.1 UK: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 69
- 9.2.7.2 UK: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 71
- 9.2.7.3 UK: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 72
- 9.2.8 ITALY 72
- 9.2.8.1 ITALY: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 72
- 9.2.8.2 ITALY: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 74
- 9.2.8.3 ITALY: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 75
- 9.2.9 RUSSIA 76
- 9.2.9.1 RUSSIA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 76
- 9.2.9.2 RUSSIA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 78
- 9.2.9.3 RUSSIA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 78
- 9.2.10 REST OF EUROPE 79
- 9.2.10.1 REST OF EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 79
- 9.2.10.2 REST OF EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 81
- 9.2.10.3 REST OF EUROPE: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 82
- 9.3 NORTH AMERICA 83
- 9.3.1 NORTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY COUNTRY, 2019-2030 83
- 9.3.2 NORTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 84
- 9.3.3 NORTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 86
- 9.3.4 NORTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 87
- 9.3.5 US 87
- 9.3.5.1 US: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 87
- 9.3.5.2 US: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 89
- 9.3.5.3 US: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 90
- 9.3.6 CANADA 91
- 9.3.6.1 CANADA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 91
- 9.3.6.2 CANADA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 93
- 9.3.6.3 CANADA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 93
- 9.3.7 MEXICO 94
- 9.3.7.1 MEXICO: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 94
- 9.3.7.2 MEXICO: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 96
- 9.3.7.3 MEXICO: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 97
- 9.4 ASIA-PACIFIC 98
- 9.4.1 ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 99
- 9.4.2 ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 100
- 9.4.3 ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 102
- 9.4.4 ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 102
- 9.4.5 CHINA 103
- 9.4.5.1 CHINA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 103
- 9.4.5.2 CHINA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 105
- 9.4.5.3 CHINA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 106
- 9.4.6 INDIA 107
- 9.4.6.1 INDIA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 107
- 9.4.6.2 INDIA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 109
- 9.4.6.3 INDIA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 109
- 9.4.7 JAPAN 110
- 9.4.7.1 JAPAN: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 110
- 9.4.7.2 JAPAN: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 112
- 9.4.7.3 JAPAN: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 113
- 9.4.8 SOUTH KOREA 114
- 9.4.8.1 SOUTH KOREA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 114
- 9.4.8.2 SOUTH KOREA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 116
- 9.4.8.3 SOUTH KOREA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 116
- 9.4.9 REST OF ASIA-PACIFIC 117
- 9.4.9.1 REST OF ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 117
- 9.4.9.2 REST OF ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 119
- 9.4.9.3 REST OF ASIA-PACIFIC: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 120
- 9.5 MIDDLE EAST & AFRICA 121
- 9.5.1 MIDDLE EAST & AFRICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 121
- 9.5.2 MIDDLE EAST & AFRICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 123
- 9.5.3 MIDDLE EAST & AFRICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 124
- 9.6 SOUTH AMERICA 125
- 9.6.1 SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY COUNTRY, 2019-2030 125
- 9.6.2 SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 126
- 9.6.3 SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 128
- 9.6.4 SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 129
- 9.6.5 BRAZIL 130
- 9.6.5.1 BRAZIL: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 130
- 9.6.5.2 BRAZIL: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 132
- 9.6.5.3 BRAZIL: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 132
- 9.6.6 ARGENTINA 133
- 9.6.6.1 ARGENTINA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 133
- 9.6.6.2 ARGENTINA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 135
- 9.6.6.3 ARGENTINA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 136
- 9.6.7 REST OF SOUTH AMERICA 137
- 9.6.7.1 REST OF SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY TYPE, 2019-2030 137
- 9.6.7.2 REST OF SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY LENGTH, 2019-2030 139
- 9.6.7.3 REST OF SOUTH AMERICA: AUTOMOTIVE ELECTRIC BUS MARKET, BY PROPULSION, 2019-2030 139
10 COMPETITIVE LANDSCAPE 141
- 10.1 OVERVIEW 141
- 10.2 COMPETITIVE BENCHMARKING 142
- 10.3 MARKET SHARE ANALYSIS 143
- 10.4 KEY DEVELOPMENTS IN THE GLOBAL AUTOMOTIVE ELECTRIC BUS MARKET 143
- 10.4.1 PARTNERSHIP 143
- 10.4.2 EXPANSION 144
- 10.4.3 PRODUCT LAUNCH 144
11 COMPANY PROFILES 145
- 11.1 MAN 145
- 11.1.1 COMPANY OVERVIEW 145
- 11.1.2 FINANCIAL OVERVIEW 146
- 11.1.3 PRODUCTS OFFERED 146
- 11.1.4 KEY DEVELOPMENTS 147
- 11.1.5 SWOT ANALYSIS 147
- 11.1.6 KEY STRATEGIES 148
- 11.2 VOLVO 149
- 11.2.1 COMPANY OVERVIEW 149
- 11.2.2 FINANCIAL OVERVIEW 149
- 11.2.3 PRODUCTS OFFERED 150
- 11.2.4 KEY DEVELOPMENTS 150
- 11.2.5 SWOT ANALYSIS 151
- 11.2.6 KEY STRATEGIES 151
- 11.3 BYD MOTORS INC. 152
- 11.3.1 COMPANY OVERVIEW 152
- 11.3.2 FINANCIAL OVERVIEW 153
- 11.3.3 PRODUCTS OFFERED 154
- 11.3.4 KEY DEVELOPMENTS 154
- 11.3.5 SWOT ANALYSIS 155
- 11.3.6 KEY STRATEGIES 155
- 11.4 YUTONG 156
- 11.4.1 COMPANY OVERVIEW 156
- 11.4.2 FINANCIAL OVERVIEW 156
- 11.4.3 PRODUCTS OFFERED 157
- 11.4.4 KEY DEVELOPMENTS 157
- 11.4.5 SWOT ANALYSIS 158
- 11.4.6 KEY STRATEGIES 158
- 11.5 PROTERRA 159
- 11.5.1 COMPANY OVERVIEW 159
- 11.5.2 FINANCIAL OVERVIEW 159
- 11.5.3 PRODUCTS OFFERED 160
- 11.5.4 KEY DEVELOPMENTS 160
- 11.5.5 SWOT ANALYSIS 161
- 11.5.6 KEY STRATEGIES 161
- 11.6 VDL GROEP BV 162
- 11.6.1 COMPANY OVERVIEW 162
- 11.6.2 FINANCIAL OVERVIEW 162
- 11.6.3 PRODUCTS OFFERED 162
- 11.6.4 KEY DEVELOPMENTS 162
- 11.6.5 SWOT ANALYSIS 163
- 11.6.6 KEY STRATEGIES 163
- 11.7 MERCEDES-BENZ GROUP AG 164
- 11.7.1 COMPANY OVERVIEW 164
- 11.7.2 FINANCIAL OVERVIEW 165
- 11.7.3 PRODUCTS OFFERED 166
- 11.7.4 KEY DEVELOPMENTS 166
- 11.7.5 SWOT ANALYSIS 167
- 11.7.6 KEY STRATEGIES 167
- 11.8 NFI GROUP 168
- 11.8.1 COMPANY OVERVIEW 168
- 11.8.2 FINANCIAL OVERVIEW 168
- 11.8.3 PRODUCTS OFFERED 169
- 11.8.4 KEY DEVELOPMENTS 169
- 11.8.5 SWOT ANALYSIS 170
- 11.8.6 KEY STRATEGIES 170
- 11.9 EBUSCO 171
- 11.9.1 COMPANY OVERVIEW 171
- 11.9.2 FINANCIAL OVERVIEW 171
- 11.9.3 PRODUCTS OFFERED 172
- 11.9.4 KEY DEVELOPMENTS 172
- 11.9.6 KEY STRATEGIES 173
- 11.10 ZHONGTONG BUS 174
- 11.10.1 COMPANY OVERVIEW 174
- 11.10.2 FINANCIAL OVERVIEW 174
- 11.10.3 PRODUCTS OFFERED 175
- 11.10.4 KEY DEVELOPMENTS 175
- 11.10.5 SWOT ANALYSIS 176
- 11.10.6 KEY STRATEGIES 176