Global Electric Bus Market Analysis of The Major Products, Application Segments And Market Size with sales volume and Supply

[Aarti Ghodke]

Electric Bus Market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.

Electric Bus Market Overview:

The rising demand for automated Electric Bus and the rapid growth of the automotive industry are main factors driving the global market for Electric Bus. Additionally, the number of workshops in which drilling presses are used is growing due to the fast development of the manufacturing sector and this factor drives the worldwide demand for Electric Bus. Small-scale businesses often buy Electric Bus from distributors on the free market. The global demand for Electric Bus is expanding rapidly due to the large use of Electric Bus by small-scale industries worldwide.
Two major kinds of Electric Bus are available: power feed drilling presses and handheld drilling presses. Presses for power feed drilling are heavy and large in scale.

The main focus of this research report is to through the light on the locally and internationally competing players, their performance graph in the past, and their potential in the future. Interestingly, the Market study presents strategies implemented the key players for promoting their products and services in international Markets, along with demand forecasting, related information on Market share, Market size, anticipated GDP, and more. The report details the current export and import conditions, products traded and manufactured, growth trends, identifies new Markets, potential products for business expansion, existing concerns in the Electric Bus Market including trade restrictions and other, operational challenges and constraints hindering the growth of the Market.

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Electric Bus Market Scope:

Report is a compilation of UpToDate information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent Market trends, macro-economic indicators, and governing factors, along with Market attractiveness as per segment. The report also maps the qualitative impact of various Market factors on Market segments and geographies.

Electric Bus Market Key Players:
• BYD Company Ltd.
• Yutong
• New Flyer Industries Inc.
• Proterra Inc.
• Solaris Bus & Coach SA
• Zhongtong Bus Holding Co., Ltd.
• Shenzhen Wuzhoulong Motors Co., Ltd.
• EBUSCO BV.
• Dongfeng Automobile Co., Ltd
• Alexander Dennis
• King Long
• FAW Group
• AB Volvo

Electric Bus Market Segmentation:

Based on battery, electric bus market is segmented into Lithium ion phosphate, lithium titanate and Nickel-Manganese-Cobalt batteries. Lithium ion batteries are dominating the market with 65% of market share in terms of volume. Factors attributing growth of the segment are high efficiency of Li-ion phosphate batteries and lower cost for servicing for the batteries. Many large towns and counties throughout the world have committed to converting their entire fleets to BEBs by future dates. Los Angeles County (by 2030), Seattle (King County, by 2040), San Francisco (by 2035), and New York City are among them. Most city transportation agencies, on the other hand, have only purchased a few BEBs to evaluate their reliability and compare them to traditional buses. According to the American Public Transportation Association (APTA), which represents all of the country's major public transportation organizations, the economics of BEBs are shifting, albeit the price point for individual buses remains a barrier to overcoming diesel or other vehicles.

Based on bus type, market is segregated into light and medium buses. Light bus segment is dominating the market with CAGR of approximately 5.8%. Factors attributing growth of the segment are the public transportation fleet's huge number of electric passenger buses Electric buses with a length of 9–14 meters also called as light buses are used by the majority of public transportation fleets, especially in China, which accounts for about 99 percent of the market. Many market-leading OEMs, including BYD, Proterra, and Yutong, have also been producing electric buses in the 9-14 m length range. BYD offers the K8 and K9 electric buses, which are 9 to 14 metres long and have a range of 155 to 190 kilometers. It also has C8 and C9 transit vehicles with 125- and 155-mile ranges, respectively. Electric buses of the same length are being considered by countries planning to replace existing public fleets with electric buses.

Regional Analysis:
1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Korea, Thailand, India, Philippines, Indonesia, and Australia)
2. Europe (Turkey, Russia UK, Italy, Germany, France, etc.)
3. North America (the United States, Mexico, and Canada.)

4. South America (Brazil etc.)
5. The Middle East and Africa (Egypt and GCC Countries.)

PESTEL Analysis:
Report provided by Maximize Market Research gives PESTEL Analysis which helps you in designing the business strategies. Political factors will determine the extent to which a government may influence the Electric Bus Market. Economic factors tell you in analysing determinants to economy’s performance that impacts Electric Bus Market. Social factors help in planning Marketing analytics and strategies. Legal factors focus on understanding effect of the surrounding environment and the influence of ecological aspects for Electric Bus Market.
Reasons for Investing in this Report:
• The report gives a better understanding of the current situation of the Market, and studies external and internal factors affecting the industry.
• The report conducts a SWOT analysis on the Market which helps identifying strengths, weaknesses, threats, challenges, and competitive Markets underlying the Market.
• The report measures the performance of Electric Bus Market on economic indicators such as production, annual sales, and total revenue, Market size, total CAGR, annual GDP, and different parameters like investment opportunities and more in the Market which helps to understand the Market situation more clearly.

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