Global Electric Bus Market Segmentation, Application, Technology, Trends and Growth Opportunities Forecasts to 2029

[akash Arjun pingale]

Global Electric Bus Market: was valued at 78,240 Units in 2021, and it is expected to reach 1,383,480 Units by 2029, exhibiting a CAGR of 43.2% during the forecast period (2022-2029)

Global Electric Bus Market Overview: 

Extensive Global Electric Bus Market analysis is carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Global Electric Bus market.

The Global Electric Bus market study also gives information on the leading businesses functioning in the Global Electric Bus industry's strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. To summarise what has been said thus far, the report provides a comprehensive picture of the Global Electric Bus market in both global and regional markets.

Global Electric Bus Market Dynamic:

Increasing need for zero-emission and energy-efficient mass transportation solutions: The transportation industry is a major contributor to global greenhouse gas (GHG) emissions. According to the United Nations Environment Program (UNEP), the transportation sector accounts for around one-quarter of all energy-related greenhouse gas (GHG) emissions and is a major source of urban and regional air pollution. According to the US Environmental Protection Agency (EPA), buses produced 1.1% of total GHG emissions from the transportation sector in 2019. Vehicle emissions are solely responsible for emitting 29% of ozone-depleting chemicals, which cause air pollution and are hazardous to the environment.

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Market Scope:

This research on the Global Electric Bus industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Global Electric Bus utilizing internal and external private information, as well as relevant patent and regulatory sources.

Global Electric Bus Market Segmentation: 

Based on propulsion type, the market is segmented into fuel cell electric vehicles, plug-in hybrid electric vehicles, and battery electric vehicles. In 2021, the battery-electric cars sector had 91.4% of the market. The high-capacity battery sets onboard battery-electric buses store electricity. These buses are designed to take advantage of the benefits of those batteries in order to power the electrical motor and all onboard electronics. The fuel cell electric vehicle category is also expected to increase exponentially during the forecast period since hydrogen fuel cell buses run longer and have faster refilling capabilities than standard e-buses. During the forecast period, the plug-in hybrid electric car category is expected to increase steadily. These buses may charge the battery by both hooking into an external power supply and regenerative braking. Based on range, the market is segmented into less than 200 miles and more than 200 miles. Due to reduced total operating cost (TCO)/km and less recharging time, the segment of less than 200 miles accounted for the biggest proportion of the market. The segment of more than 200 miles is expected to grow at a faster rate during the forecast period. Reduced battery costs, as well as improvements in energy consumption and mileage of new e-buses, will support the expansion of this market.

Global 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
• Daimler AG
• TATA Motors
• Ashok Leyland
• Nova Bus
• Foton Motor Inc.
• Ashok Leyland Electric Bus.
• JBM Solaris ECOLIFE.
• Electric Bus K9.
• SKYPAK XL Bus.

A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Global Electric Bus business are...

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Regional Analysis:

The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.

COVID-19 Impact Analysis on Global Electric Bus Market:

The spread of the COVID-19 pandemic has had a wide-ranging influence on people's lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market's initial and future projections.

Key Questions Answered in the Global Electric Bus Market Report are: 

• What will be the CAGR of the Global Electric Bus market during the forecast period?
• Which segment emerged as the leading segment in the Global Electric Bus market?
• Which are the prominent players in the Global Electric Bus market?
• What will be the Global Electric Bus market size by 2027?
• Which company held the largest share in the Global Electric Bus market?

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