In 2017, Global Electric Bus Market Size was valued nearly USD 57.2 billion and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, global market is expected to grow at a CAGR of 12.76% during the forecast period, i.e. 2017-2025.

Global Electric Bus Market Growth Opportunities By Revenue, Growth (2017-2025)

Electric buses are the vehicles that require power or electricity to perform its operations. Electric bus is an efficient solution for the reduction of pollution caused due to fuel-driven vehicles or buses, hence its market is gaining momentum across the globe. Recent years positive research and development in technology, government support and private sectors initiative are boost the demand of the electric bus.

Market Dynamics

In 2017, the electric bus market was valued nearly USD 57.2 billion and is expected to register critical growth over the forecast period, owing to its rising adoptation by major countries of the world. Escalation in air pollution are causing health hazards for people, hence government is focusing on reducing air pollution by introducing environment-friendly or less pollution emitting public travel options for people. Low noise and higher comfort offered by electric buses are another reason that is expected to boost the growth of electric bus market in the coming years.

Furthermore, rising battery based vehicle technologies and increased research on them is anticipated to propel the growth of electric bus market during the forecast period. Rechargeable battery associated with electric buses can cause saving of fuel that is being reduced rapidly due to the rising consumption, hence it will also aid in the growth of electric bus market. However, high manufacturing costs associated with hybrid or electric bus, coupled with less awareness towards the benefits offered by electric bus in some developing countries can restrain the growth of electric bus market during the forecast period.

Segment Analysis 

Hybrid electric bus segment is anticipated to grow rapidly over the forecast period, owing to rapid advancements and developments in automobile technology. Rapid deployment of hybrid electric bus in major economies of the world, such as Canada, China, Germany, UK, US, and others, due to its advantageous characteristics is expected to help in boosting the growth of the segment in the upcoming years.

Autonomous charging systems are expected to grow at a significant pace during the forecast period, owing to its wider adaptation in some prominent countries, coupled with ease and convenience offered by autonomous charging systems, while recharging an electric vehicle.

Regional Analysis

Asia Pacific is expected to register a dominant share in the global electric bus market, owing to rising governmental support to electric vehicles, especially in countries such as China, Japan, and India. Speed up in the degradation of air quality in countries such as China and India due to air pollution caused by vehicles, it has become important to adopt an environment friendly commute option, which in turn is propelling the growth of electric bus market in the region.

Global Electric Bus Market Size, Share Analysis by Region 2017

Presence of a huge number of market players in the region, especially in China is one of the major reasons for the growth and development of electric bus market in Asia Pacific. North America and Europe is expected to be growing significantly in the electric bus market, due to rising governmental initiatives to encourage the use of electric bus, in order to curb air pollution through vehicles. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period

Electric Bus Market Study Objective

1. To forecast the market size of electric bus market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of electric bus market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of electric bus market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of electric bus market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the electric bus market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of electric bus market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of electric bus market commercially.

Key Players

Major players performing in electric bus market include Alexander Dennis, AB Volvo, Yutong Group, Solaris, Ashok Leyland, King Long, Daimler, New Flyer, Wright Enrichment Inc., DFAC, Shenzhen Wuzhoulong, Proterra, Zhong Tong, and Ebusco.

Global Electric Bus Market Report Offer You!

The global report study gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

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