Battery Electric Bus Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A battery electric bus, often known as an e-bus, is a vehicle that runs entirely on electricity rather than a standard internal combustion engine. An on-board electric motor powers the E-bus, which is powered by on-board batteries or a set of batteries. Electric buses are considered environmentally friendly because they emit no emissions and are also cost effective when compared to typical gasoline/diesel buses..

MARKET SCOPE

The "Global Battery electric bus Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the battery electric bus market with detailed market segmentation by consumer segment, application, length of bus type, capacity, power output, and geography. The report provides key statistics on the market status of the leading battery electric bus market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on consumer segment, the global battery electric bus market is segmented into fleet operator and government.
• On the basis of application, the market is segmented into intercity and intracity.
• Based on length of bus type, the market is bifurcated into less than 9m, 9-14m, above 14m.
• Based on battery capacity, the market is bifurcated into upto 400 kWH and above 400 kWH.
• Based on power output, the market is bifurcated into upto 250 KW and above 250 KW.

MARKET DYNAMICS

Drivers

• Various governments throughout the world have launched attempts to deploy electric buses to make their metropolitan public transportation systems more sustainable and fuel efficient.
• Electric buses will revolutionise public transportation in the future years by improving air quality, reducing noise, and increasing fuel efficiency.
• Manufacturers have been pushed to use electric technology since emission regulations in some nations have become more stringent.

Restraints

• The high expense of developing electric buses and coaches, as well as associated components like batteries and monitoring systems.
• Infrastructure development costs for EVs are also very costly.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The battery electric bus market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the battery electric bus market in these regions.

IMPACT OF COVID-19 ON BATTERY ELECTRIC BUS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the battery electric bus market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from battery electric bus market are anticipated to lucrative growth opportunities in the future with the rising demand for battery electric bus in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the battery electric bus market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• AB Volvo
• BYD Company Limited
• Ankai
• Construcciones y Auxiliar de Ferrocarriles, S.A.
• Daimler AG
• Ebusco B.V.
• King Long United Automotive Industry Co., Ltd
• Scania
• VDL Company
• Zhengzhou Yutong Bus Co., Ltd. 

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Battery Electric Bus Report Scope