Battery Electric Bus Market Scope and Size by 2031
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.
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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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Battery Electric Bus Market - By Consumer segment
1.3.2 Battery Electric Bus Market - By Application
1.3.3 Battery Electric Bus Market - By Length of bus type
1.3.4 Battery Electric Bus Market - By Battery capacity
1.3.5 Battery Electric Bus Market - By Power output
1.3.6 Battery Electric Bus Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BATTERY ELECTRIC BUS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. BATTERY ELECTRIC BUS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BATTERY ELECTRIC BUS MARKET - GLOBAL MARKET ANALYSIS
6.1. BATTERY ELECTRIC BUS - GLOBAL MARKET OVERVIEW
6.2. BATTERY ELECTRIC BUS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BATTERY ELECTRIC BUS MARKET - REVENUE AND FORECASTS TO 2028 - CONSUMER SEGMENT
7.1. OVERVIEW
7.2. CONSUMER SEGMENT MARKET FORECASTS AND ANALYSIS
7.3. FLEET OPERATOR
7.3.1. Overview
7.3.2. Fleet Operator Market Forecast and Analysis
7.4. GOVERNMENT
7.4.1. Overview
7.4.2. Government Market Forecast and Analysis
8. BATTERY ELECTRIC BUS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. INTERCITY
8.3.1. Overview
8.3.2. Intercity Market Forecast and Analysis
8.4. INTRACITY
8.4.1. Overview
8.4.2. Intracity Market Forecast and Analysis
9. BATTERY ELECTRIC BUS MARKET - REVENUE AND FORECASTS TO 2028 - LENGTH OF BUS TYPE
9.1. OVERVIEW
9.2. LENGTH OF BUS TYPE MARKET FORECASTS AND ANALYSIS
9.3. LESS THAN9M
9.3.1. Overview
9.3.2. less than9m Market Forecast and Analysis
9.4. 914 M
9.4.1. Overview
9.4.2. 914 m Market Forecast and Analysis
9.5. ABOVE 14M
9.5.1. Overview
9.5.2. Above 14m Market Forecast and Analysis
10. BATTERY ELECTRIC BUS MARKET - REVENUE AND FORECASTS TO 2028 - BATTERY CAPACITY
10.1. OVERVIEW
10.2. BATTERY CAPACITY MARKET FORECASTS AND ANALYSIS
10.3. UPTO 400 KWH
10.3.1. Overview
10.3.2. Upto 400 kWh Market Forecast and Analysis
10.4. ABOVE 400 KWH
10.4.1. Overview
10.4.2. Above 400 kWh Market Forecast and Analysis
11. BATTERY ELECTRIC BUS MARKET - REVENUE AND FORECASTS TO 2028 - POWER OUTPUT
11.1. OVERVIEW
11.2. POWER OUTPUT MARKET FORECASTS AND ANALYSIS
11.3. UPTO 250 KW
11.3.1. Overview
11.3.2. Upto 250 kW Market Forecast and Analysis
11.4. ABOVE 250 KW
11.4.1. Overview
11.4.2. Above 250 kW Market Forecast and Analysis
12. BATTERY ELECTRIC BUS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Battery Electric Bus Market Overview
12.1.2 North America Battery Electric Bus Market Forecasts and Analysis
12.1.3 North America Battery Electric Bus Market Forecasts and Analysis - By Consumer segment
12.1.4 North America Battery Electric Bus Market Forecasts and Analysis - By Application
12.1.5 North America Battery Electric Bus Market Forecasts and Analysis - By Length of bus type
12.1.6 North America Battery Electric Bus Market Forecasts and Analysis - By Battery capacity
12.1.7 North America Battery Electric Bus Market Forecasts and Analysis - By Power output
12.1.8 North America Battery Electric Bus Market Forecasts and Analysis - By Countries
12.1.8.1 United States Battery Electric Bus Market
12.1.8.1.1 United States Battery Electric Bus Market by Consumer segment
12.1.8.1.2 United States Battery Electric Bus Market by Application
12.1.8.1.3 United States Battery Electric Bus Market by Length of bus type
12.1.8.1.4 United States Battery Electric Bus Market by Battery capacity
12.1.8.1.5 United States Battery Electric Bus Market by Power output
12.1.8.2 Canada Battery Electric Bus Market
12.1.8.2.1 Canada Battery Electric Bus Market by Consumer segment
12.1.8.2.2 Canada Battery Electric Bus Market by Application
12.1.8.2.3 Canada Battery Electric Bus Market by Length of bus type
12.1.8.2.4 Canada Battery Electric Bus Market by Battery capacity
12.1.8.2.5 Canada Battery Electric Bus Market by Power output
12.1.8.3 Mexico Battery Electric Bus Market
12.1.8.3.1 Mexico Battery Electric Bus Market by Consumer segment
12.1.8.3.2 Mexico Battery Electric Bus Market by Application
12.1.8.3.3 Mexico Battery Electric Bus Market by Length of bus type
12.1.8.3.4 Mexico Battery Electric Bus Market by Battery capacity
12.1.8.3.5 Mexico Battery Electric Bus Market by Power output
12.2. EUROPE
12.2.1 Europe Battery Electric Bus Market Overview
12.2.2 Europe Battery Electric Bus Market Forecasts and Analysis
12.2.3 Europe Battery Electric Bus Market Forecasts and Analysis - By Consumer segment
12.2.4 Europe Battery Electric Bus Market Forecasts and Analysis - By Application
12.2.5 Europe Battery Electric Bus Market Forecasts and Analysis - By Length of bus type
12.2.6 Europe Battery Electric Bus Market Forecasts and Analysis - By Battery capacity
12.2.7 Europe Battery Electric Bus Market Forecasts and Analysis - By Power output
12.2.8 Europe Battery Electric Bus Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Battery Electric Bus Market
12.2.8.1.1 Germany Battery Electric Bus Market by Consumer segment
12.2.8.1.2 Germany Battery Electric Bus Market by Application
12.2.8.1.3 Germany Battery Electric Bus Market by Length of bus type
12.2.8.1.4 Germany Battery Electric Bus Market by Battery capacity
12.2.8.1.5 Germany Battery Electric Bus Market by Power output
12.2.8.2 France Battery Electric Bus Market
12.2.8.2.1 France Battery Electric Bus Market by Consumer segment
12.2.8.2.2 France Battery Electric Bus Market by Application
12.2.8.2.3 France Battery Electric Bus Market by Length of bus type
12.2.8.2.4 France Battery Electric Bus Market by Battery capacity
12.2.8.2.5 France Battery Electric Bus Market by Power output
12.2.8.3 Italy Battery Electric Bus Market
12.2.8.3.1 Italy Battery Electric Bus Market by Consumer segment
12.2.8.3.2 Italy Battery Electric Bus Market by Application
12.2.8.3.3 Italy Battery Electric Bus Market by Length of bus type
12.2.8.3.4 Italy Battery Electric Bus Market by Battery capacity
12.2.8.3.5 Italy Battery Electric Bus Market by Power output
12.2.8.4 United Kingdom Battery Electric Bus Market
12.2.8.4.1 United Kingdom Battery Electric Bus Market by Consumer segment
12.2.8.4.2 United Kingdom Battery Electric Bus Market by Application
12.2.8.4.3 United Kingdom Battery Electric Bus Market by Length of bus type
12.2.8.4.4 United Kingdom Battery Electric Bus Market by Battery capacity
12.2.8.4.5 United Kingdom Battery Electric Bus Market by Power output
12.2.8.5 Russia Battery Electric Bus Market
12.2.8.5.1 Russia Battery Electric Bus Market by Consumer segment
12.2.8.5.2 Russia Battery Electric Bus Market by Application
12.2.8.5.3 Russia Battery Electric Bus Market by Length of bus type
12.2.8.5.4 Russia Battery Electric Bus Market by Battery capacity
12.2.8.5.5 Russia Battery Electric Bus Market by Power output
12.2.8.6 Rest of Europe Battery Electric Bus Market
12.2.8.6.1 Rest of Europe Battery Electric Bus Market by Consumer segment
12.2.8.6.2 Rest of Europe Battery Electric Bus Market by Application
12.2.8.6.3 Rest of Europe Battery Electric Bus Market by Length of bus type
12.2.8.6.4 Rest of Europe Battery Electric Bus Market by Battery capacity
12.2.8.6.5 Rest of Europe Battery Electric Bus Market by Power output
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Battery Electric Bus Market Overview
12.3.2 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis
12.3.3 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis - By Consumer segment
12.3.4 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis - By Application
12.3.5 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis - By Length of bus type
12.3.6 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis - By Battery capacity
12.3.7 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis - By Power output
12.3.8 Asia-Pacific Battery Electric Bus Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Battery Electric Bus Market
12.3.8.1.1 Australia Battery Electric Bus Market by Consumer segment
12.3.8.1.2 Australia Battery Electric Bus Market by Application
12.3.8.1.3 Australia Battery Electric Bus Market by Length of bus type
12.3.8.1.4 Australia Battery Electric Bus Market by Battery capacity
12.3.8.1.5 Australia Battery Electric Bus Market by Power output
12.3.8.2 China Battery Electric Bus Market
12.3.8.2.1 China Battery Electric Bus Market by Consumer segment
12.3.8.2.2 China Battery Electric Bus Market by Application
12.3.8.2.3 China Battery Electric Bus Market by Length of bus type
12.3.8.2.4 China Battery Electric Bus Market by Battery capacity
12.3.8.2.5 China Battery Electric Bus Market by Power output
12.3.8.3 India Battery Electric Bus Market
12.3.8.3.1 India Battery Electric Bus Market by Consumer segment
12.3.8.3.2 India Battery Electric Bus Market by Application
12.3.8.3.3 India Battery Electric Bus Market by Length of bus type
12.3.8.3.4 India Battery Electric Bus Market by Battery capacity
12.3.8.3.5 India Battery Electric Bus Market by Power output
12.3.8.4 Japan Battery Electric Bus Market
12.3.8.4.1 Japan Battery Electric Bus Market by Consumer segment
12.3.8.4.2 Japan Battery Electric Bus Market by Application
12.3.8.4.3 Japan Battery Electric Bus Market by Length of bus type
12.3.8.4.4 Japan Battery Electric Bus Market by Battery capacity
12.3.8.4.5 Japan Battery Electric Bus Market by Power output
12.3.8.5 South Korea Battery Electric Bus Market
12.3.8.5.1 South Korea Battery Electric Bus Market by Consumer segment
12.3.8.5.2 South Korea Battery Electric Bus Market by Application
12.3.8.5.3 South Korea Battery Electric Bus Market by Length of bus type
12.3.8.5.4 South Korea Battery Electric Bus Market by Battery capacity
12.3.8.5.5 South Korea Battery Electric Bus Market by Power output
12.3.8.6 Rest of Asia-Pacific Battery Electric Bus Market
12.3.8.6.1 Rest of Asia-Pacific Battery Electric Bus Market by Consumer segment
12.3.8.6.2 Rest of Asia-Pacific Battery Electric Bus Market by Application
12.3.8.6.3 Rest of Asia-Pacific Battery Electric Bus Market by Length of bus type
12.3.8.6.4 Rest of Asia-Pacific Battery Electric Bus Market by Battery capacity
12.3.8.6.5 Rest of Asia-Pacific Battery Electric Bus Market by Power output
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Battery Electric Bus Market Overview
12.4.2 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis
12.4.3 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis - By Consumer segment
12.4.4 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis - By Application
12.4.5 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis - By Length of bus type
12.4.6 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis - By Battery capacity
12.4.7 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis - By Power output
12.4.8 Middle East and Africa Battery Electric Bus Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Battery Electric Bus Market
12.4.8.1.1 South Africa Battery Electric Bus Market by Consumer segment
12.4.8.1.2 South Africa Battery Electric Bus Market by Application
12.4.8.1.3 South Africa Battery Electric Bus Market by Length of bus type
12.4.8.1.4 South Africa Battery Electric Bus Market by Battery capacity
12.4.8.1.5 South Africa Battery Electric Bus Market by Power output
12.4.8.2 Saudi Arabia Battery Electric Bus Market
12.4.8.2.1 Saudi Arabia Battery Electric Bus Market by Consumer segment
12.4.8.2.2 Saudi Arabia Battery Electric Bus Market by Application
12.4.8.2.3 Saudi Arabia Battery Electric Bus Market by Length of bus type
12.4.8.2.4 Saudi Arabia Battery Electric Bus Market by Battery capacity
12.4.8.2.5 Saudi Arabia Battery Electric Bus Market by Power output
12.4.8.3 U.A.E Battery Electric Bus Market
12.4.8.3.1 U.A.E Battery Electric Bus Market by Consumer segment
12.4.8.3.2 U.A.E Battery Electric Bus Market by Application
12.4.8.3.3 U.A.E Battery Electric Bus Market by Length of bus type
12.4.8.3.4 U.A.E Battery Electric Bus Market by Battery capacity
12.4.8.3.5 U.A.E Battery Electric Bus Market by Power output
12.4.8.4 Rest of Middle East and Africa Battery Electric Bus Market
12.4.8.4.1 Rest of Middle East and Africa Battery Electric Bus Market by Consumer segment
12.4.8.4.2 Rest of Middle East and Africa Battery Electric Bus Market by Application
12.4.8.4.3 Rest of Middle East and Africa Battery Electric Bus Market by Length of bus type
12.4.8.4.4 Rest of Middle East and Africa Battery Electric Bus Market by Battery capacity
12.4.8.4.5 Rest of Middle East and Africa Battery Electric Bus Market by Power output
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Battery Electric Bus Market Overview
12.5.2 South and Central America Battery Electric Bus Market Forecasts and Analysis
12.5.3 South and Central America Battery Electric Bus Market Forecasts and Analysis - By Consumer segment
12.5.4 South and Central America Battery Electric Bus Market Forecasts and Analysis - By Application
12.5.5 South and Central America Battery Electric Bus Market Forecasts and Analysis - By Length of bus type
12.5.6 South and Central America Battery Electric Bus Market Forecasts and Analysis - By Battery capacity
12.5.7 South and Central America Battery Electric Bus Market Forecasts and Analysis - By Power output
12.5.8 South and Central America Battery Electric Bus Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Battery Electric Bus Market
12.5.8.1.1 Brazil Battery Electric Bus Market by Consumer segment
12.5.8.1.2 Brazil Battery Electric Bus Market by Application
12.5.8.1.3 Brazil Battery Electric Bus Market by Length of bus type
12.5.8.1.4 Brazil Battery Electric Bus Market by Battery capacity
12.5.8.1.5 Brazil Battery Electric Bus Market by Power output
12.5.8.2 Argentina Battery Electric Bus Market
12.5.8.2.1 Argentina Battery Electric Bus Market by Consumer segment
12.5.8.2.2 Argentina Battery Electric Bus Market by Application
12.5.8.2.3 Argentina Battery Electric Bus Market by Length of bus type
12.5.8.2.4 Argentina Battery Electric Bus Market by Battery capacity
12.5.8.2.5 Argentina Battery Electric Bus Market by Power output
12.5.8.3 Rest of South and Central America Battery Electric Bus Market
12.5.8.3.1 Rest of South and Central America Battery Electric Bus Market by Consumer segment
12.5.8.3.2 Rest of South and Central America Battery Electric Bus Market by Application
12.5.8.3.3 Rest of South and Central America Battery Electric Bus Market by Length of bus type
12.5.8.3.4 Rest of South and Central America Battery Electric Bus Market by Battery capacity
12.5.8.3.5 Rest of South and Central America Battery Electric Bus Market by Power output
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. BATTERY ELECTRIC BUS MARKET, KEY COMPANY PROFILES
14.1. AB VOLVO
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. BYD COMPANY LIMITED
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. ANKAI
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. DAIMLER AG
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. EBUSCO B.V.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. KING LONG UNITED AUTOMOTIVE INDUSTRY CO., LTD
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. SCANIA
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. VDL COMPANY
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. ZHENGZHOU YUTONG BUS CO., LTD.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies
1. AB Volvo
2. BYD Company Limited
3. Ankai
4. Construcciones y Auxiliar de Ferrocarriles, S.A.
5. Daimler AG
6. Ebusco B.V.
7. King Long United Automotive Industry Co., Ltd
8. Scania
9. VDL Company
10. Zhengzhou Yutong Bus Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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